Layer-1 Blockchain
A layer-1 blockchain is the main network that handles transactions and data directly, without needing other layers to support it.
More terms under L
- Law of Accelerating ReturnsThe Law of Accelerating Returns suggests that technology improves at an increasing speed over time, meaning advancements happen faster and faster as time goes…
- Layer 0Layer 0 is the basic network that supports blockchains. It includes the rules, connections, hardware, and miners that create the foundation for blockchain…
- Layer 2Layer 2 refers to a technology that helps blockchains process more transactions quickly while still keeping the security of the main blockchain it is built on.
- Leased Proof of Stake (LPoS)Leased Proof of Stake (LPoS) is a way for people who own cryptocurrency to temporarily share their coins with network nodes, helping to secure the network and…
- LedgerA ledger is a record that keeps track of transactions and can only have new transactions added to it, not changed or erased.
- Lending PoolLending pools are smart contracts that allow anyone to lend or borrow cryptocurrency without needing permission.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.