blockchain: Top 10 L2 solutions review

Sales Leader | Strategist | Revenue Growth in B2B SaaS | Sales Operations Leadership

Which one of the following solutions would you choose and why?

The value proposition of having a L2 solution was to take care of the ever increasing problem of increase in traffic, leading to congestion & increased price of transactions over primary blockchain solutions like ETH. In terms of the current market & the scope of L2 as a parallel market even after ETH 2.0 upgrade, I see that Immutable X will lead the way around L2 solutions in a big way, primarily for the following reasons- 1. It is the go to network for NFT based platforms due to no gas fees & high TPS of 9000 with instant confirmation 2. Strong partnerships with projects like GameStop( gaming), Tiktok, illuvium, High-rise, Greenpark sports, Planet Quest, God's Unchained & ESL gaming to name a few 3. Their permission less decentralised Zero Knowledge protocol offered over platform using a validity based proofing mechanism via the StarEx & StarNet initiatives

Which L2 projects would you recommend to watch and why? (except given)

The other L2 projects which I would like to suggest as promising ones are the following ( in their order of preference)- 1. xDai chain 2. Loopring- LRC xDai is my most recommended project after Immutable X for the following reasons- 1. It makes NFT trading just as affordable as Immutable X 2. It's a stable coin which is pegged to USD pricing & has hidden value within the coins locked as part of proof of stake- PoS 3. High transaction processing efficiency (5 seconds transaction time) when compared to primary blockchain solutions like ETH which takes several minutes The reasons for suggesting for LRC are the following- 1. It counters other L2 solutions like arbitrum & optimism which are based on optimistic roll outs thereby leaving the success & security of the system subject to network participants to act in good faith. LRC is based on ZK rollouts 2. ZK approach provides for greater data throughput due to reduced transaction volumes 3. Transaction validity remains inherent hence the withdrawal process is highly efficient when compared with an optimistic roll out based coin 4. It's unique circular DEX based rings provides for executing 16 individual orders with no dependency over a buyer seller pairing , thereby providing for better liquidity & price discovery

N/A

Which one of the following solutions would you choose and why?

Optimism as it clearly answers one of the weaknesses of today's Ethereum blockchain by enabling faster transactions with lower gas fees. If done well, it can make the blockchain sustainable which is not the case currently in my humble opinion

Which L2 projects would you recommend to watch and why? (except given)

I would keep an eye on Arbitrum (because of the people involved) Loopring (because of the concept of ZK rollups) & Immutable X (because of its specialization in NFTs)

UX Developer

Which one of the following solutions would you choose and why?

Arbitrum low network transactions fees deployable interface for dapps adopted by many at its earliest stages. it has potential to be working alongside eth network

Which L2 projects would you recommend to watch and why? (except given)

Solana Solana is a decentralized blockchain built to enable scalable, user-friendly apps for the world.Solana is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with thousands of projects spanning DeFi, NFTs, Web3 and more

Social Media Evaluator/ Cryptocurrency Trader

Which one of the following solutions would you choose and why?

Optimism catches my attention because first it is much cheaper among other "ethereum killer" blockchain and it becoming more popular thanks to its airdrop for their early user. The way it handle the transaction is much more efficient that even Vitalik , the ethereum founder greatly praised Optimism's governance structure.

Which L2 projects would you recommend to watch and why? (except given)

I think i may recommend Optimism. This L2 project does have a big potential. The structure of the governance is commendable. It may help us for more cheaper transactions.

Psychologist

Which one of the following solutions would you choose and why?

I would choose Arbitrum since I've heard and tried it before. It is safe and fraud proof. Easy to use with its high popularity in the blockchain system.

Which L2 projects would you recommend to watch and why? (except given)

As I have read and checked other projects I would say Optimis and dYdX seems to have potentials. They are still in development and they may worth to check them out.

dev

Which one of the following solutions would you choose and why?

Arbitrum, the fees are very low and the concept is highly thought. Rewards are also at great level on this plateform. Easy to understand and to use, it is for begginers and confirmed users.

Which L2 projects would you recommend to watch and why? (except given)

I think the best one is polygon (matic) because in addinion to be a L2, it becomes a blockchain entierly. Many projects are built on polygon, and a great netx is happening.

Engineer

Which one of the following solutions would you choose and why?

Arbitrium because is the main L2 solution if we take into account its total value lock. It's also based on the main L1 blockchain, Ethereum. Compared with others competitors, Arbitrium is fast and scalable (40.000 TPS), cheap to use, EVM compatible and developer focus.

Which L2 projects would you recommend to watch and why? (except given)

Lightning Network should take into account because it can provide the boost Bitcoin needs for becoming the global payment system on the future web3 world.

Freelancer

Which one of the following solutions would you choose and why?

Arbitrum ofcourse. This the alternate for ETH. Definitely this is a big help for ETH inorder for the Ehereum blockchain not to be congested. I really love this.

Which L2 projects would you recommend to watch and why? (except given)

Arbitrum ofcourse. This the effective alternative for Ethereum blockchain. Its same efficient with Ethereum. You can use this also for Dex. Very happy to have this L2

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.