Dogechain Explains - Layer-2 Blockchains ⛓ 🖌 Base layer networks like Bitcoin, #Dogecoin, or Ethereum were created with security and decentralization in mind. That said, their scalability or usability can be somewhat lacking. 🍾 Layer-2 blockchains are off-chain solutions created to reduce scalability or utility bottlenecks of the underlying leading chains. The purpose of these chains is to assist in validating transactions or providing smart contract computational capacity for the main chain. This allows for minimizing the tasks handled by the base layer, allowing the network to process transactions faster. 🏃 💨 🎚 Consequently, they are essential to scaling blockchain technology for mass demand and setting the industry up for seamless growth in the future. 🥜 In a nutshell, they offer: 🔸 Lower fees: layer-2s bundle multiple off-chain transactions into a single layer-1 transaction, which helps reduce the data load and costs. 💸 🔸 More utility: Through the combined advantages of higher throughput and lower fees, layer-2 projects can focus on improving user experience and expanding the scope of applications. 🔭 ☝️🐶 Did you know that Dogechain acts as a smart contract layer-2 for Dogecoin? It allows $DOGE holders to use #DOGE as gas and access a new world of DeFi, NFTs, and blockchain games. ♻️

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Dogechain is bringing DeFi & long awaited utility to Dogecoin. Join the family! 🚀 Website I Twitter I Discord I TikTok I Reddit I Blog I Instagram