Layer 1, Layer 2—what exactly does “layer” mean?
The more distributed the validator nodes are, the more messages need to be exchanged to reach consensus, making it harder to improve performance. This is why the three are mutually constraining.
Different public blockchains choose different consensus mechanisms and design trade-offs, so their block times, confirmation speeds, and fees also vary.
The most expensive thing in this space has never been transaction fees—it’s the tuition you pay for not understanding the rules.
Size your positions according to your risk tolerance, and leave yourself plenty of room to maneuver.
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