Exploring Layer 1 Blockchains: Beyond Ethereum’s Dominance
1. The Dawn of Layer 1 Blockchains: A New Era for Decentralized Applications
The launch of Bitcoin in 2009 marked the beginning of a new era in digital currencies, but it was Ethereum that truly revolutionized the world of decentralized applications (dApps). Ethereum introduced the concept of smart contracts, enabling developers to create and deploy their own applications on the blockchain. However, as the popularity of dApps grew, so did the limitations of Ethereum’s Layer 1 blockchain. This sparked the development of Layer 1 blockchains, promising enhanced scalability, interoperability, and security for the next generation of decentralized applications.
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