The cryptocurrency market has grown in popularity to a huge extent. The market is more than what it used to be and offers a lot of potential for the future.
While there are different projects and tokens in the world of cryptocurrency, you’ll find that there are many similarities between each of them.
One of the universal features of most crypto projects is that they charge transaction fees to process token sales, purchases and swaps on their network. Then, they are used to pay users who have provided some form of liquidity to the network.
There’s no doubt that transaction fees are crucial to the sustainability of the network, but paying these fees can be unexplainably expensive on certain networks.
The Ethereum (ETH) blockchain is a popular culprit for charging extraordinary fees because of the congestion of smart contracts and decentralised projects on the network.
Solana (SOL), Cardano (ADA) and Logarithmic Finance (LOG) are recent crypto projects designed to cope with the deficiencies of the Ethereum (ETH) protocol.
Solana (SOL) is a decentralised project designed with the capacity to host decentralised applications. It was developed in 2017 as an open-source protocol that was built by a development lab in San Francisco. You need to note that the entire Solana project is funded by the Solana Foundation, Geneva.
When you compare the transaction speed of Solana (SOL) with other blockchains, you’ll realise that it boasts a faster speed and can process operations at a cheaper rate too. It has been touted to rival the efficiency offered by Ethereum.
Solana (SOL) is a decentralised platform that runs in a native token – SOL. This token serves as a way to denote value on the Solana blockchain.
Despite being a protocol token, Solana (SOL) rose to unexpected heights in 2021. Today, the token has a price of $44.37 and a market cap of $15.03 billion.
During the release of the Solana (SOL) ecosystem in 2017, its founder – Anatoly Yakovenko – released a whitepaper that explained the Proof-of-History mechanism that powered the blockchain. This mechanism was used to verify the passage of time between events and is used to ensure timeless recording of transaction data into a ledger.
Cardano (ADA) is currently one of the largest crypto assets on the market.
This project is designed to be a flexible and sustainable decentralised platform. The main purpose of the Cardano (ADA) blockchain is to support smart contracts and give access to a wide variety of features; games, new crypto tokens, etc.
The main purpose behind the development of the Cardano network was to create a protocol that could improve on the features of Ethereum (ETH). Yes, Ethereum was widely accepted by the entire crypto community but it has also become slower and costlier.
Cardano runs on an innovative proof-of-stake mechanism, called Ouroboros. This system was more energy conservative than the proof-of-work system. As a result, Cardano (ADA) is more efficient and can process more transactions than Ethereum.
ADA is the native token of the Cardano blockchain protocol.
According to information on its official website, Logarithmic Finance (LOG) is a layer-III swapping protocol. The purpose of this protocol is to smoothly and efficiently connect innovators and connectors.
This network exists as a non-custodial ecosystem that allows crypto users to be able to raise funds for projects on any supported blockchains. Logarithmic Finance (LOG) can support blockchains such as; Binance Smart Chain, Polygon, Tezos, Avalanche, Solana, and Ethereum (ETH).
Logarithmic Finance (LOG) is an ERC-20 utility token of the Logarithmic Finance (LOG) ecosystem. With this token, crypto users can enjoy staking rewards, access to large liquidity pools, governance rights and high-yield investments.
Are you interested in joining the Logarithmic Finance (LOG) community? Click on the presale link below to get started.
Presale: https://presale.logarithmic.finance/register
Website: https://logarithmic.finance/
Telegram: https://t.me/LOGARITHMIC_FINANCE_OFFICIAL
Twitter: https://twitter.com/LOGARITHMIC_FI
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
HashKey stops Binance wallet transactions, launches global services, and partners with Animoca to educate and expand in Asia, aiming to become a top licensed exchange within five years.
WeiliangThe agency contended that the court holds jurisdiction due to actions undertaken within the United States by the defendants, including Sun.
CatherineTelegram's integration of Tether onto its TON blockchain opens up global payment possibilities for its 900 million users, potentially transforming it into a WeChat-like platform for the West, while raising questions about TRON's future with Tether.
AnaisSwiss advocates propose amending the constitution to include Bitcoin with gold in national reserves, aiming to enhance financial sovereignty and prompt fiscal discussions in Switzerland.
AlexThe New York Stock Exchange (NYSE) is conducting a market survey on 24-hour trading, partly due to the increase in activities from Bitcoin and retail investors.
MiyukiAmid escalating geopolitical tensions across various regions globally, renowned investor and author of "Rich Dad Poor Dad," Robert Kiyosaki, believes this could lead to another world war, with Bitcoin likely to perform well. This acclaimed author has long recommended gold, silver, and Bitcoin.
WeiliangThe IRS has released a draft 1099-DA tax form, which experts warn will allow for large-scale collection of Bitcoin trader identities and transfer data from encrypted wallet addresses.
AlexAccording to an unaudited report, Animoca Brands reportedly holds $291 million in cash and stablecoins.
KikyoThe recent Bitcoin halving has sparked optimism among analysts, with predictions suggesting prices could reach as high as $4.5 million per coin, driven by limited supply and growing institutional interest. Bitcoin's potential as a sustainable mega-asset, supported by institutional investment and a narrative shift towards environmental friendliness, signifies a bold new era for the cryptocurrency.
WeatherlyThailand tightens controls on unlicensed crypto exchanges to combat financial crimes, urging public to withdraw funds and verify platform licenses to enhance safety and compliance.
Miyuki