Layer by Layer Issue 1: A weekly look at Layer 1 blockchains

BlockchainsJuly 19, 2021, 6:30AM EDT
UPDATED: June 15, 2022, 11:32AM EDT
Layer by Layer Issue 1: A weekly look at Layer 1 blockchains
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We are living in a multi-chain world. As the cryptocurrency market has grown in the past few years, it has been accompanied by significant developments amongst layer-1 blockchains - the base layer of a new digital economy. While in years past, the discussions around competing protocols centered primarily on theoretical benefits or flaws, the continuing flow of capital into digital assets has given rise to a fertile testing ground for decentralized financial activity. 

Atop smart contract platforms like Ethereum, Binance Smart Chain, and Solana, powerful decentralized finance (DeFi) applications have driven a newfound desire for a growing population to transact and store value more frequently on the blockchain. 

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