gas: Top 10 L2 solutions review

gas: 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 avatarNicolas Glacet

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)

article avatarUnique Taylor

fun out going person

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

DeversiFi because its the easiest way to access DeFi opportunities and you can send tokens without paying gas fees and you can exchange so many different tokens

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

Im not so fully sure which one i would want to watch.. so all of them would be good to watch because you do not know what mite happen if you watch all of them

article avatarAbegail Prado

Teacher

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

Arbitrum is the one L2 solutions that I love because it was very cheap in gas and very smooth and convenient to use. It was amazing and the feature is very attractive

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

I recommend to watch zksynk because there is a lot of incoming best features that will be beneficial to user and the community. I love to watch as they provide best satisfaction to their user.

article avatarChiamaka Bernard

cryptolord and analyst

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

Abitrium, they reason for abitrium is that most often the network allows access to change from one Chain to another especially bridging network and it efficiency and gas fees are always worth trading on.

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

OMG network ($OMG) is actually the right choice not by preference but for anything,it allows easy transfer of Ethereum Process in transaction to outside the Ethereum mainnet with convenience.

article avatarAmit Patil

nftjag.com | Co-Founder CEO @ WhiteCOde

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

I would choose Arbitrum, as provides a better solution to Ethereum by increasing the transaction speed and lowering the gas fees. Gas fees are the biggest challenge with the Ethereum

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

I would recommend watching the Loopring project, as it gets the data from the network and provides it in a compacted format. It helps in maintaining the privacy of the transaction owner as well.

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 avatarHabibu Abdullahi

Developer Associate

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

I will prepare Arbitrum, because always it important to be using the most established and battle tested project. Also Arbitrum from the security(risks) point of view it is the only Fraud-Proofs among the top 10.

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

I will recommend Immutable X, the project has a great promise of delivering zero gas fee, in the NFTs and other on-chain transaction. Source: https://www.immutable.com/ However, the token has a lot potential although we are at the bear market, but looking its performance, definitely worth watching. The above mentions are my own opinion, kindly do your own research (DYOR)

article avatarJeremiah David

Full stack developer and a block chain specialist.

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

Arbitrium would be a considerably fair solution. Because it allows network bridge between two chains of different Projects or network with low rates.

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

Matic, it is a polygon project that supports network bridge specifically L2 projects and does so without glitch. without sufficient gas it doesn't work for other networks.

article avatarMwila Wise

General Manager @ Excoincial Exchange

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

Arbitrum network is my best L2. ARBITRUM being a layer 2 solution solves the hardships Ethereum Network is having like issues of scalability, transaction cost which are cheaper (gas fees) and faster/speed transactions.

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

Immutable X and Optimism are highly hyped projects which even the adoption is likely to be easy by financial institutions for they also have capabilities of taking the NFT, Defi and metaverse worlds into the next level like web4 and web5 not only web3.

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

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