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Blockchain Layer 3 refers to the third layer of the blockchain technology stack. It is also known as the application layer or the protocol layer. In the context of blockchain, the technology stack is typically divided into three layers: Layer 1, Layer 2, and Layer 3.Layer 1, or the foundational layer, is the underlying blockchain protocol itself, such as Bitcoin or Ethereum. It establishes the basic rules and structure of the blockchain network, including the consensus mechanism and the data structure.Layer 2, also known as the scalability layer, consists of solutions built on top of Layer 1 to improve the scalability and performance of the blockchain network. Examples of Layer 2 solutions include payment channels like the Lightning Network for Bitcoin and state channels for Ethereum.Layer 3, the application layer, is where developers and users interact with the blockchain network. It encompasses various applications, protocols, and smart contracts that utilize the underlying blockchain technology. Layer 3 is where most of the user-facing functionalities and use cases of the blockchain are implemented.Blockchain Layer 3 allows for the development and deployment of decentralized applications (DApps) and smart contracts. These applications can range from financial services, supply chain management, voting systems, gaming, and more. Layer 3 protocols enable developers to leverage the underlying blockchain infrastructure and create innovative solutions that leverage the security, immutability, and transparency provided by the blockchain.Layer 3 protocols often provide additional features and functionalities beyond the basic capabilities of Layer 1. They may include features like identity management, governance mechanisms, interoperability, privacy enhancements, and off-chain data integration. These protocols enhance the usability, efficiency, and versatility of blockchain applications.Examples of Layer 3 protocols include Ethereum, which supports the development of smart contracts and DApps, and other blockchain platforms like Polkadot, Cardano, EOS and <a href="vexanium.com" rel="noopener noreferrer nofollow">VEX</a>. These protocols provide a framework for developers to build and deploy their own applications on the blockchain.In summary, Blockchain Layer 3 represents the application layer of the blockchain technology stack. It is where developers and users interact with the blockchain network, creating and utilizing decentralized applications.and smart contracts. Layer 3 protocols enable the development of various use cases and provide additional features and functionalities beyond the underlying blockchain infrastructure.

Whats is Blockchain Layer 3 ?

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