Do You Know About India’s 1st Layer 1 Blockchain ? : World’s Fastest Blockchain Meta Tech :
About India’s 1st Layer 1 Blockchain : Meta Tech Coin BLOCKCHAIN 3.0 Is 10,00,000 Transactions Per Second With Lowest Gas Fees 0.000004$.
A Layer-1 blockchain validates and supports their own network without requiring support from another network and reimburses transaction fees with cryptocurrencies.
Discover 23 Layer 1 Blockchains (L1s) across the most popular web3 ecosystems with Alchemy’s Dapp Store. Also explore related collections including Layer 1 Blockchains (L1s), Sidechains, Testnets. Is your project missing from the list? Submit your project to Alchemy’s list of Layer 1 Blockchains (L1s) and we’ll review it!
List of Layer-1 Cryptos :
METATECH (MTC) :
METATECH is well-versed in the blockchain trilemma, METATECH LAYER 1 BLOCKCHAIN is 1,42,857 TIMES FASTER THAN BITCOIN, 33,333 TIMES FASTER THAN ETHEREUM, 200 TIMES FASTER THAN SOLANA. Meta Tech Coin BLOCKCHAIN 3.0 Is 10,000,00 Transactions Per Second With Lowest Gas Fees 0.000004$. Today, there are various cryptocurrencies and blockchain platforms.
TPS — Transactions per Second | TF — Transaction Finality : MetaTech Coin — 10,00,000 TPS. | 1.2 Sec.
Bitcoin (BTC) :
Bitcoin is probably the most popular Layer-1 project.
Bitcoin has a few Layer-2 projects built upon its network such as the Lightning network and Liquid Network.
Bitcoin operates on a proof-of-work mechanism and has a TPS ( transaction per second) time of 7 TPS which is rather slow as compared to VISA that stands at 24,000TPS.
By comparison, the Bitcoin Lightning Network is able to process up to 1,000,000 TPS. This shows the potential of having a Layer-2 protocol on the base layer of Bitcoin.
Ethereum (ETH) :
If Bitcoin is the winner, Ethereum would be the runner up.
Ethereum is considered to be the first smart contract platform. This is mainly because of EVM (Ethereum Virtual Machine) which is a decentralized computer that developers interact with to create smart contracts. Most projects launched are now EVM compatible which include Avalanche (AVL) and Binance Smart Chain (BNB).
Due to its compatibility, decentralization and strong ecosystem, Ethereum is a popular choice for developers to create new projects on the blockchain.
Some Layer-2 protocols on the Ethereum blockchain include Polygon(MATIC), OMG Network (OMG) and Skale (SKL).
Solana (SOL) :
Solana is like a faster version of Ethereum.
It uses a unique consensus mechanism known as proof-of-history which uses timestamps on the blockchain. This makes Solana one of the most high performing and efficient blockchains till date. It’s great as a smart contracts platform.
Solana benefited from the scaling issue Ethereum and Bitcoin had by improvising from the early joiners.
Polkadot (DOT) :
Polkadot is an open sourced blockchain. It allows different blockchains to be interconnected using parachains. It also uses a shared security system. This allows the network to leave out the use of validators and miners for security.
Avalanche (AVAX) :
Avalanche is also compatible with EVM. It uses a C-chain as a proprietary network chain. This makes Avalanche versatile for developers who keep the C-chain in mind when creating smart contracts.
Celo (CELO) :
Celo is on a mission to help the public adopt the use of cryptocurrencies. They are doing this by making bitcoin transactions available to smartphone users globally. Phone numbers are used as public keys.
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