Best Free Layer 1 Protocols of 2024

The fork of Solana embedded with EVM integration. Fastest EVM/EBPF hybrid chains inherited best from Solana. All smart contracts built on Ethereum blockchain are supported. Extremely efficient performance at a fraction the cost. Get rewards and stake to support decentralization. Users can access the Velas Network to get decentralized services. They can delegate the security of their passwords, keys, or seed-phrases to segmentation algorithms, validators, and validators who are interested in data security. This information will be distributed across the network and is not accessible to any other participants.

Meter is a high-performance infrastructure that allows smart contract to scale and travel seamlessly across heterogeneous blockchain networks. Meter is a Layer 1 or Layer 2 blockchain protocol. The Meter system consists two tokens: MTRG (the governance token; eMTRG is an ERC20 version) and MTR (the low-volatility currency to token). Financial assets should be able to flow freely between blockchains. Meter's HotStuff-based consensus permits 1000s of validator nosdes, making it the most decentralized Layer 2 Ethereum. Meter processes thousands upon thousands of transactions per second, and transactions are confirmed almost immediately. Meter Passport allows assets, smart contracts and smart contracts to travel and communicate across heterogeneous Blockchains for the best price and liquidity. Meter is an Ethereum compatible with unique enhancements. Meter is a Layer 2 DEX that is front-running/MEV resistant and fast.

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.

A blockchain that is compliant with today's and future economies. This allows for both private and public transactions. This allows for high throughput, fast transactions, predictable fees, and high throughput. This allows developers, traders, and businesses to harness the true potential of blockchain. Concordium's decentralised blockchain technology has layer-one ID. It offers forward-thinking companies, developers and traders cryptocurrency unrivalled security and transparency, as well as compliance with regulations if and when they are introduced. Utilizing zero-knowledge-proofs (ZKP) allows parties to verify information without exchanging or storing that information on-chain other than hash functions, so users can trust that their confidential business will become no one else's business.

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.

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.

NEAR, the fastest path to market for builders, is an open-source platform that accelerates decentralized application development. We are building the tools that enable community-driven innovation that will benefit people all over the globe. Near Inc is developing NEAR, an application platform that brings blockchain to a wide range of mainstream applications. NEAR is a high-performance infrastructure that real people can use. It focuses on the developer and end user experience. NEAR is a decentralized platform for application that can manage high-value assets such as money and identity. It is also performant enough to make them usable for everyday people. NEAR's token economy revolves around the NEAR token. This token is a unit of value that allows token holders to use NEAR applications, participate in network governance and earn token rewards for staking to the network.

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.

Bitcoin Diamond is the internet’s native currency. It has lower transaction fees than any credit cards, better exchange rates that any government-backed currency, faster transaction confirmations, and lower transaction fees than any other digital payment method. Bitcoin Diamond is a worldwide currency that you can use for purchasing products from any country and having them delivered to your home, anywhere in the globe. It costs less than one penny per transaction, and there is no currency exchange required. It can be difficult to protect your money against theft and inflation with traditional government-backed currency. Bitcoin Diamond is a fork from the Bitcoin blockchain, which is the most popular and secure cryptocurrency. Bitcoin Diamond is a fiat currency that has a limited supply. This helps to keep inflation under control. It is based upon a decentralized blockchain, which keeps inflation under control. It can be accessed from any location. Each transaction is verified by multiple computers around world.

The First Blockchain Designed for GameFi and Metaverse. Vision hopes to create a high performance, interoperability and scalability metaverse space that is high-secure, secure, and highly performant. This will lower the entry threshold for users. The protocol evolved from PoS and is the result of countless hours of work. The VPoS network is made up of independent validator nodes worldwide. It has a very high safety factor which makes it easy to login and difficult to attack. Transactions on Vision take only seconds and are very affordable. Vision is compatible with Ethereum Virtual Machine (EVM), making it easy to deploy and run your Ethereum dApps on Vision. Vision is fully compatible to Ethereum. Vision's high performance allows you to deploy your dApps for a fraction of the price. Vision code is open-source. It is open-source and everyone can view it. They can also check the progress and comment on it. We need your help to build the ecosystem. Vision Metaverse Go! Creator is a content-focused, scripted and component-based game development tool.

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.

Binance and its community have developed Beacon Chain, a blockchain that implements a vision for a decentralized exchange (DEX), for digital assets. Beacon Chain's core is a highly efficient matching engine built on distributed consensus. It aims to replicate current centralized exchanges' trading efficiency of 1 second. According to a fee schedule, Beacon Chain transactions cost BNB (the native token in Binance ecosystem). Beacon Chain also includes efforts for listing assets from other chains and cryptographic primitives like threshold signatures.