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Promising Future of Layer 2 Protocols in Enhancing Blockchain Efficiency

Promising Future of Layer 2 Protocols in Enhancing Blockchain Efficiency
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A New Round of Crypto Evolution

Place/Date: - April 6th, 2021 at 12:08 pm UTC · 4 min read
Source: Central Bank of China
More and more companies that belong to the traditional sector of the economy began to use cryptocurrency. They are also actively involved in the development of digital coins for internal mutual settlements. One of the pioneers of this technological race is the bank JPMorgan, which launched its own blockchain network for instant payments on February 15, 2919. Already 2 weeks after this happened, the Swiss Dukascopy Bank began its activities and issued digital tokens of the ERC-20 standard, and on the first day of spring a stablecoin pegged to the Japanese yen was issued by one of the financial giants of the Land of the Rising Sun Mizuho Financial Group. In the wake of this popularity, the social networks Vkontakte and Facebook decided to take part in this, and after a while the Central Bank of China announced the creation of its own cryptocurrency. ....

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