Best Layer 1 Protocols for Koinly

DAppChain, TRON's sidechain project, is called DAppChain. DApps can now operate on TRON with lower energy consumption and faster speeds. This will allow for unlimited capacity for TRON’s main network. TRON's TPS has been improved to enable high throughput. It has now surpassed Ethereum and Bitcoin in daily use. Because of its scalability, smart contract effectiveness and high efficiency, TRON offers a wider range of applications. It can support large numbers of users. A better rewards distribution mechanism is available in exchange for a more reliable network structure, intrinsic value, user asset, and higher degree of decentralization consensus. Poloniex's decentralized trading platform, formerly known under TRON's largest trading platform TRXMarket and ranked for many years among the Top 5 in TRON’s DApp ecosystem in terms trading volume.

MultiversX (formerly Elrond), is a highly scalable and secure decentralized blockchain network that was created to allow radically new applications for users, businesses and society. Scale across the Multiverse. Create new apps, new economies and new worlds. Core blockchain applications and the Sovereign Blockchain module. It can be deployed in minutes. Fully customizable. It includes a wide range of features and uses cases that can be used by any creative brand or company. The portal to the Metaverse. Your avatar's home. Finance everything A debit card. Chat, social and friends. Accessible to anyone, from anywhere in the world. A world creation engine. A network of interoperable Metaverses. This is the very first Metaverse planet in this new world.

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.

Stellar empowers builders to unlock human and economic potential. It combines a powerful, decentralized blockchain network with a global ecosystem of innovators to create opportunities as borderless as ideas. It offers the tools to make a difference in the real world through new digital asset products and services that enhance access to the global financial system.

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.

Your next generation entertainment and video blockchain. The Theta blockchain provides both technical and financial solutions for decentralized video streaming and delivery. It is the only blockchain that can provide both technical and economic solutions. This is one of the most exciting blockchain ventures I have ever heard about. Decentralized peer-to-peer video delivery. A native blockchain. Powered by users. Viewers are now rewarded for sharing bandwidth and other resources. A peer-to-peer network that is decentralized delivers streams globally efficiently. Video platforms don't need to build expensive infrastructure. This allows for more innovation and new business models. All developers and partners are welcome to use the Theta network. Video platforms and content providers have the ability to create specialized Dapps for their audiences. Esports, music and movies, as well as distance learning and peer-to-peer live streaming, are all possible. The next generation of entertainment is possible.

Kava is a DeFi platform that allows for decentralized lending and stablecoins that are compatible with major cryptocurrencies. It has a cross-chain that provides stablecoins and guaranteed loans to users of major crypto assets like BTC, XRP, BNB, ATOM, and XRP. In exchange for USDX (Kava's stablecoin), users can guarantee their cryptocurrencies. The platform offers two types of tokens: the USDX stablecoin and the KAVA coin. KAVA, the native token of blockchain, is comprehensive in security, governance, mechanical functions, and can be found on the platform.

Celo is an open platform that makes financial services accessible to anyone with a smartphone. Mobile-friendly global payments infrastructure. Celo is an open-source platform that allows anyone to create borderless applications. It has been developed by thousands of individuals and organizations. Full node incentives and hyper-efficient light clients allow for scaling to 6 billion smartphones. Easy to use EVM compatibility makes it easy to get started. A growing family of native stablecoins like Celo Dollars that follow the value fiat currencies. You can pay transaction fees using stablecoins, or your own tokens. With Celo's decentralized phone verification protocol users can send currency to any mobile number and have access to a growing global cash-in-cash-out network. Celo's developer tools allow you to explore, build, and ship new ideas for your community.

BNB Smart Chain is a blockchain-based platform developed by Binance. It was designed to allow decentralized applications (dApps), and smart contracts. It is a parallel chain that operates alongside Binance Chain. It combines high-speed transactions and the programmability provided by Ethereum-compatible smart contract. BSC uses a Proof-of-Staked-Authority (PoSA) consensus mechanism, which enhances scalability and efficiency while reducing transaction costs. It is compatible with Ethereum Virtual Machine (EVM), which allows developers to easily port projects and dApps from Ethereum. BSC is a popular platform for Decentralized Finance (DeFi), Gaming, and NFT ecosystems. It offers users a fast and low-cost platform for blockchain-based innovation.

For blockchain developers who want rapid progress, unprecedented interoperability is available and scalability is possible. Substrate was used to build the project. It has a similar codebase and multichain infrastructure to Polkadot's cousin Kusama. Technology and society have become so interdependent that large entities are able to overstep their authority and stretch their boundaries. Kusama was created as a risk-taking network for Polkadot. It's a platform that allows change agents to take control, incite innovation, and disrupt the status quo. You can ship your product quickly if you move fast. Kusama's willingness to take risks and agile mentality allow developers to quickly move through the governance and upgrade process. This allows for rapid progress and growth. You can build on a next-generation multichain network that is sharded and uses the most recent features before they are available on Polkadot.

