# TL;DR 👀

<mark style="color:purple;">**Binance**</mark>

<mark style="color:purple;">Binance is home to the BNB Chain, a layer-1 blockchain hosting a suite of decentralized applications (dApps) that are fueled by Binance's BNB cryptocurrency</mark>

<mark style="color:purple;">**NEAR**</mark>&#x20;

<mark style="color:purple;">Near Protocol is a proof-of-stake layer-1 blockchain that uses sharding technology to achieve scalability</mark>

<mark style="color:purple;">**Solana**</mark>

<mark style="color:purple;">Solana is a highly functional open source project that implements a new, permissionless and high-speed layer-1 blockchain that aims to solve the blockchain trilemma</mark>

<mark style="color:purple;">**Fantom**</mark>&#x20;

<mark style="color:purple;">Fantom is a decentralized, permissionless, open-source smart contract platform for decentralized applications (dApps) and digital assets</mark>&#x20;

<mark style="color:purple;">**Polygon**</mark>

<mark style="color:purple;">Polygon is a stack of protocols that provides an easy framework for new and existing blockchain projects to build on Ethereum without scalability issues</mark>

<mark style="color:purple;">**Cardano**</mark>&#x20;

<mark style="color:purple;">Cardano is a decentralized proof-of-stake blockchain that focuses on scalability, interoperability, sustainability, growing costs, energy use, and fast transaction times.</mark>

<mark style="color:purple;">**Polkadot**</mark>&#x20;

<mark style="color:purple;">Polkadot is a proof-of-authority blockchain that operates differently from the Ethereum network in its drive to become a heterogeneous blockchain network by using parachains and parathreads, which link to the main Polkadot Relay Chain</mark>

<mark style="color:purple;">**Cosmos**</mark>&#x20;

<mark style="color:purple;">Cosmos, which bills itself as the internet of blockchains, is a decentralized network of independent yet interoperable blockchains that are able to exchange information and tokens between each other permissionlessly</mark>

<mark style="color:purple;">**Harmony**</mark>&#x20;

<mark style="color:purple;">Harmony (ONE) is a blockchain-based platform that aims to address the conundrum of achieving both scalability and decentralization without sacrificing either.</mark>

<mark style="color:purple;">**Cronos**</mark>&#x20;

<mark style="color:purple;">Cronos is an Ethereum Virtual Machine (EVM)-compatible chain with added support for IBC (Inter-Blockchain Communications) networks based on the Cosmos SDK</mark>

<mark style="color:purple;">**Optimism**</mark>&#x20;

<mark style="color:purple;">Optimism is a layer 2 that speeds up Ethereum transactions and cuts their costs by settling them on another blockchain using advanced data compression techniques called 'optimistic rollups'</mark>

<mark style="color:purple;">**Terra**</mark>

<mark style="color:purple;">Terra is a layer-1 blockchain with a dramatic history, aiming to build a decentralized finance (DeFi) ecosystem around its native stablecoin, UST</mark>

<mark style="color:purple;">The idea failed, however, when UST depegged, sending the Terra blockchain spiraling, losing billions of dollars of value</mark>

<mark style="color:purple;">Terra 2.0 has since launched as a rework of its predecessor, focusing on standard proof-of-stake fundamentals to secure its blockchain</mark>

<mark style="color:purple;">**Who Will Win the L1 Wars?**</mark>

<mark style="color:purple;">NEAR, Solana and Fantom are all top competitors for the layer-1 blockchain competition behind Ethereum.</mark>&#x20;

<mark style="color:purple;">Other blockchains like Cardano, Avalanche and Tron are also top contenders in the layer-1 race.</mark>

<img src="https://181307839-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQWxBoBbfE8PwrCzRwvFS%2Fuploads%2F7ZlKKfJqfb3OcozWfVmy%2FSEEDBLACK%20copy%203.png?alt=media&#x26;token=ac490488-e6c3-403b-85ed-b25e9da53993" alt="" data-size="line">

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<summary><mark style="color:yellow;">References</mark></summary>

[<mark style="color:purple;">https://cointelegraph.com/altcoins-for-beginners/a-beginners-guide-to-the-bnb-chain-the-evolution-of-the-binance-smart-chain</mark>](https://cointelegraph.com/altcoins-for-beginners/a-beginners-guide-to-the-bnb-chain-the-evolution-of-the-binance-smart-chain)

