Here’s how Logarithmic Finance is planning to take over the crypto world in terms of transaction speed and gas fees
With new cryptocurrencies being released into the crypto market daily, it’s always hard to keep track of the coins that will make waves. This is especially true when you consider that we have over 18,000 cryptos in the market. One of the newest coins ready to take the world of Defi by storm is Logarithmic Finance (LOG). Let’s see how it’s planning to take over the crypto world in terms of transaction speed and gas fees, especially in the face of top cryptos like, Ethereum (ETH) and Binance (BNB).
Logarithmic Finance (LOG) is currently on the path to becoming a decentralized finance project for the next generation. With the use of web 3.0 and a unique interface, Logarithmic Finance (LOG) has all it needs to bring out the true potential of DeFi while giving innovators the ability to raise funds as well as launch products. This will make attracting top-quality Investors very easy.
With such a platform in place, investors would no doubt have access to select their preferred projects in a bid to get maximum returns on all their investments.
Logarithmic Finance (LOG) is currently on a journey that will not only strengthen but will totally decentralize all liquidity auctions.
Of course, we all know a lot of token swap protocols are available to us right now. They don’t have the arrangements for all projects in their pre-listing stage and this is a huge issue.
Logarithmic Finance (LOG) plans to not work with just Ethereum (ETH) as its major blockchain. They have plans to gently integrate all other major blockchains such as the Binance Smart Chain (BSC), Avalanche (AVAX), Solana (SOL), and Polygon (MATIC) into their system.
One token that’s going completely off-chain as it’s offering solutions is Automata (ATA). Automata (ATA) gives its users the ability to vote for whatever they want to be added or removed from the ecosystem. Believing in this fully private design, they make sure that there is no access from top blockchain networks when trying to decide how transactions will be settled on-chain.
Taking up a position just below Bitcoin (BTC), Ethereum (ETH) has proven to the world why its among the biggest cryptos in the market.
Of course, we all know about its very expensive fees and really slow blockchain network. We also know there’s a reason these things happen. Handling so many transactions from different altcoins using its blockchain is bound to congest it. As it stands, Ethereum (ETH) is making plans to fix all of this and improve their system. They recently announced that they’ll be switching to a Proof-of-stake protocol, having previously been using proof-of-work.
Binance (BNB) is still one of the most favored crypto exchange platforms in the world. One of the many important uses of BNB as a token is its ability to serve as a transaction fee payment coin. Having recently gotten into an agreement with a huge agency in Dubai, Binance (BNB) is set to increase its reach to serve others better. Binance’s (BNB) swift exchange rate as well as its low fees will help it scale even higher than it is right now.