Definition ∞ Emerging L1s are newer layer-1 blockchain protocols that are gaining traction and seeking to establish themselves as foundational networks. These are independent blockchains, distinct from layer-2 solutions, which handle their own security and consensus mechanisms, such as Bitcoin or Ethereum. Emerging L1s often introduce novel approaches to scalability, transaction speed, or economic models, aiming to address perceived limitations of existing networks. They compete for developer and user adoption by offering distinct technical advantages or specialized functionalities.
Context ∞ The narrative around emerging L1s frequently involves their competition for market share and developer talent against more established blockchains. A key area of scrutiny concerns their long-term viability, security audits, and the sustainability of their incentive programs. Future observations will observe which of these networks can achieve significant network effects and deliver on their technical promises to secure a lasting position in the digital asset landscape.
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