A base blockchain that settles its own transactions and provides security for everything built on top, such as Ethereum, Bitcoin, or Solana. Layer 1s are the foundation of their ecosystems but can be slow or expensive under load, which motivates Layer 2 scaling solutions.
Web3 Basics
Layer 1 (L1)
Related terms in Web3 Basics
Web3
The vision of an internet built on public blockchains where users own their data, assets, and identity instead...
Blockchain
A shared database duplicated across thousands of computers, where records are grouped into blocks and linked i...
Cryptocurrency
Digital money secured by cryptography and recorded on a blockchain, allowing people to send value directly wit...
Token
A digital asset created and managed by a smart contract on an existing blockchain, rather than having its own ...