What is the difference between L1 and L0?
Could you please elaborate on the distinction between L1 and L0 in the context of cryptocurrency and finance? Are they referring to specific layers of blockchain technology or perhaps a categorization of certain tokens or assets? If they are layers, how do they differ in terms of functionality, security, and scalability? Additionally, are there any notable examples of projects or platforms that utilize L1 and L0, and how do they utilize these layers to their advantage?
What is L0 in crypto?
Could you please elaborate on the concept of L0 in the world of cryptocurrency? As a novice in this field, I'm curious to understand the foundational layer that L0 represents and how it relates to the broader cryptocurrency ecosystem. Is it a specific technology, a standard, or something else entirely? How does it impact the security, scalability, and overall functionality of blockchain networks? And, how does it compare to other layers within the cryptocurrency stack?