Ecosystem
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Demask Finance will run on Layers-2 solution on Ethereum Network
DeMask Finance runs on layer 2 of EVM, and offers several advantages, here are some reasons why you may choose this approach:
Scalability: Layer-2 of EVM is built on technology, which addresses scalability challenges on Ethereum. Multiple transactions can be batched and executed quickly on Layer 2 before being recorded as a single data structure on the Ethereum main chain. This improves scalability and reduces the load on the Ethereum network.
Privacy: Transaction data is not publicly disclosed on the public blockchain; instead, only proofs demonstrating the validity of the transactions are presented. This safeguards user information and provides trust and privacy within the system.
Fast confirmation times: By utilizing layer 2 of EVM, transactions can be confirmed quickly without having to wait in lengthy queues on the Ethereum main chain. This enhances the user experience, reduces waiting times, and minimizes transaction fees.
Composability: dApps developed on layer 2 of EVM can benefit from the interoperability of Ethereum. Users and developers can leverage smart contracts and applications built on the Ethereum main chain and easily interact with Layer 2 of EVM applications. This creates a rich dApp ecosystem and enhances interaction between applications.
In summary, developing dApps over layer 2 of EVM provides scalability, privacy, and interoperability with the Ethereum main chain, delivering an improved experience for users and facilitating the building and deployment of decentralized applications.
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