Best Layer 1 Protocols for Binance

Bitcoin is a revolutionary payment network and a new type of money. Bitcoin operates with peer-to-peer technology. There is no central authority or bank involved in managing transactions and issuing bitcoins. Bitcoin is open-source. Its design is publicly available. Nobody owns or controls Bitcoin. Everyone can participate. Bitcoin's unique properties allow for new uses that are not possible with any other payment system. Bitcoin transactions are protected by energy and mathematics. Cryptographic signatures stop other people spending your money. Proof of work (PoW), which is energy that is spent on proof of work, prevents others from undoing, changing or losing your transactions. Bitcoin can help you keep your money safe and protect you from fraud.

Highly decentralized blockchain platform for development. Designed to allow Microsoft developers to create blockchain solutions in a language that they are familiar with. Stratis provides a feature-rich ecosystem with tooling and Software-Development-Kits that allow solutions to be built with confidence and assurance thanks to the mature underlying framework. The Stratis Platform is a decentralized platform that is highly secure, energy-efficient, and highly secure. Stratis' architecture is based on Bitcoin, the most secure blockchain ever created. Stratis' implementation of Proof-of-Stake results in a low carbon footprint due to its energy-efficient block production. The Stratis Platform offers a rich toolkit that makes it easier for developers to learn blockchain concepts. It also includes code examples and reference implementations.

Ethereum is the community-run technology that powers the cryptocurrency, Ethereum (ETH), and thousands of decentralized apps. Ethereum is a technology that allows for digital money, global payments, as well as applications. The community has created a vibrant digital economy, new ways for creators of online income, and many other benefits. It's accessible to anyone, anywhere in the world. All you need is the internet. Today, billions cannot open bank accounts and others have their payments blocked. The Ethereum decentralized finance system (DeFi), never sleeps nor discriminates. You can send, receive and borrow money anywhere in the world with an internet connection. We can now access 'free' internet services without having to give up our personal data. Ethereum services are available by default. You only need a wallet. These services are free and easy-to-set up. They can be controlled by you and work without your personal information. Stake your ETH to become an Ethereum validator. Staking is a public good for the Ethereum ecosystem. You can help secure the network and earn rewards in the process.

Polkadot, a blockchain network, is being built to enable Web3.0. This will allow users to control their data and ensure that markets benefit from network efficiency. Gavin Wood, a former co-founder and CTO at Ethereum, founded Polkadot in 2016. Polkadot's technology solves the major problems that have hindered blockchain adoption over the past few years. Parity Technologies created Polkadot's Substrate software development toolkit that allows blockchain developers to create their own custom, fit for use blockchains. Polkadot allows multiple blockchains to communicate with each other, allows for easy upgrades, and introduces "shared Security", a plug and play network security model that allows developers focus on the technology instead of spending time and resources recruiting operators to run a new Blockchain.

Flow is a new Blockchain designed for the next generation apps, games, as well as the digital assets that support them. Flow was built from the ground up to provide a foundation for internet-scale applications and protocols that require exceptional user experience. Flow was created by the CryptoKitties team and stress-tested with top international partners. It is now open to everyone to use and contribute to. It has been tested in production and is ready to help you create the applications people want. This simple feature will make a big difference in software quality and speed of development. A new programming language that is easy to learn and designed for digital apps and digital assets. Transparently and securely fix bugs and upgrade pre-specified components of a smart contract. Flow is fast and responsive, enabling global finality in seconds.

Bitcoin Diamond is the internet’s native currency. It has lower transaction fees than any credit cards, better exchange rates that any government-backed currency, faster transaction confirmations, and lower transaction fees than any other digital payment method. Bitcoin Diamond is a worldwide currency that you can use for purchasing products from any country and having them delivered to your home, anywhere in the globe. It costs less than one penny per transaction, and there is no currency exchange required. It can be difficult to protect your money against theft and inflation with traditional government-backed currency. Bitcoin Diamond is a fork from the Bitcoin blockchain, which is the most popular and secure cryptocurrency. Bitcoin Diamond is a fiat currency that has a limited supply. This helps to keep inflation under control. It is based upon a decentralized blockchain, which keeps inflation under control. It can be accessed from any location. Each transaction is verified by multiple computers around world.

