🔗Blockchain

BitDemon's Layer 2 blockchain on Ethereum provides faster and cheaper transactions and supports complex smart contract applications, giving it a competitive edge in the market.

In order to address the scalability issues of the Ethereum network, BitDemon will be developing its own Layer 2 blockchain solution, which will be forked on top of the existing Ethereum network. This blockchain will enable faster and cheaper transactions compared to the main Ethereum blockchain, while still maintaining security through the use of Ethereum's consensus mechanism.

Benefits of Layer 2 Blockchain

The main benefits of a Layer 2 blockchain are increased scalability, faster transactions, and reduced transaction fees. By conducting most of the transaction processing off-chain, the network can handle a larger volume of transactions while still maintaining the same level of security as the main blockchain.

Standout Among Competitors

BitDemon's Layer 2 blockchain will enable faster and cheaper transactions compared to its competitors, which will provide a better user experience for traders and investors. Additionally, it will enable BitDemon to support more complex smart contract applications and decentralized finance protocols, which will attract more users to the platform.

Development Roadmap

The development of the BitDemon Layer 2 blockchain is currently in progress and is expected to be completed in the near future. The roadmap includes testing and integration with the BitDemon Exchange and other applications in the ecosystem. Once the blockchain is fully operational, users will be able to take advantage of the faster transaction speeds and lower fees on the Bitdemon platform.