Best Layer 2 Protocols for Android of 2024

Loopring is an open protocol that allows you to build scalable, non-custodial Ethereum exchanges. It leverages zero-knowledge proofs, zkRollup, to allow high-performance trading (high throughput and low settlement cost), without compromising Ethereum-level security guarantees. Throughout the trade lifecycle, users always have 100% control over their assets. Loopring allows you to trade on it. Loopring is an open-sourced and audited non-custodial exchange protocol. This means that no one in the Loopring ecosystem has to trust anyone else. With 100% Ethereum-level security guarantees, cryptoassets can be managed by users. Loopring is a highly scalable, decentralized exchange that batch-processes thousands of requests off-chain. This allows for verifiable correct execution via ZKPs. The performance of the underlying blockchains are no longer the bottleneck. Loopring is able to perform most operations, including order matching and trade settlement, using the Ethereum blockchain.

Liquidity allows you to manage your money and cryptocurrency coins better from anywhere you are. We can't freeze money like banks. We speak to customers like people, don't charge hidden fees, and place technology and research at its core. Users have full control over their funds, and user security is our top priority. The blockchain does not limit Liquidity Network's transaction speed. Liquidity Network allows gasless swaps and transfers. Developers can use the intuitive API to create usable dApps. Our work is openly available, based on peer-reviewed research. We hope to bring a secure and scalable solution for the community. The smart contracts of Liquidity Network are completely open-source and licensed under the GNU General Public License (v3.0). LQD is the main utility token used to pay Liquidity Network's services. Instant transfers, direct spending notifications and swapping cryptocurrencies are all possible. It's also a simple way to send money to friends and spend it.

Loom Network gives developers the flexibility and usability to create high-performance, user-facing dapps. Loom Network allows you to future-proof your app by deploying once to Loom. It integrates seamlessly to Bitcoin, Ethereum and Binance Chain. Loom Network is a multichain interop system that has been in production since early 2018. The network is optimized for scaling high-performance apps that require a smooth user experience. It allows dapps offer a UX comparable with traditional applications and onboard new customers without the need to download crypto wallet software. Developers can integrate assets from all major blockchains, and also create a dapp once and make it available to all users across all platforms. Developers can also use the token to pay for Loom Network dapp hosting. Developers pay a flat monthly fee to host dapps on Loom, which is different from Ethereum.

Blockchain-powered smart contracts cannot be accessed from the internet and are therefore isolated from the rest of the world. The smart contract's computation is also extremely expensive and limited in resource capacity. A Decentralized Oracle service supporting multiple heterogeneous blockchains. DOS Network provides real-world data, event, and computation power to smart contract in a secure and reliable way that is scalable, efficient, and scalable. Many scenarios, such as flight delay insurance, can be automatically indemnified by DOS Network by bringing externally insured events to the onchain insurance contract. To obtain reliable and verifiable price feeds for stablecoins or crypto derivatives, DOS Network must be used frequently. DOS Network allows crypto lending platforms to easily access token exchange rates, import borrower's social media data, and instantly determine interest rates.

DAppChain, TRON's sidechain project, is called DAppChain. DApps can now operate on TRON with lower energy consumption and faster speeds. This will allow for unlimited capacity for TRON’s main network. The sidechain uses the same DPoS consensus as the mainchain. It supports smart contracts, as well as almost all the functions of the mainchain. TRON users can easily adapt the sidechain to their needs. Developers can migrate existing DApps or create new ones on the sidechain. DAppChain is committed providing ecosystem participants with a flexible, well-configured and highly customized network of multiple sideschains. This is another characteristic of each sidechain in DAppChain. Sidechains can consume much less resources than the main chain. The cost of resources consumed on the sidechain is only a fraction that of the mainchain transaction.

Openness is the key to the new internet of money. However, it comes at a high cost. All your counterparts have access to your entire financial history. Aztec, the ultimate security shield for the internet money, protects user and business data on Web3.0. Cryptographic anonymity hides sender and receiver identities. Your crypto balances are kept private by encryption of transaction amounts. Network observers cannot see the asset or service to which a transaction belongs. Our world-class cryptography team created PLONK, the superfast standard for universal SNARK technology that Aztec uses. Private transactions can be done on any device in seconds. Our rollup service saves gas, and settles in minutes. You can fund and manage your DeFi positions anonymously and trade them within the Aztec privacy shield. Your imagination is limitless when it comes to private money, escrows, money streaming, micropayments and other forms of private money.

Earn by investing in Ethereum's first private computer. Keep is the best way for you to support a truly decentralized network. The public blockchain will have a privacy-focused infrastructure. The Keep network allows private data without compromising confidentiality to be used on public protocols. Keep is the only protocol truly decentralized. "Keeps" are offchain containers that allow contracts access to private data without having it exposed to the public blockchain. The Keep network stores data at the highest encryption level. Keep and tBTC were audited by the most powerful firms in the ecosystem. To earn rewards and secure Keep, learn more about how to stake on the network. Keep is a privacy layer which allows private data to be leveraged in public blockchains without compromising security and confidentiality. Keep is the network behind tBTC (the first secure and decentralized tokenized Bitcoin on Ethereum).

Hermez is an open-source ZK-Rollup that allows for token transfers using Ethereum's wings. It is secure, low-cost, and usable. Hermez seamlessly integrates with the Ethereum ecosystem and allows for low-cost token transfers to create an inclusive economy. High throughput, cost-effective token swaps and transfers. Open-source and decentralized architecture. Secure transactions require computational integrity. Zero-knowledge technology reduces transfer costs, making it easier to access financial services for mainstream adoption. Zero-knowledge-proof technology ensures computation integrity and on-chain data availability while also preserving the public blockchain properties. Hermez's mission to create a secure, resilient, and highly efficient payment network for the next generation digital currencies is to ensure that everyone has the freedom of transacting.

Astar Network is a Web3.0-compatible, scalable infrastructure. Astar Network was built with Parity’s Substrate framework. It can also be a future Polkadot Parachain that acts as a scalable smart contracts platform. Smart contracts are not supported by the Polkadot Relaychain. This gives Astar the chance to fill this gap. Scalability is a key requirement for dApp developers. Astar Network allows developers to build any application they want without having to think about its scalability. Astar Network is open-source. There are many opportunities to be involved in our ecosystem. Astar Network is an open source project that anyone can contribute to, develop, or modify. Astar Network's mission it to provide a scalable, interoperable and decentralized application platform that defines the new web, Web3.0.

Substrate allows you to create Ethereum-compatible smart contract in popular programming languages and run them much more quickly. Open source, decentralized business model that is funded by developer treasuries from participating blockchains. ParaState's Ewasm VM, or the Parallel SSVM, will work with all existing Ethereum smart contract without any modifications. ParaState supports 20+ programming languages that allow developers to create Ethereum-compatible smart contract. There are many examples, including generic programming languages like Solidity, Fe and Rust and JavaScript. Also, there are domain-specific languages (DSLs), such as MOVE and DeepSEA. Substrate-based Blockchains like Polkadot parachains already have a higher TPS (transactions/second) than Ethereum. Compute performance is more important than throughput for a smart contract platform. ParaState is a great platform for smart contracts.