 | Here I am with another post here I will try to make you understand the concept of Layers : In the context of Cryptocurrencies Layer 1 , Layer 2 , Layer 3 is often used to describe the components of the Crypto World , every layers represent different solutions which I will try to discuss here : Layer 1 : This is the base Layer of the blockchain network , it is the layer where three main characteristics of a blockchain really start to come in : decentralization , open-source , immutability. Each blockchain can run independently of any other chain. Each Layers solutions has it's own structure, including consensus mechanisms, ledger systems, coding language, and often has its own token. Bitcoin and Ethereum are examples of Layer 1 solutions. Solutions: Consensus protocol changes (like forks), sharding, changes in block size Layer 2: They are third-party integrations that are built on top of Layer 1 chains to add efficiency (system Solutions : State channels, nester blockchains, sidechain, Optimistic rollups, Zero-knowledge rollups, Plasma, Validium Layer 3: Though it is less commonly used in the terminology , could refers to as the additional layer , adds the visual UI component, creating apps and utilizing blockchain technology to create applicable use cases for everyday users. They are often referred to as Dapps. I am trying to Keep the post as short as possible because many People in our community avoid Long reads . [link] [comments] |
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