Best Layer 1 Protocols in Canada

Hive has a thriving ecosystem of over 126 apps, communities & projects and is home to some of the most-used Web3 apps in the world, such as Splinterlands, PeakD and HiveBlog. Wallets are incredibly important to securely store your cryptocurrencies and to interact with Web3 apps. Hive has multiple community-owned and open-source wallets available for Windows, macOS, Linux, iOS, Android & Web. The development of Hive and its ecosystem is made possible by contributors. To incentivize crucial work, such as Core Development, a DAO-like structure: the Decentralized Hive Fund (DHF), is being leveraged to intelligently fund important work.

MultiversX (formerly Elrond) is a highly scalable, secure and decentralized blockchain network created to enable radically new applications, for users, businesses, society, and the new metaverse frontier. Scale across the Multiverse. Build new apps, new economies, new worlds. Sovereign blockchain module, and core blockchain applications. Deployable in minutes. Fully customizable. Including a great set of features and use cases for any creative, brand, or company. The portal to the Metaverse. The home of your avatar. Everything finance. A debit card. Friends, chat and social. Accessible to anyone, anywhere in the world. A world creation engine. A network of interoperable metaverses. The very first Metaverse planet of this new world.

Stellar makes it possible to create, send, and trade digital representations of all forms of money: dollars, pesos, bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network. Stellar's API and SDKs are ready to help you transform the world of finance, and the network’s currency connections could give even a small company the power and reach of an international bank. Leverage the many currency-backed tokens already on the Stellar network. Use Stellar's built-in decentralized exchange for crypto, forex, or securities. Users can swap between tokens using simple functions built into the protocol. Leverage the Stellar Disbursement Platform (SDP) to initiate and disburse bulk payments that move in real-time and settle instantly 24/7/365 with full certainty of funds delivery. Stellar has the documentation, tooling, and support to help you get your project up quickly.

Zano is an open source platform designed to provide a simple, efficient way to manage and monitor personal data and digital identity. It allows users to take control of their online presence by offering tools for secure file storage, communication, and access management. Zano emphasizes privacy and security, providing end-to-end encryption for sensitive data and ensuring that users' information is protected from unauthorized access. It is designed for individuals who are concerned about the security of their personal information and want to safeguard their digital identity in a user-friendly environment. Zano also includes features such as customizable privacy settings, enabling users to control who can access their data and how it is shared. By combining secure storage and communication tools, Zano provides a comprehensive solution for managing and protecting personal digital assets.

Polkadot is a blockchain network being built to enable Web 3.0, a decentralized and fair internet where users control their own data and markets prosper from network efficiency and security. Polkadot was founded in 2016 by Gavin Wood, former Co-Founder and CTO of Ethereum. Polkadot’s technology addresses the major issues that have stymied blockchain adoption in recent years. Polkadot’s software development toolkit, Substrate, created by Parity Technologies, makes it easy for blockchain developers to build their own custom, fit-for-use blockchains. Polkadot also enables multiple blockchains to communicate between each other, allows for easy upgradeability, and introduces “shared security”, a plug-and-play network security model that allows developers to focus on the technology and avoid spending time and resources recruiting a set of operators to run a new blockchain.

The Builder’s fastest path to market, NEAR is an open source platform that accelerates the development of decentralized applications. Building the tools to enable community-driven innovation that benefits people around the world. Near Inc is building NEAR, a new application platform designed to bring blockchain to wide variety of mainstream applications. Focusing on developer and end user experience, NEAR is high performance infrastructure that real people can use. NEAR is a decentralized application platform that is secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people, putting the power of the Open Web in their hands. NEAR’s token economy is built around the NEAR token, a unit of value on the platform that enables token holders to use applications on NEAR, participate in network governance, and earn token rewards by staking to the network.

Kava is a DeFi platform for decentralized lending and stablecoins compatible with major cryptocurrencies. It owns a cross-chain that offers guaranteed loans and stablecoins to users of the main crypto assets, including BTC, XRP, BNB or ATOM, among others. Users can guarantee their cryptocurrencies in exchange for USDX, Kava's stablecoin. Two types of tokens can be found on the platform, the KAVA coin and the USDX stablecoin. KAVA is the native token of the blockchain and is comprehensive in the security, governance, and mechanical functions of the platform. A highly scalable and secure Cosmos SDK blockchain that connects Kava to the 30 chains and $60B+ of the Cosmos ecosystem via the IBC protocol. An EVM-compatible execution environment that empowers Solidity developers and their dApps to benefit from the scalability and security of the Kava Network. With single-block finality and unrivaled scalability, Tendermint Consensus enables Kava to support your transaction needs.

Technology that enables frictionless finance. We are the technology company that built and developed the world’s first open, permissionless, pure proof-of-stake blockchain protocol that, without forking, provides the necessary security, scalability, and decentralization needed for today’s economy. With an award-winning team, we enable traditional finance and decentralized financial businesses to embrace the world of frictionless finance. Advanced technology paving the way for sophisticated applications. Comprehensive smart contract capabilities enable DeFi solutions and dApps that can scale to billions of users, tens of millions of daily transactions, with negligible transaction fees. Algorand Standard Assets are standard blockchain assets with customizable options, directly in Layer-1. Secure transfers and immediate transaction settlement for multiparty transactions built in Layer-1. Enabling enterprise to embrace decentralized finance.

