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3 Blockchains You Might Not Know About: Better than Bitcoin and Ethereum?

DATE POSTED:September 9, 2024

The rapid development of blockchain technology is so overwhelming that it's almost impossible to keep up with the latest advancements and new technologies emerging daily. If you're just starting out in this fascinating world, you might only be aware of the most popular projects and cryptocurrencies. However, let me tell you, that’s just the tip of the iceberg of a vast and fast-moving ecosystem.

\ The same goes for blockchains. Even some experienced users who frequently rely on this technology tend to use the most common ones like Bitcoin, Ethereum, or BNB Chain. However, many others offer better features and lower costs.

\ That’s why we’ve set out to show you 3 blockchains you might not know about and what their strengths are. Whether you’re a user, investor, or developer, you should consider these new possibilities the crypto ecosystem offers:

BASE

Base is a blockchain developed by Coinbase, one of the world’s most important exchanges, which acts as a layer 2 solution for Ethereum. This means that Base is built on top of Ethereum and aims to address issues like network congestion and high fees while maintaining Ethereum’s security.

\ The main benefits of Base include greater scalability, significantly reduced transaction costs, and easy integration with Ethereum's tools and resources. This allows developers to create applications more efficiently and accessibly, while users enjoy faster and more secure transactions. Additionally, being backed by Coinbase, Base has the support of one of the largest cryptocurrency platforms in the world, facilitating its mass adoption.

AVALANCHE

Avalanche is an open-source platform designed to create and execute decentralized applications (DApps) and enterprise-scale blockchain solutions, focusing on scalability and speed. Using a unique consensus mechanism, Avalanche enables transactions to be processed quickly and efficiently, offering a strong alternative to the limitations of previous blockchain networks. It’s also compatible with Ethereum and other chains, making interoperability easier and allowing developers to leverage known infrastructures to create new applications.

\ The main benefits of Avalanche include its high scalability, supporting a large volume of transactions without losing performance, and its low transaction cost due to off-chain processing. It also stands out for its flexibility in allowing the creation of custom blockchains and decentralized applications, making it an attractive option for developers and companies seeking efficient and secure blockchain solutions.

APTOS

Finally, let’s mention one of the blockchains that has seen significant growth recently: Aptos, a layer 1 blockchain that focuses on offering a highly scalable decentralized network. It uses the Move programming language, originally created by Meta, and is designed to bring decentralization to a massive scale, with the potential to serve billions of users. During its test phase, Aptos demonstrated impressive capabilities, processing up to 160,000 transactions per second, which has garnered great interest across the community.

\ The main benefits of Aptos include its high scalability and performance, enabling a large number of transactions to be processed quickly and securely. Its development is backed by an experienced team with backgrounds in previous blockchain projects like Diem, which increases confidence in its ability to provide a reliable platform. Additionally, the integration of advanced technologies like the Move language and its innovative BFT consensus mechanism further strengthens its position.

Conclusion

Blockchain technology can be used for different purposes. While some only seek to carry out their transactions in a decentralized way, others are looking to create DeFi applications and services for the community.

\ Whatever your case may be, learning about new alternatives can make your blockchain experience much easier and more efficient. If you stick with only the most popular blockchains, you will be missing out on endless opportunities to optimize your work or your investments.

\ Here we have only seen 3 alternatives such as Aptos, Avalanche and Base, but there are many more that we recommend you to know and investigate.