The public blockchain, which derives its value through activities created by members of the ecosystem to solve real world economic problems. BlockRef and Expiration transaction fields allow users to set the time at which transactions are processed or expired, if they are not included in a block. Flexible transaction fee delegation schemes (Multiparty Payment and Designated gas Payer) allow for a freemium model within an application that allows users to be onboarded without any friction. Multi-function atomic transactions enable developers to batch pay, add multiple calls from different contract functions to one transaction, and determine their order. To ensure that the execution order meets business needs, you can set dependencies. Transactions that specify a dependency won't be executed until the transaction is processed.

The Worldwide Asset Exchange™ (WAX), is the world's largest decentralized entertainment and video game network. We offer the most convenient and secure way to create, buy and sell virtual items (NFTs), to anyone anywhere in the world. The WAX tokenomic model combines the explosive growth in NFTs and the superior monetization capabilities offered by DeFi. Anyone who participates can earn rewards in the form Ethereum Tokens (ETH), and WAXG Governance Tokens. Global brands trust WAX for NFT sales launches, including deadmau5, Topps and William Shatner. WAX allows you to build dApps, games and marketplaces. The WAX Developer Hive provides documentation, quickstarts, code samples, and more. WAX offers many options - you can play a game or sell NFTs on a marketplace. You can also upgrade your dApp.

Arweave, a new storage system, backs data with permanent and sustainable endowments. This allows developers and users to store data forever for the first time. Arweave is a collectively owned hard disk that never forgets. It allows us to keep valuable information, apps and history forever. It preserves history and prevents others from rewriting. The permaweb is a global community-owned web that anyone can participate in or get paid to maintain. It is located on top of the Arweave Network. Although the permaweb appears just like the regular web, all its content, including images and full web apps, can be retrieved quickly and decentralized forever. The permaweb connects people for very long periods of time, just as the first internet connected people across vast distances. No more 404s, stealth edits or web apps that are less quality.

Anchor Protocol allows Terra stablecoin deposits for stable yield. It is powered by block rewards from leading proof-of-stake Blockchains. Terra stablecoins are loved by millions of merchants and users for their instant settlements, low fees, and seamless cross-border trade. Mirror Protocol allows for the creation of fungible assets called "synthetics" that track the prices of real world assets. Mirror synthetics will be used to build smart contracts and bring the world's assets onto the blockchain. You can build smart contracts in Rust or Go, or AssemblyScript. Multiple chains can be used, each connected by the Cosmos IIBC. Use Terra stablecoins, onchain swaps, layer 1 oracles as primitives. Terra's payment services can be accessed by dApp users in a permissive manner. Terra plans to make its stablecoins accessible to every developer on every blockchain. Now available on Ethereum and Solana. More to follow.

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.

ICON is a protocol for blockchain-based decentralized applications. It is an aggregator chain that achieves interoperability. This creates a web of interconnected networks that aggregate all blockchain data into a single layer. We want to create a new world where everyone connects and builds their own communities. That's what ICON will do. Learn more about the ICON Republic, its cryptocurrency, ICX. You can build on one of the fastest-growing decentralized networks in the world. Learn how to launch your idea on ICON. To ensure growth of the ICON ecosystem and your staked ICX, it is important to delegate to P-Reps who add value to it. ICON currently has one of the highest rewards in blockchain staking. Official wallet to manage tokens on ICON Network. Vote and get rewarded easily MyIconWallet, ICON's Wallet that supports ICX and other cryptocurrencies, is called MyIconWallet. Our decentralized network allows independent blockchains of different governances to transact directly with each other without intermediaries.

Decred employs an innovative hybrid proof-of-work/proof-of-stake system that layers security and carefully aligns incentives. This system combines the best of both worlds. However, it is more costly to attack than proof-of work or proof-of stake. Decred's governance systems give its community formal rights to make consensus changes, manage project-level decisions, and grant them formal rights. These systems allow Decred to be flexible, allowing it adapt to the needs of its stakeholders, resist forks, and incorporate new technology over time. Decred continues to fund its treasury by paying 10% of each block reward. It also employs a flexible contractor structure that allows contributors to be compensated for their work. Decred is a self-funded autonomous decentralized organization that is sustainable. You can vote on four new consensus changes using DCRDEX within Decrediton. Upgrade to 1.7 now!

