19/12/2022
Right from the emergence of Bitcoin, the technology has advanced to harbor many intelligent minds who strive to provide solutions to everyday problems with emerging innovations.
Among these innovations is the birth of Decentralized Finance (DeFi), a technology that gets rid of middle-men and gives the financial power back to the owner.
These decentralized finance activities run on something known as 'BLOCKCHAIN,' a ledger that records cryptocurrency transactions.
The Ethereum Blockchain, being the pioneer of decentralized finance, have provided a hub for decentralized applications to come to life and a host of decentralized products buzzing on the blockchain.
Because of this, the blockchain turned out to be stuffy and costly to use. This quandary has brought about many projects coming to solve the trilemma facing the world of blockchain; Security, Scalability and Decentralization.
The solution they bring about is what we regard to as the Layers of Blockchain. Some comes to start a new blockchain on their own (Layer 0s and Layer 1s), while some comes to optimize already made and active blockchain (Layer 2s), while some comes to only build on these blockchains (Layer 3s).
In this article, I've explained these Layers of the Blockchain in concise and simple form that even a 7-year-old kid will understand it. If you have a community or friends who still struggle to understand this topic, then this is the best resource they need to assimilate it in one go. Share it with them.
https://medium.com//blockchain-layers-explained-to-a-layman-186e67cc9b7f
-----------------------------------------------------------------------------
I am Dammy Dee, a seasoned web 3 content writer blessed by God with prolific content making ideas in a way a 7-year-old kid will understand. If this is something of interest to you, you should consider pressing the 'LIKE / FOLLOW' button. You can also check the link on my profile to check my portfolio.
I hope it pleases you. I look forward to working with you.
