Innovation is the buzzword to guarantee success in any field, and the crypto world is no exception to this rule. In a field dominated by Bitcoin and Ethereum, it takes all the smarts one can muster to be successful, and Avalanche (AVAX) and Solana (SOL) have taken this mantra to heart to stay relevant in the crypto world.
This article will look at the innovations that Avalanche and Solana have incorporated into their networks to emerge successful. We will also look at DogeMiyagi, a meme coin with an innovative development model that has investors hooked to its presale.
Avalanche: An Ethereum Killer in the Making
The Avalanche network is a challenger to the dominance of Ethereum in the smart contracts space. The network aims to unseat ETH with its innovative blockchain. The network is divided into three blockchains, each with its own distinct function. The three-chain approach enables the AVAX network to have a significant edge over Ethereum in terms of transaction speed and scalability.
The Avalanche network started developing its ecosystem to host dApps and DeFi in 2020 and, since then, has grown in capability. The ecosystem allows interoperability with other blockchains and has been a crucial factor behind its success. Apart from these advances, the other strategy the AVAX network employs is the integration of popular dApps on other blockchains into its ecosystem. These advances have contributed to the network with its high potential.
Solana: The Big Bet on Speed and Multilayers
Solana was designed from the ground up to be a network with high throughput and scalability. The network has a top transaction speed of 50,000 transactions per second. Solana’s network, similar to Avalanche, is also divided into three layers, with each layer performing a dedicated task in the operations of the blockchain. This delegation of tasks gives the SOL network its high speed.
Solana’s multilayer architecture also gives it high scalability and high-grade security. The network uses a proof of stake algorithm to validate the transactions on the network giving it high security. The network has the potential to process millions of transactions per second and add in the low cost of doing transactions, and Solana is a heavyweight in its own regard.
DogeMiyagi: The Wise Sage of Meme Coins
Meme coins usually face ridicule for being rudderless projects with no substance. DogeMiyagi, a new meme coin in presale, is a case study in the opposite direction with its strategic planning and dedication to a community-centric development model. The token takes after Mr Miyagi of the Karate Kid franchise and espouses the virtue of patience the film character professes.
The project has thrown its weight around developing DogeMiyagi NFTs in its ecosystem. The push for NFTs is aimed at creating a revenue stream for its community. The network has also stated its plans to be a full DAO network after its launch. The network will have its $MIYAGI as its utility and governance token.
The project has stated that it will burn tokens periodically to maintain the value and scarcity of $MIYAGI. The decision to base the project on the Ethereum blockchain is also a game-winning strategy and adds a lot of credibility and security to the project. The network also has in place a referral programme where holders can refer the network to friends and family and get rewarded in $MIYAGI.
The Last Word
The use of innovative strategies by AVAX and SOL is what will give them a leg up in their pursuit to be top crypto assets. The patient and community-centric approach of DogeMiyagi could potentially make it a top asset and challenge for the meme coin throne.
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