The currency $LAYER is a cryptocurrency used within the Layer Network, which is a project aimed at improving the performance of blockchain networks by providing Layer 2 solutions. 📍
- This network works to enhance scalability and reduce transaction costs, making it an attractive option for both developers and users alike.
◆ Basic information about Layer Network:
◇ Classification: Layer 2 solutions for blockchain
■ Objective: Improve performance and reduce costs on major blockchain networks like Ethereum
■ Advantages: Increased speed, reduced fees, support for decentralized applications (dApps)
■ Technology: Utilizes technologies such as sidechains and rollups $LAYER