Layer 1 vs layer 2 blockchain meaning and comparison

Layer 1 vs layer 2 blockchain meaning and comparison

Scalability is critical to the long-term viability of today’s blockchain. If you’re familiar with the blockchain space, or even a beginner looking to get started, you’ve probably heard the terms “layer-1” and “layer-2.” SmartOSC will help you understand the Layer 1 vs Layer 2 blockchain meaning and comparison in this article. 1. Layer 1 vs […]

Meaning of hard fork and soft fork in blockchain

Meaning of hard fork and soft fork in blockchain

The blockchain platform is based on the exact mechanism for updates and improvements. Decentralized applications, such as cryptocurrencies on a blockchain platform, require a separate, more complex methodology. In contrast, centralized network operators can rapidly upgrade their software with innovative elements at the click of a button. A fork is a distinct method of updating […]