eth: Top 10 L2 solutions review

eth: Top 10 L2 solutions review

< Show Wisdom Collection: Top 10 L2 solutions reviewarticle avatarAnupam Singh

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

article avatarleven rudolf

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

article avatarAleksander D.

Entrepreneur, crypto investor, programmer

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

I like much more Optimism among those represented this list. Because they have more convenient bridge solution in compare with Arbitrum for instance, a wide list of tokens could be bridged in one click, not ETH only. Also it has a large ecosystem with many different App supported, such DeFi, swaps, NFT markets, wallets, i.e. there are everything to satisfy user's daily needs.

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

I suggest to watch dYdX too, despite it's too specific. There are not so many of decentralized trading exchanges around and dYdX is one of them, but a huge of people are still interested in perpetual contracts trading, margin trading and other derivatives. So, their service should have a certain demand at least in a short&medium prospective, until more of competitors appear, and this mean that there is a good chance the price their native token dYdX could grow from it's current ~$1.65, that is near the ATL. So, you might earn either by perpetual trading there or by a simple buy&hold of dYdX token.

article avatarChow Crypto

Admin project

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

optimism because of the low cost of gas and fast and very easy to bridge from ETH L1 to ETH2. and the most important thing is that they are a great team supported by vitalik

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

optimism and arbitrum because the two projects are currently in the L2 hype, maybe in the future there will be many who are included in the two projects

article avatarezha fericko yudhian

slice n dice

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

i think most of them really efficient, fast, and low fee compare with eth, Hard to choose one of them because they have their own characteristics

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

i dont really know about l2 honestly, i just check them sometime, they have their own characteristics, own purpose, vision, overall i like them all

article avatarAgus oleng

Crypto

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

arbitrum, because fee cheap and fast for transaction, and big exosystem use arbitrum network, so i choise arbitrum network for solution eth mainet

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

Optimism, because they have big investor and aslo they have Token OP and now already list on some market exchange so yes choise Optimism for L2

article avatarGerald Gregore Zoleta Zoleta

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.

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