• Written by: Prasanna Peshkar
• Tue, 30 May 2023
•   Germany

Layer 2 (L2) solutions enable blockchain networks to be scaled and costs reduced. This post will look at the top 5 Layer 2 coins.

Top 5 Layer 2 Coins To Buy Now To 10x Your Portfolio

As the popularity of cryptocurrencies grows, so does the desire for faster and less expensive transactions. Layer 2 (L2) solutions enable blockchain networks to be scaled, transaction speeds increased, and costs reduced. This post will look at the top 5 Layer 2 coins to invest.

What is a Layer 2 Blockchain?

Top 5 Layer 2 Coins

Layer 2 solutions can be viewed as one solution to the scalability challenge, allowing for fast and scalable execution while maintaining decentralization and security.

Polygon (MATIC)

Polygon, formerly Matic Network, is an Ethereum Layer 2 scaling solution. It is intended to deliver faster and cheaper transactions while retaining the Ethereum network’s security and decentralization. With a TVL of about $10 billion, Polygon has become one of the most popular Layer 2 solutions. It is regarded as the most popular mainstream Layer 2 solution for Ethereum.

Arbitrum

Arbitrum is an Ethereum Layer 2 scaling solution that leverages optimistic rollups to boost transaction throughput and lower fees. It is intended to be developer-friendly, featuring Solidity smart contracts compatibility and a thriving DeFi community. Arbitrum is often regarded as the most effective Layer 2 option for developers. 

Optimism

StarkEx

StarkEx is an Ethereum Layer 2 scaling solution that leverages zk-rollups to boost transaction throughput and lower fees. It is intended to be high-performance, with up to 9,000 transactions per second support. StarkEx is widely regarded as the most effective Layer 2 solution for high performance.

zkSync

zkSync is a Layer 2 scaling solution for Ethereum that uses zk-rollups to increase transaction throughput and improve security. It is designed to be secure, with support for zero-knowledge proofs and a focus on privacy. zkSync is considered the best Layer 2 solution for security.

Investing in Layer 2 cryptocurrencies can be an excellent method to capitalize on the increasing desire for faster and cheaper transactions. However, before investing in any cryptocurrency, you should conduct your own research and understand the hazards involved.

Conclusion

Polygon (MATIC), Arbitrum, Optimism, StarkEx, and zkSync are the top 5 Layer 2 coins to invest in. These Layer 2 technologies enable blockchain networks to be scaled, transaction speeds increased, and fees reduced. By investing in these coins, you may capitalize on the growing demand for faster and cheaper transactions while potentially profiting. However, before investing in any cryptocurrency, you should conduct your own research and understand the hazards involved.