The problem of scalability is one of the main reasons why blockchain technology is not yet widespread. Scalability refers to the ability of a blockchain network to handle an increasing number of transactions. So far, most blockchains are not capable of competing with Visa, MasterCard, or Paypal. However, several teams have succeeded in building superfast blockchains. These blockchain tokens can be purchased at https://alligat0r.com/.
The Cosmos team is working on the development of the “Blockchain Internet.” The goal of Cosmos is to unite different blockchains into a single ecosystem. This will make it easier to transfer digital assets from one network to another.
At the same time, the project team provides access to a set of special software tools. They allow developers to create their own blockchains. Each is managed independently, but can interact with other members of the Cosmos ecosystem.
Hedera Hashgraph is a decentralized platform for running payment solutions, dApps, and smart contracts. The project was launched in 2015 under the leadership of American mathematician Limon Baird. The company is governed by a governing board of 23 major global companies. Among them are Google, IBM, Boeing, LG, and others. Consensus at Hedera Hashgraph is achieved through the Gossip protocol. Projects based on the platform include IOTA, Byteball, and Tangle.
NEO is a Chinese open-source blockchain platform for running dApps. Users often refer to NEO as the “Chinese Ethereum.” The project was founded in 2014 and was originally called Antshares. Later, in 2017, the project was renamed NEO, and the team focused on developing smart contracts for this network. NEO’s global mission is to create a “smart economy” based on blockchain, decentralization, and smart contracts.
Fleta is a South Korean blockchain platform for launching dApps and new tokens. Work on the project began in 2018, and the main network was launched in 2019. Fleta runs on a consensus algorithm of its own design. Here, the role of miners is played by formulators; they generate new blocks. Their work is monitored by observers; they prevent DoS and DDoS attacks and maintain network security.
Komodo is a modular, open-source blockchain system launched in 2016. The Komodo team also supports AtomicDEX, a mobile app for cryptocurrency trading. The developers of the project were among the first to develop and implement atomic swaps.
Everscale is a decentralized blockchain network and platform built on the Telegram Open Network (TON) protocol. It is better known as Free TON. In November 2021, the project’s governing board approved a proposal to rebrand it as Everscale. The rebranding is about the team’s desire to get rid of associations with TON and the restrictions imposed by it.
Aleph Zero is a public blockchain project specializing in private smart contracts. The project has been in operation since 2018. During that time, it has raised $14.8 million in venture capital investments. In November 2021, the Aleph Zero team launched the core network. Information about this and other projects is available at https://alligat0r.com/coin-pairs/eos/cad/info.
Solana is a blockchain platform for launching dApps and smart contracts, operating since 2017. The core network is still not up and running. But there are over 350 projects running on Solana.
UMI is an ultra-fast payment network, where there are no commissions and transactions are processed instantly. Due to this, an innovative DeFi platform, UMI OneApp, will be launched based on the UMI blockchain. This is a single ecosystem, where absolutely all DeFi products will be represented.