Best Layer 2 Protocols for Startups - Page 2

Create Ethereum-compatible smart contracts using various popular programming languages and execute them at a significantly higher speed on Substrate. This initiative operates under a decentralized, open-source business model that is financed by developer treasuries across participating blockchains. All current Ethereum smart contracts can be seamlessly executed on ParaState’s Ewasm VM (Pallet SSVM) without requiring any modifications. By supporting over 20 programming languages, ParaState enhances the developer ecosystem for creating Ethereum-compatible smart contracts. This includes widely-used languages like Solidity, Fe, Rust, and JavaScript, along with domain-specific languages (DSLs) such as MOVE, DeepSEA, and Marlowe. Substrate-based blockchains, including those within the Polkadot network, already experience a much greater transactions per second (TPS) rate compared to Ethereum. However, for a smart contract platform, the efficiency of compute performance is prioritized over TPS throughput. Experience the advantages by deploying smart contracts on ParaState and witness the enhanced capabilities firsthand.

Every day, countless transactions occur on the blockchain, yet individuals must compromise their privacy since anyone with access to their address can view their complete financial history. To address this issue, Suterusu has developed a trustless and universal Layer 2 privacy-protection protocol called Suter Shield, which effectively separates the sender's and receiver's addresses to ensure comprehensive protection of transaction data through sophisticated cryptography. The design effectively delinks the addresses entering and exiting Layer 1, providing total privacy for both user identities and transaction specifics within Layer 2. Additionally, Suter Shield incorporates an advanced ZK-ConSNARK scheme that features a proof size that remains nearly constant, alongside efficient proof generation and verification processes. This innovative approach not only enhances security but also promotes greater user confidence in blockchain transactions.

Trinity prioritizes user privacy by employing various technologies that ensure data security and improve privacy measures. Its state channel feature enables rapid off-chain transactions, allowing for efficiency in processing. The Trinity protocol is completely open-source, empowering developers to innovate and build their own applications using its framework. As a comprehensive off-chain scaling solution, Trinity focuses on enabling real-time payments while maintaining low transaction fees, scalability, and robust privacy safeguards for assets on the mainchain. By leveraging state channel technology, Trinity is set to greatly enhance the transaction capacity of the foundational chains and the assets associated with smart contracts. Additionally, the TNC cross-chain converter streamlines the movement of data and value across different blockchain networks. In the future, Trinity aims to evolve into a fully autonomous and decentralized network that boosts performance across the entire ecosystem, while also offering extensive support for decentralized applications (dApps) on underlying chains. This commitment to enhancing user experience positions Trinity as a key player in the blockchain landscape.

Verse offers a high-performance, interconnected cloud that is resistant to censorship and front running, specifically designed for the next generation of decentralized autonomous organizations (DAOs) and decentralized finance (DeFi). Its governance costs are significantly lower compared to Ethereum-based DAOs, allowing the ecosystem to capture and analyze more valuable data. The platform enables the recording of on-chain governance activities while integrating off-chain social participation data from native forums and popular social media networks. Holders of STPT tokens can participate in voting on crucial proposals within the ecosystem, which also functions as a means to cover gas fees for transactions and the execution of smart contracts. Additionally, the platform allows for the adjustment of collateralization ratios, price curves, and various parameters that influence asset properties. With a comprehensive suite of native tools and infrastructure, Verse streamlines decentralized decision-making processes for users, communities, and organizations, enhancing overall efficiency and engagement. Ultimately, this innovative approach positions Verse as a leading player in the evolving landscape of decentralized governance and finance.

The Socket Protocol stands out as the pioneering Chain Abstraction Protocol, designed with a modular, extensible, and composable framework that facilitates the development of chain-abstracted applications. By utilizing Modular Order Flow Auctions (MOFA), it empowers developers to seamlessly integrate with various applications, users, and assets across multiple blockchains. This innovative approach enhances interoperability and fosters a more versatile environment for building decentralized solutions.

Access an expanding network of trading, yield generation, and liquidity options across various blockchains at a minimal cost. Simplify the flow of DeFi trading by eliminating network fees, complex multi-leg transactions, and cumbersome sign-offs through Qredo's innovative multi-party computation (MPC) approach. Tailor governance structures to align with current corporate frameworks and asset management processes seamlessly. Engage in trading, transferring, and managing digital assets on a decentralized platform with the flexibility of your own governance, whether through managed or self-custody methods. Experience swift transfers and cross-chain atomic swaps that enhance capital efficiency and profitability. Increase your overall returns with complimentary deposits when securing assets on the Qredo Network. With its headquarters located in London, UK, and development teams in Sofia, Bulgaria, Qredo stands as a well-capitalized, venture-backed startup that is meeting a burgeoning demand for its offerings. The company's commitment to innovation and customer satisfaction positions it as a leader in the evolving crypto landscape.

