Layer 1 blockchains are the foundational blockchains.
They are independent and have their own unique protocols, consensus mechanisms (like Proof-of-Work, Proof-of-Stake), and tokenomics.
They handle all core functionalities of a blockchain network, including transaction validation, security, and network governance.
Examples:
#Bitcoin ($BTC):The first and most well-known cryptocurrency, known for its security and decentralization. 
#Ethereum(ETH): A popular platform for developing and deploying decentralized applications (dApps) and smart contracts.
#Binancesmartchain (BSC): A high-performance blockchain known for its fast transaction speeds and low fees.
#SOLANA (SOL): A high-speed blockchain that utilizes a unique Proof-of-History consensus mechanism.
#Pi Network: A Mobile Based Cryptocurrency where you earn it by mining on application without consuming battery. It is the first Digital Cryptocurrency for every day people .
#Mira Network: An Upcoming Mobile Based Digital Crypto which works on Proof Of Stake Mechanism, Mira Network is an innovative ecosystem built on the MIRA-20 blockchain, designed to drive real-world utility through tokenization, decentralized applications (dApps), and seamless transactions.By integrating Real-World Assets (RWA) and supporting a diverse range of dApps, Mira Network is poised to reshape the future of digital finance, focusing on stability, scalability, and long-term value.