Quant (QNT<\/a>)<\/li><\/ul>\n","post_title":"Application Layer Protocols","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"application-layer-protocols","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-11 21:50:59","post_modified_gmt":"2022-06-11 11:50:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3962","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\nThe most popular Layer 2 blockchain tokens include;<\/p>\n\n\n\n
- Polygon (MATIC<\/a>)<\/li>
- Loopring (LRC<\/a>)<\/li>
- OMG Network (OMG<\/a>)<\/li><\/ul>\n\n\n\n
What Is A Layer 3 (L3) Protocol?<\/h2>\n\n\n\n
Layer 3's allows for protocols that enable applications to be built upon it, commonly known as the application layer.<\/p>\n\n\n\n
L3 protocols facilitate the use of dApps, DeFi<\/a>, and games bringing real-world use for blockchains outside of cryptocurrencies.<\/p>\n\n\n\nL3 systems aim to create trustless interoperability between blockchains L1 and L2 protocols.<\/p>\n\n\n\n
The most popular and used Layer 3 tokens and applications are;<\/p>\n\n\n\n
- Uniswap (UNI<\/a>)<\/li>
- 1inch (1INCH<\/a>)<\/li>
- Quant (QNT<\/a>)<\/li><\/ul>\n","post_title":"Application Layer Protocols","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"application-layer-protocols","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-11 21:50:59","post_modified_gmt":"2022-06-11 11:50:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3962","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
Notably, using an off-chain<\/a> solution allows for the inherent structure of the main chain to stay exactly the same. This keeps the original chain secure, as there is less chance for errors in something such as the code. Since L2 protocols take a portion of the workload on behalf of L1, the application layer is able to utilize the security of the base blockchain.<\/p>\n\n\n\nThe most popular Layer 2 blockchain tokens include;<\/p>\n\n\n\n
- Polygon (MATIC<\/a>)<\/li>
- Loopring (LRC<\/a>)<\/li>
- OMG Network (OMG<\/a>)<\/li><\/ul>\n\n\n\n
What Is A Layer 3 (L3) Protocol?<\/h2>\n\n\n\n
Layer 3's allows for protocols that enable applications to be built upon it, commonly known as the application layer.<\/p>\n\n\n\n
L3 protocols facilitate the use of dApps, DeFi<\/a>, and games bringing real-world use for blockchains outside of cryptocurrencies.<\/p>\n\n\n\nL3 systems aim to create trustless interoperability between blockchains L1 and L2 protocols.<\/p>\n\n\n\n
The most popular and used Layer 3 tokens and applications are;<\/p>\n\n\n\n
- Uniswap (UNI<\/a>)<\/li>
- 1inch (1INCH<\/a>)<\/li>
- Quant (QNT<\/a>)<\/li><\/ul>\n","post_title":"Application Layer Protocols","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"application-layer-protocols","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-11 21:50:59","post_modified_gmt":"2022-06-11 11:50:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3962","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
An L2 blockchain is a secondary framework built independently upon an existing L1 system. L2 protocols exist to solve various issues such as transactions per second issues and scaling while staying off the main chain. ((Binance Academy - Layer 2<\/a>))<\/p>\n\n\n\nNotably, using an off-chain<\/a> solution allows for the inherent structure of the main chain to stay exactly the same. This keeps the original chain secure, as there is less chance for errors in something such as the code. Since L2 protocols take a portion of the workload on behalf of L1, the application layer is able to utilize the security of the base blockchain.<\/p>\n\n\n\nThe most popular Layer 2 blockchain tokens include;<\/p>\n\n\n\n
- Polygon (MATIC<\/a>)<\/li>
- Loopring (LRC<\/a>)<\/li>
- OMG Network (OMG<\/a>)<\/li><\/ul>\n\n\n\n
What Is A Layer 3 (L3) Protocol?<\/h2>\n\n\n\n
