The most epic rivalry in the crypto industry is between Ethereum and the projects developed to fix loopholes in the Ethereum blockchain. Low scalability, high gas fees, and slow processing times have haunted Ethereum for long, but things might change with an upgraded version of Ethereum 2.0.
In the meantime, “Ethereum killers” like Fantom (FTM) and Gnox (GNOX) are onboarding new users at a rapid pace, thanks to faster technology and lower transaction fees.
Fantom (FTM)
Fantom, with its own consensus mechanism, uses a directed acyclic graph model that is suited for high volumes of transactions and low energy consumption. It can be used to develop anything from NFTs and smart contracts to blockchain games and the Metaverse. Unlike other competitors, Fantom incentivizes developers rather than the users to control the best resources.
In addition to being faster and far more scalable, the transaction fee on the Fantom network is a tiny fraction compared to Ethereum. Furthermore, its compatibility with EVM ensures anyone can simply copy-paste the code and host their contract on Fantom. All these features make it a strong contender for mass adoption in the upcoming years.
Gnox (GNOX)
A majority of DeFi apps are built on the Ethereum blockchain, which makes it difficult for entry-level investors to benefit from yield farming. High transaction fees and upfront complexity can be suicidal for those who don’t comprehend the risks. Gnox solves this problem by providing a DeFi earning protocol and a community-driven ecosystem where anyone can become a DeFi expert by just holding GNOX tokens.
Stakeholders get a 1% share of every transaction on the network, in addition to DeFi rewards generated from treasury pools. The reflection model aims to encourage long-term investments, with an opportunity to earn higher passive rewards as the treasury grows. Advanced tokenomics act as a hedge against volatility, thus allowing the token to hold an inherent bias to the upside.
With the contract already audited by a blockchain security leader, Soken, Gnox is off to a great start within a week of its Presale. Owing to the great demand, the token price has risen by 52% and is poised to climb further with future plans to execute multi-chain expansion and NFT staking.
Find Out More Here:
Join Presale: https://presale.gnox.io/register
Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
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