Zecrey
  • Introduction
  • Zecrey Onepager
  • Announcements
    • Zecrey Public Testnet Announcement
    • Zecrey Testnet Beta Internal Test Announcement
    • Zecrey Ambassador Program Annoucement
  • Go & JS SDK Basic Guides
    • 1. Install and Initialize
    • 2. Get Data
    • 3. SDK Signature
    • 4. Register Users
    • 5. Mint Assets
    • 6. Creating Orders
    • 7. Match Orders
    • 8. Asset Deposits
    • 9. Asset Transfers
    • 10. Asset Withdrawals
    • 11. Full Exit
    • 12. Demo of SDK Calling
  • Education
    • Zecrey Video Guide
    • Concepts Explained
      • Crypto Knowledge
        • Layer 1 (L1)
        • Layer 2 (L2)
        • ZK-Rollup
        • Gas Fee
        • NFT
      • Zecrey Basics
        • Multi-chain asset management
        • Zecrey L1 wallet
        • Zecrey Legend L2 wallet
        • Zecrey Zero L2 wallet
        • Deposit
        • Withdraw
        • Zecrey DEX
      • The State of Transactions
    • Get Started
      • How to import an account?
      • How to create a new account?
      • How to receive and send assets with QR code?
      • How to export the private key?
      • How to export the recovery phrase?
      • How to use Zecrey NFT Marketplace?
      • How to adjust the gas fee?
      • How to check my transaction record?
      • How to manage my contacts?
      • How to set the language?
      • How to give feedback?
    • FAQs
  • Product Handbook
    • Zecrey Products Introduction
    • Set up your Zecrey Wallet
      • Download and Install Zecrey
      • Create a New Wallet
      • Import an Existing Wallet with Mnemonic
      • Claim Test Tokens for Testnet
      • Testing Requirements
      • Rewards for Phase II Testnet
    • Zecrey L1 Wallet
      • Multi-chain Assets Management
      • L1 Transfer
      • Deposit
      • L1 NFT Management
        • View NFT Assets
        • L1 NFT Transfer
        • NFT Deposit
    • Zecrey Legend L2
      • L2 Account Registration
      • L2 Transfer
      • Withdraw
    • Zecrey NFT Marketplace
      • Explore NFT Marketplace
      • Connect Zecrey Extension to NFT Marketplace
      • Create NFT Collection
      • Mint NFT
      • Buy NFT
      • Sell NFT
      • Transfer NFT
      • Withdraw NFT
      • View NFT Assets
      • Manage NFT Transactions
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  1. Education
  2. Concepts Explained
  3. Crypto Knowledge

Layer 2 (L2)

On Layer 2 networks, transaction fees will be drastically reduced by packing multiple off-chain transactions into a single L1 transaction, making it easier for everyone to participate in Ethereum. The L2 network blockchain settles transactions on the Ethereum mainnet, enabling users to benefit from the security of the Ethereum network. As transactions per second (TPS) increases, transaction fees decrease, and new technologies develop, new applications will emerge within the ecology and boost user experience. The Ethereum ecosystem stays steadfast in supporting L2 networks because L2 network scaling is the only way to solve the scalability trilemma while maintaining decentralization and security. Zecrey is an outstanding Layer 2 privacy protocol utilizing cutting-edge zk-Rollup technology.

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Last updated 2 years ago

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