Blockchain QNA

What is a Single Chain? 

A single chain refers to a scenario where a coin operates on its own dedicated Web3 network.

What is Multi-Chain? 

A multi-chain setup occurs when a coin is supported across multiple blockchain networks for deposits and transactions.

What is the Difference Between a Token and a Coin?

A token is a newer concept that is built on an existing blockchain, whereas a coin represents a more established system with its own blockchain.

The Four Layers of Blockchain:

- Layer 1: Smart Contract Development  

- Layer 2: Web3 Development  

- Layer 3: DApps, DEX, and CEX Development  

- Layer 4: Exchange Development