Layer-3
Description
After attending Devcon in Bogota, Stephen and Brock are back and this week they talk about Layer 3.
Vitalik Buterin co-founder of Ethereum has recently talked about what kind of L-3 is possible and what problems does this address.
https://vitalik.ca/general/2022/09/17/layer_3.html
Layer-1 is the base block chain i.e. Bitcoin, Ethereum, etc. Whereas Layer-2 is a roll up on top of the Layer-1 i.e. Optimism and Arbitrum. Layer-2 provides scalability and performance improvements by taking transactions off the main chain without sacrificing on security.
So a concept that pops up over and over again is can we go up another layer and build a Layer-3 and provide more scalability on top of Layer-2.
Listen as the guys discuss if L-3 is really a possibility? Can we simply have a better L-2 without having a need for a L-3? If L-3 is the way forward for scalability on Ethereum blockchain then what solutions it will provide.