Place/Date: - April 5th, 2022 at 4:30 pm UTC · 3 min read
The cryptocurrency market continues to expand at an exponential rate. Bitcoin (BTC) may currently be the most popular crypto, but its competitors are on the rise with promising benefits that could lead to Bitcoin being overshadowed.
Currently in its stage 1 presale, Logarithmic Finance (LOG) is an exciting new cryptocurrency project seeking to transform the DeFi (Decentralised Finance) scene, and create an efficient environment in which early investors can connect effortlessly.
Smooth-functioning interoperability is a central goal of this project, endeavouring to tackle the restrictions that other swapping protocols hold in regards to cross-chain movement. Logarithmic Finance strives to create a secure, non-custodial cross-chain platform allowing tokens to be transferred between blockchain networks with ease, whilst generating multiple opportunities for gaining funds.
One noteworthy aspect of Logarithmic Finance (LOG) is their employment of a secure code system in which only vital data is stored on the blockchain, essential in achieving their goal of 80% reduced gas fees. Another key feature is the NFT Swap; LOG token holders will have sole access to NFT auction functionality enabling project innovators to receive payment for their NFT’s in exchange for stablecoins or alternative cryptocurrencies.
Following their initial launch, Logarithmic Finance are intent on ensuring their ecosystem is entirely community-run. At present they support Ethereum but also plan on adding support to other major blockchain networks such as Polygon, Avalanche and Binance Smart Chain.
The high-performing blockchain Solana (SOL) has had significant gains in the past couple of weeks, establishing itself as one of the top 10 cryptocurrencies in the market.
According to Jonathon Cheeseman, the head of institutional sales at exchange FtX, a possible reason for this surge could be their increased popularity due to the fitness app STEPN running on the Solana (SOL) blockchain, or perhaps their adoption of NFT’s on the OpenSea marketplace. Additionally, their reputation as an advanced blockchain offering efficiency and low gas fees is propelling their position in the cryptocurrency market.
The Bitgert (BRISE) blockchain is the first of its kind with its prize feature of a zero gas fee, making it a particularly powerful competitor, especially when compared to chains such as Ethereum with gas fees as high as 50 dollars. Although Bitgert has not been around for as long as Solana, it is looking highly possible that Bitgert will go on to outshine other blockchains in 2022.
In addition to offering the lowest gas fees yet, Bitgert (BRISE) has reached a speed of 100k TPS putting it in the lead as the fastest blockchain, and has also created a bridge which allows other networks to benefit from low gas fees. These distinctly positive aspects of Bitgert present a formidable challenge to other blockchains.
Awareness of the fluctuating nature of the cryptocurrency market is important for all crypto investors. To make smart investment decisions it is vital to do your own prior research.