Today’s key concepts: public blockchains and the blockchain trilemma
Layer 2 networks execute transactions outside the mainnet, then rely on Layer 1 consensus for settlement. This is one approach to easing the blockchain trilemma.
When depositing to or withdrawing from different public blockchains, double-check that you’ve selected the right network. The same token is often represented by different contracts on different chains.
If you don’t understand a product, don’t use it yet. Practicing with small amounts is safer.
$ETH is the native coin of Ethereum, a Layer 1 public blockchain. It’s used to pay gas fees and for staking. Currently 2414.29.
Layer 2 networks execute transactions outside the mainnet, then rely on Layer 1 consensus for settlement. This is one approach to easing the blockchain trilemma.
When depositing to or withdrawing from different public blockchains, double-check that you’ve selected the right network. The same token is often represented by different contracts on different chains.
If you don’t understand a product, don’t use it yet. Practicing with small amounts is safer.
$ETH is the native coin of Ethereum, a Layer 1 public blockchain. It’s used to pay gas fees and for staking. Currently 2414.29.