Best Layer 1 Protocols for Ledger

Hive is home to some the most popular Web3 apps worldwide, including PeakD, Splinterlands and HiveBlog. To securely store your cryptocurrency and interact with Web3 apps, wallets are essential. Hive offers a variety of community-owned and open source wallets for Windows, macOS Linux, iOS, Android, Android, and Web. Contributors make it possible to develop Hive and its ecosystem. To encourage critical work, such Core Development, a DAO-like structure is used: the Decentralized Hive Fund, (DHF), which is being leveraged for intelligently funding important work.

DAppChain serves as TRON's initiative for sidechain development, aiming to facilitate the operation of decentralized applications (DApps) on the TRON network with greater energy efficiency, increased speed, and improved security, thereby offering limitless scalability for the main TRON network. The considerable throughput is achieved by enhancing the transactions per second (TPS) capabilities of TRON, which have now outstripped those of Bitcoin and Ethereum, reaching a level suitable for everyday use. This scalability, coupled with efficient smart contracts, provides a diverse range of deployment options for applications on TRON, effectively accommodating a vast number of users. Furthermore, the enhanced reward distribution mechanism contributes to a more trustworthy network structure, protects user assets, and fosters intrinsic value while promoting a higher level of decentralized consensus. Additionally, Poloniex operates a decentralized trading platform that evolved from TRXMarket, which was previously the largest decentralized trading venue on TRON and has consistently ranked among the top five in terms of trading volume within the TRON DApp ecosystem. This evolution reflects the continuous growth and adaptation of TRON in the decentralized finance space.

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.

Kava stands as a decentralized finance platform that facilitates lending and the use of stablecoins in harmony with prominent cryptocurrencies. It operates a cross-chain system that ensures users can access guaranteed loans and stablecoins through major crypto assets such as BTC, XRP, BNB, and ATOM, among others. By collateralizing their cryptocurrencies, users can receive USDX, which is Kava's own stablecoin. The platform features two primary tokens: the KAVA coin and the USDX stablecoin. Serving as the native token, KAVA plays a pivotal role in underpinning the security, governance, and operational functionalities of the platform. Built on a highly scalable and secure blockchain utilizing the Cosmos SDK, Kava connects seamlessly with over 30 chains and taps into a vast ecosystem worth more than $60 billion through the Inter-Blockchain Communication (IBC) protocol. Additionally, it offers an EVM-compatible execution environment designed to enable Solidity developers to create decentralized applications that take full advantage of Kava's robust scalability and security. With Tendermint Consensus, which provides single-block finality and exceptional scalability, Kava is well-equipped to cater to a wide array of transaction demands, ensuring a fluid user experience. The integration of these technologies positions Kava as a forward-thinking platform in the evolving world of decentralized finance.

Create on Avalanche. Create without restrictions. Avalanche serves as an open, programmable foundation for decentralized finance applications. Launch Ethereum dapps that achieve instantaneous transaction confirmations and handle thousands of transactions each second, surpassing the capabilities of any existing decentralized blockchain platform. Tailor blockchains to cater to your specific application requirements. You can construct your own virtual machine and define the precise operations of the blockchain. By staking or locking up your AVAX, you contribute to transaction processing and enhance the platform's security, offering protections that exceed the conventional 51% threshold. You likely possess the necessary hardware to participate in this ecosystem. Avalanche is compatible with Solidity, ensuring all your preferred tools, such as Remix, Truffle, and Tenderly, function seamlessly. The cost of deploying smart contracts on Avalanche is merely a fraction—just one-tenth—of what it is on Ethereum. The challenges of high gas fees, front-running, and the negative impacts associated with sluggish smart contract blockchains are now behind us, paving the way for a more efficient and user-friendly experience. Embrace the freedom to innovate and transform your ideas into reality on Avalanche.

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.

The landscape of blockchain technology is evolving at an unprecedented pace, yet both public and private blockchain networks continue to function independently from one another. It is essential for Open Finance to establish connections among these networks. This revolutionary movement fosters financial independence, empowerment, and interconnectedness that humanity has not witnessed before. Our goal is to enhance this transformation through a network of global connections. Wanchain stands out as the premier platform for blockchain interoperability, bridging the gap between isolated public and private blockchains to facilitate the seamless transfer of digital assets and data worldwide. Users can lock tokens on their originating blockchain using a decentralized, non-custodial method, and subsequently utilize proxy tokens within various DApps across Wanchain’s expansive cross-chain ecosystem. After utilizing the proxy tokens, users can burn them to release their original tokens. Furthermore, Wanchain supplies the foundational economic infrastructure that enables developers to create innovative financial applications that traverse multiple blockchains and engage diverse communities, paving the way for a more integrated financial future.

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.

The XRP Ledger: A Blockchain Tailored for Enterprises. The XRP Ledger (XRPL) stands as a decentralized and public blockchain, driven by a worldwide consortium of businesses and developers aiming to address challenges and generate value. With a track record exceeding a decade of flawless operation, the XRPL provides efficient development processes, minimal transaction fees, exceptional performance, and eco-friendliness, empowering you to innovate with assurance and advance your most vital initiatives. Additionally, the XRPL's open peer-to-peer network invites participation from all, ensuring that maintenance and enhancement come from a diverse community of software engineers, server operators, users, and companies united in their mission to tackle issues and deliver tangible benefits.

