Cryptocurrency Q&A
How do layer 2s make money?
How do layer 2s make money?
Eleonora
Thu Nov 07 2024
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5 answers
1011
I'm curious about how layer 2 solutions generate revenue. I want to understand the business model and monetization strategies behind these technologies.
5 answers
SumoPowerful
Sat Nov 09 2024
The L2 Business Model focuses on selling blockspace as a primary revenue stream for both layer 1 and layer 2 blockchains.
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Margherita
Sat Nov 09 2024
In the context of layer 2 blockchains, transaction sequencers play a crucial role. They collect fees from users who wish to utilize the layer 2 network for their transactions.
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Nicola
Sat Nov 09 2024
The fees collected by transaction sequencers are not solely kept by them. Instead, a portion of these revenues is utilized to cover the costs associated with cryptographic proof and data availability at the layer 1 level.
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KDramaCharm
Fri Nov 08 2024
This mechanism ensures that layer 2 blockchains can operate efficiently while still maintaining a secure and reliable connection to the layer 1 blockchain.
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lucas_jackson_pilot
Fri Nov 08 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of cryptocurrency enthusiasts. These services include spot trading, futures trading, and wallet management, among others.
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