Layer 3's allows for protocols that enable applications to be built upon it, commonly known as the application layer.<\/p>\n\n\n\n
L3 protocols facilitate the use of dApps, DeFi<\/a>, and games bringing real-world use for blockchains outside of cryptocurrencies.<\/p>\n\n\n\nL3 systems aim to create trustless interoperability between blockchains L1 and L2 protocols.<\/p>\n\n\n\n
The most popular and used Layer 3 tokens and applications are;<\/p>\n\n\n\n
- Uniswap (UNI<\/a>)<\/li>
- 1inch (1INCH<\/a>)<\/li>
- Quant (QNT<\/a>)<\/li><\/ul>\n","post_title":"Application Layer Protocols","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"application-layer-protocols","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-11 21:50:59","post_modified_gmt":"2022-06-11 11:50:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3962","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
What Is A Layer 2 (L2) Protocol?<\/h2>\n\n\n\n
An L2 blockchain is a secondary framework built independently upon an existing L1 system. L2 protocols exist to solve various issues such as transactions per second issues and scaling while staying off the main chain. ((Binance Academy - Layer 2<\/a>))<\/p>\n\n\n\nNotably, using an off-chain<\/a> solution allows for the inherent structure of the main chain to stay exactly the same. This keeps the original chain secure, as there is less chance for errors in something such as the code. Since L2 protocols take a portion of the workload on behalf of L1, the application layer is able to utilize the security of the base blockchain.<\/p>\n\n\n\nThe most popular Layer 2 blockchain tokens include;<\/p>\n\n\n\n
- Polygon (MATIC<\/a>)<\/li>
- Loopring (LRC<\/a>)<\/li>
- OMG Network (OMG<\/a>)<\/li><\/ul>\n\n\n\n
What Is A Layer 3 (L3) Protocol?<\/h2>\n\n\n\n
Layer 3's allows for protocols that enable applications to be built upon it, commonly known as the application layer.<\/p>\n\n\n\n
L3 protocols facilitate the use of dApps, DeFi<\/a>, and games bringing real-world use for blockchains outside of cryptocurrencies.<\/p>\n\n\n\nL3 systems aim to create trustless interoperability between blockchains L1 and L2 protocols.<\/p>\n\n\n\n
The most popular and used Layer 3 tokens and applications are;<\/p>\n\n\n\n
- Uniswap (UNI<\/a>)<\/li>
- 1inch (1INCH<\/a>)<\/li>
- Quant (QNT<\/a>)<\/li><\/ul>\n","post_title":"Application Layer Protocols","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"application-layer-protocols","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-11 21:50:59","post_modified_gmt":"2022-06-11 11:50:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3962","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
- Bitcoin (BTC<\/a>)<\/li>
- Ethereum (ETH<\/a>)<\/li>
- Solana (SOL<\/a>)<\/li>
- Binance Smart Chain (BNB<\/a>)<\/li>
- Cardano (ADA<\/a>)<\/li><\/ul>\n\n\n\n
What Is A Layer 2 (L2) Protocol?<\/h2>\n\n\n\n
An L2 blockchain is a secondary framework built independently upon an existing L1 system. L2 protocols exist to solve various issues such as transactions per second issues and scaling while staying off the main chain. ((Binance Academy - Layer 2<\/a>))<\/p>\n\n\n\nNotably, using an off-chain<\/a> solution allows for the inherent structure of the main chain to stay exactly the same. This keeps the original chain secure, as there is less chance for errors in something such as the code. Since L2 protocols take a portion of the workload on behalf of L1, the application layer is able to utilize the security of the base blockchain.<\/p>\n\n\n\nThe most popular Layer 2 blockchain tokens include;<\/p>\n\n\n\n
- Polygon (MATIC<\/a>)<\/li>
- Loopring (LRC<\/a>)<\/li>
- OMG Network (OMG<\/a>)<\/li><\/ul>\n\n\n\n
What Is A Layer 3 (L3) Protocol?<\/h2>\n\n\n\n
Layer 3's allows for protocols that enable applications to be built upon it, commonly known as the application layer.<\/p>\n\n\n\n
