Best Layer 1 Protocols for HashKey Me

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.

Conflux allows creators, communities, markets, and governments to connect across borders. Our Tree-Graph consensus algorithm is a breakthrough that uses parallel processing of transactions and blocks to reduce confirmation times and increase TPS. Conflux uses a well-tested PoW consensus to increase security and protect against reentrance attacks at the protocol level. ShuttleFlow, a lightweight cross-chain asset bridge built on Conflux, allows for seamless asset transfers between multiple protocols. Users with zero wallet balance can still use blockchain with our Fee Sponsorship Mechanism. To help with user onboarding, sponsors pay a portion of or all of the transaction fees for another user. Innovative DeFi apps can be built on top of the staking interest. Current staking interest in stowed tokens is 4% annually. This is due to the additional issuance.

The first trading chain in the world, a decentralized and borderless blockchain-based ecosystem to exchange value. OKT Chain is a public permissionless chain that no one controls. Anyone can create applications and projects from anywhere on the planet. OKX does not control or endorse any projects on OKT Chain. Blockchain's decentralized nature may pose risks. Be responsible for your financial choices and research projects thoroughly. Before interacting in any way with OKT Chain, it is important to research and understand the project. All developers and users have free access to both the main and test networks. Separate the OKC main network from the testnet. All assets on the Testnet are worthless. Never share your private keys. Before authorizing third-party projects, make sure they are secure. We support MetaX MetaMask imToken TokenPocket TokenPocket, TokenPocket, and other wallets.