The world's first trading chain, a decentralized, borderless, blockchain-based ecosystem for exchanging value. OKT Chain (OKTC) is a public permissionless blockchain that no one fully controls. Anyone can create projects and use applications from anywhere in the world. OKX can neither control nor endorse any projects on OKT Chain (OKTC). The decentralized nature of blockchain may lead to risks. Make sure you're responsible for your financial decisions and do proper research on projects. Research and understand a project before interacting with OKT Chain (OKTC) in any way. Remember that all developers and users can access both main and test networks for free. Distinguish between OKC main and test networks. All assets on the testnet are valueless. Protect your private keys and never share them. Make sure third-party projects are safe before authorizing them. We support MetaX, MetaMask, imToken, TokenPocket and other wallets.

Elastos is the world’s leading provider of open source solutions, employing not only blockchain technology, but a peer-to-peer network for communication, decentralized data storage services, and a decentralized ID system for all users and digital assets. The Elastos essentials official super-wallet application provides full management support for your digital identity, contacts, decentralized storage, token spending, voting, and smart contract operations. RPC Crypto Wallet with interoperability, swapping and bridging features. Smart contract operations associated with the Elastos Smart Contract Chain (ESC). We call our platform the Elastos SmartWeb. We are based across the globe, but are united in the belief that the Elastos SmartWeb has the power to change the world for the better. Each platform component contributes unique features and services that draw developers and users to Elastos.

eXchange inFinite (XinFin), is a Delegated Proof of Stake Consensus network (XDPoS), enabling hybrid relay bridges, instant block finality and interoperability with ISO20022 messaging standards, making XinFin's hybrid architecture developer-friendly. Interoperable blockchain network for global trade & finance which enables digitization, tokenization, and instant settlement of trade transactions, increases efficiency, and reduces reliance on complex FX infrastructures, allowing for increased flexibility in liquidity management for financial institutions. Delegated Proof of Stake (XDPoS) leverages the power of stakeholder approval voting to resolve consensus issues in a fair and democratic way. Higher interoperability with legacy systems and other blockchain platforms makes XinFin Protocol (XDC) the language of core banking systems, ERP systems and SWIFT systems, and many more.

Our technology is a natural evolution of Bitcoin's blockchain, achieving 200+ tps with no central coordinator or masternodes. Different tokens can be reliably exchanged on the same transaction. An easier and safer implementation of Smart Contracts which connects real world data (oracles). You don't have to pay anything when sending or receiving tokens. Different tokens can be reliably exchanged on the same transaction. A scalable blockchain where anyone can create their own token in less than a minute. No need to know about "gas", "solidity", or "ERC-20". With built-in atomic swaps, we can build a true decentralized exchange for all tokens in our platform. More built-in nano contracts will be developed to become easily available for everyone.

The Viction blockchain and product ecosystem enable development of high-performance blockchain projects. An array of original features and protocols is designed to support speed, privacy, usability, and liquidity needs all in one platform. Once upon a recent time, in a blockchain galaxy not so far away, a group of astronauts went on a quest to find the most advanced planet to settle down and build up their developments. Buckle up in the back seat as you’re about to witness an adventure to find the greatest planet! Viction Privacy offers freedom of finance through anonymous and private transactions by obfuscating and hiding the transaction senders, receivers, and value. Proof-of-Stake-based consensus with 150 Masternodes voting mechanism, Double Validation and Randomization supports near-zero fee, 2,000 TPS, and 2 second confirmation time.

At Aptos Labs we are building a Layer 1 for everyone. Develop applications for the Aptos Blockchain, run nodes, and be a part of the blossoming Aptos community. When an Aptos Blockchain client submits a transaction, they are requesting that the ledger state be updated with their transaction. Generate, submit and verify a transaction to the Aptos Blockchain. Write your first Move Module for the Aptos Blockchain. Deploy your first coin on the Aptos Blockchain. Learn how to build your first dapp. Each Aptos account has a unique account address. The owner of that account holds the public, and private key pair that maps to the Aptos account address and, in turn, the authentication key stored in that account. Aptos provides a REST API for interacting with the blockchain. Scan transactions and accounts on the network. Retrieve the ledger data from the FullNode, including account and account resource data.

Google Cloud Universal Ledger (GCUL) is a next-generation, permissioned layer-1 blockchain platform designed for financial institutions to manage commercial bank money and tokenized assets with unprecedented simplicity, flexibility, and security. It offers a programmable, multi-currency distributed ledger accessible via a unified API, eliminates the complexity of traditional payment infrastructure, and supports atomic settlement for near-instant transfers. Built with compliance in mind, the platform enforces KYC-verified accounts, transparent transaction fees, and private, auditable governance, while also fostering automation through programmatic workflows and integration with familiar developer tools like Python-based smart contracts. CE reactions and institutional testing underscore its real-world applicability; CME Group is piloting GCUL for tokenized settlement workflows in areas like collateral and margin processing.

Celo is an open platform that makes financial tools accessible to anyone with a mobile phone. Global payments infrastructure built for mobile. Thousands of organizations and individuals are developing, growing, and governing Celo, an open-source platform that enables anyone to build borderless applications. Hyper-efficient light client and full node incentives allowing for scalability to 6 billion smartphones. Full EVM compatibility making it easy to get started. Growing family of native stablecoins, like Celo Dollars, which follow the value of fiat currencies. Pay transaction fees with stablecoins or your own tokens. Users can easily send currency to any mobile number, enabled by Celo’s decentralized phone verification protocol, and get access to a growing ecosystem of global cash-in cash-out options. Explore, build, and ship ideas for your community using Celo’s developer tools.