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Layer 1 blockchains are the underlying blockchains in the main architecture. For example, Bitcoin and Ethereum Mainnet are layer 1 blockchains.
Layer 2 blockchains are secondary blockchains that operate on top of the main blockchain, aka layer 1. The whole purpose of having a layer 2 blockchain is to improve scalability and cost efficiency (yay minimal gas fees).
An example of a layer 2 blockchain would be Bitcoin Lightning Network, which is a layer 2 solution for Bitcoin. Leading layer 2 solutions for Ethereum are: Polygon (MATIC), Arbritrum, Loopring.
Ember Fund is now currently building on Polygon, allowing us to offer many more exciting portfolios in the future.
November 21, 2022
Welcome to the October 2022 Recap Newsletter! We hope everyone is safe & sound. Despite November being one of the wilder months in a while (given all the news), last month was a strong one for crypto.
November 16, 2022
The Ember team is proud to announce the launch of our latest investing feature: Recurring Deposits
November 15, 2022
With all the news around FTX, we felt it would be helpful to run through what non-custodial wallets are and why they’re important.