What is Layer 1 & Layer 2?
NOTE: As you cruise along this series, you will notice how fast the DeFi space is; both in terms of execution and change. So if you happen to spot a discrepancy between what is being said and what is shown on screen, particularly in regards to numbers, it is due to the rapid nature of DeFi. Keep it in mind and have a look at the links provided below for the updated data.
At first glance, DeFi — or decentralised finance, can appear a little intimidating to get started with. For those who feel lost or don’t know where to begin, we’ve put together a series of 30 films that will gently place you into the world of DeFi and explain what it is, how it works, and where to get started. We will cover the basics, and a little extra, concisely as possible. It is up to you to take the leap of faith.
Graphics
https://decrypt.co/47293/ethereum-user-spends-9300-in-fees-to-send-120
https://medium.com/mycrypto/eth2-0-everything-you-need-to-know-eb32fbfe0bd
https://www.tokendaily.co/blog/the-state-of-ethereum-l2
https://medium.com/the-capital/layer-1-vs-layer-2-what-you-need-to-know-about-different-blockchain-layer-solutions-69f91904ce40
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The music in the background is distracting
DEEPWOKEE
You told me to kill myself and now i know who you are. Hi Robin. Remember me?
The deep calls
DEEPWOKEN?!?!?
Music too loud
Oh my this is crazy. Pretty. Why were the subtitles saying so something different?
not helpful with a bunch of blah blah…
thanks for the video
Watching this now, when he talks about world war 3 concerns itโs quite funny
Thanks for the video and you need to buy a new shirt bro
Would you make a video about layer 3? Your explanations are awesome. What is this layer 3 that Stakenet is claiming? They say they've combined layer 2 protocols to allow transactions on layer 3 and I wonder what it means.
Forty two??
Very informative, thanks. I wish you would also explain about layer 3 DEX. Stakenet XSN combines Lightning Network and Connext and allows DEX on layer 3, it's the first crypto ever done something like that. Do you know anything about it?
You think that you have explained something in this video… but I am more confused now then when I clicked on this video.
what is the need for layer 2s if layer 1s solve scalability and transaction fees?
if only you see the Eth gas fees as at today
Don't need layer 2 anymore if we have Kadena ๐
Do yourself a favor and Don't look at this guy while your listening
how about layer 1 kadena?
great content! thanks