We’ve done it—layer 3 cryptos are here, folks. Only in crypto can something debut that makes you think, “Wait, did we really need this?” – but what is Layer 3 crypto?
These new layers enhance what Layers 1 and 2 started, making smart contracts on sluggish and expensive platforms like Ethereum not just functional but phenomenal for DApps.
Do we really need them? That’s what we’re here to solve.
Key Features of Layer 3 Crypto Scaling Solutions
While extremely new, so unproven, Layer 3 crypto networks crank up the juice for DApps, turning them into high-performance machines with sleek new gears. This includes optimizing consensus mechanisms and blockchain communication.
These solutions make creating custom blockchains easier for developers, boosting access, personalization, and security for DApps. Think innovation on steroids within the blockchain cosmos.
Layer 2 was all about speeding up transactions and slashing fees on one chain. Layer 3 cryptos, however, are more like social butterflies, fostering interconnectivity and hosting advanced applications.
No more isolated upgrades; we’re talking ecosystem-wide evolution here.
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Some Layer 3 Crypto Networks on The Market Now
When you probably think of layer 3 crypto, you’d imagine something like Polygon 2.0 or a new brainchild of Gavin Wood.
Nope. In a twist nobody saw coming, Shiba Inu (SHIB) is diving headfirst into the layer 3 crypto scene. We wish we we were joking.
Still a top meme coins, Shiba Inu’s transition to layer 3 is supposed to make it a smarter, more efficient blockchain while introducing a slew of new apps as well. Lucie, the marketing lead, unveiled this ambitious expansion, teasing new tokens and the impending debut of their L3 blockchain.
“Our ecosystem offers endless possibilities, from innovative decentralized applications to our very own L3 blockchain, offering enhanced functionalities for our users,” shared Lucie.
Another is a doggie-themed coin, though a bit more serious: PAW Chain.
PAW’s public mainnet is set to debut the first Layer 3-centric blockchain, focused on upgrading DeFi. Ostensibly, this means record-breaking speeds, better security, and smooth scalability,
PAW Chain’s Layer 3 architecture is designed for rapid transactions, easy scaling, and top-tier performance, setting a new gold standard for blockchain technology.
We’ll update you if these layer 3 projects pan out and if they’ll revolutionize or just fizzle out.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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