Questions tagged [layer 1]

DaeguDivaDance Sat Jul 27 2024 | 7 answers 1322

Is it really fair to say that Layer 1 is inherently better than Layer 2 in the world of cryptocurrency and blockchain technology? Layer 1, often referred to as the base layer or main blockchain, is the foundational protocol that supports all transactions and smart contracts. However, Layer 2 solutions, which operate on top of Layer 1, are designed to enhance scalability, reduce transaction fees, and improve transaction speeds. With these benefits in mind, shouldn't we be asking not just if Layer 1 is better, but rather, which layer is best suited for a particular use case or need? It's worth considering the trade-offs and advantages of both layers before making a definitive statement about their relative merits.

Eleonora Sat Jul 27 2024 | 5 answers 829

Excuse me, I'm a bit confused about the nature of Alephium. Could you please clarify if Alephium is considered a Layer 1 blockchain solution? I understand that Layer 1 refers to the main blockchain protocol upon which other applications and services are built, so I'm interested in knowing whether Alephium fits into this category. Thank you for your help in clearing this up.

Margherita Fri Jul 26 2024 | 7 answers 1944

Could you clarify for me if the Directed Acyclic Graph (DAG) technology commonly associated with some blockchain projects should be considered as a Layer 1 solution? I'm interested in understanding if DAGs are positioned at the foundational layer of the blockchain architecture, similar to how traditional blockchain networks operate as Layer 1, or if they serve a different purpose and operate on a different layer entirely. Your insights would be greatly appreciated.

MysticGalaxy Fri Jul 26 2024 | 7 answers 1878

Excuse me, could you please clarify whether Oraichain is considered a layer 1 blockchain platform? I'm trying to understand its positioning within the broader blockchain ecosystem and how it compares to other popular layer 1 networks like Bitcoin or Ethereum. It would be greatly appreciated if you could provide some insights into this matter.

HanRiverVision Thu Jul 25 2024 | 7 answers 1714

Excuse me, I've been hearing a lot about Syscoin lately, and I'm trying to understand its positioning in the blockchain ecosystem. Could you clarify whether Syscoin is considered a layer 1 blockchain? I'm curious to know if it operates as a standalone blockchain platform or if it relies on other networks to function. Your insights would be greatly appreciated.