What is Layer 3 in Blockchain? – It’s the key protocol for blockchain-based solutions. Commonly known as the “application layer,” it gives instructions to Layer 1 protocols for processing. This allows dapps, games, distributed storage, and other applications on a blockchain platform to work correctly.
Without these applications, Layer 1 protocols would have limited usefulness. It’s crucial for unleashing their potential.
Layer 3 Blockchain Scaling Solutions
Layer3 blockchain scaling solutions strive to elevate blockchain technology by providing improved scalability, interoperability, and cost-effectiveness. These solutions build on the groundwork established by Layer 1 and Layer 2 solutions, enabling blockchain networks to better meet future requirements.
- Definition: Hosts decentralized applications (DApps) and executes specific functions.
- Role: Hosts real-world applications and executes tasks.
- Functionality: Executes tasks specific to applications.
- Purpose: Hosting applications and specialized functions.
- Interactions: Interaction with applications and Layer 2.
- Examples: Polkadot, Cosmos, Chainlink
Layer 3 Network
Layer3 Blockchain networks were developed to create a safer, more adaptable, and expandable blockchain system. Although both Layer 2 and Layer3 solutions aim to enhance the scalability of the blockchain network, Layer3 focuses on linking different blockchains and enabling smooth communication between them.
Layer3 networks function on Layer 2 solutions, connecting numerous Layer 2 networks and enabling transactions across diverse blockchains, which conventional Layer 2 solutions cannot accomplish.
Conclusion
Layer3 protocols enable users to access applications on the entire system, ensuring a secure and efficient infrastructure for handling large-scale transactions.