Layer 1 Blockchain Layer 1: blockchains refer to the base layer of a blockchain network, which is the foundational layer where the main blockchain protocol operates. It's responsible for handling the core functionalities of the blockchain, such as transaction validation, consensus mechanisms, and block creation. Examples of layer 1 blockchains include Bitcoin , Ethereum, and various other standalone blockchain networks. These networks have their own unique consensus mechanisms, governance rules, and native cryptocurrencies, and they serve as the underlying infrastructure for building decentralized applications (DApps) and conducting peer-to-peer transactions. Layer 2 Blockchain Solutions A Layer 2 blockchain refers to a secondary protocol or solution built on top of an existing blockchain network, often referred to as the "Layer 1" blockchain. The primary goal of Layer 2 solutions is to enhance the scalability and efficiency of the underlying blockchain by ...