What is a Layer 1 blockchain?
Layer 1 blockchain (Layer 1) is the foundational infrastructure of the crypto ecosystem, responsible for transaction validation, asset settlement, and security assurance. These independent blockchain networks have their own consensus mechanisms and security models, enabling transaction and smart contract execution without relying on external systems.
Unlike second-layer solutions built on existing blockchains, Layer 1 is a completely independent network system. Through decentralization, security, and transparency, they ensure the stable operation of the digital asset world. From Bitcoin's pioneering design to Ethereum's evolution towards proof of stake, and to the emergence of high-speed blockchains, Layer 1 blockchains are continuously exploring solutions to network limitations.
What are the unique advantages of Layer 1 blockchains?
As the core infrastructure of cryptocurrencies, Layer 1 blockchains offer multiple values:
- Decentralization