The Layer 3 Blockchain What You Should know
Just as layer 2 blockchain is built upon layer 1 blockchain to increase transaction speed and scalability of a blockchain, but lacks the power to tackle the issue of interoperability which is why layer 3 is built on top of layer 2 to handle the issue of interoperability which this post has talked more on.
Layer 3 blockchain |
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As we have earlier said just as there is layer 1 and layer 2 as a concept of blockchain technology layer 3 is also part of them. By the given name layer 3, it means it is built upon existing layer 2 blockchain technology which is a scaling solution, to further increase functionality and Scalability.
If you have ever read through the paper published by Ethereum founder Vitalik Buterin on the topic "What kind of layer 3s make sense? you will get to know more about the ideas behind the creation of layer 3 blockchain.
Layer 3 blockchain provides layer 2 with more customized functionality like application, privacy, and trusted scaling such as valodiums, whereas layer 2 is mostly on scaling. Layer 3 is not as popular as Layer 1 and Layer 2 but despite that it is regarded as a more fundamentally reasonable blockchain.
How later 3 is different from Layer 2 |
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Both layers constitute the components of the blockchain with each of them having its function which they are designed to serve. Here, the key difference has been discussed.
Layer 3 is a blockchain solution that is built on top of a layer 2 blockchain as we have read before now, whose purpose is to offer layer 2 more functionality and customization for additional use cases.
Layer 3 comes with a solution that is designed for application performance, and privacy such as protecting the privacy of the transaction of the user.
Also, layer 3 is a more sophisticated technology that is more than Scalability built on top of the layer 2 blockchain to provide additional solutions. Finally, it is best used for the customization of data.
Layer is a blockchain solution that is built on top of a layer 1 blockchain to provide Scalability so the blockchain can perform numerous transaction that is speed enough which is found in the Ethereum network.
In the Ethereum network layer 2 is helping the blockchain to offload some works so the blockchain performance can be high.
The main purpose of a layer 2 blockchain is for scaling solutions and layer 2 is associated with certain blockchains just as we have a lightning blockchain network.
Conclusion
In conclusion to the above difference, both layers are very important as they can both help companies solve so many issues in blockchain networks.
Layer 3 is a sophisticated technology that is beyond layer 3 in terms of advancement and its focus is on customization, and functionalities that are special, whereas layer 2 focuses on scaling solutions so the blockchain can perform numerous transactions which we have learned in this post.
About the Author
Joseph Akwaji Afen (@josepha) is a holder of an Accounting degree, who has gained experience in the finance sectors. In the Steemit social media blockchain platform, he is a content writer, who specializes in writing in different categories and has worked as a mods, community curator, city rep, and a good recruiter who is always committed to ensuring the accuracy and trustworthiness of your finance, crypto and blockchain insights.
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