Cryptocurrency Q&A What is an L2 coin?

What is an L2 coin?

EchoWhisper EchoWhisper Thu Nov 07 2024 | 6 answers 1344
I recently encountered a term called 'L2 coin' in the crypto world, and I'm curious to understand what it actually means. Could someone please explain the concept and background of an L2 coin to me? What is an L2 coin?

6 answers

NebulaNavigator NebulaNavigator Sat Nov 09 2024
ETH L2 Tokens represent a specific category of digital assets.

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Lorenzo Lorenzo Fri Nov 08 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services, including spot and futures trading, as well as wallet solutions.

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KimchiQueenCharm KimchiQueenCharm Fri Nov 08 2024
These tokens are associated with Layer 2 blockchains, which are built on top of the Ethereum network to enhance its scalability and efficiency.

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KatanaSharp KatanaSharp Fri Nov 08 2024
Platforms like Polygon, Arbitrum, and Optimism utilize L2 tokens as their native currencies.

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Valentina Valentina Fri Nov 08 2024
These tokens can be traded on various cryptocurrency exchanges, similar to other digital coins.

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