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: Follow us on Youtube: [https://youtu.be/fgxtF7nNAdE] Where to find Phani Linkedin - (https://www.linkedin.com/in/phanivuyy...) YouTube - (https://www.youtube.com/channel/UCTxB...) Where to find Sid Linkedin: [https://www.linkedin.com/in/💡-siddhartha-saladi-mba-ms-b5a09418](https://www.linkedin.com/in/%F0%9F%92%A1-siddhartha-saladi-mba-ms-b5a09418) Newsletter: [https://sidsaladi.substack.com/](https://sidsaladi.substack.com/) Twitter: [https://mobile.twitter.com/saladisidhu](https://mobile.twitter.com/saladisidhu)