German multinational investment bank Deutsche Bank is reportedly looking to establish a Layer 2 solution on the Ethereum network. This move is aimed at enhancing the efficiency and scalability of transactions within the Ethereum ecosystem. Layer 2 solutions are designed to alleviate congestion on the main Ethereum network by processing transactions off-chain before settling them on the main blockchain. Deutsche Bank’s initiative is a testament to the growing interest in blockchain technology and its potential to revolutionize traditional financial systems.
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