Discover and read the best of Twitter Threads about #layer1blockchains
Most recents (1)
1/10 Blockchain tech is composed of different layers, and #Layer1 is a fundamental part of this ecosystem.
It refers to the underlying infrastructure that serves as the foundation 4 a blockchain network, providing the basic functionality and sets the rules 4 the entire system
It refers to the underlying infrastructure that serves as the foundation 4 a blockchain network, providing the basic functionality and sets the rules 4 the entire system
2/10 Layer 1 blockchains, like @MultiversX, are often referred to as "base layer" or "on-chain" solutions. 📋
They handle key functions like:
✅ transaction #validation
✅#consensus mechanisms
✅maintaining the overall security and integrity of the blockchain.
#blockchain
They handle key functions like:
✅ transaction #validation
✅#consensus mechanisms
✅maintaining the overall security and integrity of the blockchain.
#blockchain
3/10 Layer 1 blockchains are designed to be
✅secure
✅decentralized
✅and immutable.
They have their own native #cryptocurrency 🪙 (in @MultiversX is $eGLD) and can support a wide range of applications and #smartcontracts.
✅secure
✅decentralized
✅and immutable.
They have their own native #cryptocurrency 🪙 (in @MultiversX is $eGLD) and can support a wide range of applications and #smartcontracts.
