Cryptocurrency Q&A
Is Litecoin a layer 1 blockchain?
Is Litecoin a layer 1 blockchain?
SsamziegangSerenadeMelodyHarmony
Thu Dec 05 2024
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7 answers
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I'm wondering if Litecoin is considered a layer 1 blockchain. I've heard about different layers in blockchain technology and I'm curious to know if Litecoin falls into the category of layer 1.
7 answers
CryptoTitanGuard
Sat Dec 07 2024
In the decentralized ecosystem, the concept of Layer-1 scaling solutions is crucial.
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Maria
Sat Dec 07 2024
A Layer-1 network is essentially a blockchain that operates independently.
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GyeongjuGlory
Sat Dec 07 2024
These blockchains serve as the foundational layer for various decentralized applications.
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Chiara
Sat Dec 07 2024
On the other hand, a Layer-2 protocol is an integration that enhances the functionality of a Layer-1 blockchain.
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Chiara
Fri Dec 06 2024
It is a third-party solution that can work in conjunction with the primary blockchain to improve scalability.
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