You've heard about Layer 1, Layer 2, and Layer 3 in crypto but don't know what they mean
In this article, I'll break it down easy with real examples
What is Layer 1
It's the main or base blockchain
Doesn't need another network to operate
It has its own security and consensus
Examples of Layer 1
Bitcoin BTC
Ethereum ETH
Solana SOL
Cardano ADA
BNB Chain BSC
Advantages of Layer 1
It's super secure
It's decentralized
It's the foundation of the entire ecosystem
Disadvantages of Layer 1
It's slow when there's heavy traffic
Fees can be as high as Ethereum's