Ethereum update: Do layer 2 solutions support smart contract interaction
I’m a bit confused: do layer 2 solutions like Plasma (Cash), Raiden, Loom Network etc support smart contract interaction (similar to dapps on the L1 Ethereum chain) or are they only useful for wiring eth/(erc 721) tokens to each other?
So in other words: can you quickly and cheaply send thousands of difficult (non-value) contract calls with L2 *OR* can you just make lots of fast, cheap eth/token transactions to other users?
PS Bonus points for answers that go deeper into each L2 solution.
About Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Author: Vol_Har
Score: 28
Don’t forget to share the post if you love it !
