📌What is layer 1?

A layer-1 network is another name for a base blockchain. BNB Smart Chain (BNB), Ethereum (ETH), Bitcoin (BTC), and Solana are all layer-1 protocols. We refer to them as layer-1 because these are the main networks within their ecosystem. In contrast to layer-1, we have off-chains and other layer-2 solutions that are built on top of the main chains.

In other words, a protocol is layer 1 when it processes and finalizes transactions on its own blockchain. They also have their own native token, used to pay for transaction fees.

Layer 1 scaling A common problem with layer-1 networks is their inability to scale. Bitcoin and other big blockchains have been struggling to process transactions in times of increased demand. Bitcoin uses the Proof of Work (PoW) consensus mechanism, which requires a lot of computational resources.

While PoW ensures decentralization and security, PoW networks also tend to slow down when the volume of transactions is too high. This increases transaction confirmation times and makes fees more expensive.

Blockchain developers have been working on scalability solutions for many years, but there is still a lot of discussion going on regarding the best alternatives. For layer-1 scaling, some options include:

1. Increasing block size, allowing more transactions to be processed in each block.
2. Changing the consensus mechanism used, such as with the upcoming Ethereum 2.0 update.
3. Implementing sharding. A form of database partitioning.

Layer 1 improvements require significant work to implement. In many cases, not all the network users will agree to the change. This can lead to community splits or even a hard fork, as happened with Bitcoin and Bitcoin Cash in 2017.

source link :

📌What is a Near Protocol Blockchain?

It is a new public chain that aims to resolve the problem of sharing bandwidth between users and telecom providers. Near Protocol provides a solution that allows users to share and utilize their idle bandwidth through blockchain technologies. In addition, the Protocol offers a way to improve the payment transaction experience. It is a blockchain-based ecosystem that includes a next-generation DApp platform and a private chain with high throughput. Near Protocol will create the foundation for blockchain technology in the telecom industry.

How does Near Protocol work?

Near Protocol aims to resolve the problem of sharing bandwidth between users and telecom providers by using blockchain technology. In addition, the Protocol also provides a solution that enables a better payment transaction experience. Through the development of Near Protocol, we will work towards improving the ecosystem of blockchain technology in the telecom field.

What are the highlights of Near Protocol?

We have summarized the highlight of Near Protocol below:

• Telecommunication companies can issue tokens based on Near Protocol to collect funds. The capital raised through these tokens will build telecommunications infrastructure and offer services in emerging markets.
• There is no transaction fee for holders of NRC 20 tokens, which allows it to function as a stablecoin for use in micro-payments and cross-border transactions.
• The DApp platform on Near Protocol offers features like intelligent escrow contracts that make hiring freelancers far more efficient and secure than conventional methods such as freelancing websites or Craigslist.
• Moreover, Near Protocol is better for the environment because it does not produce massive amounts of CO2 like other traditional methods of payment that are harmful to the environment.
• Near Protocol is backed by a team with years of experience in the telecommunications industry committed to making the platform work long-term.
• Finally, Near Protocol aims to reduce censorship and fraud by using blockchain technology. Blockchain enables users to securely hire freelancers from all over the world without any worry about their ID or if they are safe due to blockchain technology being able to verify every transaction.

source link :

📌 Overview

in this dashboard,I will review the following

• In the first stage, a brief introduction to ….
• 📌Why is FTX falling ?
• Price chart FTX token
• Total volume USD inflow & outflow in Ethereum Network
• Total Transaction USD inflow & outflow in Ethereum Network
• top 20 token Inflow & outflow
• top Exchange
• Analyze each chart
• General conclusion about the dashboard

🖋️ Methodology

• I Used near.core.ez_dex_swaps Table in getting the Total Swap and near.core.fact_transactions tables in getting the Total Transaction in near

🔍Question