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Question
What distinguishes a Layer-1 blockchain from Ethereum's Layer-2 networks?
1
Layer-1 blockchains are open to public development while Layer-2 networks require special access
2
Layer-1 blockchains are controlled by governments while Layer-2 networks are privately operated
3
Layer-1 blockchains use proof-of-work consensus while Layer-2 networks use proof-of-stake
4
Layer-1 blockchains are independent base networks that process and settle their own transactions; Layer-2 networks are built on top of an existing L1 (like Ethereum) and rely on the L1's security while processing transactions off-chain for speed and cost efficiency
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