A lot of people here still dont understand what layer 1 blockchain and what can it bring.
19 Oct 2022, 08:22
A lot of people here still dont understand what layer 1 blockchain and what can it bring.
So what is Layer 1 blockchain in Crypto? Layer 1 is a term to describe project that have built their very own Blockchain- Base Foundation and Ecosystem that allows developer to build software application on top of them. So layer 1 describes the Base layer of a Blockchain network. Imagine an example of a Layer 1 as the Apple app store, where developers can use Apple's framework in order to build and launch apps that people can use. Another example is the most popular or well known layer 1 block chain which is Ethereum. Decentralize exchanges like Uniswap, were built on top of Ethereum Layer 1 base, Axie infinity is a game built on Ethereum, Opensea is an nft marketplace that built on Ethereum and etc. So you can see how Layer 1 just describes project with their own Blockchain Base FOUNDATION that allows others to build All Kind of Products services and software applications on.
Remember Omax is a layer 1 Blockchain EVM compatible with the fastest TPS. Omax future is brighter than you think.