Layer 1 and Layer 2 of Bitcoin played a key role in unveiling the true potential of the Bitcoin blockchain network.
However, to understand why Layer 2 networks are needed, we need to take a step back and examine Bitcoin's Layer 1 network in depth. After all, defining what L1s, L2s, and sidechains are is critical to understanding how a main chain interacts with scaling solutions.
Our Learning Center will delve into what Layer 1 blockchains consist of, what makes Bitcoin's Layer 1 network unique, how the blockchain platform operates, and why common Layer 2 scalability solutions are important for Layer 1 scaling efforts.
What is Layer 1 in Blockchain?
First, we need to understand what L1 is.
In blockchain technology, Layer 1 refers to the foundational layer of a cryptocurrency blockchain protocol. This layer forms the basis of blockchains and is responsible for the network's core functions, including transaction validation, consensus mechanisms, and security.
Layer 1 network is where the protocol rules and governance of the blockchain are established. It is the layer that defines how transactions are processed, validated, and recorded on the blockchain. #Bitlayer @BitlayerLabs