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Layer 2 blockchain solutions are built on top of the layer 1 blockchains, offering more perks compared to other blockchain solutions. That’s why most of the businesses are choosing layer 2 blockchain development over others. Let’s explore some of the real benefits of layer 2 blockchain solutions:

Layer 2 blockchain processes transactions off-chain or in batches, which reduces confirmation times and speeds up the transactions. Due to this, layer 2 solutions handle more transactions per second than layer 1, making them highly scalable. It just reduced the load on the main blockchain, which significantly reduces the transaction fees.

Even though transactions are processed off-chain, layer 2 blockchain solutions still settle on the layer 1 blockchain. Therefore, it offers robust security as it inherits security from the main blockchain. Its faster transactions and low transactional fees offers smooth user experience for users. It also offers cross-platform integrations, helping businesses to integrate with other ecosystems.