Layer 1 network

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