Share:
Notifications
Clear all

Earn While Learning Web3 Programming>> Start Here FREE!!!

[Solved] What Are The Differences Between Layer 1 and Layer 2 Blockchain

3 Posts
2 Users
3 Reactions
463 Views
1
Topic starter

EXERCISE: :
i. Watch the above lesson video and also read through the recommended resources. Then, answer the following questions

ii. What Are The Differences Between Layer 1 and Layer 2 Blockchain?

iii. Summarize in your own word in this forum below:
(NOTE: please, don't just copy-paste from other students - instead answer in your own word based on your level of understanding the lesson and resources)

 

 

 

NOTE:

This Is An Exercise From Our FREE COURSE with CERTIFICATION:

Metis Blockchain Programming 101 Course

(If you have not enrolled yet, you can join the course totally for FREE).

 

2 Answers
2
Topic starter

What Are The Differences Between Layer 1 and Layer 2 Blockchain Explained:

i- Layer 1 Blockchain refers to the main Blockchain for example Ethereum Blockchain, Bitcoin Blockchain, Solana Blockchain, Polkadot Blockchain etc.

 

ii- Layer 2 Blockchain are built on top of the Layer 1 Blockchain security infrastructure usually to help scale the number of transactions that can be handled by Layer 1 Blockchain
and also comes with other benefits like cheaper transaction fees and dedicated

 

iii- Example of Layer 2 Blockchains For Ethereum Blockchain are Metis, Polygon etc

 

 

iv- Layer 2 Blockchain also makes it possible to have dedicated chains for specific use cases beyond general use-cases focus by their Layer 1 Blockchain
     - like Immutable X layer 2 Blockchain on Ethereum dedicated to NFTs

0

The differences between layer one Blockchain and layer two Blockchain include the following;

1) Layer 1 is the native Blockchain in which layer 2 is built on top

2) Layer 1 Blockchain has what we called Miners or Validators which act as security watchers of the Blockchain and those participating are rewarded with the native token why layer 2 has no such arrangements

3) Layer 2 are meant to solve specific problem of layer 1 eg scalability, gas fee security etc

This post was modified 8 months ago by Uchechukwu Luke
Solomon Foskaay Solomon Foskaay Topic starter 20/10/2023 7:47 am

@kinguc Well done on your response

Share: