Mega Ethereum has launched its mainnet as a Layer-2 blockchain project, promoting itself as a “real-time blockchain.” Designed to handle up to 100,000 transactions per second, the project aims to make on-chain interactions feel closer to traditional web applications compared to current crypto networks. Ethereum is widely known for its smart contract capabilities, but its existing blockchain faces scaling challenges that impact transaction speed and costs. Various Layer-2 solutions have been introduced to address these issues by processing transactions off the main chain to improve performance, and Mega Ethereum is seen as a significant step in this direction. Following the mainnet launch, Mega Ethereum intends to offer users faster and more cost-effective transactions, potentially aiding broader adoption of cryptocurrency. This development could reduce the load on the Ethereum network and enhance the performance of decentralized applications (DApps). Although still in early stages, the successful implementation of this technology may help overcome Ethereum’s scaling problems. However, users and investors should remain cautious of potential technical and security risks, as Layer-2 solutions can present unique challenges compared to the main network. Mega Ethereum’s advancement is regarded as a positive change in the crypto market, likely to expand the capabilities and usage of the Ethereum mainnet.
Source: coindesk
