Understanding how the web convention was fabricated utilizing layers can assist with portraying the Bitcoin organization and how it can foster likewise.
Q: What does "Layer 2" mean? Might we at any point liken it and give models back to the ongoing web foundation and how we interface with that to make it absorbable? I observed that clarification is generally useful.
Nate: So the web is decentralized data. Bitcoin is decentralized cash. At the point when the web was first being assembled by masters quite a while back, they [engineers] were simply eager to pass pieces and bytes to various school grounds. Not a solitary one of them knew of music real time, video web based, what we're doing at present, no part of that was conceivable.
Different convention layers must be based on the web on the TCP/IP convention. I'm not a specialist on it, but rather the thing we're doing right presently is connecting with five or six layers of that base web convention. That increments things like throughput, transfer speed and quality, all that sort of stuff.
So the web is this layered cake that you can envision. You could Google "web convention layers," and I'm almost certain there's a few cool designs for that. Furthermore, Bitcoin is barely 12 years of age now or something to that effect? Layer 1 is perfect. It's exceptionally protected. It's unchanging, oversight safe, this large number of truly cool elements. Be that as it may, the throughput has an issue in the event that you force worldwide money on top of it.
Layer 2 is this thought where you could do bitcoin exchanges without topping the blocks or jam off the lines of the base layer. We may as yet have that security contraption as it were, yet in addition get the moment settlement and irrevocability without connecting with that [base layer]. Lightning Network is one proposition of that block.
Blockstream has something many refer to as the Liquid Network where you essentially move bitcoin off of the Bitcoin base layer — you're not really doing that, yet that assists you with envisioning it. Lightning is comparative, however unique since Lightning has this kind of hub tattle network framework. Pretty much taking a similar idea worked for the web and applying it to this new cash on the grounds that bitcoin is the cash of the web, but on the other hand it's the web of cash in that regard.
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