What is layer-1 layer 2 crypto?

Examples of operating Layer 1 blockchains include Bitcoin, Ethereum, Binance Smart Chain (BSC), Litecoin and Avalanche .12 Ara 2021

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.

A layer one network is a network that acts as infrastructure for other applications, protocols, and networks to build on top of . A public decentralized layer one network’s primary characteristic is its consensus mechanism.

Layer 1 refers to a base network, such as Bitcoin, BNB Chain, or Ethereum, and its underlying infrastructure . Layer-1 blockchains can validate and finalize transactions without the need for another network. Making improvements to the scalability of layer-1 networks is difficult, as we’ve seen with Bitcoin.22 Şub 2022