Tag: layer 1

The growth of cryptocurrency usage and decentralized applications has resulted in a pressing challenge: scaling. As the user base expands, networks like Bitcoin and Ethereum have struggled with increased transaction times and higher fees. In response, the crypto community is constantly innovating to find scalable solutions, from layer 1 (L1) enhancements to layer 2 (L2) innovations and even beyond, to maintain efficiency and keep pace with demand. Understanding the Layers: L1 vs L2 Layer 1 is the base level of a blockchain network. Think of it as the foundation upon which...