Law of supply and Layer 1 network: Difference between pages

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imported>Doug Williamson
(Create the page. Source: ACT CertFin ESA p9.)
 
imported>Doug Williamson
(Create page - source - Binace Academy - https://academy.binance.com/en/articles/what-is-layer-1-in-blockchain)
 
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'' Economics. ''  
''Blockchain.''


As the selling price of a good increases, the quantity supplied increases.
(L1).
 
A layer 1 blockchain network is one that can validate and finalise transactions itself, without the need for any other network.
 
Examples include Bitcoin and Etherium.




== See also ==
== See also ==
* [[Law of demand]]
* [[Altcoin]]
* [[Supply]]
* [[Bitcoin]]
* [[Supply curve]]
* [[Blockchain]]
* [[Blockchain Governance Initiative Network]]  (BGIN)
* [[Centralised finance]]
* [[Coin]]
* [[Crypto-assets]]
* [[Cryptocurrency]]
* [[Data]]
* [[Database]]
* [[Decentralised finance]]  (DeFi)
* [[Digital asset]]
* [[Digital currency]]
* [[Distributed ledger]]
* [[Ether]]
* [[Fintech]]
* [[Layer 2 network]]
* [[Non-fungible token]]
* [[Payments and payment systems]]
* [[Platform]]
* [[Ripple payment protocol]]
* [[Smart contract]]
* [[Stablecoin]]
* [[SWIFT gpi]]
* [[Token]]
* [[TradFi]]
 
[[Category:Technology]]

Revision as of 09:21, 21 July 2022

Blockchain.

(L1).

A layer 1 blockchain network is one that can validate and finalise transactions itself, without the need for any other network.

Examples include Bitcoin and Etherium.


See also