Best Layer 1 Protocols of 2024

The Filecoin mainnet has been launched. Join Filecoin today to make deals, store your data, and earn FIL. Filecoin's network allows anyone to become a storage provider and monetize open hard drive space. This creates incredible economies of scale. The Filecoin network rewards participants at multiple levels, from large data centers to local entrepreneurs to those who have mining rigs that cover the entire last mile. To win storage deals, store data and earn filecoin, miners combine disks with other hardware. There are many mining configurations, from desktop computers to large racks that have disks and compute. This is not a place for wasting proof-of-work. More block rewards are won if you have more files. The more filecoin that you earn, the more storage you can add. Miners will be rewarded for delivering content fast with the Filecoin retrieval marketplace.

Kava is a DeFi platform that allows for decentralized lending and stablecoins that are compatible with major cryptocurrencies. It has a cross-chain that provides stablecoins and guaranteed loans to users of major crypto assets like BTC, XRP, BNB, ATOM, and XRP. In exchange for USDX (Kava's stablecoin), users can guarantee their cryptocurrencies. The platform offers two types of tokens: the USDX stablecoin and the KAVA coin. KAVA, the native token of blockchain, is comprehensive in security, governance, mechanical functions, and can be found on the platform.

Celo is an open platform that makes financial services accessible to anyone with a smartphone. Mobile-friendly global payments infrastructure. Celo is an open-source platform that allows anyone to create borderless applications. It has been developed by thousands of individuals and organizations. Full node incentives and hyper-efficient light clients allow for scaling to 6 billion smartphones. Easy to use EVM compatibility makes it easy to get started. A growing family of native stablecoins like Celo Dollars that follow the value fiat currencies. You can pay transaction fees using stablecoins, or your own tokens. With Celo's decentralized phone verification protocol users can send currency to any mobile number and have access to a growing global cash-in-cash-out network. Celo's developer tools allow you to explore, build, and ship new ideas for your community.

BNB Chain is one of the most well-known blockchains in the world. It focuses on delivering its core infrastructure for future public adoption and remains a community-first, open-source ecosystem built on a permissionless, decentralized environment. Binance Smart Chain and Binance Chain have merged to form BNB Chain. BNB Chain consists of BNB Beacon Chain (previously Binance Chain), and BNB Smart Chain. BNB (formerly known as Binance Coin) has been renamed to "Build and build" to better reflect the current state of the blockchain. MetaFi is a concept that provides sophisticated and sophisticated DeFi Infra for all types of projects, such as metaverses, GameFi, SocialFi, Web3, and so on.

Hyperledger Fabric, an enterprise-grade distributed ledger platform, offers flexibility and modularity for a wide range of industry use cases. Hyperledger Fabric's modular architecture allows for a wide range of enterprise use cases. It can be used with plug-and-play components such as membership services, privacy, consensus, and privacy. Hyperledger Fabric is a foundation for building applications or solutions using a modular architecture. Hyperledger Fabric allows components such as membership services and consensus to be easily integrated. Its modular and flexible design allows it to be used in a wide range of industries. It is a unique way to achieve consensus that allows performance at scale while protecting privacy. Fabric's most compelling feature is the ability to create networks. Although members of a network work together because some businesses need their data to remain private they often have separate relationships within their networks.

Technology that allows for frictionless financing. We are the technology company that developed and built the first open, permissionless, pure-proof-of-stake blockchain protocol. This protocol, which is free from forking, provides the security, scalability and decentralization necessary for today's economy. We are a team of award-winning professionals that enable traditional finance and decentralized financial companies to embrace frictionless finance. Advanced technology opens the door to sophisticated applications. DeFi solutions and DeApps with smart contract capabilities can scale to billions of people, tens or millions of transactions per day, and incur negligible transaction fees. Algorand Standard Assets, which are standard blockchain assets, have customizable options and can be found directly in Layer-1. Layer-1 provides secure transactions and transaction settlement for multiparty transactions. Facilitating enterprise adoption of decentralized finance

For blockchain developers who want rapid progress, unprecedented interoperability is available and scalability is possible. Substrate was used to build the project. It has a similar codebase and multichain infrastructure to Polkadot's cousin Kusama. Technology and society have become so interdependent that large entities are able to overstep their authority and stretch their boundaries. Kusama was created as a risk-taking network for Polkadot. It's a platform that allows change agents to take control, incite innovation, and disrupt the status quo. You can ship your product quickly if you move fast. Kusama's willingness to take risks and agile mentality allow developers to quickly move through the governance and upgrade process. This allows for rapid progress and growth. You can build on a next-generation multichain network that is sharded and uses the most recent features before they are available on Polkadot.

