![]() ![]() This is where we re-introduce ourselves to Celer. ![]() These solutions leave the base-layer alone and create protocols on top of it. Layer 2 solutions are scalability solutions built on top of the existing base blockchain. ![]() Having a small number of nodes sure increases the speed, but it also makes the system more insecure and centralized. However, this solution goes against the principle of decentralization. These nodes are in charge of the consensus and overall network well-being. In these algorithms, there are specific nodes in the network which are considered more potent than the rest. The other approach that people have been taking is to use leader-based consensus algorithms. Bitcoin Cash is just 10-15 times faster even though Bitcoin’s block size is 1 MB and Bitcoin Cash has an adjusted block size of 32 MB.
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