Cryptocurrency Q&A
Is bittensor layer 1?
Is bittensor layer 1?
Giuseppe
Tue May 21 2024
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5 answers
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Could you please clarify for me if Bittensor qualifies as a Layer 1 blockchain? I've been reading about its architecture and it seems to have unique characteristics, but I'm not entirely sure if it falls into the Layer 1 category. Could you explain the reasons for your answer? Additionally, if it's not Layer 1, what layer would you categorize it as and why? Thank you for your assistance in clarifying this matter.
5 answers
Sara
Thu May 23 2024
The integration of Substrate SDK within Bittensor's network architecture ensures scalability, interoperability, and flexibility. This allows Bittensor to seamlessly connect with other blockchains and protocols, enhancing its overall functionality.
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Elena
Thu May 23 2024
BTCC, a leading cryptocurrency exchange headquartered in the UK, offers a comprehensive suite of services. Among these is its spot trading platform, which allows users to buy and sell cryptocurrencies at current market prices.
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emma_grayson_journalist
Thu May 23 2024
In addition to spot trading, BTCC also provides futures trading, enabling investors to speculate on the future prices of cryptocurrencies. This adds another dimension to the exchange's offerings, catering to a wider range of trading strategies.
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Caterina
Thu May 23 2024
The network that emerges from the utilization of Polkadot's Substrate SDK represents a significant milestone in blockchain technology. Substrate, as a development framework, enables the creation of customized blockchains tailored to specific needs.
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CryptoMystic
Thu May 23 2024
Bittensor, a noteworthy project, leverages Subtensor, a Layer-1 protocol, as its foundation. Subtensor, being a Layer-1 solution, provides the necessary infrastructure for Bittensor to function effectively and securely.
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