The public blockchain, which derives its value through activities created by members of the ecosystem to solve real world economic problems. BlockRef and Expiration transaction fields allow users to set the time at which transactions are processed or expired, if they are not included in a block. Flexible transaction fee delegation schemes (Multiparty Payment and Designated gas Payer) allow for a freemium model within an application that allows users to be onboarded without any friction. Multi-function atomic transactions enable developers to batch pay, add multiple calls from different contract functions to one transaction, and determine their order. To ensure that the execution order meets business needs, you can set dependencies. Transactions that specify a dependency won't be executed until the transaction is processed.

Our platform offers industry-leading transaction speeds, as well as a sub-second block latency rate. This allows EOSIO to support mission critical applications. You can deploy public, private, permissioned, or unpermitted blockchain infrastructures. Executable smart contracts allow you to implement custom programmable governance. You can customize to fit your business and application requirements. Developers have access to an ever-expanding range of products, features and tools. Our EOSIO experts provide extensive training and certification to help you take your skills to new heights. EOSIO allows you to quickly scale and onboard projects, regardless of your level of expertise. You can benefit from the latest in blockchain technology and web security verification standards that enable superior data integrity.

The Worldwide Asset Exchange™ (WAX), is the world's largest decentralized entertainment and video game network. We offer the most convenient and secure way to create, buy and sell virtual items (NFTs), to anyone anywhere in the world. The WAX tokenomic model combines the explosive growth in NFTs and the superior monetization capabilities offered by DeFi. Anyone who participates can earn rewards in the form Ethereum Tokens (ETH), and WAXG Governance Tokens. Global brands trust WAX for NFT sales launches, including deadmau5, Topps and William Shatner. WAX allows you to build dApps, games and marketplaces. The WAX Developer Hive provides documentation, quickstarts, code samples, and more. WAX offers many options - you can play a game or sell NFTs on a marketplace. You can also upgrade your dApp.

Build on Avalanche. You can build without limitations. Avalanche is a platform that allows you to create decentralized financial applications. It is open and programmable. Launch Ethereum dapps to instantly confirm transactions and process thousands of transactions per minute. This is far more than any other decentralized blockchain platform. You can deploy blockchains that meet your application requirements. You can create your own virtual machine and decide how the blockchain should work. Secure the platform by locking up your AVAX and facilitating transactions. Most likely, you have the hardware necessary to join the platform. Avalanche supports Solidity. All your favorite tools, such as Remix, Truffle, or Tenderly, work right out of the box. Avalanche smart contracts are only a tenth as expensive as Ethereum. Low gas fees, front-running, adverse effects, and other negative effects of slow smart contracts blockchains are all gone.

The original Layer 1 blockchain project is now launching a revolutionary public network that allows smart contracts to run at web speed, scale well, and reduce computing costs by as much as a million times. You can build everything, from DeFi to mass-market tokenized social media services that run off-chain, or extend Ethereum apps. Chase the blockchain singularity. Blockchain is limitless with the speed, power and scale of the Internet. Smart contracts are the only way to create tokenized mass-market social media services.

Fetch.ai builds tools and infrastructure that enable a decentralized digital economy. Fetch.ai is a Cambridge-based artificial Intelligence Lab that builds a decentralized machine-learning platform. It uses a distributed ledger to allow secure sharing, connection, and transactions based upon any data worldwide. Fetch.ai's network is built around an open-source technology that anyone can use to connect to it. This gives access to the power and security of AI on a global secure dataset that allows for complex coordination tasks in modern economies. A series of software agents act for their owners on this network. These autonomous agents provide a service that is optimized across multiple ecosystems to both consumers and suppliers.

