Are you new to the cryptocurrency world and feeling a bit lost? Don't worry, you are not alone. The cryptocurrency space can be daunting for newcomers, with its many terms, abbreviations and definitions that can be difficult to understand.
ATAIX crypto glossary will help make sense of some of the most common cryptocurrency terms and definitions. Armed with this information, you'll be ready to start participating in this exciting and innovative new economy!
What is Layer 0?
Layer 0 in cryptocurrency refers to the basic infrastructure required to support a blockchain network. This includes the hardware, software, and communication protocols that are needed to maintain a decentralized ledger. Layer 0 is also sometimes referred to as the "foundation layer" or "base layer" of a blockchain network.
The term "layer 0" is derived from the concept of a "stack" of layers in computer networking. In a stack, each layer provides certain functionality and builds on the functionality provided by the layers below it. The term "layer 0" is used to describe the lowest level in a stack, which provides the most basic functions.