Ethereum Layer 2: Explained

Source: https://boxmining.com/ethereum-2/

If you are an active member of the Ethereum community, then you will likely have heard catchphrases like ‘going bankless’, ‘banking the unbanked’, and ‘permissionless finance’. This is the bright future that is promised by blockchain, but the current state of the ecosystem is the complete opposite of that dream.

You may remember the 2017 bull market frenzy when Ethereum became overwhelmingly congested for the first…