#openledger $OPEN @OpenLedger In blockchain technology, a layer token is a cryptocurrency used in different blockchain layers to improve speed, security, and scalability.
Types of Layer Tokens
Layer 1 Tokens
Built on the main blockchain network.
Used for transactions, security, and smart contracts.
Examples: Bitcoin, Ethereum
Layer 2 Tokens
Built on top of Layer 1 blockchains to make transactions faster and cheaper.
Help reduce network congestion.
Examples: Polygon, Arbitrum