Best Layer 1 Protocols for Cloud

Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system. Bitcoin transactions are secured by mathematics and energy. Cryptographic signatures prevent other people from spending your money. Energy spent by proof of work (PoW) prevents other people from undoing, rearranging or losing your transactions. So long as you take the required steps to protect your wallet, Bitcoin can give you control over your money and a strong level of protection against many types of fraud.

GAYA Blockchain is the UAE’s first Layer-1 blockchain, aiming to unify gaming, social, DeFi, NFT, and real-world asset ecosystems on a single, eco-conscious platform. It uses a Proof-of-Stake consensus mechanism and is EVM-compatible, enabling developers to deploy smart contracts and leverage familiar tooling. Its architecture includes a “Cell-As-A-Service (CAAS)” data structure for efficient serialization and propagation. The Gaya Wallet serves as a multichain, non-custodial gateway to the ecosystem, offering fiat on/off ramps, in-app swaps, staking, and a gamified XP system that rewards engagement and may boost airdrop eligibility. GAYA token (GAYA) is the native utility token; it will be used for transaction fees, staking, governance through a DAO, ecosystem incentives, and in-app transactions. The economic model includes a dynamic gas mechanism with partial fee burns to introduce deflationary pressure, and carefully structured tokenomics with vesting schedules.

The First Blockchain Built for GameFi and Metaverse. Vision expects to create a high-performance, interoperability, scalability, and high security metaverse space, to lower the threshold for users to enter it. Evolved from PoS, the protocol is the culmination of tireless effort. The VPoS network is composed of worldwide and independent validator nodes, with Very high safety factor, make it convenient login, difficult to attack. Transactions on Vision are finalized in seconds and cost little. Vision is compatible with EVM, helping users deploy and run their Ethereum dApps on Vision easily. Vision is fully compatible with Ethereum. Deploy your dApps at a fraction of the cost and experiment with Vision’s high performance. Vision code is completely open source. Everyone can read it, check on the progress, comment on it, and help us build the ecosystem. Vision Metaverse Go! Creator is a content creation-focused, scripted, component-based and data-driven game development tool.

Qtum is an open-sourced public blockchain platform, leveraging the security of UTXO while enabling multiple virtual machines including EVM. Qtum is PoS based and boasts a Decentralized Governance Protocol (DGP) allowing specific blockchain settings to be modified by making use of smart contracts. For instance, the block size of Qtum can be increased without the need for a hard fork. Qtum provides a standardized, stable, and safe development environment for smart contracts, enabling business-friendly smart contract coding, deploying, and executing. Qtum is also a decentralized application platform, compatible with existing blockchain infrastructure, and is modularized so new technology can always be added. There is a full spectrum of crypto wallets supporting Qtum, that meet the needs of different users. Qtum also provides mature development resources for blockchain and app development.

Dogecoin is an open-source peer-to-peer digital currency, favored by Shiba Inus worldwide. You have to sync with the blockchain to use Dogecoin. MultiDoge is a "light" wallet. It syncs with the blockchain by "skimming" through the blockchain, providing fast sync times. Dogecoin Core, on the other hand, is a "full" wallet. It syncs by downloading it, providing a solid-working Dogecoin wallet. Dogecoin sets itself apart from other digital currencies with an amazing, vibrant community made up of friendly folks just like you. "Doge" is our fun, friendly mascot! The Shiba Inu is a Japanese breed of dog that was popularized as an online meme and represents Dogecoin. A Wallet is used for holding your Dogecoins directly on your computer/smartphone. There are numerous amounts of ways to get Dogecoin. You can buy them, trade for them, get tipped, "mine" them, and more. They are surprisingly endless!

Obyte is a distributed ledger based on the directed acyclic graph (DAG). Unlike centralized ledgers and blockchains, access to the Obyte ledger is decentralized, disintermediated, free (as in freedom), equal, and open. Use Bonded Stablecoins website to issue stablecoins pegged to USD or BTC, or create new stablecoins pegged to any other asset or index. Stable+ coins that programmatically appreciate in value, you can earn interest by holding them (e.g. 16% p.a. in USD). Governance tokens whose value grows as more stable+ coins are issued. Use ODEX decentralized exchange or Oswap automated market maker to trade tokens issued on Obyte against each other. ODEX uses off-chain order matching and is as fast as a centralized exchange. Oswap allows to provide liquidity and earn fees from every trade. Obyte allows you to do something that traditional currencies can't: conditional payments. You set a condition when the payee receives the money.

At Aptos Labs we are building a Layer 1 for everyone. Develop applications for the Aptos Blockchain, run nodes, and be a part of the blossoming Aptos community. When an Aptos Blockchain client submits a transaction, they are requesting that the ledger state be updated with their transaction. Generate, submit and verify a transaction to the Aptos Blockchain. Write your first Move Module for the Aptos Blockchain. Deploy your first coin on the Aptos Blockchain. Learn how to build your first dapp. Each Aptos account has a unique account address. The owner of that account holds the public, and private key pair that maps to the Aptos account address and, in turn, the authentication key stored in that account. Aptos provides a REST API for interacting with the blockchain. Scan transactions and accounts on the network. Retrieve the ledger data from the FullNode, including account and account resource data.

DERO is a general-purpose, private, and scalable decentralized application platform that allows developers to deploy powerful and unstoppable applications, while users retain total control over their assets with complete privacy. Account balances and data are never decrypted by the blockchain. Only account owners can decrypt and access their data. Welcome to a new data privacy paradigm. DERO has been developed from scratch in Golang and is being actively developed by the original developers. It is not a fork of any other coin. DERO is a homomorphically encrypted protocol that can serve individuals and businesses worldwide, with fast and anonymous transactions, smart contracts, and service models. The DERO Project has created a platform for developers to deploy secure, open, scalable, and privacy-preserving decentralized applications. DERO is unique because we value security and privacy above all else.

A new blockchain and smart transaction platform that is easier to use, more efficient, and secure. We believe that cryptocurrency should be easier to use than cash, harder to lose, and nearly impossible to steal. Anyone who wants to validate transactions should be able to farm without single-use hardware or a big electricity bill. Chia Network develops a blockchain and smart transaction platform created by the inventor of BitTorrent, Bram Cohen. It implements the first new Nakamoto consensus algorithm since Bitcoin in 2008. Proofs of Space and Time replace energy intensive “proofs of work.” Chialisp is Chia’s new on chain programming language that is powerful, easy to audit, and secure. It will make cryptocurrency easier to use than cash. Reference smart transactions currently available are: Colored coins, rate-limited wallets, and distributed identity wallets.