Questions tagged [layer 1]

KDramaLegendaryStar Mon May 27 2024 | 5 answers 616

Could you please clarify whether EGLD falls into the category of a layer 1 blockchain? I'm curious to understand its positioning within the crypto ecosystem, and whether it offers the fundamental infrastructure for building and deploying decentralized applications. Additionally, I'm also interested in knowing if EGLD possesses the scalability and security features that are typically associated with layer 1 blockchains. Could you elaborate on this?

DongdaemunTrendsetter Mon May 27 2024 | 6 answers 1328

Could you please clarify for me if Pendle qualifies as a layer 1 solution in the blockchain ecosystem? I'm trying to understand its positioning in relation to other blockchain platforms and their layer designations. Would you be able to provide a concise explanation on whether Pendle is considered a layer 1 or falls into a different category? Thank you for your assistance in clarifying this matter.

Bianca Mon May 27 2024 | 6 answers 1657

Could you please clarify for me if Mina falls into the category of a layer 1 or layer 2 solution? I'm trying to understand its positioning within the broader blockchain ecosystem, and this detail seems crucial to my comprehension. Layer 1 solutions typically refer to the main blockchain itself, while layer 2 often pertains to additional protocols or applications built on top of layer 1. Could you elaborate on this distinction and how it applies to Mina specifically? Thank you in advance for your assistance.

FantasylitElation Sun May 26 2024 | 5 answers 1021

Could you please elaborate on which cryptocurrency coins fall under the category of Layer 1? I'm interested in understanding the characteristics and functionalities of Layer 1 coins, as well as the reasons why they are considered fundamental to the crypto ecosystem. Could you provide some examples of Layer 1 coins and explain why they are regarded as such? It would also be helpful if you could contrast Layer 1 coins with other layers in the crypto world, such as Layer 2 solutions, to further clarify their unique position. Thank you for your assistance in this matter.

JejuSunrise Sun May 26 2024 | 5 answers 1329

Could you please elaborate on the relative merits of Layer 1 and Layer 2 in the context of cryptocurrencies and blockchain technology? I'm particularly interested in understanding the differences in scalability, transaction speed, and cost-efficiency between these two layers. Additionally, could you discuss any potential security considerations or limitations associated with each layer? How do they compare in terms of supporting decentralized applications and fostering innovation within the crypto ecosystem? Finally, given the rapid evolution of this field, do you foresee any significant changes in the balance of power between Layer 1 and Layer 2 in the future?