wewake (27)in #smartcontract • 2 years agoReal life example of smart contractLet's say you want to purchase a property from someone, but you want to ensure that the transaction is secure and…wewake (27)in #eth • 2 years agoWhat is Ethereum Virtual Machine?The Ethereum Virtual Machine (EVM) is a key component of the Ethereum blockchain platform. It is a virtual machine…wewake (27)in #blockchain • 2 years agoSome Layer 2 blockchain for ETHSure! Here are some Layer 2 solutions for Ethereum (ETH): Polygon (formerly Matic Network): Polygon is a Layer 2…wewake (27)in #web3 • 2 years agoWhat is Web 3.0?Web 3.0, also known as the decentralized web, refers to the next generation of the internet that is envisioned to be…wewake (27)in #blockchaininformation • 2 years agoCan there be multiple Layer2 networks for one Layer 1 network?Yes, it is possible to have multiple Layer 2 networks connected to a single Layer 1 network. This allows for a diverse…wewake (27)in #blockchaininformation • 2 years agoIf I send 1 ETH and during congestion, will the ETH be sent via Layer2 network?No, if you send 1 ETH on the Ethereum network, it will be processed and settled on the Ethereum mainnet (Layer 1).…wewake (27)in #blockchain • 2 years agoHow does Layer 2 blockchain work?Imagine you have a busy restaurant where customers place their orders at the counter, and the kitchen prepares the…