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Top 5 Things to Check Before Investing in a Layer 1 Protocol
Reading Time: 5min read
Individuals who may have dabbled in crypto-tech for any significant length of time would have probably come across the concept of ‘layer 1 protocols’ at some point or the other. In this regard, one can think of a layer 1 solution as being the basic architectural framework of any blockchain ecosystem, with examples including prominent digital assets such as Bitcoin, Ethereum, EOS, Litecoin, etc.
Additionally, as the blockchain industry has continued to evolve at a rapid pace, an increasing number of players, both from the retail as well as institutional space, have started to adopt various layer 1 protocols. This has resulted in several issues/limitations associated with these platforms such as poor transaction speeds, low network efficiency coming to light and becoming increasingly more glaring. That being said, presented below are a few technical facets of any layer 1 system t ....

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