Layer-3
Riccardo Dondi
Layer-3 in cryptocurrency enhances functionality, interoperability, and user experience by building on Layer-1 and Layer-2, enabling advanced applications and cross-chain integration.
Cryptocurrency
Layer 1
Layer 1 in cryptocurrency refers to the foundational blockchain architecture, essential for transaction validation, data storage, and consensus mechanisms.
Interoperability
Interoperability in cryptocurrency enables seamless communication and transactions between different blockchain networks, enhancing efficiency and fostering innovation.
Interledger Protocol (ILP)
The Interledger Protocol (ILP) enables seamless payments across different ledgers, ensuring secure, interoperable, and efficient cross-border transactions.
Initial DEX Offering (IDO)
An Initial DEX Offering (IDO) is a decentralized fundraising method where tokens are issued on a DEX, offering transparency, immediate liquidity, and lower costs.
Incentivization
Incentivization in cryptocurrency drives user participation, network security, and growth by rewarding activities like mining, staking, development, and user engagement.
Immutable
Immutability in cryptocurrency refers to data being unchangeable once recorded, ensuring security, transparency, and accountability in blockchain technology.
Immersive Social
"Immersive Social" in cryptocurrency integrates social interaction within decentralized, immersive digital environments, enhancing user engagement and community building.
ICO (Initial Coin Offering)
An ICO is a fundraising mechanism where blockchain projects issue tokens in exchange for cryptocurrencies, offering early access but also involving significant risks.
Hyperledger
Hyperledger is an open-source project by the Linux Foundation, providing tools for enterprise blockchain solutions, including support for smart contracts and tokenization.