Crypto Education - Layer 1 Blockchain Solutions Explained | Animation | Cryptomatics
Cryptomatics
In this video, we will explain what Layer-1 blockchain solutions are and what their purpose is. We will also take a look at the most common Layer-1 solutions.
Given the increasing usage of cryptocurrencies in everyday life, the need for blockchain layers has also grown. Such layers are necessary for ensuring higher network security and speed, better recordkeeping, and so on. Here is where Layer 1 and Layer 2 solutions come into play.
When talking about a decentralized system, a Layer-1 network refers to a blockchain. The purpose of the solutions that fall into this category is to improve the base protocol itself in order to make scalability possible. Layer-2 solutions are networks or technologies that operate on top of an underlying blockchain protocol to improve efficiency and scalability.
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- CHAPTERS -
0:00 Intro 0:26 Blockchain Scalability and Solutions to Increase It 1:30 What Are Layer-1 Solutions and How Do They Work? 2:26 Types of Layer-1 Solutions 3:32 Conclusions 4:14 Outro
⛓️ 🔗 Useful Links 🔗⛓️
â–şhttps://www.gemini.com/cryptopedia/blockchain-layer-2-network-layer-1-network#section-boosting-blockchain-networks-scalability
â–şhttps://coinmarketcap.com/alexandria/article/what-are-cryptocurrency-layer-2-scaling-solutions
â–şhttps://medium.com/the-capital/layer-1-vs-layer-2-what-you-need-to-know-about-different-blockchain-layer-solutions-69f91904ce40
â–şhttps://cryptorobin.com/what-is-sharding/
#Layer1Solutions #Animation #Cryptomatics #Blockchain #Crypto #CryptoEducation ... https://www.youtube.com/watch?v=p7I4iDiMwCc
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