What is a layer 3 crypto?

In contrast, Bitcoin, while an innovative and highly secure blockchain, is not inherently suited to host Layer 3 applications due to its focus on being a decentralized digital currency.

Layer 3 blockchains represent a critical layer within the blockchain ecosystem, designed specifically to host decentralized applications (DApps) and the protocols that enable their operation.

These advanced blockchains offer a platform where developers can build and deploy sophisticated DApps, leveraging the unique properties of blockchain technology.

Ethereum and Solana are prominent examples of blockchains that support a thriving Layer 3 ecosystem, allowing for the creation of a wide range of decentralized applications and services.

Layer 3 blockchains are essential for advancing the blockchain industry, as they enable the development of more complex and powerful decentralized solutions.