ConsenSys Quorum allows enterprises to use Ethereum for their high-value, blockchain-based applications. Businesses can use the Quorum open source protocol layer to integrate with other companies or their product modules. This allows them to create high-performance, customizable apps. Our mission is to facilitate the adoption of blockchain technology. ConsenSys Quorum allows you to integrate product modules from ConsenSys or third-party vendors. This allows you to create high-performance, customizable apps. ConsenSys Quorum is composed of two open-source projects. One is based on Hyperledger Besu, the other on GoQuorum. ConsenSys Quorum's Blockchain Service Support is a subscription-based service that provides developers and businesses on-demand, developer or production support for the Quorum open source protocol projects. It also includes additional tooling and upgrades to help ensure your production system's success.

Arweave, a new storage system, backs data with permanent and sustainable endowments. This allows developers and users to store data forever for the first time. Arweave is a collectively owned hard disk that never forgets. It allows us to keep valuable information, apps and history forever. It preserves history and prevents others from rewriting. The permaweb is a global community-owned web that anyone can participate in or get paid to maintain. It is located on top of the Arweave Network. Although the permaweb appears just like the regular web, all its content, including images and full web apps, can be retrieved quickly and decentralized forever. The permaweb connects people for very long periods of time, just as the first internet connected people across vast distances. No more 404s, stealth edits or web apps that are less quality.

HECO is a decentralized, cost-efficient public chain that Ethereum developers can quickly get started with. Smart contracts are seamlessly compatible. HECO has developed a Defi ecosystem with wallets and assets as well as applications rankings. Users can quickly access the most recent DApps. What can you farm? Defibox.com offers the Yield Farming tutorial, which will help you farm the next star project in HECO. HECO is an open and decentralized ecology. Each year, decentralized organizations like developer communities, technology alliances and ecological alliances have been created. We look forward to you joining.

Anchor Protocol allows Terra stablecoin deposits for stable yield. It is powered by block rewards from leading proof-of-stake Blockchains. Terra stablecoins are loved by millions of merchants and users for their instant settlements, low fees, and seamless cross-border trade. Mirror Protocol allows for the creation of fungible assets called "synthetics" that track the prices of real world assets. Mirror synthetics will be used to build smart contracts and bring the world's assets onto the blockchain. You can build smart contracts in Rust or Go, or AssemblyScript. Multiple chains can be used, each connected by the Cosmos IIBC. Use Terra stablecoins, onchain swaps, layer 1 oracles as primitives. Terra's payment services can be accessed by dApp users in a permissive manner. Terra plans to make its stablecoins accessible to every developer on every blockchain. Now available on Ethereum and Solana. More to follow.

The first trading chain in the world, a decentralized and borderless blockchain-based ecosystem to exchange value. OKT Chain is a public permissionless chain that no one controls. Anyone can create applications and projects from anywhere on the planet. OKX does not control or endorse any projects on OKT Chain. Blockchain's decentralized nature may pose risks. Be responsible for your financial choices and research projects thoroughly. Before interacting in any way with OKT Chain, it is important to research and understand the project. All developers and users have free access to both the main and test networks. Separate the OKC main network from the testnet. All assets on the Testnet are worthless. Never share your private keys. Before authorizing third-party projects, make sure they are secure. We support MetaX MetaMask imToken TokenPocket TokenPocket, TokenPocket, and other wallets.

Waltonchain is the underlying public-private business ecochain. It uses RFID technology to create a unique combination of Blockchain and the Internet of Things. Merchants can create custom child chains and monitor logistics, production, and retail circulation of all commodities on this ecochain. Waltonchain is a business ecochain that ensures all data is authentic and credible. All physical commodities in circulation are automatically recorded to the blockchain using the self-developed reader chip/tag chip. Waltonchain prevents human interference and minimizes the possibility of data tampering. It creates a new-generation, fair, transparent, traceable, and credible business ecosystem. Waltonchain's technical team has created a smart RFID reader-writer that is protected by intellectual property. It can automatically collect data, process it, and upload it to blockchain.

