Tag: Layer 1s Energy

Layer 1 blockchains are the fundamental infrastructure upon which decentralized applications (dApps), digital assets, and the entire Web3 ecosystem are built. They provide the underlying consensus mechanisms, security, and transaction processing capabilities that enable blockchain technology to function. Understanding Layer 1 is crucial for anyone looking to delve deeper into the world of blockchain and cryptocurrency. This post will provide a comprehensive overview of Layer 1 blockchains, exploring their architecture, functionality, challenges, and future trends. What is a Layer 1 Blockchain? Defining Layer 1 A Layer 1 blockchain is the base layer of a blockchain network. It's the core architecture that processes and finalizes transactions directly on its own chain. Think of it as the fou...