Cryptocurrency-powered financial systems boast a high throughput, with the capacity to handle thousands of transactions per second. This functionality is important as there is a widening demand for efficient financial systems. The greatest aspect of Blockchain technology is its ability to prioritize speed and efficiency without compromising security. Money can be moved without borders almost instantly without the hassle of cost.
Stellar (XLM), Solana (SOL), and Metacryp (MTCR) are three highly scalable Blockchain projects with very much to offer in the crypto industry.
A Truly ‘Stellar’ (XLM) Network
Stellar (XLM) is a decentralized open-source payment protocol based on distributed ledger technology that facilitates timely cross-border transactions between numerous currency pairs.
The Stellar (XLM) Blockchain essentially connects buyers and sellers, establishing a highly secure peer-2-peer market, while doing all these at almost no cost. Transaction fees collected within the network are not for profit, but purely for the sake of preventing malicious transactions and double-spending.
Stellar (XLM) connects banks, payment systems, and users to move money quickly, securely, and at almost no cost.
Stellar (XLM) adopts the Stellar Lumens (XLM) as its native currency. This currency serves to power the range of operations within the Stellar network such as trading, transaction fees, staking, etc. It is an inflationary coin with a fixed 1% annual inflation rate.
How Solana (SOL) Improves On Scalability
With a demand for a highly functional and scalable decentralized Blockchain system, Solana (SOL) was launched. It is an open-source cryptocurrency protocol that implements high-speed and permissionless financial transactions while maintaining security and keeping transaction costs low. The smart contract and decentralized framework of Solana (SOL) make it a viable Blockchain alternative for the development of dApps, tokens, and NFTs.
Solana (SOL) was launched in 2020 and has since become a crypto giant, recording all-time highs of up to $200 per coin. SOL, the native coin of the Solana ecosystem, serves a utility function by providing access and powering transactions and also serves a governance function through staking for voting rights within the ecosystem. It is hailed as one of the fastest Blockchain networks in the crypto space.
Metacryp (MTCR) – A Whole New Metaworld
Metacryp (MTCR) is a decentralized open-source protocol that aims to improve user relationships with the metaverse. It is a revolution in gaming and finance (GameFi) solutions that improved metaverse exploration by providing a customizable environment, exciting gameplay, and earning potential for users. The Metacryp (MTCR) would be made available on various handheld and console devices such as PCs, desktops, mobile phones, and gaming consoles, to improve access to the game and foster adoption.
Metacryp (MTCR) features exclusive environments like the Metacryp Country club and also facilitates virtual tourism. The MTCR is the native token of the Metacryp protocol. It is a BEP-20 token built on the Binance Smart Chain with three major uses; Access, Governance, and Reward distribution. Metacryp (MTCR) users can enjoy a fun and secure environment that enables them to socialize, trade, explore, learn, and earn about Blockchain technology and the metaverse.
Projects like Stellar (XLM), Solana (SOL), and Metacryp (MTCR) have solidified themselves as long-term profit makers, as they solve the three major limitations of Blockchain systems; interoperability, scalability, and cost-effectiveness. New crypto users can make purchases and buy into these projects with high expectations, as they are all set to do well and dominate the crypto market in the near future.
Disclaimer: This is a paid release that was not written by Crypto Online News. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Crypto Online News. Crypto Online News does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.