The post ETH Coin’s Price Strengthens, But This L1 Could Be the New Powerhouse appeared first on Coinpedia Fintech News
As the correction phase in the crypto market came to an end, the global crypto market started gaining momentum again and is ready for another bull run, expected in Q4. ETH Coin has consistently ranked the second-largest cryptocurrency by market capitalization because of its smart contract capability and capacity to host countless tokens. However, as the ETH Coin price rises, many investors are looking for a layer-1 blockchain project that is faster, less expensive, and more scalable.
Bitgert is a younger player than Ethereum, which has been gaining popularity as a layer-1 blockchain project. Given that ETH Coin continues to have high gas fee concerns and scaling challenges, Bitgert emerges as a potential player capable of providing faster transaction speeds and lower-cost solutions. In this piece, we’ll examine how Bitgert promotes itself as a game-changing L1 contender who can challenge ETH Coin’s dominance.
ETH Coin Strengths and Limitations
Ethereum is widely recognized as the first blockchain-based innovative contract platform. ETH Coin developed the idea of self-implementing contracts, which eliminated intermediaries, reduced costs, and increased dependability. It is also the preferred platform for issuing ERC-20 tokens, which are now commonly utilized by several major cryptocurrencies.
Despite its early advances, ETH Coin scalability is limited by its long-standing PoW (Proof of Work) mechanism. ETH Coin faces high gas fees and limited capacity, handling only 15-30 transactions per second (TPS). However, by using the Proof of Stake (PoS) consensus mechanism, Ethereum 2.0 claims to address these concerns.
Bitgert Vs ETH Coin
Bitgert is said to be one of the greatest rivals, and it has made headlines as an L1 blockchain aiming to address ETH Coin issues. Bitgert is designed to be a more efficient and cost-effective platform for both developers and consumers. Bitgert has practically $0 gas fees and speeds of 100,000 TPS. Furthermore, Bitgert provides intelligent contract delivery, making it a desirable choice for decentralized apps (dApps), NFTs, and DeFi projects.
Unlike ETH Coin, Bitgert’s blockchain was built with scalability and sustainability in mind. A competitor to the ETH Coin PoW consensus mechanism, the PoA (Proof of Authority) consensus of Bitgert maintains an ideal balance between speed and security, thereby strengthening it.
Conclusion
ETH Coin is undeniably a blockchain giant, but for developers and investors who are eyeing the future of blockchain technology, Bitgert is the name to watch. Bitgert has positioned itself as a next-generation competitor, delivering the swiftness, affordability, and scalability that ETH Coin is struggling to achieve.
As the price of ETH Coin rises, Bitgert may soon emerge as a strong challenger in the L1 blockchain powerhouse.
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