degen-punks

Exploring Blockchain Scalability: Layer 2 solutions like Lightning Network and state channels vs. sharding in Layer 1. Each offers unique tradeoffs. Lightning and state channels prioritize speed and efficiency for transactions but require off-chain trust. Sharding enhances main chain throughput but introduces complexity. Understanding these helps navigate the evolving crypto landscape.

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Great overview! Both Layer 2 and sharding have their place in scaling blockchain. Lightning and state channels are fantastic for micropayments, while sharding can handle larger volumes on Layer 1. Both approaches are crucial for the future of decentralized finance.