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📅 End at: July 9, 16:00 UTC
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Concluding my explanation on ETH Layer 2:
Layer 2 refers to a scaling solution built on top of the Ethereum blockchain. However, as the use of Ethereum grew, it faced scalability issues, leading to network congestion and high transaction fees. Overall, Layer 2 solutions and the Ethereum upgrade are crucial developments aimed at improving the scalability, efficiency and usability of the Ethereum blockchain, allowing it to support a wider range of decentralized applications and uses.
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