Questions tagged [layer 1]

Lorenzo Wed May 29 2024 | 7 answers 1652

Could you please clarify for me if CKB qualifies as a layer 1 in the context of blockchain technology? I'm trying to understand its position within the cryptocurrency ecosystem and how it differs from other layers. Could you also explain what makes a blockchain layer 1 and how CKB specifically fulfills that role? I'm particularly interested in its functionalities and how it interacts with other components of the blockchain infrastructure. Thank you for your assistance in clarifying this matter.

Daniele Wed May 29 2024 | 7 answers 1353

Could you please clarify for me whether XRP operates as a layer 1 protocol in the blockchain ecosystem? I'm trying to understand its position within the cryptocurrency landscape and how it compares to other blockchain networks. Is it considered a foundational layer for transactions, or does it serve a different purpose within the crypto sphere? Thank you for your assistance in clarifying this matter.

SsangyongSpirit Tue May 28 2024 | 6 answers 1101

I'm quite interested in the technological intricacies of the blockchain industry. Could you please enlighten me on the concept of Ordi being labeled as a layer 1? I've heard various discussions about it, but I'm still a bit hazy on the specifics. Could you break it down for me? Is Ordi indeed considered a layer 1 in the blockchain architecture? If so, what are the distinguishing features that make it qualify as such? I'd really appreciate your insights into this matter.

Giulia Mon May 27 2024 | 5 answers 1201

Could you please explain what Layer 1, Layer 2, and Layer 3 crypto refer to in the context of cryptocurrencies? What are the key differences between these layers, and how do they contribute to the overall functionality and scalability of the blockchain ecosystem? Could you also provide some examples of Layer 1, Layer 2, and Layer 3 projects in the current crypto market?

BusanBeautyBloomingStar Mon May 27 2024 | 6 answers 942

Could you please clarify for me if Mina qualifies as a layer 1? I've been reading about various blockchain protocols and it seems that the term "layer 1" is often used to describe the underlying infrastructure or main blockchain of a given network. Given Mina's unique characteristics and its position in the crypto ecosystem, I'm not entirely sure if it fits into this category. Could you elaborate on this, and if Mina isn't a layer 1, what would you classify it as? Your insights would be greatly appreciated.