which blockchain often used for web3 application

Polygon, a popular layer-2 scaling solution for Ethereum, enhances transaction speed and reduces gas fees, making it an attractive choice for dApp development.

Oct 20, 2024 at 03:47 pm

Web3 Applications: Popular Blockchain Platforms1. OKX Chain:

Native blockchain of OKX, a top cryptocurrency exchange.
Designed for high transaction throughput, scalability, and security.
Supporting smart contract functionality and various decentralized applications (dApps).

2. Polygon:

Layer-2 scaling solution for Ethereum, enhancing transaction speed and reducing gas fees.
Provides a Proof-of-Stake (PoS) consensus mechanism for enhanced scalability.
Supports numerous dApps, including DeFi, gaming, and NFTs.

3. BNB Chain (formerly Binance Smart Chain):

Native blockchain of Binance, the largest cryptocurrency exchange by trading volume.
Features a Proof-of-Authority (PoA) consensus mechanism for fast transactions.
Hosts a wide range of dApps, particularly in DeFi, gaming, and NFTs.

4. Ethereum:

Pioneering blockchain platform known for its smart contract capabilities.
Supports a diverse ecosystem of dApps, including DeFi, NFT marketplaces, and decentralized autonomous organizations (DAOs).
High transaction fees and network congestion have led to scalability challenges.

5. Solana:

Ultra-fast blockchain with a high transaction throughput of over 50,000 transactions per second.
Utilizes a Proof-of-History (PoH) consensus mechanism for timekeeping.
Notable for its efficiency and cost-effectiveness, attracting dApps in DeFi, NFTs, and gaming.

6. Avalanche:

High-performance blockchain with a unique Proof-of-Stake (PoS) consensus mechanism called Snow White.
Offers fast transaction finality and supports smart contracts and multiple subnets for scalability.
Emerging as a popular platform for DeFi, NFTs, and enterprise solutions.

7. Algorand:

Pure Proof-of-Stake (PPoS) blockchain with a focus on speed, security, and decentralization.
Lends itself to enterprise use cases, such as central bank digital currencies (CBDCs) and supply chain management.
Known for its energy-efficient consensus mechanism and low transaction fees.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

RAIN

$0.007852

113.00%

Trade Now
PIPPIN

$0.06097

51.96%

Trade Now
PARTI

$0.1396

42.04%

Trade Now
WAVES

$0.9141

41.69%

Trade Now
ARC

$0.04302

35.73%

Trade Now
HONEY

$0.01029

21.80%

Trade Now

Latest Crypto News

Bitcoin's Bleak January Extends Losing Streak to Four Consecutive Months
2026-01-31 01:15:01
The Future Is Now: Decoding Crypto Trading, Automated Bots, and Live Trading's Evolving Edge
2026-01-31 01:15:01
Royal Mint Coin Rarity: 'Fried Egg Error' £1 Coin Cracks Open Surprising Value
2026-01-31 01:10:01
Royal Mint Coin's 'Fried Egg Error' Sparks Value Frenzy: Rare Coins Fetch Over 100x Face Value
2026-01-31 01:10:01
Starmer's China Visit: A Strategic Dance Around the Jimmy Lai Case
2026-01-31 01:05:01
Optimism's Buyback Gambit: A Strategic Shift Confronts OP's Lingering Weakness
2026-01-31 01:05:01

Related knowledge

What is the Halving? (Understanding Bitcoin's Supply Schedule)

Jan 16,2026 at 12:19am

What Is the Bitcoin Halving?1. The Bitcoin halving is a pre-programmed event embedded in the Bitcoin protocol that reduces the block reward given to m...

What are Play-to-Earn (P2E) Games and How Do They Work?

Jan 12,2026 at 08:19pm

Definition and Core Mechanics1. Play-to-Earn (P2E) games are blockchain-based digital experiences where players earn cryptocurrency tokens or non-fung...

What is a Mempool and How Do Transactions Get Confirmed?

Jan 24,2026 at 06:00am

What Is the Mempool?1. The mempool is a temporary storage area within each Bitcoin node that holds unconfirmed transactions. 2. Transactions enter the...

How to Earn Passive Income with Cryptocurrency?

Jan 13,2026 at 07:39am

Staking Mechanisms1. Staking involves locking up a certain amount of cryptocurrency in a wallet to support network operations such as transaction vali...

What are Zero-Knowledge Proofs (ZK-Proofs)?

Jan 22,2026 at 04:40am

Definition and Core Concept1. Zero-Knowledge Proofs (ZK-Proofs) are cryptographic protocols enabling one party to prove the truth of a statement to an...

What is the Blockchain Trilemma? (Security, Scalability, & Decentralization)

Jan 15,2026 at 05:00pm

Understanding the Core Conflict1. The Blockchain Trilemma describes a fundamental architectural constraint where it is extremely difficult to simultan...