Solana Foundation in Geneva, open source, Proof-of-History more efficiently sequences blocks so the network does not need confirmations, high number of developers and commits relative to others. 50k+ TPS, world's first web-scale blockchain. Centralization and VC manipulation concerns.
Leadership: A- Anatoly Yakovenko is founder with Greg Fitzgerald, many previously at Qualcomm and Dropbox, research and heavy funding
March 2020 ICO raised $25.6M
High performance DPOS smart contract network built to facilitate a decentralized internet. EVM compatible with Ethereum and most other smart contract networks. Focused on on-chain governance, scalability, and dynamic smart contracts. Heavy in metaverse and gaming, low volume in DeFi.
Leadership: A Justin Sun is founder and leader. former Google, AirBNB, Alibaba, Meta, BitTorrent execs.
June 2018 ICO raised $70M
A decentralized Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security, built on Plasma Framework POS. Polygon is a Layer 2 of Ethereum and offers convenient side chains.
Leadership: A Backed by Binance and Coinbase. Top developers. Advisors from ETH Foundation, Mark Cuban
April 2019 ICO raised $5.6M
An open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens. Self-labeled Layer 0, so it has Layer1s on it like Substrate and Moonbeam. They are applying several new solutions to increase transaction speed and ease of use. Highly interoperable, similar to Cosmos $ATOM.
Leadership: A+ DOT is flagship protocol of Web3 Foundation, a Swiss Foundation with a mission to facilitate an open-source, fully functional and user-friendly decentralized web. Founders are Dr. Gavin Wood(ETH founder/creator of Solidity), Robert Habermeier(Thiel Fellow) and Peter Czaban(Director at Web3 Foundation).
Oct 2017 ICO raised $144.6M
An open, programmable smart contracts platform for decentralized applications, the fastest smart contract network by finality time. Built by Ava Labs in Singapore to be eco-friendly. One of Avalanche's biggest claims is decentralization, and large number of validators.
Leadership: A+ Previously at all the big Fortune 500 companies. Founder is Emin Gün Sirer, a Turkish-American, Cornell Alum.
July 2020 ICO raised $42M
Cosmos is an ever-expanding ecosystem of interconnected apps and services, built for a decentralized future. Cosmos POS is created by Tendermint, which is now the core developer. Uses IBC (Inter-Blockchain Communication) protocol. 2nd most value locked behind Ethereum. Similar to Polkadot ecosystem.
Leadership: B+ Jae Kwon and Ethan Buchman founded Cosmos Network in 2014, Ignite (Tendermint) CEO Peng Zhong is now biggest figure, high relative number of active devs. Lack of leadership and vision is concerning.
April 2017 ICO raised $17.3M
A community based cloud computing platform. Original POS algorithm has enhanced performance using Nightshade sharding. Highly interoperable and supports many languages. Ecofriendly. Focused on ease of use for developer and users. Committed to decentralization, relatively high number of active devs.
Leadership: A+ Founded by Illia Polosukhin previously Google, Alexander Skidanov previously dev at Microsoft, Y Combinator, highly academic and acclaimed team, CEO Erik Trautman previously Wallstreet and edutech
August 2020 ICO raised $33.6M
High performance proof of stake blockchain, unforkable, all transactions are final in Algorand(single block finality). Algo uses PPoS, a highly democratized PoS consensus mechanism with a low minimum staking requirement for participating in and securing the network. Heavily funded and developed, lacking user volume and adoption.
Leadership: A Silvio Micali(MIT, Turing Award), highly academic team and advisors. Several of the largest crypto investment funds are involved.
June 2019 ICO raised $122.4M