Layer One Architecture

Definition ∞ This refers to the base protocol layer of a blockchain network responsible for its core functionality and security. It handles fundamental operations such as transaction validation, consensus, and block creation. Layer one architectures are the bedrock upon which other blockchain layers and applications are built.
Context ∞ Discussions concerning layer one architecture frequently revolve around the scalability trilemma, the trade-offs between security, decentralization, and transaction speed. Analysts are evaluating the performance and innovation within major layer one blockchains like Bitcoin and Ethereum. Key future developments to monitor include advancements in consensus mechanisms and the introduction of novel sharding solutions to enhance throughput.