Is algo a layer 1?

Is algo a layer 1? – Enpatika

What are the Level 1 blockchains?

26 March 2022 Enpatika.com Genel

Examples of operating Layer 1 blockchains include Bitcoin, Ethereum, Binance Smart Chain (BSC), Litecoin and Avalanche . However, Bitcoin remains the most affected by scalability issues, since the underlying network relies on the increase in the number of miners to ensure higher transaction throughput and volumes.12 Ara 2021

Is algo a layer 1?

26 March 2022 Enpatika.com Genel

Algorand (ALGO) is a permissionless payments-focused Layer1 blockchain that is designed to help the creation of advanced decentralized applications along with complex financial primitives.