Event Layer refers to a framework that captures and tracks significant actions or occurrences within a blockchain environment. This layer serves as a means to log events associated with smart contracts, transactions, or other changes in state.The Event Layer enables users and developers to subscribe to specific events, making it easier to react or respond to changes. For instance, when a smart contract is executed, relevant events can be emitted, providing real-time updates on actions like token transfers or contract interactions.By organizing events, this layer enhances transparency and traceability, allowing various applications to build functionalities based on these occurrences. It can also aid in data analytics or monitoring, as users can filter and analyze events based on specific criteria. Overall, the Event Layer plays a crucial role in improving communication and interaction in blockchain systems.