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Zoma
Zoma
Why Pi network L1&L2 on OKX? The reasons can be detailed as follows: ​1. Layer 1 (L1) - The Foundational Blockchain ​Layer 1 refers to the primary or underlying blockchain network (Mainnet). ​Infrastructure: Pi Network has its own proprietary blockchain (based on the Stellar Consensus Protocol). Transactions are directly recorded and verified on this main network. ​Security: Much like Bitcoin or Ethereum, Pi Network is considered an L1 because it operates its own nodes and maintains its own security validation mechanisms. ​2. Layer 2 (L2) - The Scaling Network ​Layer 2 is a network built on top of the main blockchain (L1) to increase transaction speed or provide additional services. ​Speed and Low Fees: These are solutions that process transactions off-chain to prevent congestion on the main network, eventually reporting the final state back to the L1. ​Ecosystem: Pi Network may utilize L2 structures to make the platform more hospitable for various Pi Apps and marketplaces. ​Why are both terms used? ​On trading platforms (such as OKX, as seen in your image), "Layer 1 & 2" might be listed for the following reasons: ​Versatility: While Pi Network is fundamentally an L1, it is expected to use L2 technologies in the future to bridge with other networks or streamline transaction efficiency. ​Technology Tagging: Exchanges use these tags to categorize a project. It signals that the project has its own blockchain (L1) and is also compatible with smart contracts or secondary applications (L2). ​V26.0 Update: New software versions, such as V26.0, often enhance the blockchain's scalability. This update brings the project closer to modern Layer 2 solutions. ​In short: Think of Layer 1 as the main "highway," while Layer 2 represents "express lanes" or "overpasses" built to reduce traffic congestion on that highway. Pi Network aims to combine both to build a fast and secure payment system. Follow me @Zoma news update.

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