What is Waterfall Network?
Waterfall is a highly scalable and decentralized BlockDAG EVM-compatible Layer 1 protocol. Low transaction fees and EVM compatibility make Waterfall the platform of choice for Dapps.
Problem
In the current situation of developers and enterprises looking to deploy decentralized applications on blockchains, they are often faced with issues related to scalability, high transaction fees, and compatibility with existing Ethereum-based apps.
High transaction fees is a significant drawback as it increases the cost of operations. Moreover, difficulties in ensuring compatibility with Ethereum-based applications present hurdles for seamless deployment and integration.
Solution
Waterfall is a blockchain platform.
It provides a highly scalable, decentralized protocol that is EVM-compatible.
Decentralized BlockDAG EVM-compatible Layer 1 protocol allows users to enjoy low transaction fees and deploy a wide range of applications compatible with the Ethereum ecosystem easily.
Customers
Blockchain developers who create decentralized applications.
Tech enterprises focusing on blockchain integration.
Startups in the fintech sector seeking cost-effective blockchain solutions.
Unique Features
Its Layer 1 protocol, being EVM-compatible, allows for easy migration and deployment of Dapps for developers leveraging existing Ethereum applications.
The BlockDAG technology ensures high levels of scalability and low transaction fees, providing a competitive edge over traditional blockchain platforms.
User Comments
Users appreciate the low transaction fees associated with the platform.
The scalability aspect of Waterfall is heavily praised.
Many users favor its compatibility with Ethereum-based apps.
Some users suggest the need for more development tools.
There are positive remarks on its potential for enterprise-scale solutions.
Traction
Waterfall has not disclosed specific figures such as user numbers or revenue publicly as of now. Potential users are evaluating its unique benefits over mainstream blockchains.
Market Size
The global blockchain platform as a service market is expected to reach $24.94 billion by 2027, growing at a CAGR of roughly 15.2% from 2020 to 2027.
