Best Layer 1 Protocols for HTX

NEAR is an innovative open-source platform that streamlines the creation of decentralized applications, serving as the quickest route for builders to enter the market. It is dedicated to developing tools that foster community-driven advancements for individuals globally. Developed by Near Inc, NEAR aims to introduce blockchain technology across a wide array of mainstream applications. By prioritizing both the developer and end-user experience, NEAR provides a high-performance infrastructure that is accessible to everyone. This decentralized application platform is designed with security in mind, capable of handling valuable assets such as money and identity, while also ensuring usability for daily interactions, thus empowering users with the potential of the Open Web. The NEAR token economy is centered around the NEAR token itself, which not only serves as a unit of value within the platform but also allows holders to engage with applications, partake in governance decisions, and earn rewards through staking. Ultimately, NEAR is transforming how people interact with blockchain technology by marrying high performance with robust security.

Bitcoin Diamond serves as the internet's native currency, offering transaction fees that are lower than those of any credit card, superior exchange rates compared to government-backed currencies, and quicker confirmations than other digital payment methods. This global currency allows users to buy products from any nation and have them conveniently delivered to their homes, all for a transaction cost of less than a penny, with no need for currency conversion. In contrast to traditional government-backed currencies, which can expose your finances to risks like theft and inflation, Bitcoin Diamond provides a safer alternative. As a fork of the Bitcoin blockchain, it stands out as the most widely utilized and secure cryptocurrency available. Its limited supply is designed to mitigate inflation, ensuring that value remains stable over time. Operating on a decentralized blockchain, Bitcoin Diamond is accessible from virtually anywhere, and its transactions receive validation from numerous computers across the globe, enhancing security and trust in the network. This innovative currency paves the way for a more efficient and reliable financial future.

We are a pioneering technology firm that has created the first open, permissionless blockchain protocol based on pure proof-of-stake, offering the essential elements of security, scalability, and decentralization required for modern financial systems without the need for forking. Our award-winning team supports both traditional and decentralized finance sectors in their journey toward frictionless financial solutions. Our advanced technological framework lays the groundwork for complex applications, and our robust smart contract capabilities facilitate decentralized finance (DeFi) solutions and decentralized applications (dApps) that can accommodate billions of users and handle tens of millions of transactions daily at minimal costs. The Algorand Standard Assets allow for customizable blockchain assets directly on Layer-1, ensuring safe transfers and instantaneous transaction settlements for multi-party interactions. This innovative approach empowers enterprises to fully engage with decentralized finance, significantly transforming the financial landscape. By bridging the gap between traditional finance and blockchain technology, we are ushering in a new era of financial accessibility and efficiency.

Flow represents an innovative blockchain framework tailored for the upcoming wave of applications, games, and the digital assets that fuel them. Engineered with a focus on seamless user experience, Flow serves as a robust foundation for internet-scale protocols and applications. Originating from the creators of CryptoKitties, Flow has undergone rigorous testing alongside leading global partners and is currently available for anyone interested in contributing and reaping its benefits. It has proven its resilience in real-world usage and is prepared to support the development of applications that meet user demand. This framework introduces a straightforward feature that enhances both software quality and development efficiency. Additionally, Flow incorporates a user-friendly programming language specifically designed for decentralized applications and digital assets. It enables secure and transparent bug fixes and allows for the upgrading of designated portions of smart contracts. Built for speed and efficiency, Flow ensures global finality is achieved in mere seconds, making it a compelling choice for developers. The potential of Flow to reshape the digital landscape is immense, inviting innovators to explore its capabilities.

Waves represents a community-focused collection of decentralized, open-source technologies designed to facilitate the creation of scalable and user-centric applications. Offering a comprehensive framework for launching successful blockchain games, Waves features an algorithmic price-stable assetization protocol that allows for the development of stablecoins linked to various real-world assets, including national currencies and commodities. As a global open-source platform dedicated to decentralized applications, Waves employs a proof-of-stake consensus mechanism aimed at maximizing blockchain advantages while maintaining a low carbon footprint. The technology stack of Waves is applicable across a wide array of scenarios that require robust security and decentralization, such as open finance, personal identification, gaming, and the handling of sensitive data, among others. Additionally, the Waves Association, a non-profit organization based in Berlin, actively supports the advancement of Waves technologies by promoting research, education, and offering grants to projects utilizing the Waves stack, thus contributing to the ecosystem's growth and sustainability. This collaborative environment enhances the potential for innovation and encourages developers to explore diverse applications within the blockchain space.

