What are Layer 2s and Why Are They Important?

Summary To start, we need to define what a layer 1 is: A layer 1 network is the base layer, or the underlying infrastructure of a blockchain. Also known as the main network or “mainnet,” it not only defines the core rules of the ecosystem, but can also validate and finalize transactions, as seen with examples like Ethereum, … Continue reading What are Layer 2s and Why Are They Important?