Cryptocurrency Q&A
Is Bitcoin a Layer-1 coin?
Is Bitcoin a Layer-1 coin?
Federica
Sun Nov 17 2024
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5 answers
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I'm trying to understand the concept of Layer-1 coins in the cryptocurrency world. Specifically, I want to know if Bitcoin, which is often considered the original and most popular cryptocurrency, falls into this category of Layer-1 coins.
5 answers
CryptoAlchemy
Tue Nov 19 2024
This layer is crucial as it provides the basic framework for how transactions are processed, verified, and recorded.
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JejuSunshine
Tue Nov 19 2024
Some notable examples of Layer 1 blockchains include Bitcoin, which is known for its decentralized nature and security.
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Claudio
Tue Nov 19 2024
Ethereum is another example, offering smart contract functionality that allows for the creation of decentralized applications.
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GeishaMelody
Tue Nov 19 2024
A Layer 1 blockchain serves as the foundational architecture for decentralized cryptocurrency networks.
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CryptoElite
Tue Nov 19 2024
Cardano is also a Layer 1 blockchain, focusing on scalability and interoperability.
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