Accumulate represents an innovative blockchain protocol designed entirely around the concept of identities. It allows for the assignment of Accumulate Digital Identifiers (ADIs) to various entities, including individuals, devices, organizations, or even objects. With its multi-chain architecture, Accumulate achieves an impressive throughput, facilitating a staggering 70,000 transactions per second (TPS), positioning it among the swiftest protocols available. The protocol incorporates key hierarchies that bolster security to enterprise-level standards. Users of Accumulate have the flexibility to rotate, recreate, and reassign their private keys as needed. This hierarchical key management not only enhances security but also ensures the protection of assets in a dynamic digital landscape. The adaptability of the system makes it particularly appealing for various applications.

zkLend is a layer-2 money-market protocol developed on StarkNet, which merges the scalability of zk-rollups, enhanced transaction efficiency, and reduced costs with the robust security provided by Ethereum. The platform presents a dual approach, offering a permissioned and compliance-oriented solution tailored for institutional investors, alongside a permissionless option aimed at DeFi enthusiasts, all while maintaining a commitment to decentralization. The philosophy behind zkLend is that authentic decentralized finance should be constructed on blockchain networks that are not only affordable, swift, and scalable but also secure and decentralized. With a firm belief that Ethereum stands as the sole decentralized solution, zkLend emphasizes that zk technology is the only way to achieve scalability without compromising the foundational characteristics that make Ethereum exceptional. Users participating in zkLend will have the opportunity to deposit their assets into a reserve pool, which will subsequently provide liquidity for the various money markets available. This innovative structure aims to foster a more efficient and accessible financial ecosystem for all participants.

Base is a cost-effective and secure Ethereum Layer 2 solution designed for developers aiming to expand the reach of web3 to a billion users. It provides the essential security and scalability for decentralized applications, utilizing Ethereum’s foundational security while enabling seamless onramps from platforms like Coinbase, Ethereum Layer 1, and other compatible chains. Developers can access the Ethereum Virtual Machine (EVM) environment at a significantly reduced cost. Moreover, users can gain early access to innovative Ethereum features such as Account Abstraction (ERC4337), user-friendly developer APIs for gasless transactions, and smart contract wallet capabilities. Built on Optimism’s open-source OP Stack, Base simplifies the integration of decentralized applications with Coinbase’s suite of products and its extensive distribution network. With effortless Coinbase integrations, convenient fiat onramps, and connectivity to the Coinbase ecosystem—which boasts 110 million verified users and $80 billion in assets—Base is an ideal platform for developers looking to maximize their reach and efficiency in the web3 landscape. The combination of these features makes Base an attractive option for those seeking to innovate in the decentralized space.

Create decentralized applications that deliver outstanding user experiences, leveraging the unmatched security of Ethereum through our advanced layer-2 network designed with a modular framework. Enjoy exceptional transaction speeds alongside robust security, utilizing Ethereum's roll-up technology in an environment compatible with the Ethereum Virtual Machine. The Mantle Liquidity Staking Protocol (LSP) serves as the second key offering within the Mantle ecosystem, allowing users to stake ETH and earn yield in the form of mETH (Mantle Staked Ether). As custodians of a substantial treasury, we focus on driving economic results for Mantle products with a strong emphasis on value creation, transparency, and responsible governance. Our commitment to these principles ensures that users can trust in the integrity and reliability of our ecosystem.

Leverage up to 50 times directly from your wallet for seamless trading. You can stake your stablecoins to earn rewards, and this platform is your prime destination for maximizing returns on USDC or FUSDT. Built on the ultra-fast Fantom blockchain, Tomb Chain is designed with eco-friendliness in mind. To bring your stablecoins to the Fantom ecosystem, you can use either Felix Exchange or Multichain from various other networks. This user-friendly website simplifies the staking and earning process in DeFi, making it more accessible than traditional methods. To get started, confirm a transaction to authorize your stablecoin usage, then choose how much you wish to deposit. After entering your desired deposit amount, you will need to finalize another transaction in your wallet. Subsequently, your stablecoins can be reinvested on this platform, allowing you to enhance your farming experience through compounding earnings. This approach not only optimizes your yield but also provides a streamlined way to manage your crypto assets effectively.

