Layer1 and Layer2 Blockchain Explained
https://youtu.be/s14lU9lvxy4?si=-To_SLqShACeclET
#crypto #cryptocurrency #blockchaintechnology #blockchain #blockchain101 #bitcoin #ethereum
MultiversX: Blockchain Sharding 101 - Lucian Mincu. Ep. #559 In 2017, Vitalik Buterin defined the ‘Scalability Trilemma’ which consisted of 3 attributes that every blockchain had to balance depending on its intended use cases: decentralisation, scalability and security. While Ethereum sacrificed scalability in favour of security and decentralisation, others prioritised throughput over the other two. However, a solution was proposed, inspired from Web2 computer science - sharding. Despite the fact that Ethereum’s ossification and significant progress in zero knowledge research led to a shift in Ethereum’s roadmap away from execution sharding towards L2 rollups, there were other L1s that were