Is Solana a layer-1 or 2?

Summary. Solana is a Layer 1 blockchain protocol that has gotten a lot of attention from the crypto community and investors. It’s currently the 6th largest, by market cap, crypto asset. Similar to Ethereum, crypto developers & entrepreneurs are building using Solana, creating a vibrant ecosystem and community.

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What is a layer-1 Crypto?

Layer 1 refers to a base network, such as Bitcoin, BNB Chain, or Ethereum, and its underlying infrastructure . Layer-1 blockchains can validate and finalize transactions without the need for another network. Making improvements to the scalability of layer-1 networks is difficult, as we’ve seen with Bitcoin.22 Şub 2022

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Which Crypto is Layer 2?

Two major examples of layer 2 solutions are the Bitcoin Lightning Network and the Ethereum Plasma . Despite having their own working mechanisms and particularities, both solutions are striving to provide increased throughput to blockchain systems.

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