Thinking About Layer 2 Protocols from a Bridge Perspective
- "Bridges" have different security/threat models - Solutions that enhance network scalability through off-chain protocols have sparked a wave of enthusiasm in the cryptocurrency community. These solutions enable the vast majority of transaction processing tasks to be transferred from Layer 1 blockchain to off-chain systems, thereby bypassing all the fees and latency issues of Layer 1 blockchain. What is a "Bridge" In this article, I want to discuss a component that is fundamental to all off-chain protocols.