Scalability has always been a big question in the blockchain world, especially for public blockchains like Ethereum. While Ethereum does run much faster than other proof-of-work blockchains such as Bitcoin (BTC), Litecoin etc. its complete transactions per second (TPS) remains very slow at around 7-15. The longer time to complete the transaction & paying for each basic function is very expensive and make the user experience poor. So, in order to be ready for enterprise-class applications, the Ethereum network needs to enhance its transaction processing speed on an extra-large scale and this can be accomplished by Ethereum layer 2 scaling solutions.
Generally, when it comes to scaling Ethereum or blockchains, there are 2 major ways available to deal with the scalability issue - scaling the base layer itself (Layer 1) or scaling the network by offloading some of the work to the different layer – Layer 2.
On-chain scaling - Improves the base layer blockchain
Off-chains Scaling - A layered approach with multiple protocols working together
A detailed evaluation of these solution options indicates a high probability of success if the right combination of options is selected.
Multiple projects provide implementations of layer 2 solutions that you can integrate into your dapps:
Polygon
(MATIC Network)
OMG Network
Optimism
Loopring
XDia
Financial transactions
Trading solutions
Security assessment
eLearning program management
Student management
Knowledge assessment and certification
Payments
Marketplaces
Supply chain management
B2C transactions
PHI management
Healthcare payments
Care delivery workflows
Real Estate Blockchain Solution
Other Solutions
Financial transactions
Trading solutions
Security assessment
eLearning program management
Student management
Knowledge assessment and certification
Payments
Marketplaces
Supply chain management
B2C transactions
PHI management
Healthcare payments
Care delivery workflows
Real Estate Blockchain Solution
Other Solutions
We are one of the blockchain pioneers in India focusing exclusively on building products based on innovative technologies and helping businesses to reach their business goals with the right blockchain solutions.
Proven engineering experience
We have proven engineering experience in developing turnkey solutions and successfully accomplished production-grade blockchain development projects.
Build Integrity & Transparency
We believe in building trust and 100% transparency with our clients. So, we follow strict NDAs and keep your idea safe and always keep you updated about project status.
Cross-cutting knowledge
Along with vast experience, our Ethereum developers are part of the core Ethereum development community & comprehend the updates & changes happening on Ethereum Blockchain in advance.
Deliver Perfect Solution
We always focus on building the right solution using the right technology that resolves user’s business challenges and enhances business growth while taking care of our client’s budgets.
As one of the top IT outsourcing companies, we offer 360° software development services that transform our client's vision into actionable software solutions to accelerate their businesses growth.