Use Cases and Comparative Analysis of Blockchain Networks and Layers for DApp Development

Abstract

This paper performs a comparative examination of well-known blockchain networks and their corresponding layers, with a specific focus on their effectiveness and appropriateness for developing decentralized applications (DApps). The evaluation of platforms like Ethereum, Binance Smart Chain, Solana, and Cardano involves a combination of literature review, empirical data collecting, and qualitative assessments. The parameters used for evaluation include transaction speed, scalability, fees, and community support. The research delineates distinct attributes of Layer 1 and Layer 2 solutions that impact the performance of DApps and their adoption by users. The findings suggest that Ethereum continues to be the most inclusive platform for developers, thanks to its advanced smart contract capabilities and wide range of tools. However, Solana and Binance Smart Chain have distinct benefits in terms of transaction speed and cost-effectiveness, making them more suitable for DApps that require a large number of transactions with minimal user interaction. Cardano's Ouroboros consensus algorithm offers a combination of sustainability and scalability, making it well-suited for DApps that demand robust security procedures. The results indicate that the selection of a blockchain network and layer should be strategically aligned with the operational needs and target audience of the DApp, with a focus on the trade-offs between decentralization, security, and performance efficiency.