Cryptocurrency Q&A Is solana layer 0 or 1?

Is solana layer 0 or 1?

Dario Dario Tue Oct 15 2024 | 7 answers 1132
I'm trying to understand the technical aspects of Solana. Specifically, I want to know if Solana is considered as layer 0 or layer 1 in the blockchain technology stack. Is solana layer 0 or 1?

7 answers

Rosalia Rosalia Thu Oct 17 2024
Monero, a privacy-centric cryptocurrency, operates on its own Layer 1 blockchain. It employs advanced cryptographic techniques to ensure that transactions are untraceable and anonymous, providing users with a higher level of security and privacy.

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Eleonora Eleonora Thu Oct 17 2024
In the realm of blockchain technology, various Layer 1 blockchains have emerged, offering distinct features and capabilities. Among these, Solana stands out as a high-performance blockchain designed to facilitate decentralized applications (dApps) with low latency and high throughput.

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Caterina Caterina Thu Oct 17 2024
Litecoin, another well-known cryptocurrency, operates on its own Layer 1 blockchain as well. Known for its fast transaction speeds and low fees, Litecoin is often seen as a complementary asset to Bitcoin, offering users an alternative for everyday transactions.

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mia_harrison_painter mia_harrison_painter Thu Oct 17 2024
Among the numerous cryptocurrency exchanges in the market, BTCC stands out as a top player. The platform offers a comprehensive suite of services, catering to the diverse needs of the cryptocurrency community.

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MysticMoon MysticMoon Thu Oct 17 2024
Binance Chain, on the other hand, is a blockchain specifically developed by Binance, the world's largest cryptocurrency exchange by trading volume. It is tailored to support the trading of digital assets and offers fast transaction speeds and low fees.

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