Best Layer 1 Protocols for Venly

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.

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.

Build on Avalanche. You can build without limitations. Avalanche is a platform that allows you to create decentralized financial applications. It is open and programmable. Launch Ethereum dapps to instantly confirm transactions and process thousands of transactions per minute. This is far more than any other decentralized blockchain platform. You can deploy blockchains that meet your application requirements. You can create your own virtual machine and decide how the blockchain should work. Secure the platform by locking up your AVAX and facilitating transactions. Most likely, you have the hardware necessary to join the platform. Avalanche supports Solidity. All your favorite tools, such as Remix, Truffle, or Tenderly, work right out of the box. Avalanche smart contracts are only a tenth as expensive as Ethereum. Low gas fees, front-running, adverse effects, and other negative effects of slow smart contracts blockchains are all gone.

Hedera is owned by some of the most respected organizations in the world. Hedera is the most widely used enterprise-grade network that allows you to create your digital world. HBAR, the native, energy-efficient cryptocurrency from Hedera that powers decentralized economies, is called Hedera's HBAR. Hedera is open to all, regardless of whether you are a startup, an enterprise, or a consumer. It goes beyond the blockchain for developers to create the next generation of fast, fair and secure applications. Bitcoin was the first to use decentralized infrastructure, and Ethereum introduced programmability. However, proof-of-work blockchains of the past consume huge amounts of energy and take a long time to process transactions in order achieve acceptable levels security. These technologies consume a lot of bandwidth and can charge high fees even for a simple transaction. The Hedera proof of-stake public network powered by hashgraph consensus achieves the highest level of security (ABFT).