Blockchain has come a long way over the last couple of years as demand increases.
Layer1 laid the groundwork and layer2 has been exploring new opportunities including bridges across multiple blockchains.
First came Layer1, which represented the main blockchain architecture, with names such as Bitcoin and Ethereum, which see transactions settled directly on their own networks. Then came Layer 2, which was created to solve the problems of scalability as well as sluggish execution speeds, poor energy efficiency and exorbitant gas fees on the Layer 1 chains.
Layer2 is an overlaying network, with chains that sit on top of Layer 1 and can interact with them through bridges. So for instance with Bitcoin, Lightning Network is the Layer 2 Chain. That means transactions can be made through these second Layer chains and the instrument can be moved back and forth from the Layer1 chain when needed while using the advantageous conditions of the Layer2 chain. However, the Lightning Network as on
