What does L1 mean in Crypto?

TRON adopts a 3-layer architecture divided into storage layer, core layer, and application layer.

A blockchain is a growing list of records, called blocks, that are linked together using cryptography . Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree).

Ethereum, Solana, Elrond, and Cardano are good layer 1 cryptocurrencies to watch. If you’re considering the gaming or metaverse, put Enjin and Wilder World on your watchlist.

A layer 1 (L1) network refers to a DLT (including blockchains) that serves as the base layer to store information that can represent: – assets such as tokens; – smart contracts which can form dApps; as well as.