Ethereum (ETH) has been the undisputed king of the cryptocurrency world for quite some time now. But, a few up-and-comers are quickly gaining ground and could soon pose a severe challenge to ETH. One is Gnox (GNOX), a unique DeFi treasury platform built on the Binance Smart Chain (BSC), and Polygon (MATIC), the ultimate option to develop dApps.
Despite being a newcomer to the cryptocurrency world, Gnox is already making waves. Gnox is described as the “next generation smart contract platform” that uses the “world’s first reflection project” and has several characteristics that make it particularly appealing to cryptocurrency users and investors.
For one, Gnox is much faster than Ethereum because it utilizes a Binance Smart Chain system. This is why transactions on the Gnox network are confirmed in seconds compared to minutes on Ethereum’s network. Another big selling point for Gnox is its scalability; the platform can handle millions of transactions per second without any slowdown or issues. This is something that Ethereum has struggled with in recent months, as its network has become overloaded due to increased usage. As a result, transaction fees on Ethereum have skyrocketed, and many users have fled to other cryptos like Gnox in search of cheaper and faster options.
Moreover, GNOX is a revolutionary hold-to-earn token offering maximally simplified methods to average investors to generate passive income. By applying a 10% royalty fee, GNOX strengthens the treasury and rewards GNOX holders.
Gnox has surged by 63% recently. While still in the presale phase, curiosity around GNOX increases daily, attracting new investors daily. Gnox’s project has successfully passed Soken Security Audit and earned a KYC badge that automatically eliminates money laundering risks and ensures serious investors in the project’s legacy. According to analysts, crypto whales have already focused on GNOX, believing in this fresh project’s big future.
These aspects give GNOX fans confidence that the project is here to stay and surpass many current leading cryptocurrencies, like ETH.
Polygon, the native token of the Polygon network, is quickly becoming a popular investment for cryptocurrency fans. Although still relatively new on the scene, Polygon has already established itself as a serious competitor to Ethereum, the current leader in the innovative contract platform space.
Polygon network uses a system of security deposits and fraud proofs to allow scalable Ethereum-compatible blockchain networks. In other words, Polygon enables developers to build their decentralized applications (dApps) and create their tokens on top of Ethereum’s infrastructure.
There are several reasons why Polygon could compete with Ethereum.
First, as a Layer 2 scaling solution, Polygon offers near-instant transaction speeds at a fraction of the cost of Ethereum. This makes it an attractive option for developers who want to build dApps that need to process large numbers of transactions quickly and cheaply.
Second, Polygon’s flexible framework makes it easy for developers to customize their applications according to their specific needs. This allows for a greater degree of innovation than what is possible on Ethereum’s mainnet.
Third, because it is built on top of Ethereum, Polygon benefits from all the improvements made to Ethereum’s protocol – meaning that it will only improve with time.
Finally, as more people become aware of Polygon and its potential, its price will likely continue rising. This creates a virtuous cycle in which increased awareness leads to higher prices and even more understanding.
Learn More About GNOX:
Join Presale: https://presale.gnox.io/register
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