Crypto

How Vertochain, Near Protocol, and Avalanche Dominate the Crypto Space | NewsBTC

The Crypto Space has been buzzing with the launch of a new cryptocurrency known as Vertochain (GREEN). Although it has not yet been launched, this new cryptocurrency has several features to offer crypto users and enthusiasts who buy it. Furthermore, it also aims to provide several benefits common to older cryptocurrencies such as Near Protocol (NEAR) and Avalanche (AVAX).

it looks green

Vertochain (VERT) is a new cryptocurrency that aims to provide solutions to the shortcomings related to decentralized finance (DeFi) and contribute to the future of the global financial market by contributing to its decentralization.

Vertochain (VERT) is a platform that prioritizes blockchain scalability by enabling peer-to-peer digital asset trading, swapping, and trading across five major blockchains: Binace Smart Chain (BSC), Avalanche (AVAX), Tezos (XTZ), Ethereum (ETH) and Solana (SOL). By importing scalability, Vertochain aims to enable its users to access and use cryptocurrencies and digital assets across and across blockchain networks and to accelerate the adoption of these cryptocurrencies and assets. digital around the world.

Vertochain Platform Features

There are several features associated with the Vertochain (VERT) platform, but three of these features stand out, and they include yield farming, liquidity provisioning, and multi-chain farming. These features will enable the complete democratization of power among the users of the Vertochain (VERT) platform and allow these users to have a say in how the platform is run, operated and managed. Additionally, users will also be allowed to suggest any changes to improve the Vertochain (VERT) platform.

Vertochain Tokenomics

VERT is the native cryptocurrency token that powers the Vertochain (VERT) platform. The token will have a maximum total supply of 500 million tokens of which: #

  • 30% will be offered for sale during the pre-sale of the token,
  • 25% will be used as liquidity on the Vertochain (VERT) platform,
  • 20% will be used as a multi-channel deployment,
  • 20% will be given as a reward on the Vertochain (VERT) platform, and
  • the remaining 5% will be used to find the Vertochain team (GREEN).

Not too far from success

Created by Alex Skidanov and Illia Polosukhin, Close to protocol (NEAR) is a blockchain network that intends to provide its users with decentralized features not common to other blockchain networks like Bitcoin (BTC). It is a computer network regulating a platform allowing creators and developers of decentralized services to create and launch these services.

The functionalities of the close protocol

The Near Protocol (NEAR) prioritizes creating scalability across multiple blockchain networks by including special decentralized applications (dApps) such as the Rainbow Bridge, which was created to enable Near Protocol participants and users (NEAR) to transfer Ethereum tokens between Ethereum and the near protocol (NEAR) with ease.

Another feature of Near Protocol is a Layer 2 scaling solution based on its Aurora network. Aurora was developed using Ethereum’s technology known as Ethereum Virtual Machine (EVM) to enable decentralized creators and developers to launch Ethereum-based decentralized applications (dApps) on the Near Protocol (NEAR) network. ). These creators and developers can use Aurora functionality to access the low transaction fees and high throughput benefits of Near Protocol (NEAR). Additionally, developers and creators will also appreciate the familiarity and decentralized application network of the Ethereum (ETH) blockchain.

The Near Protocol (NEAR) also has another feature called Nightshade. Nightshade is a special variant of sharding in which individual operating sets of participating validating nodes process transactions in parallel across multiple sharded chains, improving the overall capacity of the Near Protocol (NEAR) network. Additionally, Nightshade allows the NEAR Protocol (NEAR Protocol) to maintain a singular string of data at the same time while distributing the computation and processing necessary to maintain that data in small fractions of transaction blocks called “chunks”.

Unlike traditional sharding, Nightshade shards allow more transactions to be processed per second and lower transaction fees, allowing the blockchain to grow more efficiently.

Tokenomics

The NEAR Token is the native official token that powers the NEAR Protocol (NEAR). The token has a maximum supply of 1 billion tokens of which 719 million are currently in circulation. The total supply of NEAR tokens is distributed as follows:

  • 2% is used as community grants.
  • 4% is used as community grants.
  • 10% is used as foundation endowments.
  • 14% is granted to the main contributors to the Neat (NEAR) protocol.
  • 7% is used to build the first Near Protocol (NEAR) ecosystem
  • 6% is allocated to network funders.
  • Small network funders use 6.1%.
  • 12% is offered for sale during the community sale of the NEAR token.

Although it serves a variety of use cases, the NEAR token is primarily used as a means of transaction processing and data storage on near (NEAR) protocols, used to run validator nodes operational on the near protocol (NEAR) by staking NEAR tokens and granting its holders governance rights that will allow them to participate in decision-making processes involving the allocation of resources on the Near Protocol (NEAR).

A mountain or a molehill?

Popularly considered one of the fastest blockchain networks in the blockchain industry today, avalanche (AVAX) is an open-source, decentralized and eco-friendly smart contract platform that supports the execution of decentralized smart contracts and decentralized applications (dApps).

The avalanche operating mechanism (AVAX)

Like Ethereum (ETH), Avalanche (AVAX) also enables the execution and operation of decentralized applications (dApps) since its smart contracts are written in the same programming language used by Ethereum (ETH) known as Solidity.

The mission of the Avalanche Platform (AVAX) revolves around three main objectives: scalability, decentralization and security. The platform intends to do this using its Proof-of-Stake (PoS) consensus mechanism. The Proof-of-Stake (PoS) consensus mechanism allows the Avalanche platform (AVAX) to maintain its security and validate the transactions carried out on its network.

The Avalanche Protocol (AVAX) aims to solve the problems limiting blockchain technology by using three different blockchains. These blockchains include:

  • The Exchange Chain (X-Chain): This is the main default blockchain of the Avalanche Ecosystem (AVAX) where digital assets are developed and traded. AVAX, the native utility token that powers the Avalanche Platform (AVAX) is one such digital asset.
  • The chain of contracts (C-Chain): this chain allows the development, creation and execution of smart contracts. This chain enables Avalanche (AVAX) smart contracts to take advantage of cross-chain interoperability since the Avalanche (AVAX) platform is based on the Ethereum Virtual Machine (EVM).
  • The Platform Chain (P-Chain): This chain is responsible for coordinating validators and individual nodes and enables and enables the creation, operation and management of subnets.

The AVAX token

Transactions made on the Avalanche (AVAX) platform are powered by its official native utility and governance token known as AVAX. The AVAX token is a capped rare token with a maximum total supply of 720 million AVAX coins, half of which were distributed when the Avalanche platform launched in 2020. There are currently 281 million AVAX tokens in circulation.

The AVAX token is used to pay transaction fees, gas and taxes on the Avalanche platform, secure the platform through staking, interact with Avalanche smart contracts and provide a unit of account between different sub-systems. networks created on the Avalanche Network (AVAX).

How to buy the GREEN token

Currently in its pre-sale phase, the GREEN token will be available for purchase on various centralized exchanges (CEX) and decentralized exchanges (DEX). Users who purchase the GREEN token using Ethereum (ETH) or Binance Coin (BNB) will receive a 9% and 10% bonus respectively.

Disclaimer: This is a paid version. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of the information available in this content. Do your research and invest at your own risk.

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