Cryptocurrency Q&A
What is Ethereum L3?
What is Ethereum L3?
Margherita
Wed Oct 23 2024
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7 answers
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Ethereum L3 refers to a proposed layer in the Ethereum network architecture, designed to further enhance scalability and efficiency. It aims to build upon the existing Layer 2 solutions, which have already improved transaction speed and reduced costs. By introducing additional technological innovations, L3 seeks to address the remaining challenges faced by the Ethereum network, enabling it to handle even higher volumes of transactions and support more complex decentralized applications.
7 answers
GeishaElegance
Fri Oct 25 2024
Layer 3 on the Ethereum network holds a distinct position.
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Leonardo
Fri Oct 25 2024
In blockchain terminology, it is often referred to as a conceptual framework.
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Federico
Fri Oct 25 2024
This framework serves as an infrastructure layer.
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MysticStar
Thu Oct 24 2024
Its main function is to build on top of Layer 2 scaling solutions.
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noah_stokes_photographer
Thu Oct 24 2024
By doing so, it aims to enhance the overall efficiency of the Ethereum network.
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