640391
AXY Foundation
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In the context of blockchain technology, Layer-3 refers to an additional layer built on top of Layer-2 solutions, which are themselves built on Layer-1 (the base blockchain, such as Bitcoin or Ethereum). The primary purpose of Layer-3 is to further enhance scalability, interoperability, and usability.
1. Layer-1: The base blockchain (e.g., Bitcoin, Ethereum) where transactions are processed and validated.
2. Layer-2: Solutions like rollups, sidechains, and payment channels (e.g., Lightning Network for Bitcoin, Optimistic Rollups for Ethereum) designed to improve scalability by processing transactions off-chain or in batches.
3. Layer-3: The next layer aims to improve specific use cases, such as interoperability between different Layer-2 solutions, application-specific functionalities, or providing a framework for user-friendly decentralized applications (dApps).
1. Layer-1: The base blockchain (e.g., Bitcoin, Ethereum) where transactions are processed and validated.
2. Layer-2: Solutions like rollups, sidechains, and payment channels (e.g., Lightning Network for Bitcoin, Optimistic Rollups for Ethereum) designed to improve scalability by processing transactions off-chain or in batches.
3. Layer-3: The next layer aims to improve specific use cases, such as interoperability between different Layer-2 solutions, application-specific functionalities, or providing a framework for user-friendly decentralized applications (dApps).
something new????
I just minted Esfera Sphere by PKTDAT on Onchain Vision.