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Details: https://www.gate.com/announcements/article/47889
About Etherium Layer 2:
Layer 2 solutions aim to solve the various scalability issues by moving some of the transaction processing off the Ethereum main chain. They accomplish this by creating an additional layer or protocol that operates alongside the main chain, but performs most of the transaction processing and validation off the main chain. This offloading of transactions to a secondary layer helps increase the overall capacity of the Ethereum network and reduces congestion, resulting in faster and cheaper transactions.
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