transaction: 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)

Driver

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

Optimism It is almost a completely new project. He rewarded his participants quite well. He is fast in the transaction, as well as Vitalik Buterin appreciates him

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

After the optimism I think we should keep an eye on ArbiTrum. At least for the fact that with great probability it will also make rewards. God loc.

A farm and a laboratory that utilize blockchain technology for genetic purposes.

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

Arbitrum network. First time I use L2 arbitrum network here with experty.io. Low costs transaction definitely is an advantage. Arbitrum has their own cross layer bridge well functioning.

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

By myself I'v used only arbitrum network till now. Other L2 solutions will be adding to my list for exploration. Obviously all of the items deserve to be watched.

Chiamaka Bernard

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.

Retired

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

Zksync is where i prefered to , the apps is smooth in transaction and i never had any problem by using it. Many of my friends were using zksync as well.

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

I think optimism , They offer an airdrop and patiently waiting again another incoming airdrop.They have many project that trusting their network.

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.

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.

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)

Investment Specialist,Crypto Currency Specialist,Analyst

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

Arbitrum because from the very beginning it has built very good trust with excellent recommendations. Arbitrum is a big very serious project and their upcoming token should be a real boom in the Crypto world.

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

Polygon. It is an excellent crypto blokchain and a very good proof is the use of Polygon in many crypto projects. Polygon has an extraordinary speed of transactions and it is no coincidence that Coinbase included Polygon in its exchange office.

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