FOUNDATIONAL TECHNOLOGY

Layer 1 (L1)

Base blockchain network that provides the core infrastructure for recording transactions, securing the network, and executing smart contracts.

EXAMPLE

A transfer of Bitcoin between two institutions is recorded directly on the Bitcoin Layer 1 blockchain, where the transaction becomes permanently settled.

Relevant Roles and Functions

On-chain Role

Chief Blockchain Infrastructure Officer

Head of Blockchain Infrastructure

Function

Blockchain Network Integrations

Node Operations

Smart Contract Infrastructure

Validator Participation

TradFi Equivalent

Core Banking Architecture

Distributed Systems

Payments Infrastructure

Technology