Best Layer 1 Protocols for Small Business - Page 5

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.

Focused on security and sustainability, Tezos is an open-source framework for digital assets and applications, supported by a worldwide network of validators, researchers, and developers. It effectively tackles significant challenges that have hindered blockchain adoption, such as ensuring the safety of smart contracts, enabling long-term upgrades, and promoting open participation. Designed for high-value applications, Tezos guarantees the safety and correctness of code necessary for managing assets. Its native smart contract language, Michelson, supports formal verification, a technique often utilized in critical fields like aerospace, nuclear power, and semiconductor manufacturing. With a flexible architecture and a formal upgrade process, Tezos allows the network to smoothly introduce and adopt new technological advancements as they arise. This dynamic approach, paired with an on-chain invoicing system, positions Tezos to maintain its cutting-edge status well into the future while ensuring that community consensus remains intact. Ultimately, Tezos represents a forward-thinking solution that aligns with the evolving demands of blockchain technology.

At Zilliqa, we harness our efficient, rapid, and cost-effective blockchain technology to revolutionize digital infrastructure for communities and industries around the globe. Our dedication lies in providing a scalable and secure platform tailored for developers and businesses aiming to create decentralized applications. The innovative use of sharding enables our blockchain to expand in a linear manner, which guarantees that the Zilliqa platform can adapt to the demands of an ever-growing ecosystem of miners and applications. Furthermore, Zilliqa is driven by Scilla, the first peer-reviewed smart contract language designed with safety in mind. By employing functional programming principles reminiscent of OCaml, Scilla enhances its compatibility with static checks and formal verification processes. Additionally, Zilliqa's consensus mechanism significantly minimizes the environmental impact of mining, as it requires only 1 minute of mining every 2-3 hours, thus allowing dual-mining with other blockchain networks simultaneously. This efficient approach not only fosters sustainability but also promotes increased participation from a diverse range of users.

Neo is a blockchain development platform that offers a comprehensive set of features right from the start, allowing developers flexibility rather than confinement. Its native capabilities supply the essential infrastructure necessary to create fully decentralized applications, while its advanced interoperability enables users to tap into the vast potential of the global blockchain landscape. One of Neo's distinguishing aspects is its dual token system, which separates governance from utility; NEO token holders not only own the network but also have a voice in its governance decisions. Additionally, these holders benefit from passive earnings of the utility token, GAS, without the need for staking. Rewards in GAS are further enhanced for those who actively participate in voting. This utility token is crucial for covering network fees, facilitating smart contract deployments, and making purchases within decentralized applications. Overall, Neo's architecture fosters an engaged community while enhancing the usability of the platform.

An open-source end-to-end framework for peer-to-peer applications, Holochain utilizes localized circles of trust to ensure data integrity without the need for centralized control. By integrating established technologies, Holochain fulfills the potential of blockchain, offering self-managed data, a decentralized database, and fostering accountability among peers. This platform provides an alternative to the prevailing centralized structures of the Internet, empowering individuals to make informed choices and access reliable information. We refer to this capability as 'digital agency', which we believe equips us to collaboratively tackle the complexities of modern challenges. Additionally, Holochain allows seamless interaction with other apps as if they were intrinsically part of your codebase, eliminating the need for an HTTP client and allowing for straightforward function calls with optional access controls. The architecture enables computation and data to exist at the edges of the network, removing the burden of infrastructure maintenance and security from users. Furthermore, Holochain is designed to automatically adjust in response to disruptions and threats, making it a robust solution for contemporary needs. Ultimately, this innovation paves the way for a more resilient and user-empowered digital ecosystem.

Hedera is governed by some of the most prestigious organizations across the globe. As the leading enterprise-grade public network, Hedera enables you to shape your digital landscape to align with your vision. The native cryptocurrency, HBAR, is designed to be energy-efficient and fuels the decentralized economy. Whether you are an emerging startup, an established enterprise, a content creator, or a consumer, Hedera offers developers the tools to go beyond traditional blockchain technology, paving the way for the next generation of fast, equitable, and secure applications. While Bitcoin laid the groundwork for decentralized infrastructure and Ethereum introduced programmability, earlier proof-of-work blockchains faced significant challenges, consuming large amounts of energy and processing transactions at slower speeds to maintain security standards. This high bandwidth usage results in costly fees, even for basic cryptocurrency transactions. In contrast, Hedera's proof-of-stake public network utilizes hashgraph consensus, ensuring an unparalleled level of security known as Asynchronous Byzantine Fault Tolerance (ABFT). This innovative approach not only enhances the efficiency of transactions but also contributes to a more sustainable future in digital finance.

