
Layer 1: Blockchains Redesign For Scalability And Security
Layer 1 blockchain technology forms the foundational bedrock of the decentralized world, offering the initial infrastructure upon which all other blockchain applications, from DeFi protocols to NFTs, are built. Understanding Layer 1 blockchains is crucial for anyone venturing into the world of cryptocurrencies, blockchain development, or simply wanting to grasp the underlying technology driving the digital revolution. This blog post will delve into the intricacies of Layer 1, exploring its architecture, consensus mechanisms, scalability challenges, and future prospects.
What is Layer 1 in Blockchain?
Defining Layer 1
Layer 1 refers to the base blockchain layer. It's the fundamental architecture upon which a blockchain network is built. This layer is responsible for:
Consensus: Defining how...