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Blockchain Layer 1 and Impact on the Global Economy

Blockchain Layer 1 refers to the foundational blockchains that are responsible for the primary functions of a decentralized network, including transaction validation, consensus mechanisms, and data storage. Examples of prominent Layer 1 blockchains include Bitcoin, Ethereum, and Solana. These blockchain networks serve as the backbone of decentralized applications (dApps) and digital asset transactions. The primary […]

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