What does L1 chain mean? A simple article explaining L1 chain
L1 chain, also known as the first-level blockchain, is the base layer protocol of the blockchain ecosystem. They provide a platform that allows developers to build applications and services on top of it. Core features of L1 chains include consensus mechanisms (such as proof-of-work or proof-of-stake), decentralization, and programmability.
What is L1 chain?
L1 chain, that is, the first-level blockchain, is the category of the underlying protocol in blockchain technology. The L1 chain provides the infrastructure that allows developers to build applications and services on top of it.
Features of the L1 chain:
- Consensus mechanism: The L1 chain is responsible for verifying and recording transactions, using a consensus mechanism such as workload Proof of Stake or Proof of Stake) to reach consensus.
- Decentralization: The L1 chain is controlled by the community rather than a single entity, making it decentralized and everyone can participate in verifying transactions.
- Programmability: L1 chains are often programmable, allowing developers to create smart contracts, code that automatically executes transactions.
Main Types of L1 Chains:
- Bitcoin (BTC): The first blockchain to use works Quantity proof consensus mechanism.
- Ethereum (ETH): A mainstream smart contract platform that uses a proof-of-stake consensus mechanism.
- Solana (SOL): Known for low transaction fees and high throughput.
- Cardano (ADA): Focused on scalability and security, using a proof-of-stake consensus mechanism.
- Polkadot (DOT): is a multi-chain platform that allows different blockchains to communicate with each other.
Advantages of L1 chain:
- Safety and reliability: Consensus mechanism and decentralized features ensure L1 chain security.
- Decentralization: The L1 chain has no central point of control, making it less vulnerable to attack or censorship.
- Programmability: Smart contract functionality allows developers to create innovative applications and services.
Limitations of L1 chains:
- Scalability: Some L1 chains may not handle a large number of transactions Facing scalability issues.
- Transaction Fees: Transaction fees for L1 chains may vary depending on the popularity of the chain and network congestion.
- Competitors: L1 chain faces competition from other blockchain platforms as well as centralized systems.
The above is the detailed content of What does L1 chain mean? A simple article explaining L1 chain. For more information, please follow other related articles on the PHP Chinese website!

Top 10 free-to-view market software websites are recommended: 1. Binance, 2. OkX, 3. Sesame Open Door (KuCoin), 4. CoinMarketCap, 5. CoinGecko, 6. TradingView, 7. Investing.com, 8. Yahoo Finance, 9. Glassnode Studio, 10. LunarCrush, these websites provide real-time data, technical analysis tools and market information to help you make informed investment decisions.

To safely access the Binance official platform and download the APP, you can use the following steps: 1) Use a trusted search engine to search for "Binance" and check the domain name; 2) View the official social media to obtain the URL; 3) Consult the official customer service to confirm the URL; 4) Use a trusted navigation website. The steps to download the APP include: 1) Visit Binance official website; 2) Find the APP download portal; 3) Select the download method (scan the QR code, download the app store, and directly download the APK file).

Through the following steps, you can safely access the Ouyi official platform and download the APP: 1. Use a trusted search engine to search for "Ouyi" or "OKX" to check the domain name; 2. Check the official social media account to obtain the URL; 3. Consult the official customer service to confirm the URL; 4. Use a trusted navigation website. When downloading the APP, visit the official website, find the download portal, choose how to scan the QR code, app store, or directly download the APK file, and pay attention to checking developer information, viewing user reviews, installing security software, beware of phishing websites and APPs from unknown sources, and protecting personal information.

To safely download the Binance APP, you need to go through the official channels: 1. Visit the Binance official website, 2. Find and click the APP download portal, 3. Choose to scan the QR code, app store, or directly download the APK file to download to ensure that the link and developer information are authentic, and enable two-factor verification to protect the security of the account.

The methods to safely download the OKX APP include: 1. Use a trusted search engine to search and check the domain name; 2. Check the official social media account and identify the certification logo; 3. Consult the official customer service to confirm the authenticity of the link; 4. Use a trusted navigation website to obtain a verified download link. Through these steps, you can safely download the Ouyi APP and start your cryptocurrency trading journey.

The steps to register an Ouyi account are as follows: 1. Prepare a valid email or mobile phone number and stabilize the network. 2. Visit Ouyi’s official website. 3. Enter the registration page. 4. Select email or mobile phone number to register and fill in the information. 5. Obtain and fill in the verification code. 6. Agree to the user agreement. 7. Complete registration and log in, carry out KYC and set up security measures.

The steps to register a Binance account include: 1. Prepare a valid email or mobile phone number and a stable network; 2. Visit Binance official website; 3. Enter the registration page; 4. Select the registration method; 5. Fill in the registration information; 6. Agree to the user agreement; 7. Complete verification; 8. Obtain and fill in the verification code; 9. Complete registration.

Registering a Sesame Door Account requires 7 steps: 1. Prepare a valid email or mobile phone number and a stable network; 2. Visit the official website; 3. Enter the registration page; 4. Select and fill in the registration method; 5. Obtain and fill in the verification code; 6. Agree to the user agreement; 7. Complete registration and log in, it is recommended to carry out KYC and set security measures.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

Atom editor mac version download
The most popular open source editor

MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

Zend Studio 13.0.1
Powerful PHP integrated development environment

WebStorm Mac version
Useful JavaScript development tools
