[silicon valley, 30th June] – The number of users and the amount of funds deposited by years of development are the advantages of Ethereum for a long time, and with the support of Layer 3 grand technology, Ethereum performance will be greatly improved. In the future, the Ethereum public chain will come back to life.
There is no shortage of dedicated builders in the crypto industry who are putting a lot of sweat into this thriving Web3.0 world. Between DeFi protocols integrating with traditional financial systems, DAO vaults accumulating real-world assets, and traditional gaming companies breaking into Web3.0, today’s emerging narrative shows that the line between decentralized solutions and the real world is blurring. And this process will only continue, with 2023 likely to be the year that Ethereum enters the mainstream and prepares it for its central place in the life of the meta-universe.
In this critical period, the Ethereum cross-chain scaling solution, Layer 3, will undoubtedly play a pivotal role in promoting development.
As you know, Layer 2 Rollup is a scaling technique that addresses the two major bottlenecks of blockchain runtime scaling: compute and data. When more needs arise, a third Layer is built on top of Layer 2 to perform parallel and specific scaling through a fractal approach, which is why Layer 3 exists, that is, Layer 3 is driven by cost and efficiency.
The value brought by Layer 3 is recognized by well-known figures and project parties in the entire crypto industry, that is, custom functions, custom scalability, and custom security. It is particularly noteworthy that Layer 3 combines cross-chain technology with Layer 1 and Layer 2 expansion schemes to bring a new chain expansion scheme, support cross-chain interaction between major public chains, complete block transactions more quickly with lower GAS fees, and bring users a silky transaction experience.
Based on the above advantages, as the Ethereum ecosystem flourishes, the value of Layer 3 will be more distinctive based on more free and diversified market demands.
Not only that, Layer 3 technology has a wide range of applications in the Ethereum ecosystem.
First, Layer 3 technology adopts the principles of distributed systems and cryptography, and has the characteristics of decentralization and security. One of the most notable is smart contracts, which are self-executing contracts that govern transactions based on pre-set rules and conditions. Smart contracts can achieve trust and transparency without the involvement of third parties, avoiding potential risks and abuse by middlemen.
Second, Layer 3 technology provides developers with a wealth of tools and resources through open protocols and standards, enabling them to build a wide variety of applications, and it provides a secure and trusted execution environment for smart contracts.
At the same time, Layer 3 technology has a wide range of benefits.
On the one hand, it can promote more innovation and competition. Because of Ethereum’s openness and transparency, anyone can use Layer 3 technology to build their own applications and gain a place in the digital economy. This open and competitive environment will drive technological progress and innovation, providing users with more choices and better services.
Layer 3 technology, on the other hand, has lower cost and efficient processing power. Compared to traditional centralized systems, Layer 3 technology can cut out most middlemen and fees, reduce transaction costs and speed up transaction confirmation.
In addition, Layer 3 technology can also make cross-border transactions more convenient and economical, providing more opportunities and possibilities for global commerce. Finally, Layer 3 technology helps drive the development of the digital economy. Digital economy refers to the use of the Internet and information technology to conduct economic activities, it has become an important driver of global economic development.
In summary, Layer 3 provides a more secure, efficient and innovative infrastructure for the digital economy, which can build more decentralized applications and services to meet the growing needs of users, and is of great significance in the digital economy. With decentralized, secure and trusted smart contracts and other application Layer protocols, Layer 3 provides users with more innovation, competition and choice. It also reduces transaction costs, accelerates transaction processing and drives the development of the digital economy.
In the future, the blessing of Layer 3 grand technology will certainly open a new narrative of Ethereum. We can expect further innovation and application of Layer 3 in the Ethereum ecosystem to make greater contributions to the prosperity of the digital economy.
Media Contact: [jack] [Marketing Manager] [service@community-Layer3.org]
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