Many people in the crypto world don't even understand the basic meanings of L1 and L2. Today, I'll explain it to you!
In the crypto world, L1 and L2 mainly refer to the layered architecture of blockchain, not market data. In simple terms:
1️⃣ L1 (Layer 1) — the main chain itself
•Definition: The foundational network layer of the blockchain, where all transactions and smart contracts are executed directly on the main chain.
•Example:
•Bitcoin (BTC)
•Ethereum
•Solana
•BNB Chain
•Features:
•Has its own independent consensus mechanism (PoW, PoS, etc.)
•High security, but limited scalability (low T
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