IOTA has revolutionized the concept of distributed ledger technology by facilitating secure transactions of both data and value without incurring any fees. Its Tangle framework is an open, feeless, and highly scalable distributed ledger that enables seamless transfer of data and value. As the pioneering distributed ledger tailored for the "Internet of Everything," IOTA creates a network for efficient exchanges between humans and machines. Unlike traditional systems, there are no blocks or miners involved; instead, when a transaction is initiated on IOTA, it necessitates the validation of two previous transactions. This innovative approach allows IOTA to effectively address the cost and scalability challenges typically associated with blockchain technology. Specifically designed for the Internet of Things, the IOTA network ensures tamper-proof data integrity, facilitates feeless microtransactions, and has minimal resource requirements. In the realm of healthcare, electronic health (eHealth) data plays a crucial role, and IOTA enhances the security of this data while paving the way for new healthcare delivery models. With the robust technology provided by IOTA, eHealth data becomes not only secure but also reliable, thanks to the immutable nature of the Tangle, ultimately benefiting both patients and healthcare providers alike.

Ardor stands out as a multichain blockchain platform featuring a distinctive parent-child chain structure. The parent Ardor chain ensures the security of the entire network, while the adaptable child chains offer extensive functionalities. This sophisticated design, combined with hybrid user permissioning options, provides the necessary flexibility for diverse applications and paves the way for broader acceptance of blockchain technology. Moreover, Ardor has been developed with an emphasis on scalability, effectively addressing various challenges currently faced in the industry, such as blockchain bloat, reliance on a single token, and the demand for customizable yet compatible blockchain solutions. Its innovative approach positions Ardor as a promising contender in the evolving landscape of blockchain technology.

ConsenSys Quorum empowers businesses to harness the capabilities of Ethereum for their sophisticated blockchain applications. Companies can utilize the Quorum open-source protocol as a foundation and enhance it with product modules from ConsenSys, external providers, or their internal development teams to create high-performance, tailored applications. Our goal is to facilitate the smooth integration of blockchain technology into business operations. Additionally, ConsenSys Quorum allows for the integration of various product modules from ConsenSys, third-party developers, or your own team to develop highly efficient, customizable applications. The framework comprises two open-source initiatives: one developed from Hyperledger Besu and the other from GoQuorum. Furthermore, ConsenSys Quorum Blockchain Service Support offers a subscription model that provides on-demand assistance for developers and businesses, delivering support for the Quorum open-source protocol projects, along with extra tools and updates to ensure the effective operation of your production systems. This comprehensive support is designed to enhance user experience while maximizing the potential of blockchain technology in diverse applications.

DeSo represents a pioneering layer-1 blockchain specifically designed to accommodate the growth of decentralized social applications, with the goal of reaching one billion users. Social platforms produce vast amounts of data, and current blockchain solutions struggle to manage and organize this information effectively. By targeting one of the largest unexploited sectors for blockchain—Social Media—DeSo has been meticulously constructed to handle this demand. Everything, including code and data, is completely open-source, with all content being directly stored on-chain. So, why choose DeSo? The answer is simple: Scale. It stands out as the only blockchain uniquely engineered to support the expansion of decentralized social applications. Furthermore, the DeSo blockchain features its own native cryptocurrency, $DESO, which can be utilized for a variety of functions, including buying social tokens, acquiring NFTs, crafting profiles and posts, and even sending "diamonds" as rewards, among other capabilities. This versatility adds to the appeal of DeSo, making it a comprehensive platform for social interaction on the blockchain.

The Cronos PoS Chain operates as a public, open-source, and permissionless blockchain, characterized by a completely decentralized framework that offers rapid transaction speeds and minimal fees, all aimed at promoting widespread adoption of blockchain technology through various applications, including payments, decentralized finance, and non-fungible tokens. Additionally, this network is crafted to serve as a public utility, facilitating innovative use cases that cater to a diverse range of users and industries.

