Best Layer 1 Protocols for CoinSpot

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.

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.

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.

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.

Obyte is a distributed ledger that uses the directed acyclic diagram (DAG) as its basis. Access to the Obyte ledger, unlike centralized ledgers or blockchains, is decentralized, open, free, disintermediated, equal, and free of charge (as in freedom), unlike centralized ledgers or blockchains. Bonded Stablecoins allows you to create stablecoins that are pegged to USD and BTC or to issue new stablecoins that are pegged to any other asset, or index. You can earn interest by holding Stable+ coins, which programmatically increase in value. 16% p.a. USD Governance tokens, whose value increases with the issuance of more stable+ coins. To trade tokens on Obyte, use ODEX decentralized exchange and Oswap automated marketplace maker. ODEX uses offchain order matching and is just as fast as a central exchange. Oswap is a way to earn fees and liquidity from every trade. Obyte allows you the ability to make conditional payments, something that traditional currencies don't allow. When the money is received by the payee, you set a condition.