In a month which saw banking shares and the S&P 500 plummet after the collapse of Silicon Valley Bank and Signature Bank, a new deal by First Citizens Bank to buy the embattles SVB saw the markets bounce back. TMS Network (TMSN) – which enables users to trade on traditional markets using cryptocurrencies – surged ahead with massive price increases, leaving crypto competitors Cardano (ADA) and Fantom (FTM) in the lurch.
Cardano (ADA) – The Hydra Doesn’t Get Ahead Despite Improvements to Protocols
Cardano (ADA) is a unique blockchain that uses a scalability solution known as Hydra Head Protocol to optimize its efficiency. Hydra is an open-source framework that enables the creation of off-chain ledgers, allowing developers to use blockchain more effectively. Developed through a collaboration between Cardano (ADA) Foundation and IOG engineers, Hydra is a layer-2 solution that runs parallel to the Cardano (ADA) mainchain, allowing for faster and more complex transactions.
Hydra acts as a private network, enabling users to perform transactions quickly before settling the results on the main Cardano (ADA) chain. This makes Hydra a valuable tool for projects requiring faster transaction speeds. Thanks to its isomorphic nature, transactions within a Hydra head have the same capabilities as those on the Cardano (ADA) mainchain. Furthermore, Hydra supports any programming language backed by Cardano (ADA), providing developers with familiar tools for creating transactions.
Unlike the Cardano (ADA) mainchain, Hydra does not involve stake pools for consensus. Instead, Hydra head participants must reach full consensus on every transaction, providing strong security guarantees.
Fantom (FTM) – Easing Validator Requirements Balances Speed with Decentralization
Fantom (FTM) is a decentralized network that utilizes a unique proof-of-stake consensus mechanism named Lachesis, which offers faster transaction validation and confirmation than traditional mechanisms. The Fantom (FTM) community is currently considering reducing the minimum validator staking requirements, which could potentially increase the number of validators on the network. While some worry that a larger number of validators might slow down the network, Fantom (FTM)’s asynchronous consensus process, which enables validators to confirm transactions independently and share them in small batches, ensures efficient performance. The Fantom (FTM) network can maintain its 1-2 second confirmation period if suitable equipment underpins new validator nodes.
Growing the number of validators on Fantom (FTM) may initially appear to centralize the network, as active validators would continue to confirm most transactions. However, lowering the staking requirements allows smaller validators to participate, ultimately enhancing Fantom (FTM)’s architectural decentralization over time. Fantom (FTM)’s unique consensus mechanism and carefully considered adjustments position the network for a more decentralized and secure future.
TMS Network (TMSN) – Token-Based Solution to New Exchange
The introduction of TMS Network (TMSN) offers traders and investors a new way to look at trading. As a decentralized exchange built on the Ethereum blockchain, TMS Network (TMSN) is a totally decentralized entity with no central governing bodies. The governing token of TMS Network (TMSN) is the key to network ownership, with proprietorship belonging to all who invested in TMS Network (TMSN) tokens.
This advantages token holders by giving them a proportional share of TMS Network (TMSN) income generated through global trading, as well as bestowing voting rights in the future of the network. With regular token burns to combat inflationary factors, TMS Network’s (TMSN) scarcity will increase, raising its value.
The bulk of TMS Network’s (TMSN) income is generated through its volume of trades. While TMS Network (TMSN) trading fees are geared towards making trading more affordable, the quantity of transactions will generate revenue.
TMS Network (TMSN) has already acquired 2.5 million dollars in liquidity and saw a 1,400% increase in price since the launch of its presale, and more investors are buying in. Investors can participate in the second phase of the TMS Network (TMSN) presale, with tokens going at $0.046.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
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