What networks are Layer 1 (L1) or Layer 2 (L2)
Layer 1 (L1) Blockchains: These are the foundational blockchains that operate their own network and have their own native tokens. Examples include Bitcoin, Ethereum, and Binance Smart Chain (BSC). They are the main chains where transactions and smart contracts are executed natively. Layer 2 (L2) Solutions: These are built on top of L1 blockchains to […]