Ergo develops cutting-edge cryptographic capabilities and innovative decentralized finance (DeFi) features, building on a robust foundation established over ten years of blockchain research and advancement. By leveraging a decade of blockchain progress, Ergo combines well-established concepts with leading academic insights into cryptography, consensus mechanisms, and digital currencies. We focus on fundamental blockchain principles while integrating advanced cryptography directly into our system. Our team possesses extensive experience in the core development of cryptocurrencies and blockchain platforms, such as Nxt, Scorex, and Waves, and our streamlined methodology enables us to swiftly adapt to emerging features and demands in the industry. This commitment to innovation ensures that we remain at the forefront of technological advancements in the blockchain space.

In a time when digital solutions dominate, traditional currencies seem outdated and less efficient. Presently, cash transactions can be more affordable than using services like banks, PayPal, and Alipay. Enter COTI, an innovative fintech platform designed for enterprises that enables businesses to create customized payment solutions while transforming any currency into a digital format to enhance efficiency and cut costs. With the capability to handle over 100,000 transactions per second (TPS), COTI significantly outperforms traditional payment systems that manage only 25,000 TPS and typical blockchain protocols that can handle up to 20 TPS. The tools provided by COTI for users and merchants are designed for seamless integration and simplicity. Additionally, COTI is the pioneer of a unique dispute resolution system aimed at protecting users from mistakes, fraud, and abuse from counterparts. By eliminating intermediaries and removing the need for expensive mining processes, COTI greatly reduces both costs and energy consumption. The company is also developing price stability technology, which is crucial for encouraging widespread adoption of blockchain in payment systems. Through COTI's advanced technology, transactions, peer-to-peer payments, and remittances become instantaneous, rather than taking several hours to complete, thus enhancing overall user experience and satisfaction. This evolution in payment processing not only promotes efficiency but also positions COTI as a key player in the future of financial transactions.

DERO is an innovative decentralized application platform that emphasizes privacy, scalability, and general-purpose functionality, enabling developers to create robust applications while ensuring users maintain complete control and confidentiality over their assets. The blockchain never decrypts account balances or data, allowing only the account owners to have access to their own information. This represents a significant shift in the approach to data privacy. Built from the ground up in Golang, DERO is an original creation and not a derivative of any existing cryptocurrency, with ongoing active development by its founding team. Its homomorphic encryption protocol caters to both individuals and enterprises globally, facilitating quick and anonymous transactions along with smart contract capabilities and diverse service models. The DERO Project is dedicated to providing a secure environment for developers to launch decentralized applications that prioritize privacy and scalability. By placing utmost importance on security and privacy, DERO sets itself apart in the crowded landscape of blockchain technology. As a result, it opens up new possibilities for users who demand both performance and confidentiality in their digital interactions.

BTG, or Bitcoin Gold, is a cryptocurrency that incorporates the foundational principles of Bitcoin while being mined using standard GPUs rather than specialized ASIC hardware. This shift to GPU mining democratizes the process, allowing individuals to participate in mining rather than concentrating power in the hands of a few large entities that dominate the ASIC market, thereby promoting decentralization and autonomy within the network. The rewards from GPU mining are distributed globally, empowering individual miners instead of merely benefiting warehouse owners who operate ASICs, effectively reviving the network effects that were once characteristic of Bitcoin. Furthermore, Bitcoin Gold is augmented by the Lightning Network, a solution that facilitates the processing of nearly unlimited transactions per second, exemplifying a "second layer" approach built on the foundational blockchain. These second layers and side chains are crucial for enabling advanced technologies such as smart contracts, which can execute at impressive speeds while being secured by the BTG mainchain. Ultimately, BTG not only enhances the cryptocurrency landscape but also maintains close compatibility with Bitcoin by incorporating features like SegWit and the Lightning Network, all without consuming the same level of hash power or competing for the title of the "true Bitcoin." This innovative approach ensures that BTG remains a valuable player in the evolving crypto ecosystem.

