Micro Scalable Layer 1 w/ Huge Market Potential 🚀
Hey, Luca here.
it’s Pick Day!
Every Saturday, you get deep dives on Quality Micro Altcoins with numerous growth potential included in our watchlist.
But before diving into today’s pick I have a small favor to ask you.
I’m launching AIP on Product Hunt next Saturday.
I would be incredibly grateful for your support. If you could click on the "Notify Me" button, it would mean a lot 🙏🏻
Plus, your vote and feedback could play a crucial role in helping the community grow.
Thanks a lot for considering it.
Now, let’s dive into our next pick.
“Alternative Layer 1” refers to a class of blockchains that are competing with Ethereum and its use of smart contract technology.
When Ethereum launched in 2015, it presented a visionary approach to blockchain technology by acting as a platform to support decentralized apps. Unlike Bitcoin, which has primarily been used for exchanging and storing value, Ethereum uses smart contracts to run powerful applications.
It was the first blockchain of its kind to embrace the idea of a “decentralized Internet,” a concept popularly known as Web3 today.
But all blockchains have their limitations. For Ethereum to scale and keep up with demand, it has required rollups. Alternatively, L1s like Solana and Avalanche are designed differently to enable higher throughput but at the cost of decentralization.
Scalability has been one of the biggest hurdles faced by blockchains, and our next pick was created specifically to resolve scalability issues faced by blockchains. This has become an urgent issue for the industry and is one that the team feels simply cannot wait any longer.
At its core, scalability refers to a system's ability to handle increasing amounts of work or demand. In the context of blockchain, scalability pertains to the network's capacity to process transactions efficiently as its user base expands.
While blockchain networks like Bitcoin and Ethereum have achieved remarkable success, they grapple with inherent scalability limitations that hinder widespread adoption and usability.
Our next pick will enable up to 1 million transactions per second. As a comparison, Bitcoin can only deliver 4 transactions per second, while Ethereum delivers 10 transactions per second.
Now let’s tell you which project we are talking about and share the full investment case with you: