How Are Layer 2 Solutions Solving Blockchain Trilemma?

Carret19 Aug, 2024Finance

The blockchain trilemma, a concept introduced by Ethereum creator Vitalik Buterin, presents a challenging scenario where blockchain systems struggle to achieve three key properties simultaneously: scalability, security, and decentralization. Historically, enhancing one of these aspects often comes at the expense of the others. Layer 2 solutions, however, offer a ray of hope, providing innovative methods to balance these properties effectively.