Layer 1 Blockchain

A Layer 1 blockchain is the foundational layer of a blockchain network that operates independently and manages its own data and transactions. It enables the creation of decentralized applications (dApps) and various protocols directly on its architecture without reliance on higher-level systems, thus facilitating faster transactions and scalability. Unlike traditional financial infrastructures, which rely on central entities, Layer 1 blockchains operate on decentralized protocols, providing trustless and permissionless access to users.