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Canto: The Experimental Layer 1

Feb 13, 2023 • 9 Min Read

Introduction & Context

2021 saw the rise of numerous VC-backed Layer 1s, the most prominent of which includes Solana, Luna, and Avalanche, known to many in the fold as ‘SoLunAvax.’ Their meteoric rise was partially attributable to the large ecosystem funds deployed [1] [2] [3] and the incessant marketing by large venture capitalists and their counterparts. Fast forward to 2023, the digital asset space has come to realize how inorganic the growth of these altern...

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