Layer 1 functions as the security layer that protects data off transactions in a way that is immutable, and secured cryptographically without a central authority. L1 projects like Bitcoin, Ethereum, Cardano, and many others operate on their own native blockchain and the cryptocurrency serves as the fuel for the whole network.
Whereas L1 infrastructures like Polkadot and Binance Smart Chain have utilized the opportunity to present a more scalable solution by adopting a variant of the PoS consensus mechanism, therefore, decreasing the network congestion.
To know more about Layer 1 infrastructure in the crypto space, access our TradeDog Sectoral Watch wherein you will find detailed information and analytical aspects including
- Report Introduction
- About L1 Infrastructure
- Market Opportunity
- Top 10 L1 projects (Q1, 2021)
- Fundraising Records
- Analyst’s Remark