Understanding Layer 1 Blockchain: Here’s Why India Needs It

By Nischal Shetty Blockchain has been the biggest innovation after the Internet and is reshaping the world around us. Solving the blockchain trilemma is crucial to unlocking the full potential of blockchain technology and providing users with scalable, secure, and decentralised solutions for various applications. However, to harness the true potential of blockchain technology in India, we require an L1 solution that can address the challenges specific to this emerging market. Scalable L1 blockchains will undoubtedly play a crucial role in resolving the issue of high fees that currently hamper blockchain adoption. A decentralised and scalable L1 blockchain with low fees will not only open new avenues for businesses and entrepreneurs but also empower millions of Indians to participate actively in the decentralised economy.