Content pfp
Content
@
0 reply
0 recast
0 reaction

AXY Foundation pfp
AXY Foundation
@archeyes
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 reply
0 recast
0 reaction

AXY Foundation pfp
AXY Foundation
@archeyes
In some interpretations, Layer-3 focuses on improving cross-chain communication or interoperability protocols, so that different blockchains or Layer-2 solutions can interact seamlessly. This allows for more complex dApps, decentralized finance (DeFi) platforms, or even entire ecosystems to function across multiple blockchain environments. In short, Layer-3 enhances efficiency and ease of use while expanding the application of blockchain technology beyond the base infrastructure.
0 reply
0 recast
0 reaction