Best Layer 1 Protocols for Celer Network

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.

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.

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.

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.