Blockchain technology is decentralizing a range of services, including the financial industry, by removing the centralized authority to enable people to transact directly. The centralization not only makes access to services expensive but also slow. The biggest challenge for the current blockchain-based project is to make this technology useful in the real world.
Fantom's tough competitor, Bitgert, is one of the projects developing products with real-life use cases. The Bitgert BRC20 blockchain has products that directly impact real people by making their lives better and simpler. Read more about the Bitgert BRC20 blockchain and Fantom below.
The biggest achievement that the Bitgert team has made is building a blockchain that is increasing the adoption of cryptocurrency. The Bitgert BRC20 blockchain has improved two major issues in this industry. First, the Bitgert chain has zero gas fee. The cost of transacting token on the Bitgert chain is $0.0000000000001, which qualifies to be a gasless chain. Second, it is also the fastest blockchain at 100k TPS.
But it is the products on the Bitgert BRC20 blockchain that are making a real impact. The Bitgert Startup Studio is one of the projects that will impact small businesses in a big way. These businesses and startups usually lack funds to boost their operations. With this program, small-scale entrepreneurs will be able to raise funds by simply creating BRC20 tokens on the Bitgert chain. This is a revolutionary program.
The Bitgert team is also building more products for the BRC20 blockchain that will give the chain real-life use cases. That's what the Bitgert BRC20 blockchain is focusing on.
Even if the Centcex just started three months ago, it is one of the projects worth watching in 2022. This is because of the nature of this project and more the uniqueness that it comes with. The Centcex team is working on building a monster blockchain project by building an unlimited number of products for the Centcex network.
The Centcex products will include exchanges, staking programs, dApps, and so on. All these products will be generating revenue that will be shared among the staked tokens at 100% APY. This is what's making the Centcex project popular with the crypto community. The huge staking reward is one of the reasons why a large number of crypto investors are buying Centcex tokens.
Fantom (FTM) is another cryptocurrency performing very well in the industry. The price for this layer-1 blockchain has been doing well in the market as well. This is because the Fantom platform is providing blockchain users with a faster network that also offers cheaper transactions cost in terms of gas fee. That's when compared with Ethereum and other chains.
Being an EVM-compatible smart contract has also made the Fantom (FTM) network popular with developers. But there is a lot of competition coming from the Bitgert chain, with lower gas fee and a faster chain. So Fantom team will need to do more to keep the chain competitive. The Fantom (FTM) network needs a faster mainnet that beats the 100k TPS and also a lower gas fee than what the Bitgert chain is offering.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.