Blockchain layer 1 Layer 1 blockchain is the underlying infrastructure of a blockchain network that defines the basic rules and features of the blockchain. It is the first layer of the blockchain architecture and deals with fundamental aspects such as the consensus mechanism, block creation, transaction processing, and network security. …

In blockchain technology, layers refer to different levels of abstraction or functionality that work together to enable the secure storage and transfer of data. Each layer provides a different set of functionalities and services that interact with other layers to form a complete blockchain network. …

Blockchain technology has been gaining a lot of attention in recent years due to its potential to disrupt many industries. It has been hailed as a revolutionary technology that could transform the way we conduct business, govern societies, and interact with each other. But what exactly is blockchain technology and…