E08 - Side chains | Future Crypto Ecosystem

In the world of cryptocurrency, there are three main types of protocol: layer 1, layer 2, and layer 0. Each layer has its purpose and function, and all three are necessary for the ecosystem to work properly.  

Layer 1 protocols are the foundation of the system and are responsible for the security and integrity of the network. Bitcoin, Ethereum, and Litecoin are all examples of layer 1 protocols.  

Layer 2 protocols are built on top of layer 1 and are responsible for scaling and enabling new features and functionality. polygon and Plasma are examples of layer 2 protocols.  

Layer 0 protocols are the application layer and are where users interact with the system. Polkadot and wallets are examples of layer 0 protocols. To learn more about side chains tune into our Podcast:

To learn more about the side chains tune into our Podcast:  

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