How Do Layer 2 Solutions, like the Lightning Network, Aim to Reduce Transaction Fees? ▴ Learn

How Do Layer 2 Solutions, like the Lightning Network, Aim to Reduce Transaction Fees?

Layer 2 solutions move the majority of transactions off the main blockchain (Layer 1) and onto a secondary layer. For example, the Lightning Network allows users to open payment channels and conduct numerous transactions off-chain, only broadcasting the final net result to the main chain.

This drastically reduces the number of on-chain transactions, alleviating congestion and lowering fees.

How Do Layer 2 Scaling Solutions like the Lightning Network Reduce Congestion on the Layer 1 Mempool?

What Scaling Solutions Aim to Reduce the Impact of Network Congestion on Fees?

How Does the Lightning Network Utilize the UTXO Model for Off-Chain Scaling?

How Have Layer-2 Solutions like the Lightning Network Expanded the Capabilities of Bitcoin despite Its Non-Turing-Complete Base Layer?