Event-Based Layer Scaling refers to adjusting a blockchain’s capabilities based on specific activities or events occurring within the network. Instead of continuously operating at a fixed scale, this approach allows for dynamic scaling that responds to varying demand.When a significant event arises, such as a surge in transactions or decentralized applications (dApps) usage, the layer can temporarily increase its resources. This could involve adding more processing power, enhancing network throughput, or adjusting fees to accommodate the higher demand.As conditions stabilize, the scaling can retract to save resources and maintain efficiency. This method optimizes performance while managing costs. It further enhances user experience by minimizing transaction times and fees during peak periods. Leveraging events as triggers for scaling supports overall network health and reliability, making it a practical approach for handling fluctuating demands without overwhelming the system.

BitMine Reports $13.4 Billion in Crypto and Cash Holdings
BitMine Immersion Technologies on Monday reported total holdings of $13.4 billion in cryptocurrency, cash, and equity stakes, reinforcing its position