Layer 1: Rethinking Consensus For Scalable Blockchains
Layer 1 blockchains are the bedrock of the decentralized world, the foundational infrastructure upon which countless applications, protocols, and digital assets are built. Understanding Layer 1, its strengths, weaknesses, and evolution is crucial for anyone navigating the complex landscape of blockchain technology. This deep dive will explore the intricacies of Layer 1, from its core function to its future trends.
What is Layer 1 Blockchain?
The Foundation of Decentralization
Layer 1 refers to the base blockchain network itself. It’s the fundamental architecture that validates and finalizes transactions, providing the security and consensus mechanisms upon which everything else is built. Think of it as the operating system for decentralized applications (dApps). Examples include Bitcoin, E...