what is the term for processing transactions in layer 2 and periodically recording the proofs on the decentralized main network
What is the term for processing transactions in layer 2 and periodically recording the proofs on the decentralized main network?
Answer:
The process described as processing transactions in layer 2 and periodically recording proofs on the decentralized main network is commonly referred to as “Rollup.” Rollups are a scaling solution for Ethereum that batch transactions off-chain, process them, and then record the outcome on the Ethereum blockchain. This approach helps reduce congestion on the main Ethereum chain while still ensuring security through periodic validation of proofs. There are two types of rollups: Optimistic Rollups and ZK-Rollups, each with their unique mechanisms for achieving scalability while maintaining security and decentralization.