What Are Altchains? Layer 0, Layer 1, And Layer 2 Explained

Altchains is an abbreviation for “alternative blockchains,” which refers to any blockchain other than Bitcoin or Ethereum. Altchains emerged in 2021 due to the scaling and transaction fee challenges facing Ethereum, and altchain dev teams have grasped this opportunity to build out more scalable and cheap blockchains to compete with Ethereum. In this video, we'll share some key insights on what these altchains are, what they do, how to use them, and more!

Links Mentioned:

Timestamps:
00:00 Intro
00:20 What are altchains?
00:52 Layer 0,1, and 2 explained
01:41 Sidechains exaplined
02:07 Altcoins explained
02:27 EVMs explained
02:43 How to use Altchains?
08:05 Closing thoughts

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#Altcoin #Altchains #blockchain #Layer0 #Layer1 #Layer2 #sidechain #ETH #BNB #SOL #DOT #AVAX #ADA

[umershaikh]

This video is more focused on funding than explaining the difference between blockchain layers...

[konradkarpienia]

I realised how little I still know after watching this :D

[leesweets]

Youre just listing definitions; youre not explaining anything.

[GunterSchobel]

How is Polkadot a layer 0 and Bitcoin, Ethereum and Solana Layer 1.

[HowToDrawwithMrGray]

Great video. Horrible distracting music.

[col_invests]

0:41 I like how Terra was edited out of the voice narration 😂

[TREETOPMUSIC-ef]

THIS IS A TERRIBLE EDUCATIONAL VIDEO. A THOUSAND CONCEPTS MASHED TOGETHER IS NO HELP TO ANYONE.

[crypto-vqxf]

Such a confusing way of explaining these concepts lol

[umtwkxr]

Clearly the CEX is not very reliable if FTX was ranked #2 lol

[axiomcurbcommunity]

We normally transfer our tokens not tranfer… this video made it more confusing what a waste of time

[paulhetherington]

/f(x)= 2''px lyr + df=4''px UI' xls < cntr mtxub(i.e. vfrr) orb + vrch || horz orb LN''/
/fs 2''px lyr < dub paltsm LN'' orb < ba dub mol < wn rolx chrw/
/krch woofrchz cnnon < fr: 4''px chnl frch < jrdz~tmp xls + mrk~lyr cnnon/
/prv LN'' < shp mtx~auch frchz || IIO + tn auch mtx arund <~mrkr lsr vk''chrpx/
/lv spchal LN'' mrkrs i.e. ston HUD < chpd pulch pttz < 3-vtDrR < dub mol cnnon/

[leander]

lol for repeatetly mentioning Defi Chain here.

[ap-nrzi]

This explaination needs another explaination. 😂

[foreverraining]

NOBODY says altchains. Everyone says Altcoins.

[paulhetherington]

Cannot be, any 0 f(x) u d(x)! ALT -- Answered liberal timed - Netherlands, Duch!
You claimed, 0= kuantum - of memory? On a - public damn net - simulated already!

[valmr]

Your explanation of NFTs was so helpful; I�m excited to learn more.