Layer 2 solutions are the secondary infrastructure developed on top of an existing blockchain to alleviate the risks of scalability and efficiency. The layer 1 blockchain faced scalability issues with the greater adoption, which has led to high transaction costs and time. To resolve this issue, layer 2 solutions were developed. The main purpose of the layer 2 solution is to enhance the scalability by processing off-chain transactions and porting the final settlement to the base layer for final validation. This eventually aids in minimizing the transaction costs and reduces latency while maintaining the security and decentralization of the underlying blockchain. Hence, businesses are opting for layer 2 solutions to enhance their performance. If you are looking to do the same, then connect with the best blockchain development company in the market that offers layer 2 solutions, aligning with your business needs.