What is layer one blockchain....?
Layer 1 blockchain refers to the underlying blockchain protocol or network that forms the basis of a decentralized system. It's the foundational layer that handles core functionalities like consensus mechanisms, transaction validation, and security. Examples of layer 1 blockchains include Bitcoin, Ethereum, and Binance Smart Chain. These networks operate independently and have their own native tokens. Layer 2 solutions, on the other hand, are built on top of layer 1 blockchains to enhance scalability and efficiency.
