Questions tagged [layer 1]

Margherita Fri Jul 26 2024 | 7 answers 1944

Could you clarify for me if the Directed Acyclic Graph (DAG) technology commonly associated with some blockchain projects should be considered as a Layer 1 solution? I'm interested in understanding if DAGs are positioned at the foundational layer of the blockchain architecture, similar to how traditional blockchain networks operate as Layer 1, or if they serve a different purpose and operate on a different layer entirely. Your insights would be greatly appreciated.

MysticGalaxy Fri Jul 26 2024 | 7 answers 1878

Excuse me, could you please clarify whether Oraichain is considered a layer 1 blockchain platform? I'm trying to understand its positioning within the broader blockchain ecosystem and how it compares to other popular layer 1 networks like Bitcoin or Ethereum. It would be greatly appreciated if you could provide some insights into this matter.

HanRiverVision Thu Jul 25 2024 | 7 answers 1714

Excuse me, I've been hearing a lot about Syscoin lately, and I'm trying to understand its positioning in the blockchain ecosystem. Could you clarify whether Syscoin is considered a layer 1 blockchain? I'm curious to know if it operates as a standalone blockchain platform or if it relies on other networks to function. Your insights would be greatly appreciated.

CryptoTitaness Sun Jul 21 2024 | 6 answers 1102

Could you elaborate on whether Telos qualifies as a Layer 1 blockchain solution? As the cryptocurrency and finance landscape continues to evolve, it's crucial to understand the various layers and how they contribute to the overall ecosystem. Layer 1 solutions, in particular, serve as the foundational infrastructure upon which other layers and applications are built. Therefore, clarifying whether Telos falls into this category is paramount for those seeking to invest in or develop on the platform. Could you provide insights into Telos' architecture and how it aligns with the definition of a Layer 1 blockchain?

CryptoWarrior Sat Jul 20 2024 | 7 answers 1263

Excuse me, as a cryptocurrency and finance enthusiast, I'm curious to understand the positioning of VeChain within the blockchain ecosystem. Could you please clarify whether VeChain is considered a Layer 1 or Layer 2 solution? Layer 1 refers to the base blockchain protocol itself, while Layer 2 often involves scalability solutions built on top of Layer 1 blockchains. Understanding this distinction is crucial for evaluating VeChain's potential and its role in the broader cryptocurrency landscape. Thank you for your clarification.