SX is on a straightforward mission to reduce betting costs by an astonishing 90%, cutting them down from 4.8% to just 0.5%. This shift equates to an impressive tenfold enhancement over the typical industry odds. To put it simply, if you place a $100 wager on an even chance, you could see a profit of $99, which translates to a 10% increase in payouts for bettors. Unlike conventional sportsbooks where users are limited to accepting bets set by the company, SX Network operates as a peer-to-peer betting exchange, giving all participants the freedom to both place and accept bets. This innovative approach fosters more competitive odds and eliminates the potential for site owners to take advantage of users for profit. SX Bet operates on a proprietary EVM-compatible blockchain, marking it as the first fully integrated betting application chain in existence. In essence, SX redefines sports betting as a financial market where participants can achieve wins rather than merely a casino environment focused on losses. Additionally, every time a user successfully wins a bet, they not only receive their earnings but also accumulate SX tokens, further incentivizing participation in the platform.

Manta Pacific utilizes Celestia alongside a customized OP stack to provide advanced technical infrastructure that boasts exceptional scalability and minimal gas fees. With the integration of Manta Pacific's universal circuits, the platform creates an unparalleled setting for the development and deployment of ZK applications and decentralized applications (dApps). Whether in finance, gaming, or social networking, the applications built on Manta aim to enhance user experience and deliver significant value to actual users. Furthermore, the Manta ecosystem grants program seeks to investigate and cultivate innovative use cases that address the challenges encountered by users in their everyday interactions. Additionally, Manta Network's zkSBTs empower individuals to validate information in a decentralized and trustless way while safeguarding their privacy. Notably, zkSBTs like the zkBAB and zkGalxe passports facilitate effortless on-chain KYC verification, eliminating the necessity to upload passports or provide sensitive personal data, thus marking a significant advancement in user privacy and security. By prioritizing user-centric solutions, Manta is paving the way for a more secure and efficient digital future.

Scroll is crafted specifically for Ethereum developers, serving as a fast, dependable, and scalable Layer 2 blockchain that enhances Ethereum's functionality and allows applications to expand seamlessly. With bytecode-level compatibility, Ethereum applications can transition to Scroll without complications and at much lower costs. Our commitment to open development fosters collaboration among value-driven contributors, resulting in more secure and well-architected systems. By championing a community-centric approach, Scroll aims to reshape and advance the roadmap of Ethereum. Utilizing cutting-edge zero-knowledge-proof technology, proven EVM frameworks, and thorough audits, Scroll guarantees that our platform is firmly established on security and reliability. Additionally, by focusing on code security through collaborative open-source efforts, Scroll safeguards both developers and users from potential vulnerabilities, fostering a robust ecosystem for innovation. This dedication to security and community involvement signals a promising future for Ethereum as we continue to grow and evolve.

Merlin Chain is set to revolutionize Layer2 through the integration of native Layer1 assets. By being an EVM-compatible chain, it guarantees low transaction fees and remarkable scalability, which facilitates quick processing and improves liquidity for transactions. The platform accommodates widely-used Bitcoin protocols like BRC20, BRC420, Bitmap, Atomicals, Pipe, Stamp, and more, expanding the opportunity for a broader audience to engage within the Bitcoin Layer2 ecosystem. To further optimize performance and scalability, Merlin Chain has adopted ZK-Rollup technology, with sequencer nodes effectively overseeing data transmission through decentralized Oracles, thereby providing both transparency and security. Committed to fostering fair launches and innovative solutions driven by the community, Merlin Chain remains focused on developing distinctive offerings tailored specifically for the Bitcoin network and its user base. This initiative not only enhances user engagement but also strengthens the overall infrastructure of Layer2 solutions.

