Questions tagged [layer]

Federico Thu Dec 26 2024 | 6 answers 1280

I'm interested in understanding what a layer for smart contract is in the context of Bitcoin. I want to know how it works and its purpose in the Bitcoin ecosystem.

Moonshadow Tue Oct 22 2024 | 6 answers 1017

I'm trying to understand the concept of blockchain technology and its components. In this context, I've encountered the term 'chainlink' and I'm wondering which specific layer or component of the blockchain architecture it refers to.

alexander_rose_writer Mon Sep 23 2024 | 5 answers 1196

Excuse me, could you please elaborate on the concept of "layer 3" in the context of cryptocurrency? I'm curious to understand what specific features or functionalities it refers to, and if there are any notable examples of layer 3 cryptocurrencies in the market today. I've heard the terms "layer 1" and "layer 2" often associated with blockchain technology, but I'm not familiar with the term "layer 3." Would you kindly provide some insights into this matter?

Riccardo Mon Aug 26 2024 | 6 answers 1187

Could you please explain what the smart contract layer is in simple terms? I've heard it mentioned in the context of blockchain technology and decentralized applications, but I'm still not entirely clear on its function and significance. How does it differ from traditional contracts, and why is it considered an important aspect of blockchain-based systems? I'm particularly interested in understanding how smart contracts enable automated transactions and enforce their terms without the need for intermediaries.

GinsengBoost Tue Aug 20 2024 | 7 answers 1423

Excuse me, could you please clarify which specific layer of the Concordium blockchain you are referring to? Concordium boasts a unique architecture with multiple layers, including the consensus layer, the identity layer, and the smart contract layer. Each layer serves a distinct purpose and plays a crucial role in the overall functionality and security of the blockchain. So, are you interested in learning more about the consensus mechanism that ensures the security and integrity of the network, the advanced identity management system that protects user privacy, or the powerful smart contract capabilities that enable decentralized applications? I'd be happy to provide more details on any of these layers, depending on your specific area of interest.