Layer 1 refers to the base blockchain network itself - the foundational protocol that handles the core operations of a blockchain.
Following are Top 5 Layer 1 Blockchains Competing With ETH
What is Layer 1?
1. SolanaSolana is a high-speed, low-cost blockchain designed for scalable decentralized applications & crypto projects.
BNB ChainOriginally launched as Binance Smart Chain, BNB Chain is designed for high-performance smart contract execution & compatibility with Ethereum’s ecosystem via Ethereum Virtual Machine
CardanoCardano uses a research-driven approach with Ouroboros, a Proof-of-Stake consensus, ensuring secure, sustainable, and efficient transaction processing.
AvalancheAvalanche offers a highly scalable platform with its unique subnet architecture, allowing for customized blockchains tailored to specific use cases.
PolkadotPolkadot differentiates itself with interoperability, enabling multiple blockchains (parachains) to connect and share data via its Relay Chain