Celo is an accessible platform that democratizes financial tools for anyone with a mobile device. It offers a global payments framework specifically designed for use on mobile platforms. A vast community of organizations and individuals collaborates to develop, enhance, and govern Celo, which is an open-source initiative that empowers users to create applications that transcend borders. With hyper-efficient incentives for light clients and full nodes, Celo achieves scalability for up to 6 billion smartphones. The platform boasts full compatibility with the Ethereum Virtual Machine (EVM), making it incredibly straightforward for newcomers to get involved. Additionally, Celo features a growing suite of native stablecoins, such as Celo Dollars, which are pegged to the value of various fiat currencies. Users can settle transaction fees using stablecoins or their own tokens, providing flexibility in payments. The ability to send money to any mobile number is made possible through Celo’s decentralized phone verification system, unlocking access to an expanding array of global cash-in and cash-out services. As a developer, you can explore, innovate, and launch projects that cater to your community by utilizing Celo's robust set of developer tools, fostering a vibrant ecosystem for financial inclusivity. Overall, Celo stands as a transformative force in the realm of mobile finance.

Focused on security and sustainability, Tezos is an open-source framework for digital assets and applications, supported by a worldwide network of validators, researchers, and developers. It effectively tackles significant challenges that have hindered blockchain adoption, such as ensuring the safety of smart contracts, enabling long-term upgrades, and promoting open participation. Designed for high-value applications, Tezos guarantees the safety and correctness of code necessary for managing assets. Its native smart contract language, Michelson, supports formal verification, a technique often utilized in critical fields like aerospace, nuclear power, and semiconductor manufacturing. With a flexible architecture and a formal upgrade process, Tezos allows the network to smoothly introduce and adopt new technological advancements as they arise. This dynamic approach, paired with an on-chain invoicing system, positions Tezos to maintain its cutting-edge status well into the future while ensuring that community consensus remains intact. Ultimately, Tezos represents a forward-thinking solution that aligns with the evolving demands of blockchain technology.

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.

Bitcoin Cash stands as the most resilient form of currency, fulfilling Bitcoin's initial vision as a "User-to-User Electronic Money." With its minimal fees and dependable, irreversible transactions, it provides significant advantages for both merchants and consumers. The potential for unlimited growth, along with decentralized innovation and worldwide acceptance, paints a promising outlook for its future. Everyone is invited to become part of the Bitcoin Cash community, participating in the evolution of sound money accessible to all. With Bitcoin Cash, transferring funds to anyone, at any location, is possible around the clock, every day of the year. The network operates continuously, akin to the Internet, ensuring that no transaction is limited by size and no permissions are necessary. In contrast, traditional banks may restrict your transactions, impose fees, or unexpectedly close your account, highlighting the distinct advantages of Bitcoin Cash. Additionally, its robust framework fosters an inclusive financial environment, encouraging users to explore the limitless possibilities of this innovative currency.

Persistence is a Layer-1 network built on the Tendermint/Cosmos framework, designed to support a variety of decentralized finance (DeFi) products with the goal of making liquid-staked assets the standard for the proof-of-stake (PoS) economy. This protocol is characterized by its interoperability, allowing developers to create applications that can be independent, modular, or constructed on Persistence's CosmWasm layer. Within the Persistence ecosystem, users can develop App-chains that maintain interoperability with the broader Cosmos/IBC ecosystem, facilitating the routing of IBC assets through the Persistence Core-1 chain. Furthermore, developers have the flexibility to create Modular Apps directly atop the Core-1 chain, utilizing elements of the Persistence architecture as easily integrated interfaces. Additionally, the integration of CosmWasm enables the creation of high-performance Smart Contract Apps on the Persistence chain, allowing for seamless upgrades and enhancements over time. This innovative approach positions Persistence as a crucial player in the evolving landscape of decentralized finance.

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.

The Cosmos network represents a continuously growing ecosystem of linked applications and services designed for a future characterized by decentralization. Immerse yourself in a novel realm of interconnected services. Utilizing the Inter-Blockchain Communication (IBC) protocol, Cosmos applications and services enable seamless asset and data exchanges across independent decentralized blockchains. As the economic heart of the Cosmos, the Cosmos Hub functions as a blockchain that offers essential services for the Interchain. It is poised to launch a cutting-edge decentralized exchange that will facilitate the swapping of digital assets from various blockchains within the Interchain, boasting minimal fees and immediate transaction verifications. Additionally, the anticipated Interchain Staking feature will allow ATOM to secure multiple chains while providing users with extra staking rewards. A fundamental objective of the Hub is to link different blockchains by creating IBC connections with compatible networks and establishing decentralized bridges to prominent chains like Ethereum and Bitcoin, thereby enhancing the overall interoperability of the blockchain ecosystem. Ultimately, Cosmos aims to create a more connected and efficient digital landscape.

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.