Layer-1 crypto project The Open Network (TON) is announcing plans to launch a layer-2 payment chain as a top priority for ...

A secondary network to Ethereum that is used for faster transaction processing and especially much lower fees. Periodically, summaries of transactions from Layer 2 are recorded on Ethereum.

Polkadot-based parachain Phala has launched its Ethereum layer-2 network to expand its reach. The move continues the trend of new rollup networks on Ethereum and marks an advancement in rollup ...

State channels can be bi-directional and also handle another party if channels have previously been opened. Bitcoin's Layer 2 Lightning chain uses state channels (see Lightning Network).