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What are the Top 5 Layer-1 tokens going into 2023?

All Cryptocurrencies

by COINS NEWS 131 Views

My current list with reason:

  1. Ethereum - this should be obvious, Ethereum, the second-largest cryptocurrency by market capitalization, is the most popular and widely used smart contract platform. It has a large and active developer community that continues to dominate.
  2. Solana - Magic Eden. But in reality this high-performance blockchain aims to solve the scalability issues of Ethereum. It utilizes a new consensus mechanism called "Proof of Stake Time" (PoST) and a unique architecture that allows it to process up to 65,000 transactions per second.
  3. Atom - aims to create an ecosystem of connected blockchains. The Cosmos network utilizes the "Tendermint" consensus algorithm, which allows for fast and secure transactions.
  4. Tezos - my Dark Horse pick. Tezos is a self-amending blockchain that utilizes a unique governance model. This allows for the network to upgrade itself without the need for hard forks. Has been battle tested for some time now. (Recently selected by California to test DMV applications)
  5. Avalanche - a multi-chain platform that enables users to create and manage custom blockchains and digital assets. It utilizes a consensus mechanism called Avalanche-X that allows for fast and secure transactions, and it also supports interoperability between different chains (potential amazon partnership??)

Curious to hear what others think or if I'm missing something.

submitted by /u/Fickle-Jacket5943
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