Cryptocurrency Q&A
What does L2 mean in crypto?
What does L2 mean in crypto?
SejongWisdomKeeper
Wed Nov 06 2024
|
6 answers
1112
I'm trying to understand the meaning of L2 in the context of cryptocurrency. Could someone explain what L2 stands for and its significance in the crypto world?
6 answers
Martina
Fri Nov 08 2024
Layer 1 represents the foundational blockchain protocol.
Was this helpful?
83
43
Martino
Fri Nov 08 2024
These protocols are developed by third parties to enhance the functionality of Layer 1 blockchains.
Was this helpful?
85
61
Elena
Fri Nov 08 2024
Examples of Layer 1 blockchains include Bitcoin and Ethereum.
Was this helpful?
102
73
RubyGlider
Fri Nov 08 2024
These blockchains serve as the backbone for various decentralized applications.
Was this helpful?
291
20
CryptoPioneer
Fri Nov 08 2024
Layer 2, on the other hand, refers to secondary protocols.
Was this helpful?
397
61
Load 5 more related questions
