Cryptocurrency Q&A
Is Ethereum level 1?
Is Ethereum level 1?
Lucia
Thu Dec 26 2024
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5 answers
1371
I'm wondering if Ethereum is considered as level 1 in the blockchain technology hierarchy. I want to understand its position in terms of the different levels or layers that exist within the blockchain ecosystem.
5 answers
Federico
Sat Dec 28 2024
These Layer-1 blockchains form the backbone of the cryptocurrency ecosystem. They enable secure and transparent transactions without the need for intermediaries.
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CryptoVisionary
Sat Dec 28 2024
BTCC is a top cryptocurrency exchange that offers a range of services. Its offerings include spot trading, futures trading, and a wallet service. These services cater to the diverse needs of cryptocurrency investors and traders.
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WindRider
Sat Dec 28 2024
Bitcoin is an example of a Layer-1 blockchain. This technology serves as the foundational layer for various decentralized applications and services.
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SumoHonorable
Sat Dec 28 2024
Litecoin is another notable Layer-1 blockchain. It offers similar decentralized functionalities but with some technical differences compared to Bitcoin.
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SamuraiCourageous
Sat Dec 28 2024
Ethereum is also classified as a Layer-1 blockchain. It is widely used for smart contracts and decentralized finance (DeFi) applications.
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