IoTeX is the fastest and most secure blockchain platform available. IoTeX is currently the leader in leading industry standards bodies and consortiums around the globe. IoTeX hosts an ever-growing community of products and projects that were developed by members. The IoTeX Blockchain powers real devices, including the award-winning, blockchain-powered cameras at Consumer Electronic Show (CES) as well as the pebble geo device. This is ideal for supply chain optimization in any industry.

Kadena's public Blockchain is a braided, high throughput Proof of Work system. It improves throughput as well as scalability and maintains the integrity and security of Bitcoin. Kadena uses KDA, its native token, to provide a secure, scalable way to offer virtual currency. Kadena is also used to share data. It is used in a variety of industries, including finance, insurance, health care, and many others. Kadena's main network is now open for public mining. The latest release can be found on our Chainweb-node GitHub project. You can also watch the mining of parallel chains in real time through Kadena’s Block Explorer. Our Testnet Portal was also released. This portal allows you to download our testnet wallet, receive testnet coins, play games, and interact with our blockchain. Kadena's public Blockchain is a massively parallel protocol which brings efficiency to Proof of Work.

Blockchain technology is rapidly changing the way we see the world, but both public and private networks of blockchains are still isolated. Open Finance must be connected. Open finance is enabling financial freedom and empowerment. It also allows us to connect in a way that we have never seen before. This is how we aim to accelerate global connectivity. Wanchain is the most advanced blockchain interoperability platform in the world. Wanchain connects all private and public blockchains to allow the flow of digital assets and data around the globe. Decentralized, non-custodial mechanism allows you to lock tokens on the original blockchain. Use proxy tokens in DAPPs across Wanchain's crosschain ecosystem. Burn the proxy tokens to unlock the original tokens. Wanchain provides developers with the economic infrastructure to create super financial applications that span multiple blockchains.

Early internet applications were built on separate networks that required different access and interaction methods. Today, we see this segregation again in a decentralized world with poor interoperability. Nervos Network provides a suite integrated solutions that enable developers to create Universal Apps. You can choose your interface, choose your crypto, and then stick with it. However, you can still access the entire space. Nervos eliminates the frustration of multiple wallets and exchanges as well as seed phrases. Nervos allows you to target any Virtual Machines (VM) and build on it. You can easily port your dApp to other platforms and have instant access to the entire Blockchain ecosystem. Sustainable crypto-economics that includes a built-in store-of-value mechanism to solve the most difficult sustainability problems for public blockchains.

ThunderCore combines high-performance with decentralized trust. ThunderCore, an EVM-compatible public Blockchain, was developed through years of rigorous academic research. It offers faster confirmation times, higher throughput, and lower costs, making it easy for DApps and developers to scale and deploy. ThunderCore Hub is a secure, easy-to-use crypto wallet that supports DApp browsers. Manage your assets and enjoy the fast, scalable, and user-centric Web3 decentralized applications made possible only by ThunderCore's high performance blockchain. Thunder Token, the native currency of ThunderCore's independent public blockchain, is ThunderToken. ThunderCore is an Ethereum Virtual machine (EVM)-compliant blockchain. ThunderCore can issue tokens that are based on ERC-20 standards and deploy them. Thunder Token can be used for building and monetizing decentralized applications on ThunderCore's blockchain.

ICON is a protocol for blockchain-based decentralized applications. It is an aggregator chain that achieves interoperability. This creates a web of interconnected networks that aggregate all blockchain data into a single layer. We want to create a new world where everyone connects and builds their own communities. That's what ICON will do. Learn more about the ICON Republic, its cryptocurrency, ICX. You can build on one of the fastest-growing decentralized networks in the world. Learn how to launch your idea on ICON. To ensure growth of the ICON ecosystem and your staked ICX, it is important to delegate to P-Reps who add value to it. ICON currently has one of the highest rewards in blockchain staking. Official wallet to manage tokens on ICON Network. Vote and get rewarded easily MyIconWallet, ICON's Wallet that supports ICX and other cryptocurrencies, is called MyIconWallet. Our decentralized network allows independent blockchains of different governances to transact directly with each other without intermediaries.