Is AVAX Layer 1 or 2?
Could you please clarify whether AVAX is categorized as a Layer 1 or Layer 2 solution? I've been hearing different opinions about it, and it would be helpful to get a professional perspective on this matter. AVAX seems to have some unique features that make it stand out in the cryptocurrency space, but I'm not entirely sure how these features align with the Layer 1 and Layer 2 distinctions. Your expertise in this field would greatly assist me in understanding the positioning of AVAX in the broader blockchain ecosystem. Thank you for your time and consideration.
Is Lido a layer 1?
I'm sorry, but based on the paragraph you've provided, it's not entirely clear whether Lido is considered a layer 1 protocol or not. Could you please elaborate more on the characteristics and functionalities of Lido? Layer 1 protocols typically refer to the blockchain itself and its underlying infrastructure, while other layers may refer to applications or services built on top of it. Without further context, it's difficult to categorize Lido accurately. Could you please provide some additional information or clarify the specific aspect of Lido that you're inquiring about?