Seele operates on the cutting-edge anti-ASIC MPoW algorithm and employs Seele Sharding Technology, enabling a remarkable throughput of 2000 transactions per second on its main-net, serving as an initial benchmark that is designed to scale further as user demand grows. Additionally, Seele fully supports EVM-compatible smart contracts. The MPoW (Matrix-Proof-of-Work) consensus mechanism, a pioneering innovation by SeeleTech, is integrated into the Seele main-net. Unlike traditional PoW systems, MPoW requires miners to calculate the determinants of sub-matrices derived from a matrix formed by n hashes, rather than relying solely on brute-force hashing to achieve the target. This multi-step process efficiently mitigates the risk of ASIC and GPU domination, ensuring a more equitable mining environment. As such, the design of Seele not only enhances performance but also promotes decentralization within its network.

Litecoin serves as a decentralized peer-to-peer currency on the Internet, facilitating instant and nearly cost-free transactions globally. It is an open-source payment network that operates independently of any central governing body, relying on mathematical principles to ensure security and give users full control over their finances. Compared to the leading cryptocurrency, Litecoin offers quicker transaction confirmation times and enhanced storage capabilities. Supported by significant industry backing, its trading volume and liquidity make Litecoin a reliable alternative to Bitcoin as a medium of exchange. Additionally, wallet encryption safeguards your assets by requiring a password to access your funds, allowing you to see your transaction history and balance while protecting against malware that could steal your wallet. This added layer of security not only defends against potential threats but also serves as a verification step before finalizing any payments. As a result, Litecoin stands out as a secure and efficient option for digital transactions.

Mina represents the lightest blockchain globally, driven by its community of participants. By leveraging zero knowledge technology, Mina aims to construct a secure and democratic infrastructure that everyone deserves. Developers can create applications on Mina using zkApps, which are smart contracts enhanced by zero knowledge principles. A Typescript-based SDK will be rolled out shortly. In today's digital landscape, individuals often have to relinquish their data to centralized organizations to engage fully. However, Mina's zkApps empower users to maintain control over their privacy, allowing them to validate and share evidence of their data without exposing the data itself. For instance, you could secure a loan by merely providing proof of your identity and credit score, eliminating the need to share sensitive information. This approach significantly reduces the risk of personal data breaches or unauthorized sales, ensuring that you remain the sole owner of your information, which never leaves your device. By transforming the way we handle data, Mina paves the way for a more trustworthy and user-centric digital future.

Bitcoin Cash stands as the most resilient form of currency, fulfilling Bitcoin's initial vision as a "User-to-User Electronic Money." With its minimal fees and dependable, irreversible transactions, it provides significant advantages for both merchants and consumers. The potential for unlimited growth, along with decentralized innovation and worldwide acceptance, paints a promising outlook for its future. Everyone is invited to become part of the Bitcoin Cash community, participating in the evolution of sound money accessible to all. With Bitcoin Cash, transferring funds to anyone, at any location, is possible around the clock, every day of the year. The network operates continuously, akin to the Internet, ensuring that no transaction is limited by size and no permissions are necessary. In contrast, traditional banks may restrict your transactions, impose fees, or unexpectedly close your account, highlighting the distinct advantages of Bitcoin Cash. Additionally, its robust framework fosters an inclusive financial environment, encouraging users to explore the limitless possibilities of this innovative currency.

Purchasing or receiving Dash online is a straightforward process, whether through friends or ATMs conveniently located nearby. You can use Dash to grab a coffee, buy a plane ticket, or settle your phone bill with ease. Its popularity is on the rise as more businesses begin to accept it each day. With Dash, you can enjoy cryptocurrency transactions that offer an improved user experience, complete with social elements like usernames, contacts, and personalized features. Since Dash follows the same transaction protocols as Bitcoin, it can be treated similarly for regulatory and compliance considerations. Services from KYC/AML providers like BlockchainIntel and Coinfirm support the Dash blockchain, ensuring safety and compliance. Integrating Dash into your financial activities is seamless, allowing you full control over your funds. You can easily convert Dash into your local currency in real-time, hold onto all of it, or opt for a mix of both to suit your needs. The flexibility and accessibility of Dash make it an appealing choice for both new and experienced cryptocurrency users alike.

