Best Layer 1 Protocols in Canada

GAYA Blockchain is the UAE’s first Layer-1 blockchain, aiming to unify gaming, social, DeFi, NFT, and real-world asset ecosystems on a single, eco-conscious platform. It uses a Proof-of-Stake consensus mechanism and is EVM-compatible, enabling developers to deploy smart contracts and leverage familiar tooling. Its architecture includes a “Cell-As-A-Service (CAAS)” data structure for efficient serialization and propagation. The Gaya Wallet serves as a multichain, non-custodial gateway to the ecosystem, offering fiat on/off ramps, in-app swaps, staking, and a gamified XP system that rewards engagement and may boost airdrop eligibility. GAYA token (GAYA) is the native utility token; it will be used for transaction fees, staking, governance through a DAO, ecosystem incentives, and in-app transactions. The economic model includes a dynamic gas mechanism with partial fee burns to introduce deflationary pressure, and carefully structured tokenomics with vesting schedules.

With lower transaction fees than any credit card, better exchange rates than any government-backed currency, and faster transaction confirmations than other digital payments, Bitcoin Diamond is the internet’s native currency. Bitcoin Diamond is a global currency that you can use to purchase products from any country and have them shipped to your doorstep, anywhere in the world. It all costs less than a penny per transaction and no currency exchange is required. With traditional government-backed currency, it can be difficult to protect your money from theft and inflation. Bitcoin Diamond is a fork of the Bitcoin blockchain, the most widely-used and most secure cryptocurrency. Unlike fiat currency, Bitcoin Diamond has a limited supply to make sure inflation is kept under control. It is based on a decentralized blockchain that keeps inflation under control by design; it can be easily accessed from any location; each transaction is verified by multiple computers around the world.