[<mark style="color:purple;">https://www.gemini.com/cryptopedia/near-protocol-near-token-near-crypto-blockchain</mark>](https://www.gemini.com/cryptopedia/near-protocol-near-token-near-crypto-blockchain)

[<mark style="color:purple;">https://academy.binance.com/en/articles/what-is-near-protocol-near</mark>](https://academy.binance.com/en/articles/what-is-near-protocol-near)

[<mark style="color:purple;">https://www.forbes.com/advisor/investing/cryptocurrency/what-is-solana/</mark>](https://www.forbes.com/advisor/investing/cryptocurrency/what-is-solana/)

[<mark style="color:purple;">https://www.forbes.com/advisor/investing/cryptocurrency/what-is-solana/</mark>](https://www.forbes.com/advisor/investing/cryptocurrency/what-is-solana/)

[<mark style="color:purple;">https://www.gemini.com/cryptopedia/fantom-wallet-fantom-crypto-ftm-token</mark>](https://www.gemini.com/cryptopedia/fantom-wallet-fantom-crypto-ftm-token)

[<mark style="color:purple;">https://fantom.foundation/</mark>](https://fantom.foundation/)

[<mark style="color:purple;">https://decrypt.co/resources/what-is-fantom-the-fast-blockchain-taking-on-ethereum</mark>](https://decrypt.co/resources/what-is-fantom-the-fast-blockchain-taking-on-ethereum)

[<mark style="color:purple;">https://www.coinbase.com/learn/crypto-basics/what-is-polygon</mark>](https://www.coinbase.com/learn/crypto-basics/what-is-polygon)

[<mark style="color:purple;">https://cointelegraph.com/blockchain-for-beginners/polygon-blockchain-explained-a-beginners-guide-to-matic</mark>](https://cointelegraph.com/blockchain-for-beginners/polygon-blockchain-explained-a-beginners-guide-to-matic)

[<mark style="color:purple;">https://www.investopedia.com/cardano-definition-4683961</mark>](https://www.investopedia.com/cardano-definition-4683961)

[<mark style="color:purple;">https://forkast.news/what-is-polkadot-parachain-hottest-chain/</mark>](https://forkast.news/what-is-polkadot-parachain-hottest-chain/)

[<mark style="color:purple;">https://forkast.news/what-is-cosmos-the-internet-of-blockchains/</mark>](https://forkast.news/what-is-cosmos-the-internet-of-blockchains/)

[<mark style="color:purple;">https://cointelegraph.com/blockchain-for-beginners/what-is-cosmos-a-beginners-guide-to-the-internet-of-blockchains</mark>](https://cointelegraph.com/blockchain-for-beginners/what-is-cosmos-a-beginners-guide-to-the-internet-of-blockchains)

[<mark style="color:purple;">https://decrypt.co/resources/what-is-harmony-the-blockchain-using-randomness-to-reinforce-proof-of-stake</mark>](https://decrypt.co/resources/what-is-harmony-the-blockchain-using-randomness-to-reinforce-proof-of-stake)

[<mark style="color:purple;">https://cointelegraph.com/explained/what-is-harmony-one-blockchain-and-why-it-is-getting-so-much-traction</mark>](https://cointelegraph.com/explained/what-is-harmony-one-blockchain-and-why-it-is-getting-so-much-traction)

[<mark style="color:purple;">https://finbold.com/guide/what-is-cronos/</mark>](https://finbold.com/guide/what-is-cronos/)

[<mark style="color:purple;">https://decrypt.co/resources/what-is-optimism-using-rollups-to-help-scale-ethereum</mark>](https://decrypt.co/resources/what-is-optimism-using-rollups-to-help-scale-ethereum)

[<mark style="color:purple;">https://hackernoon.com/what-happened-to-terra-luna</mark>](https://hackernoon.com/what-happened-to-terra-luna)

[<mark style="color:purple;">https://cointelegraph.com/blockchain-for-beginners/terra-luna-beginners-guide-to-the-blockchain-for-stablecoins</mark>](https://cointelegraph.com/blockchain-for-beginners/terra-luna-beginners-guide-to-the-blockchain-for-stablecoins)

[<mark style="color:purple;">https://phemex.com/academy/near-protocol-vs-solana-sol-vs-fantom-ftm</mark>](https://phemex.com/academy/near-protocol-vs-solana-sol-vs-fantom-ftm)

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