Ethereum's three competitors?
For a long time, we consider Ethereum to be the real king of platforms using smart contracts. This opinion was formed due to the many developments, projects and applications built and working on the Ethereum platform.
But as we all know well, "nothing lasts forever under the moon." We see this in the attitude of the “grandfather” of Ethereum, in the exhausting pursuit of the unrestrained demand for decentralized applications. Large network load, increased gas charges, transaction delays and a bunch of associated user problems. Forced developers to think about alternatives to solve all these problems.
Today, Ethereum has many competitors and the functionality of some is in many ways superior to the “veteran”. This year, several such projects, especially encouraged by their prospects, attracted attention and caused a stir among users.
Much has already been written about Polkadot and there will be a lot more to come. As the platform team states, their journey is to build a robust platform for security, scalability and innovation.
More and more projects are facing the challenge of deployment when building a partner ecosystem and cross-blockchain interoperability. Therefore, there was an urgent need for a platform with interoperability.
Polkadot platform, a network protocol that makes it possible to transfer not only tokens, but any cross-blockchain transfer of data and assets. Both through permissionless public blockchains and authorized private blockchains.
Connecting to the platform gives you the ability to interact with multiple blockchains on the Polkadot network, enabling cross-ledger and computation, and to create any-to-any applications that retrieve data from a permitted private blockchain for use on the public chain.
Unlike many other platforms, Polkadot does not require a hard fork to update features and fix bugs. This allows Polkadot to easily integrate changes and update the platform as new features and technologies become available. A decentralized governance system in which all stakeholders have a say, and reflects community values, is networked and autonomous, allowing Polkadot to avoid stagnation.
Polkadot provides unprecedented economic scalability for transactions, utilizing an array of validators to secure and distribute transactions across multiple concurrent blockchains. Connecting to the Polkadot network, from day one, gives you interoperability and security.
Simplicity, accessibility, makes the Polkadot network especially in demand and helps to grow.
Blockchain technologies are already well known to all of us and we can say they have become everyday.
But since progress does not stand still and, apparently, in the near future, another technology in demand will be technology based on artificial intelligence. As we can easily assume, these two technologies will complement each other, and in the near future we will witness the emergence of a blockchain platform using artificial intelligence. And today, a platform has already appeared that masters the symbiosis of these two technologies.
Velas is a technology company led by a contrasting team of engineers, cryptographers, researchers, mathematicians and business leaders with a focus on victory and results. A team that considers its motto: " To improve the life of everyone by making advanced and breakthrough technologies more accessible ." By creating an ecosystem of decentralized, user-friendly and confidential products without compromising security and convenience.
As a basis for the construction of the Velas platform, the Solana code was used, which has undergone major modernization and modification changes in order to support the rapidly growing DApp ecosystem. Velas uses the AIDPOS artificial intelligence consensus engine to maximize a scalable DApps solution up to 50,000 TPS.
The recent move to the mainstream WEB 3.0 added a number of new features, support for synthetic assets, a new Velas Vault security engine, and the BitOrbit social media platform.
Hopefully Velas will be able to achieve its goal and create an ecosystem in demand among developers to support and develop applications.
QAN is a quantum resilient, hybrid blockchain platform ahead of its time for the next generation of decentralized applications (DApps).
Technological breakthroughs by companies such as IBM, Fujitsu and Google that have made significant advances in quantum computing have made quantum computers a reality. But with the advent of quantum computers, the ability to hack cryptocurrency systems, including SHA256 Bitcoin and KECCAK-256 Ethereum, will also become a reality. If this happens and hacking becomes possible, it will destroy these platforms, as well as others with a similar, outdated security system.
QAN is fundamentally different from Ethereum and many other platforms, as the QAN team has paid special attention to the experience of other developers. Having set the main goal to make it simple and accessible, even in the absence of experience, the creation of a DApp, literally in a matter of minutes.
QAN enables one-click installation on hardware, virtual architecture and cloud platforms. Also, thanks to the multilingual programming (C, C ++, Rust, etc.), it makes the creation of smart contracts and DApps much easier. As well as easy and convenient placement of your blockchain into an existing development environment, with connection to real data sources.
Free and open source, QAN blockchain guarantees transparency and flexibility for developers and enterprises alike. You decide how and where to store your information, on a separate blockchain or on a public blockchain QAN. Quantum security add-ons and unique QAN lattice cryptography will protect your transactions and data even from quantum attacks.
Unlike the public blockchain platform QAN, which has the ability to process 1600 transactions per second (TPS), the private platform has this figure several times higher and amounts to 97,000 TPS.
Apparently, this project has a demanded future.
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