Inventory of 11 upcoming L1 and L0 potential stocks
Compilation of the original text: Deep Tide TechFlow
Compilation of the original text: Deep Tide TechFlow
Many of the best layer 1 blockchains are coming in this upcoming cycle. They may rise 30-60 times in the next bull market. They could be the next $SOL or $ADA, here are the 11 upcoming L0/L1's I'm most excited about.
Aleo
Aleo is like"A Child of Ethereum and Zcash". It is a layer-1 blockchain platform that uses zero-knowledge cryptography to enable privacy applications.
It has 3 main advantages:
1. POS without environmental pollution
2. Maximize permissionlessness and incentivize optimal validator behavior
3. Balancing privacy and transparency through the use of SNARKs
Shardeum
Shardeum is a sharded blockchain compatible with the Ethereum Virtual Machine (EVM), featuring:
A) "Unlimited" scalability
B) Highly decentralized
C) Security
It is the world's first layer-1 blockchain that combines sharding and autoscaling to provide high throughput, low latency, and instant finality.
Sui
Sui is a permissionless, PoS layer-1 blockchain designed by ex-Meta (ex-Facebook) engineers.
Sui is a direct competitor to Aptos, as both were founded by former Meta employees who worked on Facebook's failed project DIEM (Libra). Both Sui and Aptos use the Rust-based programming language Move, though Sui's version is slightly modified.
What makes Aptos different is its Block-STM execution engine, which allows multiple transactions to be processed simultaneously.
And Sui uses Narwhal and Tusk, a DAG-based mempool.
Both are ultra-high TPS L1 blockchains that seek to find scalability solutions on top of their base layer.
Fuel Labs
Blockchain technology is moving away from a monolithic architecture where execution, data availability, and consensus are all intertwined. Fuel is trying to be the fastest execution layer for modular blockchain stack development.
Fuel's technology stack has three core pillars for maximum security and highest flexible throughput:
1. Parallel transactions
2.Fuel virtual machine
3. Sway language
Because the execution layer, consensus layer, settlement layer, and data layer are all combined in a single layer 1, the overall amount of bandwidth is limited. Modular blockchains consist of modular execution layers that better leverage the availability of shared data.
5 ireChain
A blockchain ecosystem based on the United Nations Sustainable Development Goals and one of the fastest growing unicorns in India.
Blockchain leverages PoS consensus to economically incentivize and reward participants to bring about:
• Sustainability
• technology
• Innovation
Celestia
They allow anyone to quickly deploy their own blockchain without bootstrapping a new consensus network.
How? By decoupling the consensus layer from the execution layer.
They mainly have four main advantages:
1. Deploy the blockchain as easily as a smart contract.
2. Simplify scaling through data availability.
3. Secure interoperability of all Celestia chains.
4. Developers can choose their own execution environment.
Subspace
This is a new blockchain, driven by Proof-of-Archival-Storage (PoAS) consensus, which provides a permanent, scalable, decentralized storage solution.
Its main features are:
- Complete decentralization
- Separate smart contracts
- Distributed archive storage
- True interoperability
- No compromise on scalability to solve the trilemma
- Free and fair consensus
Sei Network
Sei Network is an industry-specific layer-1 blockchain dedicated to transactions. It promises lightning-fast transactions in 600 milliseconds, at 22,000 orders per second. It will have an on-chain order book, allowing smart contracts to access shared liquidity.
Features:
High security, tested Cosmos SDK and Tendermint core.
Massive scalability, supporting large exchanges - the Nasdaq of cryptocurrencies.
Native order matching specifically for exchanges.
Lightning-fast transactions, 5x faster than Solana.
Bringing new financial products, such as complex options/futures.
Exchange-specific, exchanges do not have to deal with the shortcomings of other L1 protocols with SEI.
ParallelChain
It powers two layer-one blockchain platforms.
ParallelChain Privacy:A commercially-native licensing platform that supports market-ready software built for specific business purposes.
ParallelChain mainnet:An open source blockchain platform where developers can build and deploy decentralized applications using smart contracts.
ParallelChain natively supports Turing-complete smart contracts written in developer-friendly languages such as Rust and GO.
Core functions:
ParallelBFT protocol + top sharding.
Proof of invariance (repeated, without sacrificing privacy).
Rust, Go WASM smart contracts.
Further scaling (80,000 tps).
Open commission.
Three-layer node operating system.
Quai Network
Quai Network is a proof-of-work (PoW) layer-1 scaling solution. It interweaves multiple blockchains to achieve scalability without sacrificing security and decentralization.
Core features:
• Proof of Work 2.0,It adopts a novel PoW 2.0 mechanism, which uses sharding to divide a blockchain into many small blockchains to improve performance.
Quai built a blockchain network using merged mining. Its parent chain (Prime chain) protects other chains. Because the Quai network is horizontally scalable, more chains can be added to the system to increase overall throughput.
• Multi-chain architecture,Quai Network consists of 13 chains, among which the Prime chain is the most important but the most difficult to mine, and the Zone chain is the easiest to mine.
Miners typically mine Prime and one other chain, and Prime is the basis for all Quai operations.
LayerZero
This is a universal chain interoperability protocol, which serves as the infrastructure layer connecting all contracts on the chain.
It enables a new level of functionality and composability for cross-chain communication through its primary messaging primitive.
With LayerZero, applications have full control over their security parameters, including the ability to choose their own:
- Block confirmation
- verify
- repeater
- Oracle
- library
How to get access to all these unissued blockchains?
a) Participate in testnets (node, development, bughunt).
b) Invest in projects built on top of its ecosystem.
c) Airdrops, ICOs, giveaways.
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