Whats the difference between Blockchain Layer 1 and 2⁉️

Blockchain technology is a game changer offering a decentralized and secure way to store and transfer data.At the heart of this innovation are the layers of the blockchain,including Layer 1 and Layer 2

~Layer 1 is the foundational layer of the blockchain:

It provides the essential infrastructure and functionality

It’s referred to as the"settlement layer",since it is where transactions are settled and recorded.

~Layer 2 is built on top of Layer1:

Provides scalability and efficiency.

Often referred to as the "payment layer" since it facilitates the transfer of value between parties

It includes solutions that enable faster and more cost effective transactions.

Together, these layers create a powerful and system that is changing the way we think about transactions.