Quote from: RainbowKun on September 11, 2021, 03:21:44 PM

It has been twelve years since Satoshi Nakamoto coined Bitcoin. He named the white paper of Bitcoin ?A Peer-to-Peer Electronic Cash System?, clearly clarifying his originality: replenish the decayed financial structure and value transfer fabric of the world, putting paid to the conventional centralized mechanics that has lasted for a long time.

Bitcoin has been arresting more and more followers from the moment it showed up, and practicing the decentralized mechanism of encrypted digital currency. I witnessed the prosperity of the entire encrypted digital currency industry and experienced several chain crashes many times. To my delight, overall the number of its believers plunging into this epic campaign are inflating.

I don't know much but this is what I read about it :Layer three protocols, commonly known as application layers, consist of the protocols that allow applications to run on blockchains, as well as the applications themselves. ... For example, when a user initiates a transaction, the process moves from the application layer to the execution layer.
I still have to grow my infos on this