A Quick Info Session to Brighten Your Day For Thursday 3/30/23
💭🤔Personal Development Thought of the Day: ""Watch your thoughts; they become words. Watch your words; they become actions. Watch your actions; they become habits. Watch your habits; they become character. Watch your character; it becomes your destiny."— Lao-Tze
🎼🎵Jam of the Day: the Intro from the Flamerz 5 mixtape by Meek Mill
👾💸Crypto Check: We’re talking about Uniswap layer 2. The Uniswap platform enables users to trade cryptocurrencies without any involvement with a centralized third party. The Uniswap blockchain is hosted on the Ethereum platform and governed by UNI holders.
To understand Layer 2, we start with Layer 1. The Layer 1 network of the Uniswap Protocol is the Ethereum blockchain.
All trades and liquidity transactions are processed by the Ethereum network and stored in the Ethereum blockchain. The Ethereum network is only able to handle a certain level of transactions each day.
As demand for Ethereum has grown, more people have begun bidding for the right to process a transaction on Ethereum.
As a result, the cost to process your transaction has increased - sometimes costing hundreds of US Dollars.
A Layer 2 is a second network or blockchain built on top of the Layer 1 Ethereum blockchain while preserving the security and decentralization guarantees of Ethereum.
https://support.uniswap.org/hc/en-us/articles/7424975828749-What-is-a-Layer-2-
📝📮Tip to Take: DRINK MORE WATER 🙂
#HaveANiceDay, Wen
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