Questions tagged [layer 1]

Maria Mon Oct 14 2024 | 5 answers 1144

I'm trying to understand whether Akash Network is considered as a layer 1 in the blockchain technology stack. Could someone clarify this for me?

GangnamGlitzGlamourGlory Sun Oct 06 2024 | 5 answers 1080

Excuse me, could you please clarify if Chiliz is indeed a layer 1 blockchain? I've been hearing a lot about it lately in the cryptocurrency space, but I'm not entirely sure about its technical architecture. Layer 1 blockchains are known for their foundational role in supporting decentralized applications and transactions, so I'm curious to know if Chiliz fits into this category. Your insights would be greatly appreciated.

KimonoElegance Wed Sep 25 2024 | 5 answers 849

Excuse me, could you clarify whether Fantom qualifies as a layer 1 blockchain protocol? I've been hearing a lot about its unique consensus mechanism and scalability features, but I'm still a bit uncertain about its positioning within the blockchain ecosystem. I understand that layer 1 refers to the main blockchain network that supports smart contracts and transactions, so I'm eager to know if Fantom meets that criteria. Thanks in advance for your insight.

EnchantedSky Wed Sep 25 2024 | 7 answers 1467

Could you elaborate on the concept of "layer 1 crypto"? Are you referring to the foundational blockchains that serve as the base layer for decentralized networks and applications, such as Bitcoin and Ethereum? If so, how do these layer 1 protocols contribute to the overall architecture of the crypto ecosystem, and what sets them apart from other layers like layer 2 solutions? Additionally, are there any emerging trends or challenges facing layer 1 blockchains in the current market landscape?

SamuraiSoul Mon Sep 23 2024 | 6 answers 1433

Could you please explain the key distinctions between layer 1, 2, and 3 cryptocurrencies? How do they differ in terms of their functionality, scalability, and overall purpose within the blockchain ecosystem? Is there a hierarchy among these layers, and if so, how does it impact the adoption and usage of various cryptocurrencies?