Making Sense of Based Rollups on Bankless
For our purposes here, we will just draw a simple distinction between L1s and L2s:
- L1 – Network relies on its own dedicated operators.
- L2 – Network relies on the operators of another network. It may or may not have its own dedicated operators in addition to these.
Jon Charbonneau • L1 & L2 Token Value Capture - DBA
nodes can verify the partial state without needing to download the entire state history. This makes transactions in Ethereum much faster, more efficient, and allows for greater scalability of the platform.
Artemis Caro • Blockchain: Bitcoin, Ethereum & Blockchain: The Beginners Guide to Understanding the Technology Behind Bitcoin & Cryptocurrency (The Future of Money Box Set)
entire blockchain on their devices. Instead, they only store a partial copy of the blockchain on their devices, making them what are known as lightweight nodes. They rely on other people to run full nodes, or computers that store the entire blockchain, to validate transactions and make sure they have the latest blocks on the blockchain.
Neel Mehta • Blockchain Bubble or Revolution: The Future of Bitcoin, Blockchains, and Cryptocurrencies
Because P2C is private by default, we can’t know how often it is used for its original purpose—in theory every payment could be using it, although we consider that unlikely. However, P2C is widely used today in a slightly different form, which we’ll see in “Taproot”