Is Solana a layer 2?

Solana’s speed, as well as the scalable ecosystem, are the reasons for labelling it as ‘Ethereum Killer’ . Solana also supports Sea level, which is a method for running concurrent smart contracts, making it a much faster blockchain than some of its competitors.

In stark contrast, Ethereum has 2,471 full node validators. Solana has 70% fewer, at 1,447 nodes. Although this means the network is faster than Ethereum because fewer verifications and confirmations have to be conducted, it also means the network is less decentralized .

Solana plans to upgrade its network from Mainnet Beta to a full mainnet version either later in Dec. 2020 or early 2021 .

Solana is not a Layer 2 Blockchain Protocol but rather a high throughput Proof of Stake (PoS) consensus algorithm. We have taken inspiration from Ethereum’s PoW and PoS systems to create our own unique solution.