Cryptocurrency Q&A
Is Cardano a Layer 1 crypto?
Is Cardano a Layer 1 crypto?
CryptoEagle
Sat Oct 26 2024
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6 answers
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I'm interested in Cardano and I want to know if it's considered a Layer 1 crypto. I've heard about different layers in the crypto world and I'm trying to understand where Cardano fits in.
6 answers
DiamondStorm
Mon Oct 28 2024
On top of this platform, various other applications and services can be developed.
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SumoPride
Mon Oct 28 2024
Ethereum serves as a prime example of an L1 cryptocurrency.
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CryptoPioneer
Mon Oct 28 2024
Similar to Ethereum, Cardano also falls into the category of L1 cryptocurrencies.
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Claudio
Mon Oct 28 2024
Cryptocurrencies possessing a certain feature are commonly referred to as "layer 1" or "L1" cryptocurrencies.
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Sara
Mon Oct 28 2024
The terminology signifies their role as a foundational platform.
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