Fantom is a Layer-1 blockchain that uses a single consensus layer to support the creation of multiple execution chains.
Read moreWhat new crypto coins are coming out in 2022?
Top 8 Cryptocurrency Investments in 2022 CryptocurrencyPriceMarket CapCardano$0.7973$26.85 billionPolygon$1.45$11.04 billionSolana$83.14$26.4 billionAvalanche$73.46$19.05 billionThe top 8 cryptocurrencies to invest in for 2022 – Las Vegas Review-Journal www.reviewjournal.com › business › personal-finance › the-top-8-cryptoc…
Read moreWhat is a Layer 1 vs Layer 2?
In the decentralized ecosystem, a Layer-1 network refers to a blockchain, while a Layer-2 protocol is a third-party integration that can be used in conjunction with a Layer-1 blockchain . Bitcoin, Litecoin, and Ethereum, for example, are Layer-1 blockchains.
Read moreWhat is a Layer 1 chain?
A Layer 1 blockchain is a set of solutions that improve the base protocol itself to make the overall system a lot more scalable . The two approaches proposed for implementing Layer 1 solutions include the consensus protocol and sharding.12 Ara 2021
Read moreWhat is Terra Luna?
Terra (LUNA) is one of the few top cryptocurrencies that’s actually gained value this year . The LUNA token gained over 20% in 24 hours and is now up about 50% in the past 90 days. Plus, Terra just reached a new all-time high at a point when many cryptocurrencies are down around 40% or more.
Read moreWhat is a layer 2 solution?
Layer 2 is a term used for solutions created to help scale an application by processing transactions off of the Ethereum Mainnet (layer 1) while still maintaining the same security measures and decentralization as the mainnet . Layer 2 solutions increase throughput (transaction speed) and reduce gas fees.
Read moreIs Tron a layer-1?
TRON adopts a 3-layer architecture divided into storage layer, core layer, and application layer.
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