How Are Layer 2 Solutions Solving Blockchain Trilemma?
The blockchain trilemma, a concept introduced by Ethereum creator Vitalik Buterin, presents a challenging scenario where blockchain systems struggle to achieve three key properties simultaneously: scalability, security, and decentralization. Historically, enhancing one of these aspects often comes at the expense of the others. Layer 2 solutions, however, offer a ray of hope, providing innovative methods to balance these properties effectively. This article explores the nuanced ways in which Layer 2 technologies are addressing this trilemma, showcasing their potential to reshape the future of blockchain. So, What is Blockchain Trilemma? The blockchain trilemma is a concept that illustrates the challenges in achieving high scalability, robust security, and complete decentralization simultaneously in a blockchain network. Most networks find it challenging to optimize all three aspects without compromising at least one. For instance, increasing scalability may lead to dec...