Is Algorand l1 or L2?

Even though computation and settlement can be run on both layers , as evidenced by the feature-packed layer 1 smart contract capabilities, computationally-intensive dApps are discharged to Algorand’s off-chain layer (L2) to prevent bottlenecks from materializing.

Read more

Is Algorand a Layer-2?

This means that every smart contract is directly adding traffic to the network, and too many of them can slow the network down. In order to avoid that, Algorand offers layer-2 smart contracts as well , where the contract will be executed “off-chain”.

Read more

Is Avax an ETH killer?

The reason is, the cryptocurrency has many competitors who are trying to overthrow ETH from the second position after Bitcoin. Call it Solana (SOL) and Avalanche (AVAX) cryptocurrencies . The meteoric rise of the two Ethereum killers is inseparable from the network fees which are much cheaper than ETH.

Read more