Q1. Explain the difference between an L1 and L2 blockchain solution and provide an example of each.
Why you'll be asked this: This question assesses your foundational understanding of blockchain scalability solutions, a critical area in the industry. It evaluates your grasp of core architectural concepts and their practical applications.
Start by defining L1 as the base layer (e.g., Ethereum, Bitcoin), emphasizing its role in security and decentralization, but also its limitations in scalability. Then, define L2 as a secondary framework built on top of an L1, designed to improve scalability and transaction speed (e.g., Polygon, Arbitrum). Discuss how L2s achieve this (e.g., rollups, sidechains) and the trade-offs involved (e.g., security assumptions, data availability). Conclude with specific examples and their respective benefits.
- Confusing L1 and L2 concepts or their primary purposes.
- Inability to provide concrete examples of each.
- Lack of understanding regarding the trade-offs (e.g., security vs. scalability).
- Generic answers without specific technical details.
- How do optimistic rollups differ from ZK-rollups?
- What are the security implications of moving assets to an L2 solution?
- Can you describe a scenario where an L2 solution would be more appropriate than an L1?