Learn about Layer 0, 1, 2, and 3 solutions! Be smarter than hamsters! 🐳

L0 (Layer 0) — This is the foundational level that provides the basic infrastructure for creating and interacting between different blockchains. It includes protocols and platforms that enable blockchains to work together and ensure interoperability between them. Examples of L0 solutions include Polkadot and Cosmos, which offer cross-blockchain communication and interoperability.

L1 (Layer 1) — This is the base level of the blockchain, which provides the primary protocol and consensus mechanism. Examples of L1 solutions include Bitcoin and Ethereum. These solutions define the rules of the network, how transactions are added to the blockchain, and how network security is maintained.

L2 (Layer 2) — These are additional layers that operate on top of the base blockchain (L1) to improve scalability and performance. They include technologies such as the Lightning Network for Bitcoin and Rollups for Ethereum. L2 solutions help reduce the load on the main blockchain by speeding up transactions and lowering fees, while maintaining the security and decentralization of the base network.

L3 (Layer 3) — This is an additional layer on top of L2 that focuses on specialized tasks and applications. L3 often focuses on creating specific applications and services, such as decentralized applications (dApps), which can utilize the infrastructure of L1 and L2. This layer may also include user interfaces and protocols that simplify interaction with the base blockchain levels and enhance the user experience.

Key Differences:

L0: Infrastructure for interaction between different blockchains and ensuring compatibility.

L1: The main network, responsible for fundamental operations and security.

L2: Additional solutions to enhance scalability and transaction speed on top of L1.

L3: Applications and services operating on top of L2, providing specialized functions and improved user experience.


That's it, no difficulties at all. You are now smarter than hamsters 🥳🤙

#ETHETFS #Optimism #Arbitrum