This educational section offers a detailed look at the largest chains on which Web3 dapps and activity are taking place, looking at their core technological advancements, unique consensus protocols, and what key use cases and functionalities they are known for and why they have appeared in the news this year.

1. Bitcoin (BTC)

NameBitcoin
SymbolBTC
ChainBitcoin
Launch DateJanuary 2009

Bitcoin (BTC), launched in January 2009 by an anonymous entity known as Satoshi Nakamoto, is the first and most well-known cryptocurrency. Unlike traditional currencies, Bitcoin operates on a decentralized network of computers to offer a new format that is not controlled by any single institution. With its pioneering blockchain technology, Bitcoin has become a symbol of innovation, offering transparent and tamper-proof technology. Despite challenges such as scalability and environmental concerns, Bitcoin remains the leading Web3 player, and continues to attract widespread media attention and coverage.


Pros

Widely Recognized and Respected Brand

Largest Market Capitalization

High Level of Security

Extensive Network of Miners

Robust Community Support

In-Depth Analysis of Today's Top Cryptocurrencies

Cons

High Transaction Fees

Slower Transaction Times Compared to Newer Technologies

Significant Energy Consumption for Mining

2Ethereum (ETH)

NameEthereum
SymbolETH
ChainEthereum
Launch Date30th July 2015

Ethereum (ETH) is the cornerstone of the decentralized contracts space and the non-fungible token (NFT) ecosystems. Since its launch in 2015, Ethereum has been at the forefront of blockchain innovation, introducing smart contracts that have enabled a vast array of decentralized applications from digital art to new forms of video games. Despite challenges such as high gas fees and scalability issues, Ethereum remains a dominant force in the space, with ongoing upgrades like Ethereum 2.0 aimed at improving its performance and sustainability.


Pros

Largest and Most Established PoS Chain

Pioneer of Smart Contracts

Broad Ecosystem of dApps and NFTs

Strong Network Security

Ongoing Development and Upgrades (e.g., Ethereum 2.0)

Cons

High Transaction Fees (Gas Fees)

Scalability Challenges

Competition from Newer and Faster Technologies

3. Cardano (ADA)

NameCardano
SymbolADA
ChainCardano
Launch DateSeptember 2017

Cardano (ADA), launched in September 2017 by one of Ethereum’s co-founders, Charles Hoskinson, is a proof-of-stake platform. It stands out for its commitment to peer-reviewed academic research and user-driven development. Cardano aims to balance the needs for regulation with privacy and decentralization by designing an ecosystem capable of delivering more advanced features than any protocol previously developed. It is the first platform of its kind to be built on peer-reviewed research and developed through evidence-based methods, making it one of the most secure, sustainable, and scalable networks available for the deployment of smart contracts and building decentralized applications.

4. Polygon (MATIC)

NamePolygon
SymbolMATIC
ChainPolygon
Launch DateOctober 2017

Launched in October 2017, Polygon (formerly Matic Network) enhances scalability and user experience through a multi-chain system akin to other networks like Polkadot, Cosmos, with the security of Ethereum’s blockchain. It provides a framework for building and connecting Ethereum-compatible blockchain networks, aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem. Designed to facilitate a future where different blockchains no longer operate in silos but instead work together to unleash their full potential, Polygon is rapidly becoming a key player in the decentralized movement and it supports a wide range of NFTs, particularly for video games online.

5. Chainlink (LINK)

NameChainlink
SymbolLINK
ChainChainlink
Launch DateJune 2017

Chainlink (LINK) launched in June 2017 and quickly established itself as a pivotal component of the Oracle focussed infrastructure ecosystem. It provides reliable, tamper-proof inputs and outputs for complex smart contracts relying on real world data information. Chainlink’s decentralized oracle network facilitates secure and real-time data feeds that are crucial for smart contracts to effectively operate in the real world. As current technology continues to integrate with real-world applications, Chainlink’s role as a trusted oracle serv