In the world of Web3, layers are the technologies that enhance the performance and speed of a blockchain network. They're primarily divided into two categories: Layer 1 and Layer 2.
Layer 1 refers to the main blockchain network itself, such as Bitcoin or Ethereum. These chains handle the fundamental security and transaction processing but often face limitations like slow transaction speeds and high fees.
To solve these issues, Layer 2 solutions were developed. These are protocols built on top of Layer 1 that process transactions off the main chain. This approach drastically increases transaction speed and reduces costs. Platforms like Polygon and Arbitrum are excellent examples of Layer 2 technologies, making blockchain more practical and scalable for everyday use. #BuiltonSolayer @Solayer $LAYER