Layer 1 network
From ACT Wiki
Blockchain.
(L1).
A layer 1 blockchain network is one that can validate and finalise transactions itself, without the need for any other network.
Examples include Bitcoin and Ethereum.
See also
- Altcoin
- Bitcoin
- Blockchain
- Blockchain Governance Initiative Network (BGIN)
- Centralised finance
- Coin
- Crypto-assets
- Cryptocurrency
- Data
- Database
- Decentralised finance (DeFi)
- Digital asset
- Digital currency
- Distributed ledger
- Ether
- Ethereum
- Fintech
- Layer 2 network
- Non-fungible token
- Payments and payment systems
- Platform
- Ripple payment protocol
- Smart contract
- Stablecoin
- SWIFT gpi
- Token
- TradFi
