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10 Questions

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Layer 3 Protocols in Crypto

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Questions and Answers

Which issue can Layer 3s solve in crypto?

Decentralization

Transaction finalization

Scalability (correct)

Security

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?

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?

Blockchain trilemma Signup and view all the answers

Which networks prioritize decentralization and security over scalability?

Bitcoin and Ethereum Signup and view all the answers

What is the main purpose of Layer 3 protocols in crypto?

To provide enhanced scalability and host application-specific decentralized applications Signup and view all the answers

What issues can Layer 3s solve in crypto?

Scalability, interoperability, customization, and more Signup and view all the answers

What is the role of Layer 1 blockchains?

Form the foundation where blocks are added and transactions are finalized Signup and view all the answers

Which networks prioritize decentralization and security over scalability?

Bitcoin and Ethereum Signup and view all the answers

What are examples of Layer 3 protocols mentioned in the text?

Orbs, Arbitrum Orbit, and zkSync Hyperchains Signup and view all the answers

Layer 3 Protocols in Crypto

Choose a study mode

Podcast

Questions and Answers

Which issue can Layer 3s solve in crypto?

What is the purpose of Layer 3 protocols in crypto?

What are examples of Layer 3 protocols mentioned in the text?

What is the main challenge faced by Layer 1 blockchains?

Which networks prioritize decentralization and security over scalability?

What is the main purpose of Layer 3 protocols in crypto?

What issues can Layer 3s solve in crypto?

What is the role of Layer 1 blockchains?

Which networks prioritize decentralization and security over scalability?

What are examples of Layer 3 protocols mentioned in the text?

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