Ethereum, the second largest blockchain ecosystem, is a force to reckon with. The technology behind it fosters innovation by enabling the development of DApps. However, major concerns like high gas fees, network congestion, and low scalability have made room for competitors such as Gnox, Nano and Axie Infinity.
Launched in 2015 as RaiBlocks, Nano is an open-source, peer-to-peer platform that aims to remove friction in network transactions. It was created to address scalability issues by using a ledger technology that employs a block-lattice data structure to help users transfer value without the intervention of centralized intermediates.
Unlike other cryptos, it utilizes a voting system where users can vote for their chosen representative. Instant transactions without any fee and unlimited scalability make NANO a safe choice from a user’s perspective. Furthermore, the delegated PoW (proof-of-work) protocol makes it immune to security breaches because a successful attack is impossible without the attacker controlling 50% of NANO tokens.
Axie Infinity (AXS)
There is a growing demand for games that combine the excitement of gameplay with lucrative incentives in the form of NFTs and cryptocurrency. Axie Infinity is a platform geared towards building a fully decentralized gaming ecosystem where players manage and govern the protocol.
Run by Ethereum-based blockchain, Axie Infinity offers a revolutionary play-to-earn feature where users can monetize their time and earn real money in the form of SLP and AXS tokens. This concept is innovative in a way that anyone can participate in a gaming ecosystem, even without any knowledge about crypto. Given the unique gameplay experience, there’s a lot of potential for future expansion. The exponential growth in the player base is a testament to what this platform can achieve in 2022 and beyond
A new kid on the block, Gnox is an infinitely scalable Defi earning solution built on the Binance Smart Chain. It aims to transform the future of investing with its disruptive “Yield farming As a Service”, a multi-chain aggregator and educational services.
DeFi can be complex for entry-level investors, and high gas fees on Ethereum-based applications can make things even worse for them. Gnox identified this gap in the market and came up with a protocol that uses treasury funds to earn rewards on behalf of the users. One has to simply buy and hold $GNOX tokens in their wallets to reap the benefits of every transaction on the network.
The project is currently in its presale phase of development, and the contract is set to launch in July. It has been audited by leading blockchain security companies, and several DeFi experts are betting big on it!
Find Out More Here:
Join Presale: https://presale.gnox.io/register
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice