Layer-1 blockchain

From HandWiki
Short description: Base protocol of a blockchain network

Layer-1 blockchain refers to the base protocol of a blockchain network that operates independently and can process and finalize cryptocurrency transactions without relying on another blockchain.

Bitcoin was the first Layer-1 blockchain. Others, such as Ethereum, Solana, and Radix, emerged to support more complex decentralized interactions through smart contracts and decentralized applications (dApps).[1][2]

Layer-1 blockchains differ from Layer-2 solutions, which are secondary protocols built on top of Layer-1 networks to enhance scalability and transaction speeds.[3]

References

  1. ↑ Song, Han; Qu, Zhongche; Wei, Yihao (2024). "Advancing Blockchain Scalability: An Introduction to Layer 1 and Layer 2 Solutions". arXiv:2406.13855 [cs.CR].
  2. ↑ Olson, Parmy (2019-01-09). "This Hermetic Engineer Is Plotting The Death Of Blockchain". Forbes. https://www.forbes.com/sites/parmyolson/2019/01/09/this-hermitic-engineer-is-plotting-the-death-of-blockchain/. 
  3. ↑ "Layer 1 vs. Layer 2: The Difference Between Blockchain Scaling Solutions" (in en). https://www.investopedia.com/what-are-layer-1-and-layer-2-blockchain-scaling-solutions-7104877. 



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