In its early days, blockchain was heralded as a revolutionary technology. Bitcoin introduced a decentralized, trustless financial system, and Ethereum promised a world of decentralized applications (dApps) that would disrupt industries far beyond finance. However, as the blockchain space has evolved, a troubling trend has emerged: the proliferation of Layer 1 (L1) blockchains. Each new […]
Tag: layer 1s
The cryptocurrency space is expanding faster than ever. With each new Bitcoin cycle, the market sees the emergence of yet another batch of Layer 1 blockchains, each promising faster speeds, cheaper transactions, or some new architectural breakthrough. But do these new blockchains truly add value to the ecosystem, or are they simply diluting the market? […]