Ethereum
Buterin Shares Crucial Details On Verification Of L2 Transactions
Credit : coinpedia.org
Writer: Nidhi Kolhapur
Nidhi Kolhapur 
Writer
August 24, 2024 5:29 PM
Nidhi Kolhapur
Writer
Vitalik Buterin has shared his views on how verification for Layer 2 transactions is carried out. In line with Buterin, Ether L2 inherits the L1 safety, which means belongings on the L2 are secure and could be withdrawn so long as the L1 is secure. He had beforehand highlighted that each Layer 1 (L1) and Layer 2 (L2) options on Ethereum verify transactions in seconds, with L2 transaction charges being lower than $0.01, easing considerations about excessive charges. He additionally pointed to the success of outstanding initiatives inside the Ethereum ecosystem, which confirmed vital progress and practicality.
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