Categories: Glossary

Layer-1 Blockchain

Understanding Layer-1 Blockchain

A Layer-1 blockchain is a set of solutions that enhance the underlying protocol itself, resulting in a more scalable system overall. The two main solutions at the Layer-1 level are changes in the consensus protocol and the implementation of sharding.

Consensus protocol changes involve transitioning from outdated and resource-intensive protocols like proof-of-work (PoW) to more efficient and faster alternatives like proof-of-stake (PoS). An example of a project that has adopted this approach is Ethereum.

Sharding is another commonly used method to improve scalability at the Layer-1 level. Instead of processing transactions one by one, sharding divides transaction sets into smaller data sets known as “shards.” These shards can then be processed simultaneously by the network.

A key advantage of Layer-1 solutions is that they do not require any additional layers to be added to the existing infrastructure.

Coincu

Share
Published by
Coincu

Recent Posts

Bitcoin Transactions Have Now Reached 1 Billion Milestone

Bitcoin transactions represent the movement of bitcoins from senders to receivers, digitally signed using cryptography…

1 hour ago

90% Of Stablecoin Transaction Volumes Have No Participation From Real Users

Visa's new metric finds that over 90% of stablecoin transaction volumes lack genuine user engagement.

1 hour ago

Network Contracts Liquidated: $75.9M Lost in 24 Hours, Shocking Traders!

Data from Coinglass has unveiled staggering figures of liquidated contracts, shaking both seasoned investors and…

15 hours ago

Sui Token Supply Is Controversial When Over 84% Of Staked Tokens Are Controlled By Founders

Over 84% of the staked Sui token supply is controlled by the founders, raising centralization…

1 day ago

New Coinbase Class Action Lawsuit Is Attacking Exchange With Securities Listing Charges

The Coinbase class action lawsuit, echoing a previous case against the exchange, accuses it of…

1 day ago

Bitfinex Data Breach Is Now Causing Controversy, Tether CEO Voices Rebuttal

Tether's CEO, Paolo Ardoino, highlights discrepancies in the Bitfinex data breach, revealing that only a…

1 day ago

This website uses cookies.