Best Layer 1 Protocols for Kaspa

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.

Spend it, save or give it to a friend. Zcash shielded transactions, unlike other forms of payment keep your financial information private and under your control. Zcash can be used to pay family members, friends, and service providers. You can also use Zcash in your favorite online stores and merchants. Zcash was the first to implement zk–SNARKs, a new form of zero-knowledge cryptography that provides its users with the most privacy possible in digital currencies. Zcash can also be purchased on any number exchanges. Gemini is simple to use and offers privacy options that other exchanges don't offer. There are many other trusted exchanges that can be used if Gemini is not available in your country.

Litecoin, a peer to peer Internet currency, allows instant, almost-zero-cost payments to anyone around the globe. Litecoin, a global open-source payment network, is completely decentralized and does not have any central authorities. Mathematical security ensures that the network is secure and allows individuals to manage their finances. Litecoin has a faster transaction confirmation time and better storage efficiency than any other math-based currency. Litecoin, which has substantial industry support, trade volume, and liquidity, is a solid medium of commerce that complements Bitcoin. Wallet encryption lets you secure your wallet so you can view transactions and balance. However, you will need to enter your password to spend litecoins. This protects you from trojans and wallet-stealing viruses, and also allows you to perform a sanity test before sending payments.

Bitcoin Cash is the most powerful money ever. It fulfills Bitcoin's original promise of "User to User Electronic Money". Merchants and users are both empowered by low commissions and the ability to make irreversible and reliable transactions. The future looks bright with unrestricted growth, decentralized development and global adoption. All are welcome to join Bitcoin Cash and help advance the development of sound money. Bitcoin Cash allows you to send money to anyone anywhere, anytime, any day of the year. The network is always available, just like the Internet. There is no limit to the size of transactions and you don't need approval or permission from anyone. Banks can also block transactions and charge fees without notice.