L3 protocols facilitate the use of dApps, DeFi<\/a>, and games bringing real-world use for blockchains outside of cryptocurrencies.<\/p>\n\n\n\nL3 systems aim to create trustless interoperability between blockchains L1 and L2 protocols.<\/p>\n\n\n\n
The most popular and used Layer 3 tokens and applications are;<\/p>\n\n\n\n
- Uniswap (UNI<\/a>)<\/li>
- 1inch (1INCH<\/a>)<\/li>
- Quant (QNT<\/a>)<\/li><\/ul>\n","post_title":"Application Layer Protocols","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"application-layer-protocols","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-11 21:50:59","post_modified_gmt":"2022-06-11 11:50:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3962","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
The most popular Layer 1 blockchain tokens include;<\/p>\n\n\n\n
- Bitcoin (BTC<\/a>)<\/li>
- Ethereum (ETH<\/a>)<\/li>
- Solana (SOL<\/a>)<\/li>
- Binance Smart Chain (BNB<\/a>)<\/li>
- Cardano (ADA<\/a>)<\/li><\/ul>\n\n\n\n
What Is A Layer 2 (L2) Protocol?<\/h2>\n\n\n\n
An L2 blockchain is a secondary framework built independently upon an existing L1 system. L2 protocols exist to solve various issues such as transactions per second issues and scaling while staying off the main chain. ((Binance Academy - Layer 2<\/a>))<\/p>\n\n\n\nNotably, using an off-chain<\/a> solution allows for the inherent structure of the main chain to stay exactly the same. This keeps the original chain secure, as there is less chance for errors in something such as the code. Since L2 protocols take a portion of the workload on behalf of L1, the application layer is able to utilize the security of the base blockchain.<\/p>\n\n\n\nThe most popular Layer 2 blockchain tokens include;<\/p>\n\n\n\n
- Polygon (MATIC<\/a>)<\/li>
- Loopring (LRC<\/a>)<\/li>
- OMG Network (OMG<\/a>)<\/li><\/ul>\n\n\n\n
What Is A Layer 3 (L3) Protocol?<\/h2>\n\n\n\n
Layer 3's allows for protocols that enable applications to be built upon it, commonly known as the application layer.<\/p>\n\n\n\n
L3 protocols facilitate the use of dApps, DeFi<\/a>, and games bringing real-world use for blockchains outside of cryptocurrencies.<\/p>\n\n\n\nL3 systems aim to create trustless interoperability between blockchains L1 and L2 protocols.<\/p>\n\n\n\n
The most popular and used Layer 3 tokens and applications are;<\/p>\n\n\n\n
- Uniswap (UNI<\/a>)<\/li>
- 1inch (1INCH<\/a>)<\/li>
- Quant (QNT<\/a>)<\/li><\/ul>\n","post_title":"Application Layer Protocols","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"application-layer-protocols","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-11 21:50:59","post_modified_gmt":"2022-06-11 11:50:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3962","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
L1 solutions don't require the addition of systems on top of the existing blockchain. Rather changes are made to the protocol of the system, through consensus mechanisms. Along with consensus protocol changes, sharding is a very common solution.<\/p>\n\n\n\n
The most popular Layer 1 blockchain tokens include;<\/p>\n\n\n\n
- Bitcoin (BTC<\/a>)<\/li>
- Ethereum (ETH<\/a>)<\/li>
- Solana (SOL<\/a>)<\/li>
- Binance Smart Chain (BNB<\/a>)<\/li>
- Cardano (ADA<\/a>)<\/li><\/ul>\n\n\n\n
What Is A Layer 2 (L2) Protocol?<\/h2>\n\n\n\n
An L2 blockchain is a secondary framework built independently upon an existing L1 system. L2 protocols exist to solve various issues such as transactions per second issues and scaling while staying off the main chain. ((Binance Academy - Layer 2<\/a>))<\/p>\n\n\n\nNotably, using an off-chain<\/a> solution allows for the inherent structure of the main chain to stay exactly the same. This keeps the original chain secure, as there is less chance for errors in something such as the code. Since L2 protocols take a portion of the workload on behalf of L1, the application layer is able to utilize the security of the base blockchain.<\/p>\n\n\n\nThe most popular Layer 2 blockchain tokens include;<\/p>\n\n\n\n
