Layer-1 blockchains serve as the core infrastructure for decentralized applications, managing critical functions such as transaction processing and network security, essential for the blockchain ecosystem's operation. Their consensus mechanisms—like Proof of Work and Proof of Stake—are fundamental as they define transaction validity and security measures. The introduction of RYT's layer-1 blockchain with its unique Proof of Majority consensus mechanism aims to address significant issues impacting blockchain adoption, including speed, scalability, accessibility, decentralization, and energy efficiency, representing an innovative step in blockchain technology's evolution.
Layer-1 blockchains are the foundational infrastructure for decentralized applications, handling essential functions like transaction processing, network security, and consensus mechanisms.
The RYT blockchain introduces a new Proof of Majority consensus mechanism designed to enhance speed, scalability, accessibility, decentralization, and energy efficiency.
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