
Layer 1s Renaissance: Modular Futures And Shared Security
Layer 1 blockchains form the very foundation of the decentralized world, providing the infrastructure upon which all other applications and solutions are built. They are the public, foundational blockchains like Bitcoin, Ethereum, and Solana, responsible for processing and finalizing transactions, securing the network, and managing the ledger's state. Understanding Layer 1 is critical for anyone involved in cryptocurrencies, blockchain technology, or decentralized applications (dApps).
Understanding Layer 1 Blockchains
What is Layer 1?
Layer 1 (L1) refers to the base blockchain layer, the core architecture upon which everything else runs. It's the original blockchain design, responsible for the network's fundamental operations. Key characteristics include:
Security: Layer 1 chains employ v...