🌐 Get ready for a thrilling lineup of Layer-1 crypto projects making their way to Bullrun 2024-25. These projects are set to revolutionize the blockchain landscape and offer incredible opportunities for investors. 🌐
🚀 Let's take a sneak peek at these Layer-1 Projects in this thread ⬇️🧵
1️⃣ Saga (SAGA): Saga is a Layer 1 protocol that allows developers to spin up VM-agnostic, parallelized, and interoperable dedicated chains. It’s designed to provide applications with infinite horizontal scalability. Each Chainlet is a replica of the Saga Mainnet, with the same validator set and security model.
2️⃣Venom (VENOM): Venom is a layer-0 non-EVM blockchain with a dynamic sharding algorithm and Mesh technology. It enhances blockchain interoperability by setting communication standards for TVM-compatible networks, ensuring faster transaction speeds, robust decentralization, and reliable message delivery for cross-chain transactions.
3️⃣ Nibiru (NIBI): Nibiru is a Layer 1 blockchain network that focuses on the exchange of cryptographic assets like NFTs and social tokens. It provides a platform for the secure and efficient trading of these assets.
4️⃣ Dymension (DYM): Dymension is a sector-specific Layer 1 blockchain, designed to optimize trading. It provides an edge to exchanges by offering speed, scalability, and reliability.
5️⃣ ZetaChain (ZETA): ZetaChain is a Layer 1 blockchain network that enables omnichain, generic smart contracts, and messaging between any blockchain. It solves the problems of “cross-chain” and “multi-chain” and aims to open the crypto and global financial ecosystem to anyone.
6️⃣ Toncoin (TON): Toncoin is a Layer-1 public chain focusing on the exchange of cryptographic assets like NFTs and social tokens. It provides a platform for the secure and efficient trading of these assets.
7️⃣ Celestia (TIA): Celestia is a modular blockchain network that provides developers with the infrastructure to build and maintain blockchains. It allows other blockchains to use it as a data availability and consensus layer.
8️⃣ Sei (SEI): Sei is a Layer 1 blockchain that focuses on optimizing every layer of the stack to offer infrastructure for trading apps of all types. It aims to handle a high number of orders per second, with a transaction finality of 380ms.
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#CryptoSimbhaGems🦁🏹 #Binance #Layer1 #zeta #bitcoin $SAGA $SEI $TIA

On-chain distribution platform Galxe unveiled plans to launch Gravity, a Layer 1 omnichain smart contract platform designed to transform how users and developers interact with the Web3 environment.

“Gravity represents a major advancement in our mission to decentralize the web3 ecosystem,” said Harry Zhang, Co-Founder of Galxe. “For the past three years, Galxe has consistently prioritized user experience, as evidenced by our transaction volume across over 34 supported chains, which highlights the urgent need for a solution like Gravity to simplify cross-chain interactions and provide a streamlined, user-friendly experience. Gravity’s ability to abstract these complexities is a game-changer for both developers and users,” he added.

In recent years, Galxe has experienced a surge in its user base and transaction volume, indicating a demand for improved efficiency, scalability, and security in managing complex cross-chain interactions. This prompted the development of Gravity, which aims to offer an integrated and seamless experience for both developers and users.

Gravity shows an omnichain settlement layer designed for widespread adoption and complete chain abstraction. Its strategy involves simplifying the technical intricacies of blockchain interactions by incorporating advanced technologies such as zero-knowledge proofs and consensus mechanisms. This approach aims to guarantee high performance, improved security, and cost-effectiveness.

Gravity boasts several key features, including facilitating cross-chain transactions, ensuring efficient verification processes, enhancing user experience (UX), delivering high-performance execution, employing a secure Proof-of-Stake (PoS) mechanism, and offering compatibility with the Ethereum Virtual Machine (EVM).

The deployment of Gravity will unfold in two significant stages. Initially, the Gravity Alpha Mainnet, utilizing the Arbitrum Nitro stack, is scheduled to debut in June 2024. Following this, in Q2 2025, the Gravity Mainnet will be introduced, presenting a restaking-powered PoS Layer 1 blockchain with Reth serving as its EVM execution engine.

Galxe To Integrate Gravity Into Its Product Suite, Revolutionizing Web3 Interactions

It operates as a Web3 infrastructure and digital credential network, facilitating Web3 experiences by leveraging modular AI, digital identity, and blockchain technologies. At its core lies the Galxe Identity Protocol, which represents the key element for ensuring secure and self-sovereign management of digital identities.

Recently, Galaxy unveiled Galxe Passport V2, serving as a user identity solution for Web3. It securely stores sensitive data to ensure a safe user experience while emphasizing privacy. Additionally, the platform introduced GAL Staking, allowing users to earn rewards through precision-targeted airdrops via Galxe Earn.

