A quick blockchain industry primer: public blockchains and the blockchain trilemma
· Increasing block capacity or shortening block times can improve throughput, but also increases the hardware and bandwidth requirements for running a node.
· A Layer 1 blockchain handles its own consensus and settlement, such as Bitcoin, Ethereum, and Solana.
$ETH is the native coin of Ethereum, a Layer 1 public blockchain, and is used to pay gas fees and for staking.
#ETH
· Increasing block capacity or shortening block times can improve throughput, but also increases the hardware and bandwidth requirements for running a node.
· A Layer 1 blockchain handles its own consensus and settlement, such as Bitcoin, Ethereum, and Solana.
$ETH is the native coin of Ethereum, a Layer 1 public blockchain, and is used to pay gas fees and for staking.
#ETH