Ravencoin is a protocol that is based on a fork in Bitcoin code. It adds features that allow tokens to be issued on Ravencoin blockchain. These tokens can have any properties that the issuer of the token determines. They can be issued as securities, collectibles, or limited quantities. Ravencoin is a peer-to-peer digital network that aims at implementing a specific use case blockchain. It is designed to efficiently handle one function: the transfer assets from one party. Ravencoin, a fork from the Bitcoin code, was launched January 3, 2018, and is an open source project (no masternodes or ICO). It is focused on creating a useful technology with a strong, growing community.

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.

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

Waves is a community-based open-source stack of decentralized technologies that allows you to create scalable and user-friendly apps. Waves includes everything you need to launch a successful Blockchain game. The algorithmic price-stable assetsization protocol allows the creation of stablecoins that are tied to specific real-world assets such as commodities or national currencies. Waves is an open-source global platform for decentralized applications. Waves is based on proof-ofstake consensus and aims to make the most out of blockchain with a low carbon footprint. Waves technology stack is able to benefit from any use case that requires security and decentralization, open financial, personal identification and gaming, sensitive data, and many other. Waves technology is supported by Waves Association, a Berlin-based non profit organization that supports Waves research, education and grants Waves stack-based projects.

Binance and its community have developed Beacon Chain, a blockchain that implements a vision for a decentralized exchange (DEX), for digital assets. Beacon Chain's core is a highly efficient matching engine built on distributed consensus. It aims to replicate current centralized exchanges' trading efficiency of 1 second. According to a fee schedule, Beacon Chain transactions cost BNB (the native token in Binance ecosystem). Beacon Chain also includes efforts for listing assets from other chains and cryptographic primitives like threshold signatures.

IOST is a secure, fast, and scalable blockchain network that uses the next-generation consensus algorithm, Proof of Believability (PoB). Our mission is to serve as the underlying architecture for online services that meet security and scaleability requirements of a decentralized economy. We are backed by top investors and led by seasoned experts. Due to the high fees and slower transaction times on Ethereum, there has been room for new solutions. IOST is the pioneering project that has gained traction for its revolutionary technology since its main net launch in 2018. According to the latest ranking by China's Center for Information and Industry Development, IOST's core technology, a decentralized, high-throughput blockchain, outperforms 37 of its high-profile rivals, EOS and Ethereum by more than 5x. You can build any application using IOST with a 0.5 block time and 8,000 TPS without worrying about the speed.

aelf is the most secure and advanced blockchain cloud infrastructure, with segregate, unlimitedly scaling cloud computing networks. This is leading to a decentralized future. Innovative cross-chain interoperability, multi-level main-side chain structure; unlimited scaling, leading to Blockchain 3.0 era with its unique cross-chain technology. This public beta testnet allows you to test the core functions of the Aelf main network, node construction and election, mining rewards and sidechain configuration, crosschain interaction, DApp deployment and more. The complete suite of application development tools to support the underlying decentralized blockchain layers. Aelf community members are involved in building the aelf ecosystem and achieving progressive development through various governance methods like the aelf DAO (Decentralized Asset Owner), Node Election, Resource Purchase, Proposals, and Proposals.

Dusk Network is a technology that allows for securities. A secure, open-source, and secure blockchain (DLT), infrastructure that businesses can use to tokenize financial instruments or automate expensive processes. A distributed Financial Market Infrastructure should allow for the final settlement of transactions. The settlement of transactions should also be instantaneous or very close to it (15s). These requirements are not met by the popular proof-of work consensus mechanism used in Bitcoin and Ethereum. We created a more efficient consensus called the Succinct Agreement, which allows instant settlement of transactions in under 15 seconds. Organizations use the dusk network to issue tokens that can be governed by smart contracts that protect privacy. You can harness the power of DLT while adhering to confidentiality agreements and data protection legislation.

