Blockchain technology is a distributed ledger system that allows for secure and transparent transactions to be conducted without the need for a central authority. Level 2 solutions are designed to improve the scalability and efficiency of blockchain networks by using off-chain transactions and other techniques.

Level 2 solutions have the potential to revolutionize the way we think about transactions and ownership in a variety of industries, including finance, real estate, and healthcare.

Overall, blockchain technology and level 2 solutions offer numerous benefits, including increased security, scalability, and efficiency.

Works Cited:

Tapscott, Don, and Tapscott, Alex. "Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies Is Changing the World." Penguin, 2016.
Poon, Joseph, and Dryja, Thaddeus. "The Bitcoin Lightning Network: Scalable Off-Chain Instant Payments." Bitcoin Whitepaper, 2016.