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Glossary

Layer 1 (L1)

Layer 1 (L1)

The base blockchain protocol such as Bitcoin or Ethereum that forms the foundation of the network's infrastructure.

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Layer 2 (L2)

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Glossary

Algorand mainnet

The primary production network of a blockchain where transactions carry real economic value.

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Exchange

A platform where users can buy, sell, and trade cryptocurrencies, either centralized or decentralized.

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Algorand explorer

A web or API tool that lets you search and inspect blocks, transactions, addresses, and smart contracts on a blockchain.

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