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Questions and Answers
Which issue can Layer 3s solve in crypto?
Which issue can Layer 3s solve in crypto?
- Decentralization
- Transaction finalization
- Scalability (correct)
- Security
What is the purpose of Layer 3 protocols in crypto?
What is the purpose of Layer 3 protocols in crypto?
- To solve the blockchain trilemma
- To finalize transactions and add blocks to the blockchain
- To provide enhanced scalability and host application-specific decentralized applications (correct)
- To prioritize decentralization and security over scalability
What are examples of Layer 3 protocols mentioned in the text?
What are examples of Layer 3 protocols mentioned in the text?
- Bitcoin, Ethereum, and Litecoin
- Orbs, Arbitrum Orbit, and zkSync Hyperchains (correct)
- Ripple, Cardano, and Polkadot
- Tezos, EOS, and Tron
What is the main challenge faced by Layer 1 blockchains?
What is the main challenge faced by Layer 1 blockchains?
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Which networks prioritize decentralization and security over scalability?
Which networks prioritize decentralization and security over scalability?
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What is the main purpose of Layer 3 protocols in crypto?
What is the main purpose of Layer 3 protocols in crypto?
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What issues can Layer 3s solve in crypto?
What issues can Layer 3s solve in crypto?
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What is the role of Layer 1 blockchains?
What is the role of Layer 1 blockchains?
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Which networks prioritize decentralization and security over scalability?
Which networks prioritize decentralization and security over scalability?
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What are examples of Layer 3 protocols mentioned in the text?
What are examples of Layer 3 protocols mentioned in the text?
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