In-depth analysis: What is the meaning of Layer3?

Popular Science: What does Layer3 mean? Layer3 is a term in computer networking, also known as the network layer. It is the third layer in the OSI model and is responsible for implementing data transmission and routing functions in the network. Layer3 mainly identifies and addresses different network devices through IP addresses. It can determine how data packets are transmitted from the source address to the destination address. In Layer3, commonly used protocols include IP, ICMP, ARP, etc. Through the protocols and functions of Layer 3, different devices in the network can communicate with each other and exchange data. Understanding the meaning and functions of Layer3 is of great significance to understanding and solving network problems.

What does Layer3 mean?

Layer3 is a platform focused on solving the expansion problem of Ethereum, aiming to improve the throughput and efficiency of the Ethereum network to support more transactions and applications.

Layer3’s architecture provides the greatest room for imagination for cost optimization, and more Layer3 killer designs may appear in the future. The design of Layer3 is based on the security of Layer1 and builds many sub-ecologies with Layer2 as the core. The advantage of this architecture is that it reduces costs and provides greater security and flexibility. As technology continues to develop, we can expect more innovative Layer3 designs to further optimize network architecture.

Layer3 is the application layer in blockchain technology, used to implement various specific applications and functions. On Layer3, developers can build a variety of decentralized applications (DApps), such as cryptocurrency wallets, DeFi applications, NFT markets, decentralized exchanges (DEX), social platforms, etc. These applications can provide a safe, transparent, trustless transaction and interaction environment, allowing users to independently control and manage their own digital assets and enjoy the advantages of decentralization. Through the continuous development and innovation of Layer3, blockchain technology will be better integrated with various fields of the real world, bringing more convenience and opportunities to people.

As a task platform, Layer3 provides a connection bridge between project parties and users. Project parties can publish tasks and find the best solutions, while users can complete various tasks according to personal preferences and receive corresponding rewards. In addition to the task itself, the platform, project parties and users all pursue other potential benefits. For example, platforms and project parties may conduct token airdrops and discover outstanding contributors to establish a good ecosystem.

The third layer, also known as the application layer, is where the magic really comes to life for users like us.

Get ready to explore the unlimited potential that layer three brings to the blockchain ecosystem.

Before we dive into the third layer, let’s take a brief look at the hierarchical structure of the blockchain. Similar to a pyramid, different levels represent different functions.

At the bottom, we have the first layer, the underlying blockchain protocol, which is responsible for transaction verification and consensus mechanism. On top of the first layer, there is a second layer focused on scalability solutions such as payment channels and sidechains.

Finally, at the top of the pyramid, we have the third layer, the application layer, which interacts directly with the user and provides an exciting range of applications.

The third layer serves as the entrance for users to access the blockchain network, providing a user-friendly interface and giving individuals the ability to interact with decentralized applications (DApps), smart contracts and digital assets.

Let’s look at some of the key aspects of the third layer in more detail:

a. User applications: The third layer revolves around user-centric applications. DApps built on top of the third layer provide a seamless and decentralized user experience. These applications cover various fields such as finance, gaming, supply chain, etc.

Imagine that you can trade digital assets, participate in gaming experiences, and even directly participate in the global supply chain network through your smartphone or computer.

b. Smart Contract: Smart contract is the core component of the third layer. They are self-executing contracts written in code that require no intermediaries or trusted third parties. Smart contracts enable financial transactions, the management and distribution of digital assets, and various automated processes.

Through smart contracts, you can conduct safe, transparent and reliable transactions on the blockchain without worrying about trust issues.

c. Digital assets: The third layer provides users with the ability to manage and trade digital assets. These digital assets can be cryptocurrencies, tokens, non-fungible tokens (NFTs), etc.

Through the third-layer application, you can own, trade and participate in the ecosystem of various digital assets and experience the new era of digital economy.

The importance of the third layer is self-evident. It provides users with tickets to participate in the blockchain world and gives them the opportunity to explore unlimited innovation and realize personal value.

Through the third layer, you can enjoy the transparency and efficiency of blockchain technology and experience the unlimited fun brought by decentralized applications.

The third layer is the magical portal to the blockchain world, which provides us with the opportunity to interact with decentralized applications, smart contracts and digital assets.

Through the third layer, we are able to explore innovations in various fields, change our lifestyles, and participate in the global revolution of blockchain technology. Don’t hesitate, let’s embark on the journey to the third layer together and open a new chapter in the blockchain world!

When did Layer3 start?

Layer3 will start in 2022. Vitalik further proposed the concept and early form of Layer3, hoping to make up for the shortcomings of the current chain system, and proposed three major goals for Layer3, namely Layer2 for expansion, Layer 3 is used for customized functions, such as privacy; Layer 2 is used for general extensions, and Layer 3 is used for custom extensions; Layer 2 is used for trustless extensions, and Layer 3 is used for weak trust extensions.

These goals also point out the direction for Layer3 design ideas, which are more open, flexible and composable. So far, there are not many systems with Layer 3 as the main architecture. Among them, StarkEx and StarkNet launched by StarkWave have the potential to become Layer 3, but they still lack customization, scalability and interoperability.

After the Stark Wave, the public chain NautilusChain launched by the Zebec community is becoming the latest Layer3 system architecture in the industry. With the support of Layer0 facilities such as Celestia and Eclipse, NautilusChain has become the first parallel system in the industry. EVMRollup's L3 expansion solution, which is standardized and runs the fastest, is the first modular chain. Storage, computing, consensus, etc. are all in different modules, which can achieve higher scalability and expansion capabilities, and is based on Layer 2. This further improves network throughput, security, and privacy.

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