wiki:layer-two
Table of Contents
Layer 2
In blockchain terms, the actual chain is referred to as “layer 1.” With Hive, layer 1 on chain activities can be seen using block explorers such as Hiveblocks.com or hive.ausbit.dev or hiveblockexplorer.com
A layer 2 is off of the main chain, but draws information from the layer 1 chain. For instance, a website is certainly off of the Hive blockchain. Yet, the site might draw information from the original Hive chain.
Benefits of layer 2 solutions
- they can be quickly changed without a fork
- since they draw from the layer 1, the data is still immutable
Criticisms of layer 2 solutions
- they are often centralized
- blockchain purists trust only that which is on layer 1
Layer 2 examples on Hive
Hive-Engine tokens
Hive-Engine at https://hive-engine.com or https://tribaldex.com hosts many Layer 2 tokens.
“Hive Engine Classic” exchanges can be seen on the Exchanges page.
Hive-Engine tools
- A tool to convert the value of many H-E tokens to Hive or USD is at http://crrdlx.websavvy.work/heconverter/index.html.
- Generate Simple Moving Average (SMA) charts with this tool: https://cryptothesis.github.io/SMA_JS/LEO_SMA_v4.html
wiki/layer-two.txt · Last modified: 2023/04/08 13:10 by 2607:fb91:8c06:1a06:1006:62f:fffa:8de4