📌 L0 and L1 are concepts associated with layers in the blockchain. L0 is the base layer that provides the framework for building blockchains.
▪️It includes the software and hardware needed to communicate between nodes and transfer data, including protocols and other elements. L0 is often called the “Internet of Blockchains” because multiple blockchains can be built on a single L0 network.
▪️L1 is the first layer of the blockchain. It is a blockchain that performs basic functions such as data transfer. Each L1 has its own structure, including consensus mechanisms, accounting systems, a programming language, and often its own token. L1 is where the bulk of the work happens to perform the core functions of the blockchain.
▪️Typically L1 blockchains require more energy to operate as they process more data and perform complex operations. Examples of L1 blockchains are Bitcoin, Ethereum, Solana and others.
▪️ L0 and L1 are important components of the blockchain and ensure its functioning and efficiency.
