Layer 1 blockchains serve as the foundation for decentralized applications and smart contracts, playing a crucial role in the blockchain ecosystem. Here are the top 10 Layer 1 blockchains to watch in 2024:
- Ethereum – The leading smart contract platform, continuously evolving with Ethereum 2.0.
- Bitcoin – The original blockchain, known for its security and decentralized nature.
- Solana – Offers high-speed transactions and low fees, ideal for DeFi and NFTs.
- Binance Smart Chain (BSC) – Provides a cost-effective platform with fast transactions, attracting various dApps.
- Cardano – Known for its research-driven approach to scalability and sustainability.
- Polkadot – Enables interoperability with its multi-chain framework.
- Avalanche – Prioritizes high throughput and low latency, favored by DeFi projects.
- Cosmos – Focuses on blockchain interoperability and scalability.
- Near Protocol – Emphasizes developer ease and efficient scalability.
- Solulab – An emerging player offering customized blockchain development solutions, fostering innovative applications and projects.
These blockchains are shaping the future of decentralized applications and blockchain technology in 2024.