What are Blockchain layers 0,1,2, and 3? Crypto Explained. Cryptocurrencies and blockchain technology will be explained in this video were we will dive deep into what is layer 0 to 1 and up to 3, why these layers are important in blockchain technology and allow cryptos like Bitcoin, ethereum, and others to functions.
Features like defi and smart contracts exist thanks to blockchain technology so why these layers are important in relation to that. Some people however call them layer 1 or layer 2 crypto and these are coins or tokens, for example Bitcoin is layer 1 crypto.
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