Power of building dapps on your own Layer 1 Blockchain
Frank Mazza
Director of Blockchain for Institutions & Fintechs at Metal Blockchain | Start-up Investor | 2x Amazon Best-Selling Author | Titan 100 | Co-Founder of Socialite Brand | Advisory Board Member
The power of building decentralized applications (dapps) on your own layer 1 blockchain versus building on another layer 1 blockchain is the ability to have full control and autonomy over the underlying infrastructure of the dapp.
When building on another layer 1 blockchain, developers must adhere to the limitations and rules set by that particular blockchain. This can include things like transaction fees, limited scalability, and even censorship by the governing entities of the blockchain.
On the other hand, building on your own layer 1 allows developers to have complete control over the technical aspects of their dapp. This includes the ability to customize transaction fees, scalability, and even the rules governing the blockchain itself. This level of control and autonomy allows for more flexibility and innovation in the development of dapps.
Developing your own layer 1 can also provide more security for the dapp and its users. Because the developers have full control over the infrastructure, they can implement advanced security measures and protocols to protect against potential attacks.
Of course, building on your own layer 1 also comes with its own challenges and considerations. It requires a significant amount of time and resources to develop and maintain a robust and secure layer 1 blockchain. It also requires a strong understanding of blockchain technology and the ability to properly manage and govern the blockchain.
Overall, the power of building dapps on your own layer 1 comes from the ability to have full control and autonomy over the underlying infrastructure. This allows for more flexibility, innovation, and security in the development of dapps. While it may come with its own set of challenges, the benefits of building on your own layer 1 can be well worth it for the right project.