Cryptocurrency Q&A Is EGLD a layer 1?

Is EGLD a layer 1?

KDramaLegendaryStar Mon May 27 2024 | 5 answers 616

Could you please clarify whether EGLD falls into the category of a layer 1 blockchain? I'm curious to understand its positioning within the crypto ecosystem, and whether it offers the fundamental infrastructure for building and deploying decentralized applications. Additionally, I'm also interested in knowing if EGLD possesses the scalability and security features that are typically associated with layer 1 blockchains. Could you elaborate on this?

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