Best Layer 1 Protocols for Bitfinex

MultiversX (formerly Elrond), is a highly scalable and secure decentralized blockchain network that was created to allow radically new applications for users, businesses and society. Scale across the Multiverse. Create new apps, new economies and new worlds. Core blockchain applications and the Sovereign Blockchain module. It can be deployed in minutes. Fully customizable. It includes a wide range of features and uses cases that can be used by any creative brand or company. The portal to the Metaverse. Your avatar's home. Finance everything A debit card. Chat, social and friends. Accessible to anyone, from anywhere in the world. A world creation engine. A network of interoperable Metaverses. This is the very first Metaverse planet in this new world.

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

Only decentralized network that allows you to build quickly, rewards everyone who makes it better and scales without friction. A DeFi programming environment specifically designed to enable secure and fast development. A system of on-ledger royalty payments that will be paid to those who contribute dApp code. A consensus algorithm that will allow for unlimited scaling without compromising DeFi composability. Radix is the only network that allows developers to quickly build without being constantly threatened by exploits and hacks. Every improvement will be rewarded and scale will not be a problem. Radix is creating an open platform that allows for the safe and secure development of all DeFi applications. Radix's network is dependent on stakeholder participation. The network will be more secure if there is more value staked.

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.

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.