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EVM-compatible Layer-2 on Ethereum [7] [8] StarkNet? StarkWare: STRK ZK-rollup: Yes Layer-2 on Ethereum [10] Polygon zkEVM ? Polygon Technology: ETH ZK-rollup: Yes zkEVM-compatible Layer-2 on Ethereum Ethereum Classic: Jul 20, 2016 ETC PoW: Yes No No Split from Ethereum due to The DAO hack earlier that month [1] Bitcoin Cash: Aug 1, 2017 BCH ...
[1] In January 2024, Polygon announced a new protocol called AggLayer that aims to aggregate zero-knowledge proofs ( ZK-proofs ) from multiple blockchains and allow developers to connect layer 1 and 2 blockchains to merge them into a single network.
Layer 2 blockchains are often more experimental, next generation protocols typically focused on scaling while deriving security and decentralization from one or multiple Layer 1 blockchains.
Lightweight blockchains, or simplified blockchains, are more suitable for internet of things (IoT) applications than conventional blockchains. [142] One experiment suggested that a lightweight blockchain-based network could accommodate up to 1.34 million authentication processes every second, which could be sufficient for resource-constrained ...
Avalanche is a decentralized, open-source Layer-1 blockchain that uniquely combines a tri-chain architecture (C-Chain, P-Chain, and X-Chain) with customizable Layer-1 networks (formerly known as “Subnets”), enabling diverse applications and sovereign blockchains within its ecosystem. [1] It was developed by Ava Labs and launched in 2020.
Within the Cardano platform, Ada exists on the settlement layer. This layer keeps track of transactions. The second layer is the computation layer and is designed to be similar to Ethereum, enabling smart contracts and applications to run on the platform. [22] Like other cryptocurrencies, Ada (ADA) can be stored on a digital wallet.
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A key aspect of privacy in blockchains is the use of private and public keys.Blockchain systems use asymmetric cryptography to secure transactions between users. [7] In these systems, each user has a public and private key. [7]