Time to meet Ethereum’s rollups

For non-technical readers: It is helpful to consider this concept before reading. There are several inter-changed terms. Layer 1 (L1) refers to the native blockchain, for example, Ethereum and Bitcoin. Mainnet also means layer 1, the environment where transactions are broadcasted, verified and recorded on the blockchain. On-chain means on layer 1; Layer 2 (L2) refers to a secondary network built on top of layer 1. Off-chain means out of Layer 1.

Every blockchain tries to balance the trilemma of decentralization, security and scalability. Among the ever-increasing L1…