Layer 1 definition
Definition
A Layer 1 is the main, core blockchain network itself, like Bitcoin or Ethereum.
It handles the security and final agreement (consensus) for all transactions that happen on it. L1s are the foundation, but they can get slow and expensive, which is why Layer 2 solutions are built on top of them to increase speed.
It handles the security and final agreement (consensus) for all transactions that happen on it. L1s are the foundation, but they can get slow and expensive, which is why Layer 2 solutions are built on top of them to increase speed.
keywords
AI-Generated Content Disclaimer
Important Notice: This content has been generated with the assistance of artificial intelligence. While we strive for accuracy, there may be errors or inaccuracies in the information provided. Please exercise caution and verify any information before making decisions based on it. This information does not constitute investment advice, financial advice, trading advice, or any other sort of advice. You should not treat any of the content as such. CryptoMeteo does not recommend that any cryptocurrency should be bought, sold, or held by you. Always conduct your own due diligence and consult with a financial advisor before making any investment decisions.