DogCoin (DOGS) a Layer 2 Blockchain protocol can challenge the Shiba Inu
DogCoin is a Tier 1 project that aims to solve the problem of slow and expensive transactions by providing cheap, fast and secure transactions so that players can enjoy the best possible gaming experience.
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What is Layer 1 Blockchain?
The term Layer 1 (L1) in the blockchain context refers to the most basic chain in a network. It provides basic services such as recording transactions in the ledger and guarantees security. Bitcoin was not called “L1” when it first appeared because of its uniqueness at the time. With the introduction of Ethereum, Blockchain technology gained more prominence through smart contracts. As usage increased, it became apparent that regular single blockchains may not be able to support or handle the massive traffic load efficiently. Thus, scaling strategies were adopted by building them “on top” of existing basic infrastructure.
Advantage of Layer 1 Blockchain?
Layer 1 blockchain technology has the highly valued feature of scalability. This type of network is designed to better respond to an ever-increasing user population.
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Layer 1 chains provide both a secure, decentralized environment and draw on economic viability for higher throughputs. Moreover, there is no need to add anything extra to the existing architecture, as there are Layer 1 scaling solutions that can be used when introducing new tools and innovations in base protocols.
As they have direct access to the source of truth, Layer 1 blockchains are seen as the ultimate authorities when it comes to transaction results; They even have their own native token that allows users to access their resources.
How does DogCoin use Layer1?
DogCoin moved from layer 2 to layer 1 to make transactions fast and cheap, Dogcoin plans to increase the block size so they can process more transactions in each block, More transactions per block will make the network fast and also help the gaming and web3 industry.
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How is DogCoin different from other Layer 1 Blockchain projects?
Dogcoin is a brand new blockchain with DAPP functionality, allowing developers and users to create unique programs and applications. The DogCoin network offers more flexibility than other cryptocurrencies. Games, smart contracts and decentralized applications are all possible on the DogCoin network.
All of these features are supported by a cutting-edge network that includes support for sidechains, enabling scalability and targeting resource needs that other coins do not offer. Developers can also earn a portion of the fees given by players, making it easy for dapp developers to flourish in this environment.
Disclaimer: This article is a paid publication and has no journalistic/editorial involvement from Hindustan Times. Hindustan Times does not endorse/subscribe to the content of the article/advertisement and/or the views expressed herein.
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