Blockchain level 1

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A Layer 1 blockchain is or additional network solutions to confirm transactions, and enhance network.

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What Are Altchains? Layer 0, Layer 1, And Layer 2 Explained
Layer 1 is the fundamental base network of a blockchain platform. It executes all on-chain transactions and therefore acts as a public. A look at blockchain technology scaling solutions, including Layer-1 network upgrades and Layer-2 protocol solutions such as state channels and sidechains. Layer-1 blockchains validate and execute transactions without support from another network, and reimburse transaction fees with cryptocurrencies.

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What is the purpose of kitting out a blockchain with layers at all? Elrond is a layer-1 network founded in that uses sharding to improve its performance and scalability. Bitcoin, for example, uses a proof-of-work PoW consensus mechanism, requiring tremendous processing power to solve a complex equation in order to be allowed to record the next block in the blockchain. Is this article helpful?