Why is it difficult for public blockchains to be fast, cheap, and secure at the same time?
A Layer 1 network is a blockchain that handles its own consensus and settlement, such as Bitcoin, Ethereum, and Solana.
The “blockchain trilemma” refers to the difficulty of achieving the best possible decentralization, security, and scalability all at once.
The key thing to remember when managing your positions: when you see ads for public blockchains that are “blazing fast and nearly free,” ask what trade-offs they’ve made.
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