Cryptocurrency Q&A
Is Avalanche a Layer 1 or 2?
Is Avalanche a Layer 1 or 2?
DongdaemunTrendsetterStyleIconTrend
Mon Nov 11 2024
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7 answers
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I'm trying to understand whether Avalanche is considered a Layer 1 or Layer 2 solution in the blockchain technology stack. Could someone clarify this for me?
7 answers
Federica
Wed Nov 13 2024
Avalanche operates as a layer-1 blockchain.
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CryptoWanderer
Tue Nov 12 2024
It acts as a medium of exchange and a store of value.
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Elena
Tue Nov 12 2024
AVAX also enables users to participate in governance decisions.
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Lorenzo
Tue Nov 12 2024
It possesses a unique native token.
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ZenBalanced
Tue Nov 12 2024
This token is known as “AVAX”.
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