Core Value of Layer-1 Blockchains
Layer-1 blockchains, as the foundational infrastructure of the entire crypto ecosystem, bear the critical responsibilities of recording transactions and maintaining secure consensus. From Bitcoin's proof of work to Ethereum's transition to proof of stake, and to the continuous innovation of emerging public chains, Layer-1 blockchains are addressing core bottlenecks such as scalability, speed, and cost, fueling the rapid development of second-layer and third-layer protocols.
What is a Layer-1 Blockchain?
A Layer-1 blockchain, also known as the base layer, is the core network that executes and records transactions. Unlike Layer-2 solutions built on existing blockchains to enhance scalability, Layer-1 protocols are independent networks with their own consensus mechanisms and security models. These networks ensure decentralization, security, and transparency, serving as the indispensable foundation of the digital asset world.