The future of the blockchain: understanding of cryptocurrency, level 1 solutions, croschain bridges and level 2
technologies
. “Blockchain) and level 2 (also knows as” layer 2 “or” government layer “).
Layer 1: The blockchain layer
The blockchain level, also known as the “network” level, is responsible for creating and verifying transactions on a blockchain network. The integrity and safety of the entire network.
Contains a copy of the blockchain data. These note that the network. Examples of level 1 solutions include Bitcoin, Ethereum and other cryptocurrencies that use consent or test consent algorithms.
Layer 2: The Governance Layer
The government layer, also known as Layer 2 (Governance Stance), is responsible for the management and optimization of the performance of a blockchain network. This level focuses on improving the scalability, efficiency and use of the network by providing additional functional functional without compromising the safety of the safety of the underlying blockchain.
The Crosschain bridge, of which we will discuss Crosschain bridges later
Bridges Crosschain
The Crosschain bridge is a specialized solution that connects two or more blockchain networks, allowing its users to interact with each other without this technology
Crosschain bridges generally use a combination of techniques, such as tokenization, intelligent contractual integration and interoperability protocols such as Cosmos SDK, IBC (Interblockchain communication) or polygon. Ecosystems, facilitating unprecedented interactions, data sharing and activity transfers.
Examples of croschain bridges
Some remarkable examples of croschain bridges include:
- Solana’s Inter-Chain Bridge (ICB)-A decentralized platform that allows quick and safe inter-blococcare communication
- Cosmos anchoring protocol – A cross -chain bridge for Cosmo (Cosmos Sdk) networks, providing unprecedented interactions between different blockchains
- Polygon’s Inter -Blockchain Communication (IBC) – a level 2 solution designed to allow the seamless interaction between polygon (polygon) and other blockchain networks
Layer 2: the level 2
solution
Level 2 solutions these types of solutions use techniques such as off-chain transactions, tokens’ or integration of intelligent contracts to improve network efficiency.
A key feature of Layer 2 solutions is their ability to improve for example 2 solutions
