Shardeum is an EVM-based, linearly scalable smart contract platform that maintains true decentralization and solid security through dynamic state sharding. This means Shardeum can increase its TPS capacity with each validator added to the network to retain low gas fees forever. In many state sharded blockchains, developers face challenges as they don’t retain atomic composability across shards. However, Shardeum uses a novel architecture where atomic composability is retained. Shardeum provides the highest throughput capacity of any EVM based L1 without sacrificing decentralization.
Avalanche was launched in 2020, with the aim to be fast, versatile, secure,affordable, and accessible. AVAX, its native token, is used to pay transaction fees, secure the Avalanche network, and serve as a basic unit of account amongAvalanche blockchains.The Avalanche blockchain enables near-instant transaction completion and canprocess 4,500 transactions per second. Avalanche is also an open-source project,which means anyone can view and contribute to the platform’s code.
The BNB Chain ecosystem is community-driven, open-source, and decentralized. February 2022, Binance merged the Binance Smart Chain and the Binance Chain toform the new BNB Chain. BNB retains Ethereum Virtual Machine compatibility,implements consensus mechanisms, and has evolved into a multi-chain hub.It is one of the world’s largest cryptocurrency ecosystems, with its nativetoken BNB ranking third, having a market cap of $40.9 billion (excludingstablecoins).
Near Protocol is a blockchain network at layer 1. It provides a platform for developers to create decentralized applications (dapps).Near Protocol is both faster and less expensive than Ethereum. More importantly,it is expected to be faster than some of the other major competitors. Near isexpected to be able to process up to 100,000 transactions per second once fullyimplemented (TPS).
Polkadot is both a token and a decentralized protocol that can be bought and sold on exchanges like Coinbase or Binance.The Polkadot protocol allows unrelated blockchains to securely communicate withone another, for example, enabling value or data to flow between Ethereum andBitcoin blockchains without the need for an intermediary. It’s also intended to be fast and scalable, thanks to the use of numerousparallel blockchains offloading processing demands.
The Injective Protocol is a layer 1 blockchain network and smart contract platform. Injective Protocol is highly interoperable with other networks andfeatures its own fully decentralized ERC-20 token bridge, supporting nativeEthereum-based assets within its ecosystem.The central platform of Injective Protocol is the Injective Hub. By connectingto the Injective Hub, Defi users can take advantage of its many featuresincluding token swaps, staking rewards, and governance proposals.
The Cosmos blockchain was created to allow distributed ledgers to communicate without relying on a centralized server. Cosmos, with over $151 billion in digital assets under management, is the firstentirely free platform to enable interoperability between different systems,including Binance Chain, Terra, and Crypto.org, to name a few.Cosmos (ATOM) is the cryptocurrency that powers and secures the ecosystem ofblockchains that are designed to scale and communicate with one another.
Supported by Crypto.com, Crypto.org and more than 400 app developers and partners, Cronos is an EVM-compatible layer 1 blockchain. Their mission is to make it easy and safe for the next billion crypto users to adopt Web3, with a focus on DeFi and GameFi.
Solana is a blockchain platform for hosting decentralized, scalable applications. It was founded in 2017 as an open-source project by the Solana Foundation in Geneva, with the blockchain built by Solana Labs in San Francisco. Solana is much faster in terms of transaction processing capacity and has significantly lower transaction fees than rival blockchains such as Ethereum.
Ethereum is a decentralized software platform based on blockchain technology. It is most famous for its native cryptocurrency, ether (ETH).Developers use Ethereum to create decentralized digital technologies such as smart contracts, tokens, and decentralized applications (Dapps). Created with the goal of being scalable, programmable, secure, and decentralized, Ethereum is the blockchain of choice for developers and businesses, changing how many industries operate and how we live our lives.
