The Investigation of Layer 2 Blockchain Technologies for Decentralized Applications

Yuchun Yi

2024

Abstract

Layer 2 blockchain technology plays a pivotal role in enhancing the scalability and efficiency of existing blockchain frameworks. It acts as a crucial layer atop base blockchains, enabling rapid, cost-effective transactions crucial for Decentralized Applications (DApps) while preserving the security and decentralization of the primary blockchain. This review dives deep into the realm of Layer 2 blockchain technologies, shedding light on their significant role in the development and operation of DApps. It kicks off with a thorough exposition of the conceptual underpinnings of Layer 2 solutions, paving the way for a detailed examination of specific implementations across major blockchain platforms like Bitcoin and Ethereum. The paper explores how the most recent advancements in Layer 2 technologies are revolutionizing DApps, offering a balanced discussion of both the benefits and constraints these technologies bring to the table. A notable aspect of the paper is its focus on the distinct strategies employed by different platforms in integrating Layer 2 solutions. Furthermore, it provides illustrative examples of various DApps that have reaped the rewards of Layer 2 technologies, thus underscoring their wide-ranging applicability and immense potential in elevating the performance and user experience of decentralized systems. The paper wraps up with a forward-looking perspective, envisioning the future trajectory of Layer 2 technologies. Efficient cross-chain interactions, state-of-the-art privacy enhancements, and smart contract execution optimization are some of the technologies that will further revolutionize the blockchain.

Paper Citation

in Harvard Style

Yi Y. (2024). The Investigation of Layer 2 Blockchain Technologies for Decentralized Applications. In Proceedings of the 1st International Conference on Data Science and Engineering - Volume 1: ICDSE; ISBN 978-989-758-690-3, SciTePress, pages 326-333. DOI: 10.5220/0012837400004547

in Bibtex Style

@conference{icdse24,
author={Yuchun Yi},
title={The Investigation of Layer 2 Blockchain Technologies for Decentralized Applications},
booktitle={Proceedings of the 1st International Conference on Data Science and Engineering - Volume 1: ICDSE},
year={2024},
pages={326-333},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012837400004547},
isbn={978-989-758-690-3},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Conference on Data Science and Engineering - Volume 1: ICDSE
TI - The Investigation of Layer 2 Blockchain Technologies for Decentralized Applications
SN - 978-989-758-690-3
AU - Yi Y.
PY - 2024
SP - 326
EP - 333
DO - 10.5220/0012837400004547
PB - SciTePress