Upon introduction, Gravity will integrate into current array of products, including Quest, Compass, Passport, Score, Alva, and the Galxe Identity Protocol. With the capacity to handle 100 million transactions monthly, this new layer presents a streamlined approach for Web3 interactions. Developers will gain immediate access to a broad user base, enhancing their capacity to engage and retain users. Furthermore, the platform streamlines multi-chain asset management and cross-chain transaction settlements and offers user-friendly transaction procedures.

The post Galxe Introduces L1 Blockchain ‘Gravity’ For Omnichain Experience And Full-Chain Abstraction appeared first on Metaverse Post.

In a recent post on X, renowned crypto analyst Alex Wacy outlined his perspectives on the current state of the crypto market and his top pick for an “under-the-radar” altcoin following the recent price surge of Ethereum. Despite its position as the 9th largest cryptocurrency by market capitalization, Wacy remains bullish on the potential of Toncoin (TON), a third-generation blockchain.

“Altseason is coming while Ethereum shines. Now is the time to pick your biggest bets with high conviction. L1s are about to boom, and here is my under-radar pick!” Wacy declared. He emphasized the significance of Layer 1 (L1) and Layer 2 (L2) blockchains as foundational elements for mass crypto adoption, due to their role in supporting various projects and infrastructure. “Watching various projects, one realizes that L1 is the most clear and simple thesis for retail,” he added.

Related Reading

TON, originally developed by the Telegram team and later transitioned to an independent developer community, is recognized for its high performance and scalability. One of its standout features is its deep integration with the Telegram messaging app, which boasts over 900 million monthly active users. This integration is seen as a crucial lever for widespread crypto adoption.

In terms of recent achievements, the TON ecosystem has shown remarkable growth. The blockchain’s Total Value Locked (TVL) has increased fifteenfold in the last three months, and the price of TON has tripled. This surge is accompanied by a flurry of positive developments and new listings.

One notable project within the TON ecosystem is Notcoin (NOT), a Web3 gaming project that has quickly gained traction. Since its launch earlier this year, Notcoin has attracted a vast user base, reaching 35 million players who engage with the game to mine tokens.

These tokens were recently converted into NOT coins and listed on exchanges. “On May 16, the day of the listing, approximately 13 million unique Notcoin users received NOT, making it the largest meme token by number of holders,” Wacy highlighted. Remarkably, NOT is outpacing all other memecoins like DOGE (4.8 million holders), SHIB (1.4 million holders), BONK (720,000 holders) and PEPE (220,000 holders).

Related Reading

Further bolstering TON’s appeal, the blockchain recently introduced the native support of USDT (Tether), providing an accessible platform for Telegram’s massive user base to engage in peer-to-peer payments. This development aligns with TON’s strategy to facilitate seamless integration of Web3 services into everyday activities.

Wacy also shed light on the Open League, a long-term incentive program designed to foster competition and collaboration among TON projects. The program, now in its third season, distributes millions of Toncoin to participants, boosting ecosystem engagement.

In addition, the STON.fi decentralized exchange (DEX) on TON has emerged as a leader in terms of ease of use and integration. Its USDT/TON pool recently surpassed $100 million in TVL, only four weeks after the launch of USDT on the network. “The TON/USDt pool is currently boosted with 105% APY, attracting significant investments,” Wacy noted, mentioning a recent funding round led by CoinFund among other investors.

As the TON ecosystem continues to expand and evolve, it is clear that its combination of technological innovation, strategic partnerships, and community engagement positions it as a formidable player in the blockchain space. Alex Wacy’s endorsement underscores the potential for TON to lead the market on the back of an altcoin season sparked by the recent rise of Ethereum.

At press time, TON traded at $6.33.

Toncoin price consolidates below the 0.618 Fib, 1-day chart | Source: TONUSD on TradingView.com

Featured image created with DALL·E, chart from TradingView.com

Source: NewsBTC.com

The post While Ethereum Shines, Top Analyst Reveals His Best ‘Under-Radar’ Altcoin appeared first on Crypto Breaking News.

The evolution of the Blockchain technology has changed many industries over time. It offers decentralized, secure, and transparent solutions to the market. In order to understand how blockchain works, it’s helpful to think about it in layers. 

There are three main layers: Layer 1, Layer 2, and Layer 3. We’ll ahead explain what each layer does, how they differ, and how they impact the market.

Let’s get into it

Layer 1 also known as the base layer stands as the backbone of the blockchain network. It includes all the components that make the structure work. Key aspects of L1 are consensus mechanisms, scalability, transaction speed and cost, and security.

Consensus mechanisms are protocols that ensure everyone in the network agrees on the validity of transactions. Common methods include Proof of Work (PoW) and Proof of Stake (PoS). 