Qtum, an open-source public blockchain platform, leverages the security of UTXO and enables multiple virtual machines including EVM. Qtum is PoS-based and features a Decentralized Governance Protocol, (DGP), which allows specific blockchain settings to change through smart contracts. Qtum's block size can be increased without the necessity of a hard fork. Qtum is a safe, stable, and standardised development environment for smart contract development. It allows business-friendly smart contracts coding, deployment, and execution. Qtum is a decentralized platform that can be used with existing blockchain infrastructure. It is modularized, so new technology can always been added. Qtum supports a wide range of crypto wallets that can be used to meet different user needs. Qtum also offers mature development resources for app and blockchain development.

Dogecoin, an open-source peer to peer digital currency, is favored by Shiba Inus around the world. Dogecoin can only be used if you sync with the blockchain. MultiDoge is a lightweight wallet. It syncs with blockchain by "skimming" the blockchain, allowing for fast sync times. Dogecoin Core is a "full-featured" wallet. It syncs by downloading the app, giving you a reliable Dogecoin wallet. Dogecoin is different from other digital currencies because it has a vibrant community of friendly people just like you. Dogecoin's friendly, playful mascot is "Doge". Dogecoin's mascot, Dogecoin's Shiba Inu, is a Japanese breed dog. A wallet is used to store your Dogecoins on your computer/smartphone. There are many ways to obtain Dogecoin. You can trade for them, buy them, tip them, "mine" them and many other ways to get Dogecoin. They are amazing!

Xchange inFinite (XinFin) is a Delegated Proof of Stake Consensus Network (XDPoS). It enables hybrid relay bridges, instant blocks finality, and interoperability to ISO20022 messaging standards. This makes XinFin's hybrid architecture more developer-friendly. Interoperable blockchain network to facilitate global trade and finance. It enables digitization and tokenization and instant settlements of trade transactions. This increases efficiency and reduces dependence on complex FX infrastructures. Financial institutions have greater flexibility in managing liquidity. Delegated Proof Of Stake (XDPoS), which leverages the power and democracy of stakeholder approval voting, resolves consensus issues in a fair way. XinFin Protocol's (XDC), which is interoperable with legacy systems and other Blockchain platforms, makes it the language of core banking systems as well as ERP systems and SWIFT system.

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.

The People's Network, powered by the Helium Blockchain is a paradigm shift in decentralized wireless infrastructure. You can deploy a simple device at your home or office to provide low-power coverage for millions of devices in your city and earn HNT, a new cryptocurrency. Hotspots collaborate to create a global wireless network and provide proof-of-coverage. Hotspots can be built by many vendors to meet your needs. The People's Network is home to hundreds of companies and thousands upon thousands of developers. It is the largest and fastest growing LoRaWAN network in the world. Many existing solutions, devices, sensors, and gateways can easily be configured to run LongFi, a powerful combination of LoRaWAN, blockchain, and other technologies. For streamlined development, you can use thousands of existing sensors and chipsets.

Only truly decentralized cryptocurrency will survive as incumbent institutions are increasingly threatened with the wild potential of blockchain tech. Classic was created in response to contract censorship on Ethereum's sister chain. It has shown its ability to resist all odds and deliver the original Ethereum vision for unstoppable applications. ETC is uniquely positioned as the Smart Contract Platform for the future. As other chains are compromised or taken over by special interests, it combines the technology of ETH and the philosophy of BTC. You are invited to explore the past, present, and future of Ethereum Classic. Learn about its principles, value proposition, community and more.

DigiByte does more than just provide a faster digital currency. It is a blockchain that can be used to secure authentication, digital assets, smart contracts, and decentralized applications. These three layers are the most advanced parts of DigiByte's blockchain, allowing for network infrastructure, security, and communications to operate at a cutting-edge speed. The top layer functions as an app store and has clear real-world applications. You can create all types of digital assets using the DigiAssets protocol, which is atop the DigiByte Blockchain. The middle layer is responsible for administration and security. A Digital Byte of data is a representation of larger data. It can also be referred to as a unit that has value and cannot be duplicated, copied, or hacked. A public, immutable ledger that records all DigiBytes transactions. DigiByte has five proof-of-work algorithms to ensure security. Only mining produces new DigiBytes.

Lisk is a platform for blockchain applications. By making blockchain accessible, we create a world where everyone can benefit from this technology. Develop blockchain applications that are compatible with the Lisk protocol. There is no need to learn new languages as everything is written in JavaScript or TypeScript. The modular design of Lisk SDK allows you to create any type of blockchain technology use-case. We are looking for developers and entrepreneurs to create blockchain applications using the Lisk SDK. Join us to receive a grant of 60,000 CHF to help expand our ecosystem and develop innovative blockchain use-cases. Lisk Desktop is a one-stop solution that allows you to manage your Lisk account and access tokens. You can also vote for delegate candidates. It combines the functionality and transparency of a blockchain-explorer with cryptocurrency wallet functionality. Lisk Mobile is the lightweight version that you can use on-the-go.