Tag: Layer 1: Solving

Unlocking the mysteries of blockchain technology can seem daunting, but understanding its fundamental layers is crucial. Layer 1 blockchains, often referred to as the foundation, form the bedrock upon which decentralized applications (dApps), digital assets, and the entire Web3 ecosystem are built. In this post, we'll delve into the intricacies of Layer 1, exploring its architecture, common challenges, and the innovative solutions being developed to enhance its performance and scalability. What is Layer 1? Defining Layer 1 Blockchains A Layer 1 blockchain represents the base or primary network architecture of a blockchain system. It is the foundational layer responsible for validating and finalizing transactions. This layer determines the consensus mechanism (Proof-of-Work, Proof-of-Stake,...