Fincor Blockchain

How is the transaction fee formed in blockchain

Did you know that blockchain protocols can be divided into three classes?

✔️Layer 1, where blockchain is a technology function. This is the layer where the magic of consensus works, whether PoW or PoS, where all incoming transactions are confirmed and encrypted, and written into the current block. Fincor is an L-1 solution and acts as a "blockchain of blockchains" in a cross-chain environment.

✔️Layer 2 is the layer at which blockchain as a functioning technology can scale. An example of an L-2 protocol is the Bitcoin Lightning Network, designed to process bitcoin transactions quickly.

✔️Layer 3 is responsible for the implementation of the blockchain protocol and the "superstructure" over it. Many dApps are L-3 protocols. Examples include Uniswap, PancakeSwap, etc.

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