Layer 1 Blockchain

Layer 1 blockchain is the base network of a blockchain system that processes transactions and provides security without relying on another chain.

Layer 2 Blockchain

Layer 2 blockchain is a secondary protocol built on top of a Layer 1 chain to improve scalability, reduce fees, and speed up transactions.

Layer 3 Blockchain

Layer 3 blockchain refers to application-level protocols built on top of Layer 1 and Layer 2, focusing on user-facing apps and interoperability between systems.

Blockchain Layers

Blockchain layers are the different levels of a blockchain ecosystem, typically including Layer 1 (base network), Layer 2 (scaling), and Layer 3 (applications).

Crypto Environmental Considerations

Crypto environmental considerations refer to the energy use, carbon footprint, and sustainability impacts associated with cryptocurrency activity and networks.

Unspent Transaction Output (UTXO)

UTXO (Unspent Transaction Output) is a blockchain transaction output that has not yet been spent and can be used as input in a future transaction.

Ethereum Virtual Machine (EVM)

EVM (Ethereum Virtual Machine) is the software environment that executes smart contracts and decentralized applications on compatible blockchains.

Trust

Trust is the confidence that a system, person, or institution will behave reliably and as expected without needing constant verification.

Satoshi Nakamoto

Satoshi Nakamoto is the pseudonymous individual or group who created Bitcoin and authored its original whitepaper.