Layer-3 blockchains bring a great revolution in blockchain technology. Because it is a revolutionary technology that enables the user to perform, the transaction uniquely and transparently. Layer-3 blockchain is advanced technology from Layer-0, Layer-1, and layer-2 but it also faces some difficulties like low throughput, high fees, and limited storage. These limitations are overcome by using the protocol of previous layers Layer-1 and layer-2. Like layer-2 which is built on top of layer-1, Layer 3 is also built on top of layer-2.
In this continuous session, we will discuss the advantages, disadvantages, and differences of each layer. I will also explain how these layers work jointly and build a platform and environment for decentralized applications. First of all, let me explain what is Blockchain.
What is Blockchain?
It is a digitally distributed, decentralized network and immutable ledger technology that provides a streamline to high transaction and tracking assets within a corporate network. Both tangible and intangible assets can be stored and exchanged on a blockchain platform. It is the best technology for sharing and distributing node information. I make the transaction faster, more reliable, transparent and shared.
