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:
Written article on altchains - www.coingecko.com/learn/ultim...
Search for altcoins here - www.coingecko.com/
Solana - www.coingecko.com/en/coins/so...
Polkadot - www.coingecko.com/en/coins/po...
Avalanche - www.coingecko.com/en/coins/av...
Phantom Wallet - phantom.app/
Solend - solend.fi/
Solscan - solscan.io/
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

[@konradkarpienia5642]

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

[@askanddevanand4651]

Every1 feels the same😂😂

[@TheSevisgreen]

Oh no.... thank you for your comment. That prepares me for what to expect.

[@joshlul6479]

just had the same thought

[@Davidchendavid]

lol 6 year in the market here, yet I’m in the same boat as you :(

[@ItsRonJohn]

That comment captures my feelings perfectly

[@umershaikh944]

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

[@theShneeg]

Great video, thanks!

[@nathantice-officialchannel7358]

Thanks Coin Gecko team

[@HowToDrawwithMrGray]

Great video. Horrible distracting music.

[@desireappoh-ci4si]

Thanks for sharing

[@necroCODE]

FTX was ranked 2 in the CEX list IoI

[@col_invests]

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

[@CoinGecko]

Huh 😂😂😂

[@crypto-vq9xf]

Such a confusing way of explaining these concepts lol

[@joha737]

very good

[@CoinGecko]

Thank you! Cheers!

[@leesweets4110]

Youre just listing definitions; youre not explaining anything.

[@kryptodegen7985]

love it

[@GunterSchobel]

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

[@TheSevisgreen]

Dont u hate it when you have a great question

[@juny9445]

Polkodot is layer 0..how

[@VITRUVEO4life]

Vulcan block chain !

[@TechGod7]

Very confusing.

[@dmitryr1223]

im LOST

[@TutiDudu]

Cyba 🚀🚀🚀

[@moonlambo-mf2tw]

wen moon wen lambo

[@user-dv2cg5or4h]

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

[@user-um7tw6kx4r6]

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

[@leander9263]

lol for repeatetly mentioning Defi Chain here.

[@quranqibla]

#quranqibla

[@ap-nr3zi]

This explaination needs another explaination. 😂

[@foreverraining1522]

NOBODY says altchains. Everyone says Altcoins.

[@WilliamSussman]

Two different things entirely lol

[@user-um7tw6kx4r6]

Those are two different things that's why

[@lerobinalias8952]

FTX lol

[@ChairmanHehe]

altchain is a dumb term

[@decimaldotdot5582]

Shit ..its a scam