Differences Between Blockchain Levels
In the crypto industry, various blockchain solutions are categorized by levels, each serving a distinct purpose.
The Blockchain Trilemma
The trilemma is a theorem addressing the fundamental challenge of scaling networks. It states that a network has three primary characteristics: decentralization, security, and performance.
A blockchain can achieve only two of these three characteristics, necessitating a compromise on one. Developers use different levels to overcome this "compromise" and integrate all three characteristics within a single product. These levels are referred to as Layer 0, 1, 2, and 3.
Layer 1
Layer 1 includes independent blockchains like Bitcoin, Ethereum, and TON, which can process transactions on their own but encounter the trilemma.
Layer 0
Layer 0 is intended for interoperability between blockchains, facilitating asset transfers and simplifying application development across various blockchains. Examples include Polkadot and Cosmos.
Layer 2
Layer 2 introduces third-party solutions to Layer 1, targeting specific trilemma issues, usually scalability. Technologies include state channels, nested blockchains, rollups, and sidechains, such as Arbitrum and Optimism for Ethereum.
Layer 3
Layer 3, or the application layer, encompasses decentralized applications and protocols. Notable examples are Uniswap and Orbs.
#blockchain #L1 #L2 #L3

DAILY GAINERS

$RARE +86.4%
$SYN +46.9%
#KWENTA +43.6%
#LYX +34.2%
#L3 +27.9%
#ORNJ +25.3%
$ALT +19.4%
$ML +17.4%
$HT +17.1%
$OKT +15.5%

#dailygainers

The Layer3 Foundation has revealed plans to introduce its new governance and utility token, L3, in early summer. L3 will serve as the foundation of the Layer3 ecosystem, facilitating over 96 million interactions across 545 ecosystems globally.

The Genesis Airdrop, the first major event, will distribute 5% of the tokens to reward early supporters and enhance their engagement and loyalty.

#Layer3 #layer3foundation #L3 #buythedip #bitcoinhalving

#layer3foundation 💥
At the heart of #Layer3 is the #L3 token, designed to create a global liquid market for attention, turning it into a currency. The tokenomics of L3 are meticulously crafted to ensure a self-sustaining ecosystem where token value aligns with network growth and user engagement.Key features of L3 #tokenomics include:A total supply of 3,333,333,333 L3 tokens.Two burn mechanisms to maintain scarcity.A unified staking mechanism known as Layered Staking, which offers three layers of rewards based on staking and active participation within the Layer3 ecosystem.Users can earn maximum rewards by staking and participating in the network, with activity levels serving as indicators of alignment with the Layer3 ecosystem and partners. This system unlocks various benefits, including rewards, governance rights, and exclusive opportunities.
#NewCryptocurrencies

Layer3 has launched Season 3, featuring trending ecosystems, millions in token incentives, and boosts for L3 stakers. Stakers can unlock new rewards, including L3 staking rewards and access to exclusive protocol features and ecosystems.

#Layer3 #layer3foundation #L3 #BTC_MarketPanic_Dip #BinanceTurns7

Layer3 (L3) launches farming on Bitget Launchpool on July 30th

Starting July 30th, at 10:00 UTC, users can stake their $BGB, $USDT and #L3 to earn a share of 5,350,000 $L3 tokens.

Layer3 #L3 will also be listed on #Bitget in the Innovation and #Web3 Zone, with trading set to begin on July 30 at 10:00 (UTC), and withdrawals becoming available on July 31 at 11:00 (UTC).

#Layer3 is known for its interactive onchain experiences, termed Quests, designed to make crypto technology accessible to everyone, regardless of their level of expertise.