Layer 1
A Layer 1 is a base blockchain network that processes and secures transactions directly.
✦ Key Insight
Layer 1 networks are the foundation for coins, tokens, apps, and ecosystems.
✕ Common Misconceptions
Assuming all Layer 1s are equally secure, decentralized, or fast.
Detailed Explanation
How It Works
The Layer 1 handles consensus, transaction settlement, security, and native fees.
FAQs
Is Ethereum a Layer 1?
Yes.
In Practice
Dig Deeper
Gas Fee
A gas fee is the cost paid to process a transaction or execute a smart contract action on a blockchain. It is the fee users pay to the network so their transaction can be included and confirmed.
Node
A node is a computer or device that participates in a blockchain network by storing, sharing, validating, or relaying data.
Blockchain
A blockchain is a decentralized digital ledger that records transactions in blocks, links those blocks together, and makes the record difficult to alter.
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