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Exploring the Challenges and Potential of Layer 2 and Layer 3 Solutions in Blockchain Technology
The chapter delves into the state of Layer 2 and Layer 3 solutions in blockchain technology, discussing the challenges of user experience and the need for improved UX for mass adoption. It explores the role of speculation in driving adoption, the potential of decentralized finance, and the importance of account abstraction in simplifying user interactions. Additionally, it discusses the evolving concept of wallets, asset management across different chains, and the necessity of interoperability standards in the Web3 ecosystem.