Layers of Blockchain Basics

Layers of Blockchain Basics" is a guide to understanding the revolutionary technology behind blockchain and its potential use cases in various industries. The book covers the technical details and challenges of blockchain adoption and its significance in shaping the future.

What is the Blockchain - Page3

• A blockchain is a decentralized digital ledger that records transactions across a network of computers.

How Does it All Work - Page 4

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Definition of Layer 1 Technology - Page 6

• Layer 1 is the fundamental base network of a blockchain platform that executes all on-chain transactions.

Examples of Layer 1 Technology - Page 7

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Definition of Layer 2 Technology - Page 8

• Layer 2 technology is a blockchain scaling solution that enables more transactions to be processed on the blockchain in a shorter amount of time.

How Off-Chain Transactions Work - Page 9

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Examples of Layer 2 Solutions - Page 10

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Definition of Layer 3 - Page 11

• Layer 3 solutions allow applications and smart contracts to interact with layer 2 systems, as well as to access data from external sources.

How Smart Contracts Work - Page 12

• Smart contracts are self-executing contracts that use blockchain technology to store and execute contractual agreements.

Examples of Layer 3 Technology - Page 13

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Summary and Recap - Page 14

• New blockchain technology has the potential to revolutionize our lives in numerous ways!

What Does This All Mean - Page 15