Layer 1: The Future Of Consensus Emerges
Layer 1 blockchains form the foundation of the entire decentralized ecosystem, much like the infrastructure supporting a bustling city. They are the base layer upon which all other decentralized applications (dApps), DeFi protocols, and crypto assets are built. Understanding their intricacies is crucial for anyone involved in the blockchain space, from developers to investors to everyday users. This article delves deep into the world of Layer 1 blockchains, exploring their architecture, characteristics, challenges, and the innovative solutions being developed to overcome them.
What is a Layer 1 Blockchain?
Defining the Base Layer
A Layer 1 blockchain is the foundational layer of a blockchain network. It is the main chain that handles transaction validation, security, and consensus mechanis...