What role does Layer 2 play in the growth of cryptos?

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What role does Layer 2 play in the growth of cryptos?

In recent years, blockchain has emerged as one of the world's most intriguing emergent technologies. Layer 2 is the moniker given to all blockchain scaling solutions that are constructed on a layer behind the blockchain's main net. Ethereum Plasma and Bitcoin Lightning Network are two important examples of layer 2 solutions. 

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