layer 2

What Are Polygon Stablecoins? A Simple Definition Polygon stablecoins are price-stable digital currencies that operate on the fast and low-cost Polygon network. They provide a dependable way to use blockchain applications without the extreme price volatility common to other cryptocurrencies....

Why Add L2 Networks like Arbitrum, Base, and Optimism? Before we jump into the steps, let's quickly cover why you'd want to venture beyond the Ethereum mainnet. Think of Layer 2 networks, or L2s, as express lanes built on top of Ethereum. They process transactions on their own chain, which...

What Are NFT Gas Fees? NFT gas fees are transaction costs paid to have your NFT mint, sale, or transfer processed and recorded on a blockchain like Ethereum. Think of the Ethereum network as a massive, busy digital highway. Every action you take, from buying a collectible to minting an NFT , is...

What Is L2 Airdrop Farming (And Why Should You Care)? L2 airdrop farming is the process of strategically interacting with Layer 2 blockchain protocols that have not yet released a token. The primary goal is to qualify for a future free distribution of their native token, known as an airdrop, by...

What Is an L2 Withdrawal? (Plain-English Definition) An L2 withdrawal is simply the process of moving your crypto funds from a faster, cheaper secondary network — called a Layer 2 , or L2 — back to the main Ethereum blockchain, which is known as Layer 1 , or L1. An L2 withdrawal is like sending...