When we talk about blockchain protocols there are 3 different types that come to our mind: Layer 1, Layer 2, and Layer 3.
What is Layer 1 in Blockchain?
The foundation blockchain is often referred to as the layer-1 network. It serves as the primary network of the ecosystem, blockchain is referred to as layer 1. The term “on-chain networking” is also frequently used to describe these Layer-1 scaling methods.
The blockchain network’s foundational technology is referred to as Layer 1. The basis for the other levels is provided by this layer. It contains the data structures, cryptographic techniques, and consensus processes required for the blockchain network to function.
How transactions are verified and new blocks are added to the blockchain are both governed by the consensus process. Proof of Work (PoW) and Proof of Stake (PoS) are the two consensus procedures that are most frequently utilized. PoW is used by the Bitcoin network and requires participants to perform computationally
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