Bitcoin

Ethereum

Cardano

Cosmos

Solana

iBNB

NEAR Protocol

Polkadot

Kaspa

<p>In the crypto world, layer 1 blockchains stand as foundational pillars on which the decentralized ecosystems are built. These blockchains serve as the base for various decentralized applications, offering security, scalability, and interoperability. In this blog, we will discuss the top layer 1 blockchain.</p><h2 id="header-0"><strong>Top Layer 1 Blockchain</strong></h2><h3 id="strong-1-bitcoin-btc-strong"><strong>1. Bitcoin (BTC)</strong></h3><p>Bitcoin, the pioneer of cryptocurrencies and blockchain technology, stands as a robust layer 1 blockchain. It offers high security and immutability and is used for digital payments and investments. Though the Bitcoin blockchain was cherished as a store of value by crypto enthusiasts, its founder still remains anonymous. BTC is often referred to as ‘digital gold’ and has a limited supply of 21 million tokens.</p><p>One of the major events in the ecosystem is the <a href="https://cryptotale.org/bitcoin-halving-effects-miner-revenues-plunge-despite-initial-surge/" rel="noopener noreferrer nofollow">Bitcoin halving</a> event, which happens every four years. It reduces the block rewards for miners by half to decrease the rate at which new Bitcoins are mined. Besides acting as a digital currency, it also serves as a foundation for various decentralized applications.</p><h3 id="strong-2-ethereum-eth-strong"><strong>2. Ethereum (ETH)</strong></h3><p>Ethereum is one of the most popular layer 1 blockchain and has succeeded in developing the most robust smart contract technology. With unparalleled security and a strong network, Ethereum maintains a significant market capitalization despite its scalability issues. Furthermore, the platform EVM (Ethereum Virtual Machine) facilitates cross-platform application development, fostering interoperability across Layer 1 ecosystems.</p><p>The platform is often dubbed the‘ world computer’ of blockchain as it hosts various applications from DeFi ecosystems to the metaverse. Its upgrade to Ethereum 2.0, which changed the consensus mechanism from PoW to PoS, aims to tackle sustainability and scalability issues. In addition, it improves energy efficiency and transaction throughput and reduces carbon footprint.</p><p><a href="https://cryptotale.org/blackrock-amends-s-1-filing-for-ethereum-etf-with-the-sec/" rel="noopener noreferrer nofollow">BlackRock Amends S-1 Filing For Ethereum ETF With the SEC</a></p><h3 id="strong-3-solana-sol-strong"><strong>3. Solana (SOL)</strong></h3><p>Solana is a well-known layer 1 blockchain similar to Ethereum in terms of scalability and heightened security. It has a robust ecosystem and can process over 3,000 transactions per second. The platform leverages two consensus mechanisms: Proof of History (PoH) and Proof of Stake (PoS), which enables fast speed and efficiency. Furthermore, PoH helps streamline the sequencing of transactions, ensuring efficiency and low costs.</p><p>The Solana ecosystem began to flourish with the introduction of Solana Improvement Documents (SIMDs) and the Firedancer upgrade in 2023. SIMD helped formalize the process for developers to suggest protocol enhancements, and Firedancer helped boost transaction speeds. The SOL token is used for smart contract execution and as transaction fees. On the other hand, validators and delegators stake SOL to secure the network.</p><p><a href="https://cryptotale.org/top-10-layer-1-blockchain-to-watch-in-2024/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a></p><p><strong>Visit the links for more information </strong><a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|</p>

Top 10 Layer 1 Blockchain to Watch in 2024

Top 10 Layer 1 Blockchain to Watch in 2024

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