Best Layer 1 Protocols for OpenOcean

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.

Polkadot is an innovative blockchain network designed to support Web 3.0, which aims to create a decentralized and equitable internet where individuals have control over their data, fostering thriving markets through enhanced network efficiency and security. Established in 2016 by Gavin Wood, who previously served as the Co-Founder and CTO of Ethereum, Polkadot addresses key challenges that have hindered the widespread adoption of blockchain technology in recent years. The platform's development toolkit, known as Substrate, was created by Parity Technologies and simplifies the process for developers to create tailored blockchains suited to their specific needs. Additionally, Polkadot facilitates interoperability between various blockchains, making upgrades seamless, and introduces a model of “shared security” that allows developers to prioritize their technological innovations rather than expend resources on assembling a team of operators to manage a new blockchain. This approach not only streamlines the development process but also enhances the overall robustness of the blockchain ecosystem.

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.

Ethereum is a community-driven platform that serves as the backbone for the cryptocurrency ether (ETH) and a myriad of decentralized applications. This innovative technology facilitates not only digital currency transactions but also global payments and various applications. Through collaborative efforts, the community has established a vibrant digital economy, providing creators with new opportunities to generate income online and much more. Accessible to anyone with an internet connection, Ethereum breaks down barriers for billions who either lack bank accounts or face restrictions on their financial transactions. Its decentralized finance (DeFi) framework operates continuously without bias, allowing users to send, receive, borrow, earn interest, and even stream funds globally. In contrast to traditional internet services that often require sacrificing personal data control, Ethereum maintains openness as a fundamental principle – all that's needed is a wallet to participate. By staking your ETH, you can contribute to the network as a validator, helping to secure and maintain the integrity of this groundbreaking platform. As a result, Ethereum not only empowers individuals but also fosters a more inclusive financial system for everyone.

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.

The BNB Smart Chain (BSC) is a blockchain framework created by Binance that facilitates the development of decentralized applications (dApps) and smart contracts. Functioning alongside Binance Chain, it merges rapid transaction speeds with the programmability found in Ethereum-compatible smart contracts. BSC employs a Proof-of-Staked-Authority (PoSA) consensus model, which boosts both scalability and efficiency while lowering transaction fees. Its compatibility with the Ethereum Virtual Machine (EVM) simplifies the process for developers to migrate dApps and projects from Ethereum seamlessly. As a result, BSC has gained significant traction within the decentralized finance (DeFi), gaming, and NFT sectors, providing users with an efficient, cost-effective, and secure environment for blockchain innovations. The growing ecosystem surrounding BSC continues to attract new projects and users alike, further solidifying its position in the market.

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.

The initial trading chain in the world is a decentralized, global blockchain ecosystem designed for value exchange. Known as OKT Chain (OKTC), this public blockchain operates without a central authority controlling it. This means that anyone from anywhere can initiate projects and utilize applications seamlessly. OKX does not have the ability to control or endorse any projects that operate on OKT Chain (OKTC). While the decentralized framework of blockchain offers numerous advantages, it also comes with inherent risks. It's crucial for individuals to take responsibility for their financial choices and conduct thorough research on any projects they consider. Before engaging with OKT Chain (OKTC), ensure you fully understand the project at hand. Additionally, it's important to note that developers and users can freely access both the main and test networks. It's essential to differentiate between the OKC main network and the test network, as all assets on the testnet hold no real value. Safeguarding your private keys is vital, and sharing them is never advisable. Always verify the safety of third-party projects before granting them permission. We offer support for various wallets, including MetaX, MetaMask, imToken, TokenPocket, and others, ensuring users have options for secure transactions. Staying informed and cautious will help mitigate risks while navigating this innovative landscape.

Ontology facilitates the authentication of identities and the collaborative use of data among users, vehicles, and external entities. Access, use, and storage of data is strictly governed by the owner's consent. Utilizing the Ontology Trust Framework alongside Self-Sovereign Data Storage, various cryptographic algorithms are employed to ensure the security of user identities and the privacy of their data. Every data exchange activity necessitates explicit authorization, and selective sharing is achievable through specific authorization protocols and cryptographic methods. The blockchain technology allows for effective traceability, authorization, and authentication of personal information. In certain scenarios, we incorporate Trusted Execution Environment (TEE) technology to enable data analysis and processing while maintaining privacy. Now is the moment to take back control over your digital identity. With ONT ID, you gain autonomous authority over your private information, allowing you to determine the accessibility of your data to others and set your own parameters for data sharing. This level of control empowers users to protect their digital footprint in an increasingly interconnected world.

At Aptos Labs, we are creating an inclusive Layer 1 platform for all users. Engage in the development of applications tailored for the Aptos Blockchain, operate nodes, and immerse yourself in the thriving Aptos community. When a client of the Aptos Blockchain initiates a transaction, they seek to modify the ledger state to include their submission. You can generate, submit, and validate a transaction on the Aptos Blockchain. Take the opportunity to write your inaugural Move Module for this blockchain. Additionally, you can launch your first coin on the Aptos Blockchain while discovering how to construct your initial decentralized application (dapp). Each account on Aptos is identified by a distinct account address, with the account holder possessing a public and private key pair linked to that address, along with an authentication key stored within the account. Aptos also offers a REST API that facilitates interaction with the blockchain. You can monitor transactions and accounts throughout the network and obtain ledger information from the FullNode, such as data pertaining to accounts and their resources. Furthermore, joining the Aptos ecosystem allows for continuous learning and collaboration, ensuring that you stay at the forefront of blockchain innovation.

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.

Gnosis Chain stands out as one of the pioneering sidechains of Ethereum and has consistently upheld its foundational principles. With the ability for contributors from all corners of the world to effortlessly operate a node, it boasts a robust security framework supported by over 120,000 validators. The varied composition of its validator network, coupled with community-driven governance, guarantees that Gnosis Chain retains its commitment to credible neutrality while operating at a significantly lower cost compared to the main Ethereum network. As an EVM-compatible platform, it is fortified by home-based stakers globally, catering to the needs of its users. Furthermore, Gnosis Chain provides familiar tools and is on the verge of launching trustless bridges to the mainnet, enhancing its utility and accessibility. This positions Gnosis Chain as an attractive option for developers and users alike in the blockchain ecosystem.

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.