Layer 1 Foundation

Layer 1 Foundation is advancing the adoption of meta-protocols on Bitcoin, bridging the gap between indexing and governance. It embraces innovation on taproot, building open source tooling to pave the way for efficient updates and interoperable standards. Together, let's shape the future of Bitcoin-based technologies, one block at a time.

Balancing indexing and governance presents a challenge in the realm of meta-protocols. A foundation addresses this by fostering a diverse pool of indexers for robust consensus, mitigating the risk of consensus errors seen with single indexer reliance. However, this diversity can cause coordination issues when updating standards like brc-20, as each indexer needs to independently implement and cross-validate the new 'truth'. The foundation aims to bridge this gap, serving as a public platform for proposing updates and validating implementations, while also nurturing ecosystem growth and inviting new standard/module proposals.