Whether you're a blockchain aficionado, an independent coder, or part of a large enterprise team, ARK has the blockchain solutions tailored for your needs. The ARK Public Network (APN) serves as the official platform for the native ARK cryptocurrency. Integrated with the ARK Blockchain Platform, the APN offers a variety of projects, products, and swapping services, equipping blockchain developers with top-notch tools for their success. As a fully open-source initiative, ARK encourages contributions from anyone interested, allowing you to earn bounties for your efforts while becoming part of a vibrant developer community. The modular architecture of the ARK Blockchain Framework enables you to tailor your chain according to the specific requirements of your application. Additionally, ARK Logic empowers you to design custom Smart Transactions, facilitating the integration of native Smart Contract capabilities into your application effortlessly. This flexibility and community engagement make ARK a strong contender in the blockchain space.

Persistence is a Layer-1 network built on the Tendermint/Cosmos framework, designed to support a variety of decentralized finance (DeFi) products with the goal of making liquid-staked assets the standard for the proof-of-stake (PoS) economy. This protocol is characterized by its interoperability, allowing developers to create applications that can be independent, modular, or constructed on Persistence's CosmWasm layer. Within the Persistence ecosystem, users can develop App-chains that maintain interoperability with the broader Cosmos/IBC ecosystem, facilitating the routing of IBC assets through the Persistence Core-1 chain. Furthermore, developers have the flexibility to create Modular Apps directly atop the Core-1 chain, utilizing elements of the Persistence architecture as easily integrated interfaces. Additionally, the integration of CosmWasm enables the creation of high-performance Smart Contract Apps on the Persistence chain, allowing for seamless upgrades and enhancements over time. This innovative approach positions Persistence as a crucial player in the evolving landscape of decentralized finance.

The CLV Chain is a unique Layer 1 blockchain built on Substrate, designed to be fully compatible with EVM and capable of cross-chain interactions. It provides a robust infrastructure that supports the expansion of decentralized applications within the evolving multi-chain ecosystem. CLV facilitates efficient multi-chain indexing, enabling seamless access to data across major networks like Bitcoin, Ethereum, Binance Smart Chain, and Polkadot. Within this unified platform, users can effortlessly search for blocks, transactions, and accounts, enhancing their overall experience. To promote growth among dApp developers, CLV rewards them by distributing a portion of transaction fees, thereby cultivating a thriving community and driving innovation within the DeFi space on both Sakura and CLV. Additionally, CLV introduces a Dynamic Fee Schedule, an innovative gas calculation mechanism that offers users discounts on gas fees based on their activity levels—those who engage less are charged more, while frequent users benefit from reduced costs over time, encouraging consistent participation and engagement. This system not only incentivizes developers but also enhances user experience, contributing to a more active and interconnected blockchain environment.

Coreum is a third-generation blockchain designed as a foundational framework for upcoming decentralized applications. It boasts an impressive capacity to handle as many as 7,000 transactions each second, thanks to a dynamic system involving 16 rotating validators, making it the quickest blockchain available today. Leveraging the tried-and-true Tendermint Consensus Engine in conjunction with the Cosmos SDK, Coreum provides a low-latency proof-of-stake environment. Developers have the flexibility to create applications in numerous programming languages, which can then be transformed into the contemporary Turing-complete Web Assembly (WASM) format prior to execution. In a landscape filled with hundreds of blockchains, Coreum enhances interoperability by incorporating bridge functionality, allowing for seamless interaction with different chains through collateralized wrapping. This innovative approach not only improves connectivity but also fosters a more cohesive ecosystem among various blockchain networks.

Gnosis Chain stands out as one of the pioneering sidechains of Ethereum and has consistently upheld its foundational principles. With the ability for contributors from all corners of the world to effortlessly operate a node, it boasts a robust security framework supported by over 120,000 validators. The varied composition of its validator network, coupled with community-driven governance, guarantees that Gnosis Chain retains its commitment to credible neutrality while operating at a significantly lower cost compared to the main Ethereum network. As an EVM-compatible platform, it is fortified by home-based stakers globally, catering to the needs of its users. Furthermore, Gnosis Chain provides familiar tools and is on the verge of launching trustless bridges to the mainnet, enhancing its utility and accessibility. This positions Gnosis Chain as an attractive option for developers and users alike in the blockchain ecosystem.