All About Treasury gives you the platform to create your preferred smart contract on a wide range of Ethereum Virtual Machine compatible networks.
Choose the network of your preference, from layer 1 and layer 2 of Ethereum to smart contracts in Bitcoin, or the Blockchains created by the most recognized exchanges on the market.
Ethereum Layer 1
Ethereum and its first fork, Ethereum Classic are the pioneers in the field of smart contracts. The Biggest Smart Contract platform
Market cap: $216,757,966,051 At the time of publishing
Native coin: Ether ($1,790.59) At the time of publishing
Ethereum is an open source decentralized blockchain, whose main objective is to be a global platform for decentralized smart contracts, allowing developers to create multipurpose decentralized applications.
Ethereum is the undisputable leader and pioneer of Smart Contracts, being the first project created with this purpose, first described in 2013 by Vitalik Butterin, then in 2014 they ran one of the first ICO in the history, raising $18.3 million in Bitcoin, the price, the Ether price in the ICO was $0.311.
Being one of the most popular smart contract platforms, it has become a problem of scale for Ethereum due to the high fees the network experiences, average gas rates have skyrocketed to $71 on average in 2021.
There are some improvement proposals already in progress, such as the London Hard Fork, which helps in the process of transforming the Ethereum consensus algorithm from Proof of Work to Proof of Stake. There are also some projects running, like Optimistic Rollups or ZK-rollups, that try to solve scaling problems.
Binance Smart Chain
A network for decentralized finance (DeFi)
Market cap: $48,570,863,509
Native coin: BNB ($297.48) As we speak
What is Binance Smart Chain?
Binance Smart Chain (BSC) is an EVM-compliant solution that runs in parallel with Binance Chain. Binance Smart Chain offers high security, stability, and lower fees. Also, BSC runs as a standalone solution, which means it is independent from Binance Chain.
BSC runs on a Proof of Staked Authority (PoSA) consensus model. BNB (Binance’s native token) serves as the execution gas for smart contracts and tokens for staking. BNB holders can stake their BNB and earn rewards by contributing to the security of the BSC network and voting on community governance protocols. This is how decentralization is achieved, allowing a community of participants.
Polygon – An open-source platform for decentralized applications
Market cap: $4,734,198,190
Native coin: MATIC ($0.60)
What is Polygon?
Polygon has become a very popular choice in Ethereum’s scaling race. Polygon is both a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. If we focus on Polygon as a scaling solution, we can define it as a sidechain with a proof-of-stake consensus protocol.
Polygon started out as a Layer 2 solution called the Matic Network, but later expanded its reach and renamed itself “Polygon.” Its goal is to be the “Internet of Ethereum Blockchains” offering a protocol for massive-scale and collaborative blockchains.
The native Polygon coin is Matic, an ERC-20 token that runs on the Ethereum blockchain. Matic is used for the payment of gas rates, as well as for the payment of services in the Polygon ecosystem.
An open-source platform for decentralized applications
Market cap: $6,862,319,200
Native coin: AVAX ($24.44)
What is Avalanche?
Avalanche defines itself as “the fastest smart contract platform in the blockchain industry. Avalanche is an open source platform and a highly scalable ecosystem, to launch dApps. Thanks to the Avalanche consensus protocol (Snowman), this Blockchain has almost instantaneous transactions without compromising decentralization.
Avalanche features 3 built-in blockchains:
- The Exchange Chain (X-Chain) acts as a decentralized platform for trading digital smart assets.
- The Platform Chain (P-Chain) is the one that coordinates network validators, manage subnets, and implements the Snowman consensus protocol.
- The Contract Chain (C-Chain) is an instance of the Ethereum Virtual Machine (EVM) that allows the creation and interaction with Smart Contracts. This is the network supported by WPSmartContracts
AVAX is the native coin of Avalanche. It’s a hard-capped asset that is used to pay gas fees. AVAX holders can help securing the platform through staking.
Types of Crypto:
- Platform tokens support dapps built on the blockchain.
- Security tokens represent legal ownership of a physical or digital asset.
- Transactional tokens serve as units of account and are exchanged for goods and services.
- Utility tokens are integrated into an existing protocol and used to access the services of that protocol.
- Governance tokens fuel blockchain-based voting systems.
ERC Token Standards: