Cryptocurrency Q&A
What is the difference between L1 and L2 tokens?
What is the difference between L1 and L2 tokens?
Stefano
Thu Nov 07 2024
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answers
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I'm trying to understand the distinction between L1 and L2 tokens in the crypto and blockchain context. I want to know the main differences between them and how they function within this domain.
7 answers
Riccardo
Fri Nov 08 2024
L2 solutions are designed to enhance the functionality and scalability of existing L1 blockchains.
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DongdaemunTrendsetterStyleIconTrend
Fri Nov 08 2024
The distinction between L1 and L2 blockchains lies in their payment mechanisms.
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Stardust
Fri Nov 08 2024
As such, they may allow for a variety of payment options, including the use of L1's native cryptocurrency.
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SeoulSerenitySeekerPeace
Fri Nov 08 2024
L1 blockchains rely solely on their native cryptocurrency for network usage fees.
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CryptoTitan
Fri Nov 08 2024
This native token serves as the fundamental medium of exchange within the L1 blockchain ecosystem.
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