The Proof of Work (PoW) is used by Bitcoin (BTC). It requires miners to solve complex puzzles. This allows them to validate transactions. It is secure but can be slow and resource-intensive. On the other hand, Proof of Stake (PoS) is used by blockchains like Ethereum. It relies on validators who own a stake in the network. These validators confirm transactions based on the number of coins they hold. This method is faster and uses less energy than PoW.

Scalability

As blockchain networks grow, they need to handle more transactions. However, this can slow down the system. Layer 1 addresses this with scalability solutions. Ethereum is developing “sharding,” which is a method that splits the network into smaller parts (shards) to process transactions simultaneously. This improves speed and efficiency.

Transaction speed

Traditional blockchains like Bitcoin often have slow transaction speeds and high fees. However, newer Layer 1 blockchain, such as Solana and Polkadot, are designed to offer faster transactions and lower fees, enhancing user experience.

Talking about security

Security is crucial in Layer 1. Blockchain’s decentralized nature makes it secure, but it also requires robust measures to protect against attacks. These include cryptographic algorithms to ensure data privacy and immutability, meaning once data is recorded, it cannot be altered.

What is Layer 2?

Layer 2 builds on Layer 1 to improve scalability and add new features. It handles transactions off the main blockchain (Layer 1) and then records them back on Layer 1. It reduces congestion and speeds up the network.

Scalability moves

Layer 2 solutions, such as sidechains and state channels, help manage more transactions:

There are state Channels that allow users to conduct multiple transactions off-chain. They only record the final state on Layer 1. This reduces the load on the main blockchain and speeds up the process. Independent blockchains that work alongside the main Layer 1 blockchain. They handle transactions independently but remain interoperable with Layer 1, enhancing throughput.

Functionality

L 2 also enables more complex smart contracts and decentralized applications. By offloading some processes to Layer 2, Layer 1 can focus on core functionalities. It benefits from the added capabilities of Layer 2 solutions.

What is Layer 3?

Layer 3 is about making different blockchain networks work together. It ensures seamless interaction and asset transfer between various blockchains. It creates a more connected and versatile ecosystem.

Challenges it’s facing?

Different blockchains often operate in isolation. Layer 3 solutions implement standards and protocols to enable asset and data transfer across these blockchains, solving compatibility issues.

Layer 3 uses technologies like atomic swaps and cross-chain smart contracts to facilitate secure and transparent exchanges of value and data. These technologies ensure that transactions are processed smoothly, regardless of the underlying blockchain protocols.

By enabling interoperability, Layer 3 solutions significantly boost the efficiency and flexibility of the blockchain ecosystem, allowing for more innovative and integrated decentralized applications.

Impact on the Market

The three-layered blockchain structure impacts the market:

Layer 1, the Base

Layer 1 blockchains like Bitcoin and Ethereum have established themselves as valuable assets and foundational technologies. They have attracted investment and attention. It drives the development of blockchain technology.

Layer 2, enhancing efficiency

Layer 2 solutions address the scalability limitations of Layer 1 blockchains, enabling faster transactions and the development of more complex applications. This layer has been crucial in the growth of sectors like decentralized finance (DeFi).

Layer 3 moves

Layer 3 solutions enhance the blockchain ecosystem by enabling different networks to interact seamlessly. This opens up new possibilities for decentralized applications and cross-chain transactions, fostering a more interconnected and versatile market.

DeFi applications built on Layer 1 and Layer 2 blockchains offer innovative financial services like lending, borrowing, and trading without traditional intermediaries. Blockchain’s transparency and immutability help companies track and verify product authenticity and provenance, reducing the risk of counterfeiting and fraud.

The post Vitalik Buterin on Layer-2 vs. Layer-1 Trade-offs and ERC-7683 appeared first on Coinpedia Fintech News

Vitalik Buterin has published an article examining the trade-offs in security, speed, and coordination challenges between a layer-2-centric ecosystem and a more centralized layer-1 approach. He opines that, in a technical sense, a layer-2-centric system effectively functions as sharding. Additionally, Buterin sheds light on the ERC-7683 standard, a dependable option for cross-chain token exchange. This highlights the significance of evolving standards to facilitate smoother interoperability across different layers of the blockchain

