Top 5 Layer 1 Blockchains Competing With ETH

Layer 1 refers to the base blockchain network itself - the foundational protocol that handles the core operations of a blockchain. 

Following are Top 5 Layer 1 Blockchains Competing With ETH

What is Layer 1?

1. Solana Solana is a high-speed, low-cost blockchain designed for scalable decentralized applications & crypto projects.

BNB Chain Originally launched as Binance Smart Chain, BNB Chain is designed for high-performance smart contract execution & compatibility with Ethereum’s ecosystem via Ethereum Virtual Machine

Cardano Cardano uses a research-driven approach with Ouroboros, a Proof-of-Stake consensus, ensuring secure, sustainable, and efficient transaction processing.

Avalanche Avalanche offers a highly scalable platform with its unique subnet architecture, allowing for customized blockchains tailored to specific use cases.

Polkadot Polkadot differentiates itself with interoperability, enabling multiple blockchains (parachains) to connect and share data via its Relay Chain