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Blockchain technology was first proposed in 2008 as part of the proposal for Bitcoin (BTC). Since that day, blockchain technology has grown and evolved, with several consensuses blockchains can use to confirm transactions. The main consensuses that blockchains use are Proof-of-Stake (PoS), Proof-of-Work (PoW), and Proof-of-History (PoH).
So, how can Dogetti (DETI), Ethereum (ETH), and Solana (SOL) benefit from the future of blockchain technology? Ethereum recently switched its consensus, allowing it to perform exponentially higher. Solana was the first to use a combined consensus, utilising a PoS and PoH consensus to process 50,000 transactions per second.
Dogetti is new to the crypto market, capitalising on Ethereum's blockchain technology. Let's learn more about these platforms and how they can benefit from the future of blockchain technology.
Dogetti has been labelled the future of meme tokens, accessing multiple sectors of the crypto market through its innovative features. These include the Decentralised Exchange (DEX), the NFT marketplace, and the Dogetti DAO.
The Dogetti DAO will allow DETI holders to vote on proposals that the platform puts forward. Additionally, users can introduce proposals themselves, allowing the community to have their say on how the platform runs.
The NFT marketplace will come in the fifth stage of the roadmap, with the highly anticipated NFT collection appearing in the fourth stage. The NFT collection will come with a breeding mechanism, so users can create new digital companions that they can either sell for crypto or fiat currency or hold!
When Ethereum first joined the crypto market in 2015, no one anticipated the popularity the platform would generate. Ethereum became the second-largest cryptocurrency by market capitalisation and has since cemented itself as one of the most popular cryptocurrencies.
Ethereum's blockchain technology has changed through the years. The platform started with a PoW consensus algorithm that limited its transactional output while increasing its environmental impact.
However, Ethereum has since switched its consensus in arguably the most highly anticipated news in the crypto sphere. The merge occurred in September 2022 when Ethereum swapped its outdated PoW consensus for PoS. This allowed Ethereum to process 100,000 transactions per second at its peak performance while reducing its carbon footprint by 99.95%.
As mentioned above, Solana was the first blockchain project to utilise a PoS and PoH combined consensus. We already know the speeds the Solana blockchain is capable of, so what about the price of the transactions?
PoW blockchains are associated with slow speeds and high gas fees. However, Solana has maintained a low transaction cost throughout its history, with the platform boasting an impressive $0.00025 average cost per transaction.
Solana also allows the minting of NFTs on its platform. Solana has minted over 21.9 million NFTs and confirmed over 148,610,000,000 transactions at the time of writing. The blockchain has achieved this while boasting a 0% net carbon impact due to its energy-efficient combined consensus.
Ethereum and Solana have benefited from the evolution of blockchain technology, hosting consensuses that have improved user experience within the crypto market. The future looks bright for blockchain technology as Ethereum, Solana, and Dogetti could benefit from new upgrades within the blockchain industry.
If you purchase Dogetti during stage one of its presale, the token will increase by 900% when it launches. You can also obtain 25% bonus tokens if you use the 'WISEGUY25' promotion code at the checkout.
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_
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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.
