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➖➖➖➖➖➖➖➖➖➖ Layer 1 vs Layer 2 | Simple guide to Blockchain scaling solutions 1. What is Lightning Network? ✅ A Layer 2 solution for Bitcoin that enables instant payments 2. What is Layer 1 in blockchain technology? ✅ The main blockchain where all transactions are recorded 3. What analogy was used to describe Layer 1 congestion? ✅ A busy motorway during rush hour 4. What do zero-knowledge rollups use to verify transactions? ✅ Cryptography to prove everything upfront 5. How much can Lightning Network reduce Bitcoin transaction fees according to the video? ✅ From $2.80 to $0.001 6. What happens when Layer 1 networks get congested? ✅ Fees go up and transactions slow down 7. What is the relationship between Layer 1 and Layer 2? ✅ They work together - Layer 1 provides security, Layer 2 provides speed 8. What is the main purpose of Layer 2 solutions? ✅ To process transactions off the main chain and improve speed 9. What do optimistic rollups assume about transactions? ✅ Everything is fine unless someone objects 10. Which Layer 2 solutions were mentioned for Ethereum? ✅ Arbitrum and Optimism 11. How much money is locked in Layer 2 solutions as of 2025? ✅ Over $42 billion 12. Which of these is an example of a Layer 1 blockchain? ✅ Bitcoin 5 must-have tools to DYOR in crypto | Research before you act 1. What does GitHub activity tell you? ✅ Whether developers are actively building. 2. Why should you care about token unlocks? ✅ They can affect a token's price significantly. 3. Why is checking on-chain data useful? ✅ It helps verify if a project has real usage. 4. What do CoinGecko and CoinMarketCap help you track? ✅ Real-time price, market cap, and supply. 5. Why is reading a project's whitepaper important? ✅ It explains what the project does and how it works. 6. What does “Do Your Own Research” mean in crypto? ✅ It means using tools to make informed decisions. 7. Why are CoinGecko and CoinMarketCap important? ✅ They provide essential coin data in one place. 8. What do platforms like TokenUnlocks show? ✅ Upcoming token release schedules. 9. What does Etherscan allow you to see? ✅ Real wallet activity and smart contract data. 10. Why can the crypto space feel overwhelming? ✅ Because there's hype, speed, and tons of projects. 11. How can social platforms help with research? ✅ They show real community engagement. 12. What's a red flag in crypto communities? ✅ Silence or constant hype without answers. ➖➖➖➖➖➖➖➖➖➖➖➖ 💬Chat ❕ 📹AllCode❕