Mode is an Ethereum Layer 2 solution that incentivizes users for expanding its network through innovative economic strategies. This platform is creating a novel on-chain economy that compensates individuals for their contributions to network expansion. Developers can receive a share of the sequencer fees generated through their smart contracts. Additionally, Mode's innovative treasury will facilitate automated rewards throughout the ecosystem. Built on the modular OP stack, Mode is part of the super chain network, which includes both base and OP mainnet. Users can enjoy a streamlined, user-friendly blockchain experience with the Mode name service. Furthermore, the Mode bridge enables seamless asset transfers between Layer 1 and the Mode platform, enhancing the overall flexibility and accessibility of the network for its users. This multifaceted approach not only fosters growth but also strengthens community engagement within the blockchain space.

opBNB serves as a cutting-edge layer-2 solution within the BNB ecosystem, constructed on the OP stack. With its impressive block size of 100 million, opBNB maintains consistently low and stable gas fees, positioning it as an ideal choice for extensive adoption across various digital realms. It effectively supports a wide array of applications, including gaming, decentralized exchanges, everyday transactions, and digital collectibles, while ensuring optimal performance. For instance, gamers require immediate responsiveness; consider the scenario of finishing a battle and anticipating the acquisition of an in-game item, only to face prolonged delays of several seconds or even minutes before the game acknowledges the achievement. Such an experience would significantly diminish the game's appeal and frustrate players, leading to a poor gaming experience overall. Ultimately, opBNB not only addresses these challenges but also enhances user satisfaction by providing the quick interactions that modern digital environments demand.

Dogechain enhances $Dogecoin, enabling the community to engage with crypto applications such as NFTs, gaming, and decentralized finance (DeFi). Traditionally, $Dogecoin users have faced restrictions in accessing these applications and other decentralized apps (dApps), but Dogechain provides a solution. This innovation allows Dogecoin enthusiasts to go beyond merely holding their tokens and waiting for value appreciation. Furthermore, participants within the Dogechain ecosystem can utilize $Dogecoin to cover gas fees, thereby adding practicality for those who are weary of just holding. The blockchain's Proof of Stake (POS) consensus mechanism guarantees low transaction fees and rapid processing times. It is vital for Dogecoin holders to stay competitive alongside the latest technological advancements in the cryptocurrency space. By integrating Doge into DeFi, NFTs, gaming, and beyond, Dogechain gives it remarkable capabilities. Additionally, Dogechain tokens can be readily obtained from various leading centralized and decentralized exchanges, ensuring accessibility for all users. As a result, this ecosystem fosters greater engagement and innovation among the Dogecoin community.

Unichain serves as a DeFi-centric Layer 2 solution on Ethereum, specifically crafted to become a central hub for cross-chain liquidity. This decentralized finance platform enhances transaction efficiency and affordability, boasting exceptionally quick block times of just one second while aiming to slash transaction fees by a factor of twenty compared to standard Ethereum costs. Utilizing the OP Stack framework, it emphasizes scalability, fosters open-source advancements, and plans for future features such as Provable Block Building. Unichain is tailored to meet the needs of both developers and users within the DeFi ecosystem, offering comprehensive tools for creating liquidity pools and deploying smart contracts. Drawing from extensive experience in establishing the largest decentralized trading protocol globally, Unichain ensures that its technological innovations remain accessible as open-source, allowing other rollups to incorporate them seamlessly. Additionally, a robust network of full nodes actively oversees and authenticates the sequencer's activities, thereby enhancing transaction speeds and decentralization within the Unichain ecosystem. This commitment to transparency and community involvement positions Unichain as a leader in the evolving landscape of decentralized finance.

Rootstock stands out as an innovative Bitcoin sidechain that combines the advanced smart contract functionality of Ethereum with the unparalleled security of Bitcoin. Operating as an open-source platform, it utilizes Bitcoin's proof-of-work consensus mechanism, tapping into over 60% of Bitcoin's hashing power through merged mining to ensure its reliability. This synergy allows developers to create EVM-compatible smart contracts, paving the way for decentralized applications that benefit from the strength of Bitcoin's network security. The native currency of Rootstock, known as RBTC, is maintained at a 1:1 peg with Bitcoin, which simplifies interactions with decentralized finance (DeFi) protocols and dApps on the Rootstock ecosystem, facilitating processes like minting, swaps, and the payment of gas fees. Additionally, the PowPeg protocol plays a crucial role in guaranteeing secure and efficient two-way transactions between Bitcoin and Rootstock, significantly improving interoperability between the two networks. Within Rootstock's expanding ecosystem, users can engage in a variety of applications, including swapping and staking through platforms such as Sushi, optimizing yields with Beefy, and trading on Oku, demonstrating the platform's versatility and appeal. As a result, Rootstock offers a comprehensive environment that empowers developers and users alike to harness the full potential of blockchain technology.

