Category Layer2

As we move down through the Layer-2 solutions of our blockchain architecture, we get a glimpse of the programmed mechanisms that further increase scalability and efficiency. We’ve explored the basic idea of mechanisms, state channels, payment channels, and hash locking.…

Hash locking is the core mechanism adopted to ensure the security of off-chain transactions in blockchain technology. Leveraging cryptographic hashing algorithms, the hash locking mechanism serves as a safe way to effect conditional transfers and plays pivotal roles in many…

Payment channels are among the various off-chain scaling solutions designed to enhance the efficiency and scalability of blockchain networks. By enabling multiple transactions to occur off the main chain, payment channels help avoid network congestion, reduce transaction costs, and significantly…

State and payment channels are among the different off-chain scaling solutions that are looking to make blockchains more efficient and scalable. Plenty of transactions can be done off the main chain, avoiding congestion, decreasing the transaction cost, and increasing the…

The rise of blockchain was the dawn of a new era in decentralised, transparent, and secured ways of doing business. However, with the rise of the popularity of blockchain, the issue of scalability has also been raised because of its…