October 05, 2022
There are many layer 1 blockchain protocols that exist out there. Some blockchain projects claim to be better than the next one, showing nifty new charts and graphs to explain how it is different from the others and is better equipped for the future. Of course, in reality, many layer 1 blockchain projects are similar, with only a few standing out from the crowd. With so many layer 1 projects surfacing nowadays, which projects should we keep an eye on?
This article will do its best to expose three of the layer 1 blockchain projects that may not have reached their full potential yet. Of course, some promising blockchain projects may not be included in this list, and some of the layer 1 projects mentioned in this list may have an undiscovered flaw in their protocol. For example, some people had a bullish sentiment on the Terra ($LUNA) coin, until its flaw was exposed and completely obliterated the market cap.
LUNA effectively managed to lose $40 billion of cryptocurrency market cap in the span of less than a week. We have done our due diligence for this listing, but even the most robust layer 1 projects can be exposed to some risk. So, what are these undiscovered layer 1 projects?