Cryptocurrency Q&A What does L2 mean in crypto?

What does L2 mean in crypto?

SejongWisdomKeeper SejongWisdomKeeper Wed Nov 06 2024 | 6 answers 1112
I'm trying to understand the meaning of L2 in the context of cryptocurrency. Could someone explain what L2 stands for and its significance in the crypto world? What does L2 mean in crypto?

6 answers

Martina Martina Fri Nov 08 2024
Layer 1 represents the foundational blockchain protocol.

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Martino Martino Fri Nov 08 2024
These protocols are developed by third parties to enhance the functionality of Layer 1 blockchains.

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Elena Elena Fri Nov 08 2024
Examples of Layer 1 blockchains include Bitcoin and Ethereum.

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RubyGlider RubyGlider Fri Nov 08 2024
These blockchains serve as the backbone for various decentralized applications.

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CryptoPioneer CryptoPioneer Fri Nov 08 2024
Layer 2, on the other hand, refers to secondary protocols.

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