What this essentially means is improving the base protocol itself to make the overall system more scalable. Layer 1 defi coins verification#Layer-2 solutions like state channels, and particularly lightning network, to conduct multiple microtransactions without wasting time with miner verification and paying unnecessary transaction fees.įinally, we have the layer-1 solutions. Layer 1 defi coins pro#The biggest pro is that it doesn’t mess with the underlying blockchain protocol.Not only does this solution significantly reduce the load in the root chain, but, if executed properly, it will increase scalability exponentially.The child chains then execute these actions and send the result back to the parent chain. The parent chain delegates work amongst its child chains. These levels will be connected to each other to form a parent-child chain connection. There will be multiple levels of blockchains sitting on top of the main chain.It will not directly take part in any operations unless it needs to resolve some disputes. The main, base blockchain is going lay down the ground rules of this entire system.The design principle of plasma is pretty straightforward: Nested BlockchainsĬurrently, OmiseGO, an Ethereum-based dApp, is working on a nested blockchains solution called Plasma. While Lightning Network allows participants to conduct a large number of microtransactions in a limited time period, the Raiden will enable participants to run smart contracts through their channels as well. Both of these utilize Hashed Timelock Contracts (HTLCs) to execute state channels.
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