thaitraderoficial
--
📘 Crypto Dictionary: some of the most used words in the crypto world
Come on, Root Ninja… 🥷
1️⃣ Blockchain: The foundation of everything.
A public, decentralized database where every transaction is recorded forever.
It's what ensures that no one can trick you.
2️⃣ Layer 1 and Layer 2
Layer 1s are the main blockchains: Ethereum, Solana, BNB Chain, Avalanche.
It's where contracts run, assets are born, transactions are validated.
Layer 2s are solutions built on top of Layer 1s to improve scalability (faster, cheaper). Ex: Arbitrum, Optimism, Base.
1️⃣ Blockchain: The foundation of everything.
A public, decentralized database where every transaction is recorded forever.
It's what ensures that no one can trick you.
2️⃣ Layer 1 and Layer 2
Layer 1s are the main blockchains: Ethereum, Solana, BNB Chain, Avalanche.
It's where contracts run, assets are born, transactions are validated.
Layer 2s are solutions built on top of Layer 1s to improve scalability (faster, cheaper). Ex: Arbitrum, Optimism, Base.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number