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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.
June 27, 2022
Happy Monday, everyone! In this edition of Ember Nuggets, we'll be covering the fallout of CeFi crypto platforms, a quick look into Web3 cell phones, and a macro market update.
June 24, 2022
Thank you to everyone who has participated in the third season of the mining program! The Ember team is proud to announce the start of Mining Season 4!
June 22, 2022
Welcome to the May recap! It's been a wild month in the space, but we remain bullish on the long-term outlook.