Base Chain

A Base Chain is the foundational layer of a blockchain network, often referred to as a Layer 1 blockchain. It provides the core infrastructure that handles the execution of transactions, deployment of smart contracts, and security of the overall network. All other layers, such as Layer 2 solutions or sidechains, are built on top of the Base Chain.

Base Chains are critical because they set the rules and architecture for the blockchain ecosystem. They include consensus mechanisms, protocols for transaction validation, and mechanisms for incentivizing participants to secure the network.

Examples of Base Chains include Bitcoin, which specializes in secure peer-to-peer transactions, Ethereum, known for its smart contracts and decentralized applications (dApps), and Avalanche, which offers customizable subnets for developers.

Key features of a Base Chain include its decentralization for security, scalability for handling large numbers of users, and interoperability for allowing connections to other networks. Without a strong Base Chain, the entire blockchain ecosystem it supports can be vulnerable to attacks or inefficiencies.