No Summary provided as the original text is short
- Solana: A high-performance blockchain known for low transaction costs and fast processing, often used for decentralized applications and DeFi projects.
- Layer 1 (L1) blockchain: A base network, like Ethereum or Solana, that processes and validates transactions without relying on another blockchain.
- Layer 2 (L2) solution: A secondary framework built on top of a Layer 1 blockchain to improve scalability and reduce transaction fees.