Blockchains come in many forms, each solving different problems. Layer 1 blockchains (L1s) like Ethereum, Solana, and Avalanche handle transactions and smart contracts. Some focus on speed, like Aptos and Hedera, while others, like Cosmos and Polkadot, connect multiple networks. Layer 2 solutions (L2s), such as Arbitrum and Optimism, reduce congestion by processing transactions off-chain. Layer 3 blockchains (L3s) take it further, offering specialized rollups for gaming, DeFi, and business needs. Moving assets between blockchains? Cross-chain bridges like Wormhole and Synapse make it happen. Choosing the right network means better security, speed, and flexibility.
The blockchain space is clouded by many weaknesses, all causing a significant decline in service efficiency. From extreme gas charges in networks like Ethereum and Bitcoin to slow transaction speeds and low scalability in the same chains, blockchains, and their users have been suffering. Furthermore, ever since the early days of blockchain, there have been ...
Taraxa is a cutting-edge blockchain network designed to elevate businesses’ credibility and reputation. This network achieves this massive feat by ensuring the integrity of informal transactional data. Informal transaction data includes records of trades or transactions not featured within the structured systems of legal documents and hence not verifiable. Taraxa takes the reins by simply ...
One of the biggest problems clouding the world of blockchain technology is the lack of scalability. Super large blockchain networks like Ethereum and Bitcoin suffer serious scalability issues, which seem to increase with new tokens and projects. However, the Shardeum blockchain is bringing a new solution to blockchain scalability. Key Takeaways: What is Shardeum Blockchain? ...
Scalability, interoperability, privacy – those are the three most primary challenges affecting blockchain technology this far. But what if I told you that there is already a solution for all these challenges? Enter Polyhedra Network— The ZKP powered tool fostering blockchain interoperability. Key Takeaways What is The Polyhedra Network? Launched in 2023, Polyhedra emerged as ...
