independently verify and vote to confirm the state. Refer to Figure

7.2 that illustrates the verification through Solana nodes, as follows:

Figure 7.2: Verification through Solana nodes

7.2 Transaction fees

Solana’s consensus model ensures that the price per transaction is

lower than $0.01 for the developers and users. At the moment,

Solana charges around $0.00025 per transaction which is one of the

lowest in the entire group of public Blockchain networks.

7.3 L2 Solutions

Solana is already designed so well, with so much of innovation that

its already fast and massively scalable. Hence, there is no need for

an L2 layer, at least for the foreseeable future.