▲圖片標題(來源：cointelegraph)

Decentralized finance (DeFi) dominated media headlines throughout 2021 and the sector, along with nonfungible tokens (NFTs), helped to initiate the mass adoption of cryptocurrencies.

While high yields on staking and instant profits from flipping jpegs have proven to be very lucrative for investors, it’s important to remember that none of it would have been possible without the underlying capabilities of smart contract technology.

The Ethereum network remains, hands-down, the most widely used layer-one smart contract platform in the crypto ecosystem, but everyone knows about the high fee and clogged network issues of the past few years.

In 2021, competing networks like Avalanche and Binance Smart Chain enabled compatibility with the Ethereum Virtual Machine (EVM) and this produced positive outcomes for investors in both ecosystems.

Let’s take a look at a few of the top-performing layer-one protocols in Q4 2021 and investigate how partnerships, investment from traditional finance and protocol developments might benefit each project in 2022.

Algorand

Algorand (ALGO) is a pure proof-of-stake (PoS) layer-one blockchain network designed to be self-sustaining and highly scalable, thus making it capable of handling heavy transaction loads for minimal costs.

In Q4, the protocol launched the Algorand Virtual Machine which enabled decentralized applications (DApps), meaning DeFi and NFT projects could now operate on the network.

Tether (USDT) and USD Coin (USDC) had previously launched on the network, so their integration into new DeFi platforms was relatively effortless, allowing for the quick build up of liquidity. The launch of the 150 million ALGO Viridis Fund by the Algorand Foundation was also designed to accelerate the development of the DeFi ecosystem on the network.

Tezos

Tezos (XTZ) is a flexible proof-of-stake blockchain designed to evolve over time without the need to undergo hard forks. In Q4, traditional finance entities like the Arab Bank Switzerland partnered with the protocol to launch staking, trading and custody services for the project’s native XTZ token.

On Dec. 7, the project made headlines after it expanded its NFT ecosystem by partnering with Ubisoft, a major gaming company. The Ubisoft Quartz platform uses Tezos blockchain, and the players of Ghost Recon: Breakpoint will be able to buy and trade game-specific NFTs in the marketplace.

On Dec. 15, Rarible, a popular NFT marketplace, also announced the integration of the Tezos blockchain into its ecosystem. This means Rarible users can buy, sell and trade Tezos NFTs in an environment that is much cheaper than Rarible’s Ether-based market.

Elrond

Elrond (EGLD) is a blockchain platform for distributed apps and enterprise-level businesses that has the goal of becoming the technology ecosystem for the “new internet.”

According to the project’s website, the network utilizes sharding technology to enable the processing of 15,000 transactions per second (TPS) with an average transaction cost of $0.001.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

轉貼自： Cointelegraph

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