With the advancement of the internet and technology, the ecosystem of cryptocurrency has evolved enormously since their discovery a couple of decades ago. Today, we are going to check the best Layer 4 Crypto coins for investment. We know what is cryptocurrency and that these coins are continuously improving by adding multiple advanced layers in their blockchain technology, to increase the scalability, improve security, and decentralisation.
While Layer 1 focuses on base protocols like Bitcoin and Ethereum, Layer 2 primarily focuses on scaling solutions, and Layer 4 takes pivotal initiative optimizing user interface, data indexing, and interoperability between decentralised apps.
Top Layer 4 Network Crypto List With Other Details
In this article, we will discover the best layer 4 crypto tokens and other details about the technology they use. We will find out about what is different in each cryptocurrency and how they are performing in the market. We will learn about their blockchain technology and the protocols it uses for security. Moreover, the information about the total supply and current price of the respective coin will also be shared.
Let’s get started with the list of these coins.
Stacks (STX) – Top Layer 4 Crypto Coin from the List
Stacks is a one of a kind network protocol that brings programmability to the Bitcoin blockchain, by enabling features like DeFi, NFTs and smart contracts on the security of Bitcoin.
Blockchain Technology: Stacks is a Layer 4 protocol that brings decentralised applications for Bitcoin. It uses the Proof-of-Transfer consensus mechanism which connects the Stack blockchain to the system of Bitcoin, that allows developers to build decentralised apps securely.
Total Supply: It has a total circulation of approximately 1.82 billion tokens.
Current Price: The STX coin is a great option from the Layer 4 crypto list which is currently priced at $1.73.
Acala Token (ACA) – Another Well-Performing Layer 4 Coin
Acala Token is an exponential element of the Acala Network, a DeFi platform built on the Polkadot blockchain. It is renowned for its multi-chain compatibility across multiple blockchain networks.
Blockchain Technology: It mainly operates on Polkadot Network and works as Layer 4 protocol that aims at bringing financial stability to DeFi platforms. Acala also offers decentralised finance hubs, staking derivatives and of course automated financial operations.
Total Supply: Acala Token has a total supply of about 1 billion.
Current Price: Acala Token is a potential Layer 4 crypto and with a price of above $0.11 approximately.
Glossi – The Best Layer 4 Crypto Coin Launched Recently
Glossi is an upcoming name in the list that primarily focuses on data analytics in a decentralised ecosystem. Glossi’s unique position in the market in terms of scalability in the coming years is going to take a flight.
Blockchain Technology: Glossi being very young in the business, it is a rising name in the Layer 4 crypto list that mainly emphasizes decentralised data sharing analytics.
Total Supply: This cryptocurrency has a total supply of 666 million tokens with an exchange to come soon making it one of the best crypto coins on Layer 4 network .
Current price: It is not officially listed in the major exchange market but it is currently priced at $0.03 USD.
Phala Network (PHA) – Merging Healthcare and Finance
Phala Network is the ultimate value proposition for the major industries that require strong data privacy, combining healthcare, finance and supply chains.
Blockchain Technology: Phala Network works as a Layer 4 privacy oriented blockchain founded on Polkadot. While data processing, Phala Network uses Trusted Execution Environment algorithm to keep the sensitive data secure and encrypted.
Total Supply: Phala Network is among the Layer 4 crypto list because of its features and it has a total supply of 1 billion PHA tokens out of 672 million are in current circulation.
Current price: In the current market, the price of PHA token is around $0.36 USD.
The Graph (GRT) – Last Cryptocurrency from the Layer 4 Network
The Graph is an essential protocol that serves as the part of Layer 4 infrastructure by empowering developers to create scalable, efficient decentralised applications (dApps).
Blockchain Technology: The Graph operates as a Layer 4 indexing regulations. It ensures dApps to operate smoothly to retrieve and use blockchain technology data without hampering the network protocol. Ethereum, IPFS are the blockchain that support the GRT.
Total Supply: The GRT token has a total supply of 10 billion currently.
Current price: The market rate of GRT token is not that high now. It is currently at $0.22 USD.
Why Are the Layer 4 Crypto Coins Considerable?
All the cryptocurrencies on the Layer 4 network incorporate very specific complications that deal with user interaction and data accessibility. Cryptos with Layer 4 add an additional advanced layer of refinement that allows smooth integration between dApps and users across the world.
Future Growth Potential of Layer 4 Cryptocurrency?
The future of these crypto coins is great. With the advanced uses of blockchain technology, this Layer 4 will add more value, secure and user accessibility proposition. With time, as the blockchain technology will grow, the requirement for Layer 4 will also surge up, while exponentially driving values for these tokens.
Last Say
The birth of the Layer 4 algorithm in the ecosystem of blockchain technology is an undiscovered chapter in the field of cryptocurrency. Projects like Phala Network, Glossi, Stacks, Acala Token, and The Graph represent a variety of unique use cases. All these coins have a high growth potential in the market. In the near future, it is safe to say that Layer 4 Network will serve as the integral part of a decentralised future to enhance privacy, accessibility and scalability.
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