- Polygon (MATIC<\/a>)<\/li>
- Loopring (LRC<\/a>)<\/li>
- OMG Network (OMG<\/a>)<\/li><\/ul>\n\n\n\n
What Is A Layer 3 (L3) Protocol?<\/h2>\n\n\n\n
Layer 3's allows for protocols that enable applications to be built upon it, commonly known as the application layer.<\/p>\n\n\n\n
L3 protocols facilitate the use of dApps, DeFi<\/a>, and games bringing real-world use for blockchains outside of cryptocurrencies.<\/p>\n\n\n\nL3 systems aim to create trustless interoperability between blockchains L1 and L2 protocols.<\/p>\n\n\n\n
The most popular and used Layer 3 tokens and applications are;<\/p>\n\n\n\n
- Uniswap (UNI<\/a>)<\/li>
- 1inch (1INCH<\/a>)<\/li>
- Quant (QNT<\/a>)<\/li><\/ul>\n","post_title":"Application Layer Protocols","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"application-layer-protocols","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-11 21:50:59","post_modified_gmt":"2022-06-11 11:50:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3962","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
An L1 blockchain is a set of solutions added to the base protocol in order to improve the functionality and scalability of a system. L1 can be thought of as the foundational layer of a blockchain. This layer is in charge of vital functions of the system, such as consensus mechanisms, programming languages, and mining rates along with various other rules to maintain the functionality of the blockchain. ((CoinTelegraph - A beginner's guide to understanding the layers of blockchain technology<\/a>)) <\/p>\n\n\n\nL1 solutions don't require the addition of systems on top of the existing blockchain. Rather changes are made to the protocol of the system, through consensus mechanisms. Along with consensus protocol changes, sharding is a very common solution.<\/p>\n\n\n\n
The most popular Layer 1 blockchain tokens include;<\/p>\n\n\n\n
- Bitcoin (BTC<\/a>)<\/li>
- Ethereum (ETH<\/a>)<\/li>
- Solana (SOL<\/a>)<\/li>
- Binance Smart Chain (BNB<\/a>)<\/li>
- Cardano (ADA<\/a>)<\/li><\/ul>\n\n\n\n
What Is A Layer 2 (L2) Protocol?<\/h2>\n\n\n\n
An L2 blockchain is a secondary framework built independently upon an existing L1 system. L2 protocols exist to solve various issues such as transactions per second issues and scaling while staying off the main chain. ((Binance Academy - Layer 2<\/a>))<\/p>\n\n\n\nNotably, using an off-chain<\/a> solution allows for the inherent structure of the main chain to stay exactly the same. This keeps the original chain secure, as there is less chance for errors in something such as the code. Since L2 protocols take a portion of the workload on behalf of L1, the application layer is able to utilize the security of the base blockchain.<\/p>\n\n\n\nThe most popular Layer 2 blockchain tokens include;<\/p>\n\n\n\n
- Polygon (MATIC<\/a>)<\/li>
- Loopring (LRC<\/a>)<\/li>
- OMG Network (OMG<\/a>)<\/li><\/ul>\n\n\n\n
What Is A Layer 3 (L3) Protocol?<\/h2>\n\n\n\n
Layer 3's allows for protocols that enable applications to be built upon it, commonly known as the application layer.<\/p>\n\n\n\n
L3 protocols facilitate the use of dApps, DeFi<\/a>, and games bringing real-world use for blockchains outside of cryptocurrencies.<\/p>\n\n\n\nL3 systems aim to create trustless interoperability between blockchains L1 and L2 protocols.<\/p>\n\n\n\n
The most popular and used Layer 3 tokens and applications are;<\/p>\n\n\n\n
- Uniswap (UNI<\/a>)<\/li>
- 1inch (1INCH<\/a>)<\/li>
- Quant (QNT<\/a>)<\/li><\/ul>\n","post_title":"Application Layer Protocols","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"application-layer-protocols","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-11 21:50:59","post_modified_gmt":"2022-06-11 11:50:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3962","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
