Last time we talked about a few different blockchains to keep an eye on. Today we’ll go over a few more.
First on our list, and in no particular order is Waves. This project is based in Russia and was once the fastest blockchain on the block. Being a hybrid proof-of-stake protocol, transaction speeds were quick, usually settling within a few seconds.
Waves also helped usher in a wave of DeFi products like stablecoins and staking and yield mechanisms. They held an ICO in 2016 and raised over $16m at the time. Since then they’ve really held their own and continued to push the space in order promote decentralized technologies.
The blockchain has smart contracts, staking opportunities and a growing community of developers building on top it. While a bit of an “OG” in the crypto space, these guys deserve a shout out.
Fantom is permissionless blockchain built to be compatible with the Ethereum Virtual Machine (EVM). It’s a fairly new blockchain however they’ve made inroads into some unique and lucrative markets that should see the network grow over time.
Anyone use to using the Ethereum network will have no issues navigating and sending transactions on Fantom. It’s widely considered as having huge amount of potential in the race of decentralized protocols that cater to consumers needing small transaction costs and quick confirmation times.
Similar to Binance Smart Chain, Fantom has the advantage in that it’s truly decentralized versus BSC. As mentioned in an earlier article, BSC is controlled by a handful of centralized nodes where Fantom’s claim to fame is it’s truly decentralized.
Solana is currently the fastest blockchain in the world with the protocol being able to handle over 50,000 transactions per second. Founded in 2017, Solana is a mixed proof-of-history and proof-of-stake protocol designed for high throughput, or in other words — a lot of transactions.
As a matter of fact, the speed of the blockchain is so fast that it’s been a popular choice among game developers. One such game is called Star Atlas and is set to launch next year. The game will combine various technologies like staking, farming, NFTs and smart contracts and allows players to profit and earn income.
Solana is another great blockchain for people who like fast confirmation times and cheap transactions… but that should be everyone, right?
We’ll continue to see these blockchains take on more bandwidth and network effect as people start to understand the depth of these technologies. Though some of these concepts seem difficult to wrap your head around, they will prove to be extremely valuable as we progress and look to improve on tech.