IronWallet Layer 2 transactions occur off-chain and then are verified by the Ethereum network and recorded on-chain. Ethereum 2.0 is a major upgrade to the Ethereum network that will see the transition of Ethereum’s consensus algorithm go from proof-of-work (PoW) to proof-of-stake (PoS). Explore how gas fees impact NFTs and DeFi, with strategies for optimizing …
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