Despite years of development and increased security levels, the crypto industry is still being heavily impacted by hackers. In Q1 of 2022, online criminals managed to steal almost $1.3 billion, across 78 recorded incidents. In many cases, the problem did not lie with the protocols, but with the hackers’ ability to trick unsuspecting users. But, there were also numerous instances where flaws and exploits were the reason why hackers managed to get away with the money.
This is why we wanted to make a comparison of some of the biggest and most popular blockchain networks, and see which of them are the best, as well as the safest.
What are blockchain networks?
A blockchain network is a technical infrastructure that provides smart contract and ledger services to applications. Essentially, they are blockchains that can be used as development platforms for creating a variety of blockchain products.
They came back when Ethereum first emerged and shifted the attention from cryptocurrency trading towards blockchain’s potential as it can be used to create virtually any type of app, protocol, or service that exists off-chain.
As a result, we now have countless Ethereum-like blockchains that all offer to serve as Ethereum alternatives. This leads to further diversification and decentralization of the DeFi sector, and it is ultimately a good thing from that point of view.
But, with that said — it also leads to the question of which one is the best one?
Continue reading: https://cryptoslate.com/blockchain-networks-overview-what-makes-these-networks-the-best/
This is why we wanted to make a comparison of some of the biggest and most popular blockchain networks, and see which of them are the best, as well as the safest.
What are blockchain networks?
A blockchain network is a technical infrastructure that provides smart contract and ledger services to applications. Essentially, they are blockchains that can be used as development platforms for creating a variety of blockchain products.
They came back when Ethereum first emerged and shifted the attention from cryptocurrency trading towards blockchain’s potential as it can be used to create virtually any type of app, protocol, or service that exists off-chain.
As a result, we now have countless Ethereum-like blockchains that all offer to serve as Ethereum alternatives. This leads to further diversification and decentralization of the DeFi sector, and it is ultimately a good thing from that point of view.
But, with that said — it also leads to the question of which one is the best one?
Continue reading: https://cryptoslate.com/blockchain-networks-overview-what-makes-these-networks-the-best/
