Best Layer 2 Protocols for Blockdaemon

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.

Your dApps can be run in a modular cloud decentralized for real-world requirements and configured to your specifications. SKALE Networks' modular protocol allows developers to quickly and easily create highly configurable blockchains. This provides the benefits of decentralization without compromising computation, storage, security, or both. Elastic blockchains are highly efficient, decentralized, configurable and Ethereum compatible. They also use the most recent advances in cryptography to provide security. BFT is the standard for security in distributed systems. It guarantees that the network can reach consensus, even if up to one-third of participants are malicious. This protocol is based on the Internet's model and recognizes the latencies of the network and nodes. This allows messages to take indefinite time to reach their intended recipients. BLS Threshold Signatures allow efficient interchain communication and support randomness for node allocation.

Astar Network is a Web3.0-compatible, scalable infrastructure. Astar Network was built with Parity’s Substrate framework. It can also be a future Polkadot Parachain that acts as a scalable smart contracts platform. Smart contracts are not supported by the Polkadot Relaychain. This gives Astar the chance to fill this gap. Scalability is a key requirement for dApp developers. Astar Network allows developers to build any application they want without having to think about its scalability. Astar Network is open-source. There are many opportunities to be involved in our ecosystem. Astar Network is an open source project that anyone can contribute to, develop, or modify. Astar Network's mission it to provide a scalable, interoperable and decentralized application platform that defines the new web, Web3.0.

Stacks makes Bitcoin programmable. It allows you to create decentralized apps and smart contract that inherit all the Bitcoin's power. You can build apps and smart contracts using Bitcoin. Stacks connects with Bitcoin, allowing you to create apps, smart contracts and digital assets that are integrated into Bitcoin's capital, security, and network. To support the network's security, and consensus, lock your STX temporarily. As a reward, you will receive Bitcoin that miners can transfer as part Proof of Transfer. Stacks makes Bitcoin's $760B capital programmable using smart contracts. A better financial system built on Bitcoin is possible. It's open, composable and does not require intermediaries. With Clarity smart contracts, you can run your app's logic on blockchain. Clarity is a more secure, predictable language that protects against many bugs and exploits. Ideal for high-stakes code, where bugs are not an option.

Polygon (previously Matic Network), is a protocol and framework that allows you to build and connect Ethereum-compatible blockchain networks. Although Ethereum is the preferred blockchain development platform, it has its limitations. Polygon - A protocol and framework for building and connecting Ethereum compatible blockchain networks. Preset blockchain networks can be deployed in one click. A growing number of modules are available for the development of custom networks. Interoperability protocol to exchange arbitrary messages with Ethereum or other blockchain networks. Modular and optional security as a service. Modules for adaptors to enable interoperability with existing blockchain networks. Polygon brings together the best of Ethereum, sovereign and other blockchains in an attractive feature set. For developers.