Ethereum's L2 Solutions Address Core Blockchain Challenges

According to PANews, with Ethereum's Layer 1 (L1) mainnet gas fees reaching a five-year low, many projects are reconsidering deploying on L1. This raises questions about the core issues that Layer 2 (L2) solutions aim to address. The blockchain trilemma, as explained by Ethereum co-founder Vitalik Buterin, involves a trade-off between security, decentralization, and scalability. L2 solutions are designed to tackle these challenges by maintaining security through state summaries on L1, striving for decentralization in transaction ordering, and achieving scalability off-chain source: https://www.binance.com/en/square/post/24934921040442?utm_source=BinanceNewsRSS