📢 What is Layer 1,2 and 3 in blockchain technology? 📢
An important thing to note:
🏗️ a Layer is also called an L
🅱️ example: a Layer 1 can be called L1, and a Layer 2 called L2 and so on , you get the picture
Layer 1 refers to the fundamental layer of the blockchain network responsible for core functions like consensus, security, protocols, and programming languages. They are the base layer blockchains
Examples of L1s
• Ethereum(ETH)
• Bitcoin (BTC)
• Binance Smart Chain (BSC)
• Solana
Layer 2 network increases blockchain scalability by collaborating with Layer 1. They improve transaction speed and efficiency by utilizing the main chain's security and consensus mechanisms to process more transactions effectively.
Examples of L2s
• Polygon zkEVM
• Arbitrum
• Starknet
• Celer
• Optimism
Layer 3 is the third layer that emphasizes exciting functionalities and applications built on top of the underlying blockchain, known as Dapps. This is where users interact with the blockchain network through user-friendly interfaces and applications.
Examples of L3s
• Defi
• DEX
• DAO.
I hope this thread helped you understand the examples within the first three layers of blockchain technology. Feel free to ask any questions you may have. Keep exploring and embracing the potential of blockchain!