🦯L2 Solutions

Layer-2 solutions aim to address the core issues of blockchain. Here are the main problems that L2 aims to solve:

① Throughput: With the growth of decentralized applications (DApps) and DeFi, many blockchains often suffer from network congestion. L2 solutions increase throughput by creating a secondary network on top of the main chain, allowing more transactions to be processed in a short time.

② Transaction Fees: When the main chain network is congested, transaction fees can skyrocket. This makes many small-value or frequently traded applications impractical. L2 solutions can significantly reduce transaction fees, making them affordable for more users and applications.

③ Speed: On the main chain, transactions need to wait for at least one block's confirmation, which can take several seconds to minutes. L2 solutions can provide near-real-time transaction confirmations.

④ Interoperability: Some L2 solutions aim to provide interoperability with other blockchains or L2 networks, allowing assets and data to flow between different networks.

⑤ Privacy: Some L2 technologies (e.g., zk-Rollups) offer enhanced privacy features, making transaction details invisible to external observers.

⑥ Flexibility: L2 solutions provide developers with more tools and frameworks, enabling them to create more complex and customized DApps.

This is the reason for building a layer-2 scalable infrastructure based on the PEGO chain, and in this context, PGDash was created based on PegoChain. This L2 solution aims to improve blockchain scalability, reduce costs, increase speed, and, in some cases, enhance privacy and interoperability, thus expanding application scenarios.