Why is it so difficult for public blockchains to achieve speed, security, and decentralization 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 how difficult it is to maximize decentralization, security, and scalability all at once.
The key thing to keep in mind when managing funds: when you see a public blockchain advertised as “blazing fast and almost free,” ask what trade-offs it has made.
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