The easiest way to get started with DeFi. Umee is a layer 1 blockchain for cross-chain communication. It was built on the Cosmos SDK, powered by Tendermint Consensus, and includes a self-sovereign validater network. Inter-Blockchain Communication protocol, Gravity bridge, as well as decentralized infrastructure are used to achieve interoperability. This is a way to create a universal cross-chain DeFi hub. A DeFi platform that integrates with money legos allows for open finance innovation, including cross-chain staking and interchain leverage. Umee can be used as a base blockchain to build applications and money lego primitives. This will allow you to access liquidity and cross-chain leverage.

Solana is a fast and secure blockchain that can withstand censorship. It provides the open infrastructure necessary for global adoption. Solana is the platform that has been chosen by the best projects in DeFi, Web3 and blockchain gaming to be built on for the long-term. Solana can process 50k transactions every second. We don't think so. To experience Solana's speed, stress test the network. Say goodbye to slow confirmations and high fees. Solana is designed for speed without compromises. Solana uses Proof of History and other innovative innovations to scale the network at Moore's Law speed. Don't worry about fees rising as your user base increases. Solana is designed for applications that have billions of users to keep fees low. Solana's single global status ensures that projects can be connected. Never deal with multiple layers 2 or shards.

Cardano is a platform for innovators, changemakers, and visionaries. It provides the tools and technologies needed to create opportunity for all and bring about positive global changes. Cardano is a proof of stake blockchain platform. It was founded on peer-reviewed research, and developed using evidence-based methods. It uses cutting-edge technologies to provide unprecedented security and sustainability for decentralized applications, systems, as well as societies. Cardano is a team of leading engineers that works together to redistribute power away from unaccountable structures to individuals and to be an enabling force for progress and positive change. Cardano restores trust in global systems by using science to create a more secure, transparent and sustainable foundation for individuals to transact, exchange, systems to govern, as well as enterprises to grow.

Harmony is a fast and open blockchain. Our mainnet runs Ethereum applications at a speed of two seconds and with 100 times lower fees. Harmony's secure bridges allow cross-chain asset transfers between Ethereum, Binance, and other chains. Harmony is a platform that allows creators to connect with the community. Harmony's bridges are able to connect any Proof of Work and Proof of Stake chains. FlyClient architecture is completely trustless and extremely gas-efficient. Our bridges for Ethereum or Binance Smart Chain currently secure tens to millions of cross-chain assets. Developers can simply change the Chain ID to enjoy faster executions of EVMs identical at bytecode level. They can easily migrate to Harmony using their familiar Web3 tooling. What about users? Users can use MetaMask and Ledger as usual, but they will now only have to pay minimal fees. Any Ethereum portal or wallet can work on Harmony without any code modifications or new installs.

Zilliqa leverages on its silicon-smooth, cost-effective, and speedy blockchain platform to transform digital infrastructure in all global communities. We are committed to providing a secure and scalable platform for developers and businesses who want to create decentralized applications. The unique application of sharding enables the blockchain to scale linearly. This allows Zilliqa to scale to meet the growing needs of an ecosystem of miners, applications, and users. Scilla, the first smart contract language that has been peer reviewed and is safe-by-design, powers Zilliqa. It is more friendly to formal verification and static checks by using functional programming design principles (as with OCaml). The ecological footprint of mining has been greatly reduced by Zilliqa's consensus mechanism. Mining ZIL takes only 1 minute of every 2-3 hours. This allows one to simultaneously mine other chains.

Bitcoin Cash is the most powerful money ever. It fulfills Bitcoin's original promise of "User to User Electronic Money". Merchants and users are both empowered by low commissions and the ability to make irreversible and reliable transactions. The future looks bright with unrestricted growth, decentralized development and global adoption. All are welcome to join Bitcoin Cash and help advance the development of sound money. Bitcoin Cash allows you to send money to anyone anywhere, anytime, any day of the year. The network is always available, just like the Internet. There is no limit to the size of transactions and you don't need approval or permission from anyone. Banks can also block transactions and charge fees without notice.