Layer-1 blockchain refers to the foundational blockchain protocol that underpins a network. It represents a distributed ledger technology (DLT) designed to securely record transactions on a public, immutable, and trustless ledger. Layer 1 typically denotes the primary network infrastructure, such as Bitcoin, BNB Chain, or Ethereum, and its underlying architecture. It allows users to execute transactions freely before formalizing them within the main chain.
Layer 1 Scaling:
A common challenge associated with layer-1 networks is their limited scalability. Bitcoin and other blockchains face difficulties in processing transactions efficiently as demand continues to surge. Bitcoin relies on the Proof of Work (PoW) consensus mechanism, which demands substantial computational resources.
Key features of Layer 1 Scaling include:
Increasing block size to accommodate more transactions in each block, thereby minimizing processing time.Prioritizing security through the utilization of cryptographic algorithms and decentralized network structures.Supporting the execution of smart contracts within Layer 1 blockchains.Adoption of Proof of Stake (PoS) consensus mechanisms, which are typically faster and less resource-intensive than Proof of Work (PoW) consensus mechanisms.Enabling sharding to partition data into a predefined number of distinct components, enhancing network speed.This revised version maintains a more formal and coherent tone suitable for business school-level communication.
Let's explore 5 undervalued blockchains one by one:
EXZO Network:
EXZO Network, as an L1 blockchain, is setting remarkable benchmarks. It offers scalability, low-cost transaction processing, and notable speed. The EXZO network pre-sale is currently live, and they have announced a Hackathon partnership with DoraHacks, featuring $130,000 in prizes along with the Presale. Key features #Exzonetwork include:
Support for 75,000 transactions per second (TPS) and transaction speeds ranging from 400 milliseconds to 1.2 seconds.Almost zero transaction fees, with fees as low as $0.0006.Compatibility with the Ethereum Virtual Machine (EVM) and support for the Rust programming language.Excellent interoperability, with bridges to 12 chains, including Arbitrum, Polygon, AVAX, and more.
The opportunity to earn up to 75% of fees generated when using the Exzo Web3 Wallet by holding $XZO.

EXZO Network has strategically positioned itself with competitive products and significant developments, including Exzo Wallet, Exzo Web Wallet, Exzoswap DEX, and a cross-chain bridge. Big Chads Mando CT and some other influencers already started talking about XZO network and their competitor advantages.
Injective Protocol: $INJ
Injective is a Layer 1 blockchain designed to power NEXT-GEN DeFi applications. It encompasses lending protocols, prediction markets, decentralized spot and derivative exchanges, and .INJ domains for dApps within its ecosystem. #Injective offers extremely advanced modules for financial infrastructure and provides an easy environment for building new projects. Core features include:
A fully decentralized on-chain order book.Cross-chain transactions.An open, interoperable smart contracts platform.

Additional statistics for Injective Protocol include a block time of 0.8 seconds, an average transaction cost of $0.01, and over 295 million on-chain transactions with 47 million blocks produced.
AZERO - Aleph Zero:
Aleph Zero is a privacy-enhancing public blockchain that utilizes DAG (Directed Acyclic Graph) technology for efficient and decentralized transactions. It offers fast validation times and is customizable for business solutions.

Aleph Zero introduces privacy ledgers, zero-knowledge proofs, and secure multi-party computation. Key features encompass:
The ability to build web3 apps at Aleph Zero that are as fast as legacy solutions.Secure, low-cost transactions, with a 0.9-second finality time and an average cost per transaction of just $0.0003.A network with 129 mainnet validators and a Rust-based WASM programming environment.
SUI Network: $SUI
SUI is another Layer 1 blockchain that addresses scalability issues from the outset, rather than relying on Layer 2 solutions as seen with Ethereum. It is an innovative, decentralized blockchain redefining asset ownership. Notably, the developer of $SUI successfully raised $300 million in Series B funding, valuing the company at over $2 billion. Key statistics include:
A network with 100 globally distributed validators.Achieved peak throughput of nearly 300,000 TPS.A finality time of approximately 480 milliseconds.

These blockchain projects showcase diverse features and capabilities, making them noteworthy candidates for further exploration and investment in the evolving blockchain landscape.
KASPA:
KASPA is introduced as the world's first BlockDAG with a fair launch and premine, utilizing the #BlockDAG Kheavyhash Mining Algorithm. Kaspa is a decentralized platform with over 20 mining pools, and it is particularly well-suited for everyday transactions, scalable applications, and decentralized platforms.

Its main strengths lie in rapid transactions, scalability, and energy efficiency. Kaspa represents an open-source, decentralized, and fully scalable Layer-1 solution.
Kas block time is 1 per sec 300 in mainnet and now Reached 3000 in Testnet.Proof of Work & BlockDAG
Ending thoughts:
In today's blockchain ecosystem, numerous #Layer1 networks and Layer-2 protocols exist. All of the projects mentioned above have been successfully launched and are performing well. I anticipate similar success from the EXZO Network; however, it is crucial to conduct your own research (DYOR) before investing in any project.
I hope you find this article helpful and consider it a valuable resource when studying new #blockchain projects, especially those focused on network interoperability and cross-chain solutions.