Best Layer 1 Protocols for Relay

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.

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.

IoTeX stands out as the quickest, most secure, and highly scalable blockchain platform available today. It is at the forefront of leading global industry consortiums and standard-setting organizations. The ecosystem surrounding the IoTeX platform continues to expand, featuring a wide array of projects and products developed by its vibrant community. Furthermore, the IoTeX blockchain is already in operation, powering innovative real-world devices such as the acclaimed blockchain-enabled cameras showcased at the Consumer Electronics Show (CES) and the pebble geo device, which is ideal for enhancing supply chain efficiency across various sectors. This ongoing development illustrates the platform's commitment to advancing technology that meets the demands of contemporary industries.

The Cronos PoS Chain operates as a public, open-source, and permissionless blockchain, characterized by a completely decentralized framework that offers rapid transaction speeds and minimal fees, all aimed at promoting widespread adoption of blockchain technology through various applications, including payments, decentralized finance, and non-fungible tokens. Additionally, this network is crafted to serve as a public utility, facilitating innovative use cases that cater to a diverse range of users and industries.