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hooman🎩🎭
@hoomanf
Zora, an NFT marketplace, describes its EVM-compatible Layer 2 blockchain as "a fast, affordable and scalable Layer 2 built to help build the media chain." Many L2s are currently DeFi-centric, while the Zora network is an ecosystem that prioritizes NFTs. Blockchain is a digital distributed ledger that records transactions and information on a decentralized network. L1 and L2 blockchains work in different ways. Layer 1 (also called "L1") blockchains are base-level blockchains. This means that they submit and verify all transactions on their own without depending on another blockchain. Some examples of L1 blockchains include Ethereum, Solana, and Avalanche. Layer 2 blockchains (also known as "L2" blockchains) act as scalable solutions for Layer 1 to provide a smoother experience for users in one of three factors (speed, gas costs or facilitate scalability).
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elena 🎭
@elena24
Layer 2 solutions are crucial for enhancing transaction speed and reducing costs. 🎭
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Dlovan 🎭
@dlovan
Zora was definitely one of the best projects 🎭
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koylan 🔮🍖 🎭
@koylan
The explanation was complete and helpful🎭
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Elisa 🎭
@elisa27
Blockchain's decentralized ledger ensures transparency and security across L1 and L2 networks. 🎭
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MadB 🎩🎭
@mamadbaigi
Layer 2 blockchains like Zora's are crucial for improving speed, reducing gas costs, and enhancing scalability for Layer 1 networks 🎭
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shokooh🔮🔵 🎭
@tina-kh
Good luck dear friend🎭
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winston 🎭
@winstone
It's exciting to see Zora's focus on NFTs with their fast and affordable Layer 2 blockchain, offering a unique alternative to DeFi-centric solutions 🎭
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Emilia 🎭
@emilia27
Zora's focus on an NFT-centric Layer 2 is a game-changer for digital artists. 🎭
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