đđTop 4 Layer-1 Crypto Projects That Could Gain 10x in 2024
đ Areon Network
With a history of flawless, steady development dating back to day one, Areon Network stands out as a unique, decentralized layer 1 blockchain project.
Areon Chain, being developed by Areon Network, would let anybody to create decentralized applications (dApps), conduct everyday transactions, and send and receive payments immediately for very cheap costs.
The Proof of Area technique is what we use for consensus. This one-of-a-kind technology can handle 600,000 TPS with ease and finish a transaction in under 100 milliseconds.
đ Aptos
To address Ethereum's scalability problem and prevent a repetition of Solana's many network resets, Aptos uses the BlockâSTM algorithm and the BFT Consensus Mechanism, which facilitate network transactions. The Aptos network can execute a high number of transactions simultaneously because to its parallel processing, which allows for a network pace of 160,000 TPS.
đ Sui
Such unified blockchains as Sui, Fantom, and Near Protocol are similar to Solana. But Aptos and Sui are very similar; they both choose for horizontal growth rather than vertical, unlike Solana. Sui will take a different course of action if Aptos opts to settle several transactions simultaneously via parallel executions.
An essential part is the Narwhal-Tusk consensus method, which has solved the primary problem at Mempool, the part of the blockchain where validators sort transactions and are thought to be the bottleneck. The scalability issue with the blockchain will be resolved.
đ Celestia
Data storage and the procedures of execution and consensus will be kept apart by Celestia. Like the other monolithic blockchains, this one also uses a single layer for consensus, execution, and data storage. On the other hand, Celestia will handle these operations independently in their own levels.
Celestia's idea is solid, but creating a Modular Blockchain will take time. Due of the sophistication of their technology, Celestia grows slower than Aptos and Sui.
