Cryptocurrency adoption was largely embraced because of the shady nature of the traditional financial system. It served as a better alternative because of its faster, adaptable, user-friendly, and prioritized community participation, unlike the traditional banking system that turned out to be tedious and expensive. This has been the top aim of Ethereum (ETH), Binance coin (BNB), Cosmos (ATOM), and the newest to the party, Pac-Man Frog (PAC), which is still in its presale phase, making it a top potential project for incredible gains.
Vitalik Buterin, the founder of Ethereum (ETH), has constantly tried to provide the best options for his users on his network. However, the transactions are not fast enough due to the high number of operations per minute. Chang Zhao, the founder of the largest cryptocurrency-trading platform Binance, with its native currency Binance coin (BNB), runs a very effective platform that conducts NFT, fiat and token transactions and continually upscaled usability of his product while achieving the tedious task of scalability.
Nevertheless, in recent times, the battle for which chain is more accommodating and cheaper continues weighing on the Ethereum network giving rise to many other choices for the users. However, the long-term potential cannot be ignored either way, so their characteristics will be discussed below to lay out the bigger picture of its growth in the crypto space in the coming years.
Ethereum was created as an alternative to Bitcoin (BTC). Ethereum being a decentralized open-source platform for global payments, distribution of decentralized applications, and digital economy, was built in 2013 and ranks second in the market cap after Bitcoin (BTC) at an estimated valuation of $24 billion.
Ethereum (ETH) is headlined as having a more diverse and real-world use case than Bitcoin. However, in a scenario where $50 is charged per transaction on a blockchain there is a lot of room for competition. Which future project will appear to be a better option? Crisis could ensue wich could lead to investors looking to other alternatives till satisfaction in price is achieved.
It presently plans to upgrade from proof-of-work to proof-of-stake to combat this. Ethereum 2.0 aims to enhance the Transactions Per Second (TPS) from the generic 10-12 TPS to about 100,000 TPS, to serve as a better launchpad for blooming projects in the NFT and game space, and boost its rollup solutions with projects like Arbitrum.
Binance Coin (BNB)
The native currency of the Binance network, BNB stands out to be the third-ranking cryptocurrency after Ethereum (ETH) even though it was launched initially on its network. Cosmos (ATOM) currently ranks at number 23 on CoinmarketCap.
It is currently the world’s largest cryptocurrency exchange, with Gemini, Bybit, and Coinbase tagging along. It processes a high volume of transactions per hour that is about 200 TPS, at a low gas cost, making it a better alternative to its counterpart, Ethereum.
It rose more than 1000% in the previous year, 2021, surpassing both BTC and ETH in performance. The constant reduction in the supply of BNB is due to use of part of its revenue to buy back and burn BNB every quarter. This enables the increase in its overall worth and valuation in terms of demand and supply.
When compared to Solana (SOL), though, BNB still maintains a decent speed in transactions.
Pac-ManFrog (PAC) is an innovative project that pivots on the importance of community, diversification and solely deals on the Solana blockchain, making it fast and cheap.
This upcoming project aims to develop a fully diversified, decentralized, and adaptable platform that will offer services like NFT launchpads, gaming experience, a platform for team incubation, and visualization of real-time data.
The outstanding features of this project which is still in its presale are outlined in the roadmap of the project.
Features of Pac-ManFrog
It will be the only cryptocurrency marketplace to allow the ability to discover and trade GameFi NFTs while validating the primary and secondary market within the game.
Provide an update of market trends as they happen to keep users updated on the events within the ecosystem.
The platform helps train potential game entrepreneurs and provides a launchpad for their projects.
An initial NFT offering is similar to an Initial Coin Offering (ICO), which would lead to a better accommodation of many projects.