Best Layer 1 Protocols for Finoa

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.

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.

Security-focused. Upgradable. Built to last. Tezos is an open source platform for assets and applications that is supported by a global network of validators, researchers, builders, and other developers. Tezos addresses the key barriers to blockchain adoption: smart contract safety, long term upgradability, open participation, and long-term upgradability. Tezos is designed for high-value assets and other use cases. Its native smart contract language Michelson facilitates formal verification. This is a common method used in mission-critical environments like the aerospace, nuclear and semiconductor industries. Tezos' modular architecture allows the network to quickly adopt and propose new technological innovations as they arise. These features, along with Tezos' online invoicing mechanism, allow the protocol to stay at the forefront of technology for many years to come -- without compromising community consensus.