Cool Web3 Opportunities + Blockchain 101: Understanding Layer 0 and Layer 1— Issue 011
Hello, amazing person,
Glory Praise, here again, your paddy in this web3 space. Last week, I kicked off a new series on all things blockchain! This week, we’re diving into Layer 0 and Layer 1 blockchains. Plus, I’ve added a new section with opportunities for both newbies and experienced Web3 enthusiasts. Let’s get started!
🌱 What’s New?
Now, let's talk about the layers of the blockchain. Blockchain layers are the different levels of infrastructure that work together to enable the operation of a blockchain-based system. Each layer builds on top of the previous one, leveraging the infrastructure of the previous layer.
This week, we will be focusing on Layer 0 and Layer 1.
What is Layer 0?
Layer 0 is the foundation of the blockchain network. Think of it like the internet cables and routers that make up the backbone of the internet. It provides the underlying infrastructure that supports the entire blockchain ecosystem. Layer 0 connects different layer 1 blockchains, enabling them to communicate and interact. This layer ensures that blockchains can exchange information seamlessly, much like how different networks on the internet can interact with each other.
Examples of Layer 0:
Polkadot: Polkadot is designed to connect various blockchains, allowing them to transfer data and assets across chains smoothly.
Cosmos: Cosmos aims to create an "Internet of Blockchains," where different blockchains can interact and share data without issues.
What is Layer 1?
Layer 1 is the actual blockchain network itself. This is where the core operations of the blockchain take place, including transactions and the creation of new blocks. Layer 1 blockchains are the main blockchains that you might have heard of, like Bitcoin and Ethereum. These blockchains are responsible for maintaining the ledger and ensuring that transactions are secure and transparent.
Examples of Layer 1:
Bitcoin: Bitcoin is the first and most well-known blockchain, as well as a digital currency allowing for peer-to-peer transactions.
Ethereum: Ethereum goes beyond just transactions; it allows smart contracts to run on it, which are self-executing contracts with the terms directly written into code.
The next time you hear about Layer 0 or Layer 1 blockchains, I hope you get it!
Layer 0 is like the foundation, making sure everything is connected and can communicate, while Layer 1 is where the actual blockchain operations happen.
Watch out for the next newsletter, exploring Layer 2 and Layer 3.
💡 Opportunity Finds
Superteam Earn: Dive into the world of crypto and blockchain by participating in Superteam Earn's "work-to-earn" platform. This initiative offers various tasks and projects that reward you with cryptocurrency. Enhance your skills, contribute to exciting projects, and get paid in crypto. Start earning today!
OnlyDust: For developers, join OnlyDust and become part of a community dedicated to forging a legacy in decentralized development. Whether you're a seasoned developer or just starting, OnlyDust provides resources and projects to help you make your mark in the blockchain world. Start now!
Devcon SEA Scholars Program: Apply for the Devcon SEA Scholars Program and secure a chance to attend Devcon in Southeast Asia. This scholarship is open to 100 scholars across four categories, including Ethereum community organizers, artists & sci-fi writers, law students & legal professionals, and other builders looking to deepen their knowledge and network with industry leaders. Apply now and take the next step in your career!
🎥 Latest YouTube Video
🎬 Video Title: "What are Gas and Gas Fees In Crypto? - Understanding Gas and Gas Fees”
In this video, I break down all you need to know about gas, gas fees, and transaction fees in the blockchain.
📅 Upcoming Web3 Events
🔍 Event Name: African Tech Expo
📍 Location: Lagos
📅 Date: 22nd June, 2024
Learn more: https://www.africatechnologyexpo.com/
🔍 Event Name: Plasmacon
📍 Location: Tokyo
📅 Date: 31st July, 2024
Learn more: https://plasmacon.tech/
👋 Connect with Me
To feature your event or share news in my newsletter, reach out through ⬇️:
Social Media: Twitter | LinkedIn
🔗 Subscribe to My Youtube Channel here: Glory Praise Emmanuel
📝 Subscribe and Join the Community
If you enjoyed reading this and are not subscribed, click the "Subscribe" button to join our amazing community. Share if you are already a part of this cool community. Let's learn, grow, and thrive together in the Web3 space.
Talk soon,
Glory Praise Emmanuel