Layer-1 Blockchain
| Layer-1 Blockchain refers to a collection of solutions that aim to improve the core functionality of the protocol. These solutions can be divided into two main categories: those that improve the security of the protocol and those that improve its scalability. Security solutions for Layer-1 Blockchain include things like increasing the number of confirmations required for a transaction to be considered valid, or introducing new mechanisms to prevent double-spending. Scalability solutions, on the other hand, focus on increasing the number of transactions that the protocol can handle without compromising its security or decentralization. One of the most promising scalability solutions for Layer-1 Blockchain is sharding, which involves dividing the network into multiple smaller networks, or shards. Each shard processes a subset of transactions, which results in a significant increase in throughput. Another promising solution is Plasma, which is a framework for creating scalable decentralized applications on top of Layer-1 Blockchain. Layer-1 Blockchain is still in its early stages of development and there is a lot of work that needs to be done in order to make it ready for mainstream adoption. However, the potential of the protocol is undeniable and there is a lot of excitement around its future. |
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