Ethereum's latest scalability framework ensures rapid transactions alongside efficient smart contracts. Optimism operates as a Public Benefit Corporation (PBC), which is a profit-driven entity established to create societal advantages while maintaining responsible and sustainable practices. This structure compels us to harmonize the financial interests of our shareholders with the welfare of individuals impacted by our actions, all while adhering to a specific "public benefit charter" we have adopted. The core mission of the Company is to improve and secure equitable access to internet public goods through the creation of open-source software. This charter embodies our commitment to the Ethereum community, as we strive to uphold its principles by developing infrastructure that fosters the growth and sustainability of a public goods ecosystem. In doing so, we aim not only to enhance technological innovation but also to cultivate an inclusive environment for all users.

zkSync stands out as the most user-focused ZK rollup solution in the Ethereum ecosystem. This innovative scaling method has no limitations on the volume it can securely manage in Layer 2, setting it apart from other strategies. In contrast to optimistic rollups, it facilitates rapid and economically efficient transfers of assets between the ZK rollup and Layer 1. Notably, zkSync boasts the lowest transaction costs among all current and forthcoming rollups. Additionally, it offers features like meta-transactions, immediate confirmations with economic finality, and affordable privacy options. The design philosophy of zkSync emphasizes simplicity and enjoyment in the development process. Developers can easily integrate payments and atomic swaps using just a few lines of code. Moreover, zkSync allows for the creation of type-safe, functional smart contracts with Zinc, a Rust-based framework, and enables the deployment of existing EVM codebases with minimal adjustments. This combination of features makes zkSync an attractive choice for developers seeking efficiency and innovation in blockchain applications.

Stacks transforms Bitcoin into a platform for programming, facilitating the creation of decentralized applications and smart contracts that leverage Bitcoin's inherent advantages. By utilizing Stacks, developers can create applications, digital assets, and smart contracts that seamlessly integrate with Bitcoin’s robust security and expansive network. You can also temporarily lock your STX to bolster the network's security and consensus mechanisms, earning Bitcoin rewards from miners through the Proof of Transfer process. Stacks allows for the utilization of Bitcoin’s $760 billion capital in innovative smart contracts, paving the way for an improved financial system that is open, composable, and free from intermediaries. With Clarity smart contracts, you can execute your application’s logic directly on the blockchain; this language is designed to be more secure and predictable, significantly reducing the risk of bugs and exploits. It is particularly suited for critical code where the presence of errors could have serious consequences, ensuring that developers can trust the integrity of their systems. Thus, Stacks not only enhances Bitcoin's functionality but also empowers developers to create a new era of decentralized finance.

RSK stands out as the most secure smart contract blockchain platform, benefiting from the robust protection of the Bitcoin Network. Recognized as a significant opportunity in decentralized finance (DeFi), RSK allows Bitcoin users to engage in lending, borrowing, trading, and earning interest on their holdings. The evolution of finance is clearly moving towards decentralization, with RSK leading the charge as the preeminent smart contract platform globally. The primary objective of RSK's Contracts is to enhance the Bitcoin Contracts ecosystem by facilitating smart contracts, enabling nearly instantaneous contract payments, and improving scalability. By utilizing Merged Mining and a two-way peg, RSK Blockchain establishes a seamless connection with Bitcoin, reinforcing its security and functionality. Furthermore, RIF, built on RSK, aspires to lay the foundational elements for a completely decentralized internet, fostering Decentralized Sharing Economies that empower individuals through enhanced identity management, payment solutions, storage options, communication channels, gateway services, and marketplace functionalities. This innovative approach not only protects individual value but also promotes a more equitable digital economy.

The Bitcoin Lightning Network enables immediate payments, providing rapid blockchain transactions without the delays typically associated with block confirmations. It enhances security through the use of smart contracts on the blockchain, eliminating the need for separate on-chain transactions for each payment. Users can experience transaction speeds ranging from milliseconds to mere seconds. This network boasts remarkable scalability, capable of handling millions to billions of transactions every second, far surpassing traditional payment systems in terms of capacity. Additionally, it allows payments to be linked to specific actions or clicks without the need for intermediaries. Cost efficiency is another benefit, as settling transactions off-chain results in substantially lower fees, paving the way for innovative applications like instant micropayments. Furthermore, the Lightning Network supports cross-chain atomic swaps that can be executed instantly and off-chain, provided the involved blockchains utilize the same cryptographic hash function. This interoperability between different blockchain systems opens up new possibilities for seamless financial interactions.