Why do projects look to layer 1 blockchains to build on?
A layer 1 blockchain is the foundational layer of a blockchain network that provides the underlying infrastructure for all other activities to take place on the network.
A layer 1 blockchain is the foundational layer of a blockchain network that provides the underlying infrastructure for all other activities to take place on the network.
Tokenization is a process that involves converting a real-world asset into a digital representation, known as a token.
Decentralized oracles are a crucial component of the decentralized finance (DeFi) ecosystem. They serve as a bridge between the decentralized blockchain world and the centralized off-chain world.
A crypto wallet is a digital wallet that enables individuals to securely store, manage and use cryptocurrencies such as Bitcoin, Ethereum, and others.
Blockchain technology has paved the way for a new type of organization - the Decentralized Autonomous Organization (DAO).
Characterized by decentralized technologies and the emergence of new business models and opportunities, Web3 allows for more secure, transparent and efficient transactions online.
The decentralized nature of Web3 technologies and the emergence of blockchain-based marketplaces have the potential to revolutionize the way we find and purchase goods and services online.