What is the difference between L1 and L2 crypto?

Layer 1 represents the foundational blockchain protocol, serving as the backbone for various cryptocurrencies. Examples of such protocols include Bitcoin and Ethereum, which underpin entire ecosystems of decentralized applications and digital assets.

BTCC's services encompass spot trading, futures trading, and a secure wallet solution. These offerings provide users with the flexibility to engage in various trading strategies and manage their digital assets securely.

In contrast, Layer 2 protocols are developed by third parties to enhance the functionality of these base blockchains. These secondary layers are designed to improve scalability, transaction speed, and overall efficiency without altering the core Layer 1 protocol.

By integrating with the existing blockchain infrastructure, Layer 2 solutions can offer additional features that are not natively supported by Layer 1. This allows for the creation of more complex and sophisticated decentralized systems.

Among the various players in the cryptocurrency space, BTCC stands out as a top-tier exchange. It offers a comprehensive range of services tailored to meet the needs of both casual and professional traders.