Layer 1 blockchains are responsible for
1. Securing the network
2. Validating transactions
3. Maintaining consensus
2
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Similar ideas to Layer 1 blockchains are responsible for
Effective tips for Time⌚ Management.
1. Brain dump.
2. Rule 3.
- Write 3 goals you want to achieve in week & then 3 to - do for everyday.
L0- the legal layer
Layer 1 blockchains, aka L1, are focused on foundational elements like consensus & validation. L2 are chains built on top focused on scaling & speed.
Balaji makes the argument that L0, or the ideas in people minds, the ideology they adhere to, is the most important layer. Because th...
How Is the Terra Network Secured?
The Terra blockchain is secured using a proof-of-stake consensus algorithm based on Tendermint, in which LUNA token holders stake their tokens as collateral to validate transactions, receiving rewards in proportion to the amount of LUNA staked. Token holders may ...
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