Both Ethereum (ETH) and Cardano (ADA) have loyal investors who have respectively gained on their investment, and for this reason have loyalty to the projects, and believe that investment will continue to pay off in the long term. Can RoboApe (RBA) become a mainstay in the crypto market and adopt a community with the same loyalty? We believe so and have good reasons for this.
Ethereum (ETH) still has extra gears!
Ethereum (ETH) is a global computer network being operated on a blockchain. The project aims to allow developers to build decentralised applications (dApps), in order to create a new system that caters towards users of the network.
The primary feature introduced by Ethereum is smart contracts. This is an autonomous set of algorithms that perform functions when conditions are met. The reason why it is decentralised is because there is no need for a third party to ensure that things are taken care of; everything is peer-to-peer with no central authority. The smart contract verifies everything necessary within the network.
The Ethereum platform itself is powered by the ETH token: the standard currency on the network. In order to use the network, participants must have ETH to be able to facilitate transactions. It has recently been described as the current “web 3.0”, although the functionality is still due for some upgrades to increase usability.
Cardano (ADA) to bring Sovereignty?
Cardano (ADA) is an open-source, smart contract platform for decentralised applications (dApps). The project focuses predominantly on peer-review and scientific study. It is considered to be a third generation platform; with the first generation being Bitcoin and the second being Ethereum, which both share similar issues. Amongst those issues are scalability, interoperability and sustainability.
Cardano is steadily developing their network through a development plan consisting of five stages: Foundation, Decentralisation, Smart Contracts, Scaling and Governance.
The aim is to solve scalability issues by introducing their Ouroboros system. This is the first secure Proof-of-Stake (PoS) protocol.
This system enables faster transactions per second, as well as increasing the security and sustainability of the network. Cardano aims to advance their scalability by dividing the network into sub-networks, ensuring that nodes are not limited by bandwidth. They also intend to implement data storage techniques such as partitioning, compression and pruning in order to reduce scalability limitations.
RoboApe (RBA), Potential to shake things up!
RoboApe (RBA) is a decentralised ERC20 token. It has a combination of three use cases, which are a means of payment, a medium of exchange and a store of value. Holders have access to decentralised finance (DeFi) services within the RoboApe (RBA) ecosystem.
The platform features a distinctive cross-chain swap platform where users can trade their RBA for other tokens from separate blockchain networks. Essentially, users can easily swap between the RoboApe (RBA) platform and others.
RoboApe’s ecosystem is not restricted to a single sector like that of legacy blockchain systems. The majority of tokens are being supplied to its network participants. This is beneficial when incorporating the RoboApe NFT marketplace, where users can trade NFTs.
To mint new NFT pieces, the NFT marketplace will charge a gas price in RBA. Users will be able to create RoboApe trading cards using images and GIF memes that they can either keep or sell. Once produced, the NFT will appear in the creator’s wallet.
RoboApe (RBA) is a meme token with solid fundamental aspects to add to the community incentives. This is a unique development in terms of becoming interoperable, and it would be wise to consider investing whilst the price is low to gain exposure to unrealised growth in the project. However, ensure that you do your own research before making the final decision on your investment!
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