Elena
Wed May 15 2024
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5 answers
965
Is XRP layer 1 or 2?
Excuse me, I've been trying to understand the architecture of cryptocurrencies and I'm particularly interested in XRP. Could you clarify for me if XRP is classified as a layer 1 or layer 2 protocol? I've heard conflicting opinions and I'm just trying to get a clear picture. Layer 1 protocols, I understand, are the foundational blockchains where transactions are validated and recorded, while layer 2 protocols are built on top to enhance scalability and performance. Could you please shed some light on this for me?
EnchantedSky
Wed May 15 2024
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5 answers
1352
Is Polkadot a layer 1 or 2?
I'm curious about Polkadot's position in the blockchain ecosystem. Could you clarify for me whether Polkadot falls into the category of a layer 1 or layer 2 solution? Layer 1s are typically known as the fundamental blockchain protocols, while layer 2s are built on top of layer 1s to enhance scalability and functionality. Given Polkadot's design and its role in connecting multiple blockchains, I'm having a hard time pinpointing its exact classification. Could you please shed some light on this for me?
CryptoAce
Tue May 14 2024
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7 answers
1609
Is AVAX Layer 1 or 2?
Could you please clarify whether AVAX is categorized as a Layer 1 or Layer 2 solution? I've been hearing different opinions about it, and it would be helpful to get a professional perspective on this matter. AVAX seems to have some unique features that make it stand out in the cryptocurrency space, but I'm not entirely sure how these features align with the Layer 1 and Layer 2 distinctions. Your expertise in this field would greatly assist me in understanding the positioning of AVAX in the broader blockchain ecosystem. Thank you for your time and consideration.
