What is layer 0 crypto?

Layer 0 protocols are the ground floor for all blockchain protocols. While Layer 1 projects allow for decentralized applications (dApps) to be built on the blockchain such as Uniswap and Aave being built on top of Ethereum, Layer 0 projects allow for entire blockchains to be built on top of them.

What is the difference between Layer 1 and layer 0?

Layer 0 protocols are the ground floor for all blockchain protocols. While Layer 1 projects allow for decentralized applications (dApps) to be built on the blockchain such as Uniswap and Aave being built on top of Ethereum, Layer 0 projects allow for entire blockchains to be built on top of them. What is the difference between layer 2 and layer 3?

What is a layer 0 blockchain?

The two most prominent Layer 0 blockchain protocols are Cosmos and Polkadot: Cosmos describes itself as “a decentralized network of independent parallel blockchains, each powered by Byzantine Fault-Tolerance consensus algorithms, which guarantees safety for up to a third of Byzantine, or malicious, actors.”

What is a layer 0 token?

Its native token ATOM, a layer 0 token, is used as a spam-prevention mechanism for staking and governance. With Web3 and crypto adoption facing obstacles on the Layer 1 front due to scalability and interoperability issues, Layer 0 protocols may just be the solution needed to open the doors to mainstream use.