IOST is a cutting-edge blockchain network that offers exceptional speed, scalability, and security, utilizing an innovative consensus mechanism known as “Proof of Believability” (PoB). Our accomplished team of professionals, supported by leading investors, aims to serve as the foundational framework for online platforms that fulfill the demands of security and scalability within a decentralized economy. The high transaction fees and sluggish processing times associated with the Ethereum network have created opportunities for novel solutions, positioning IOST as a trailblazer with its advanced and transformative technology since the launch of its mainnet in 2019. The core technology of IOST—a decentralized blockchain capable of high throughput—outperforms 37 prominent competitors, including EOS and Ethereum, by over five times, based on recent assessments from China's Center for Information and Industry Development. With an impressive block time of 0.5 seconds and the ability to handle 8,000 transactions per second, developers can create applications on IOST without worrying about performance limitations. This remarkable capability not only enhances user experience but also broadens the scope for innovative applications in the blockchain space.

Solana is an exceptionally rapid, secure, and censorship-resistant blockchain that offers the essential infrastructure for widespread global adoption. Leading projects in DeFi, Web3, and blockchain gaming opt to develop on Solana with a focus on long-term sustainability. Capable of handling an impressive 50,000 transactions per second, Solana sets itself apart in the blockchain space. Don’t just take our word for it—put the network to the test and witness its remarkable speed firsthand. Say farewell to exorbitant fees and sluggish transaction confirmations, as Solana is purpose-built for high velocity without compromising quality. Utilizing Proof of History alongside other innovative technologies, Solana scales in accordance with Moore's Law. There’s no need to fret about increasing costs as your user base expands; Solana maintains low fees even for applications serving billions. Its unified global state promotes seamless composability between different projects, eliminating the complexity associated with multiple shards or layer 2 solutions. With Solana, developers can focus solely on innovation, unhindered by the limitations of traditional blockchain architectures.

At Zilliqa, we harness our efficient, rapid, and cost-effective blockchain technology to revolutionize digital infrastructure for communities and industries around the globe. Our dedication lies in providing a scalable and secure platform tailored for developers and businesses aiming to create decentralized applications. The innovative use of sharding enables our blockchain to expand in a linear manner, which guarantees that the Zilliqa platform can adapt to the demands of an ever-growing ecosystem of miners and applications. Furthermore, Zilliqa is driven by Scilla, the first peer-reviewed smart contract language designed with safety in mind. By employing functional programming principles reminiscent of OCaml, Scilla enhances its compatibility with static checks and formal verification processes. Additionally, Zilliqa's consensus mechanism significantly minimizes the environmental impact of mining, as it requires only 1 minute of mining every 2-3 hours, thus allowing dual-mining with other blockchain networks simultaneously. This efficient approach not only fosters sustainability but also promotes increased participation from a diverse range of users.

Cardano is a revolutionary blockchain platform designed for changemakers, innovators, and visionaries, equipped with the necessary tools and technologies to foster opportunities for both individuals and communities while driving global transformation. As the first proof-of-stake blockchain, Cardano is built upon rigorous peer-reviewed research and employs evidence-based strategies for its development. This innovative platform combines advanced technologies to deliver unmatched security and sustainability for decentralized applications, systems, and societies alike. Led by a distinguished team of engineers, Cardano aims to empower individuals by transferring power away from unaccountable institutions and creating pathways for meaningful change and advancement. Additionally, Cardano seeks to rebuild trust in global systems by establishing a more secure, transparent, and sustainable framework for transactions, governance, and the growth of enterprises. Ultimately, Cardano represents a commitment to harnessing scientific principles for the betterment of society, ensuring that progress benefits everyone involved.

Harmony is a fast and open blockchain. Our mainnet runs Ethereum applications at a speed of two seconds and with 100 times lower fees. Harmony's secure bridges allow cross-chain asset transfers between Ethereum, Binance, and other chains. Harmony is a platform that allows creators to connect with the community. Harmony's bridges are able to connect any Proof of Work and Proof of Stake chains. FlyClient architecture is completely trustless and extremely gas-efficient. Our bridges for Ethereum or Binance Smart Chain currently secure tens to millions of cross-chain assets. Developers can simply change the Chain ID to enjoy faster executions of EVMs identical at bytecode level. They can easily migrate to Harmony using their familiar Web3 tooling. What about users? Users can use MetaMask and Ledger as usual, but they will now only have to pay minimal fees. Any Ethereum portal or wallet can work on Harmony without any code modifications or new installs.