With the blockchain space maturing, blockchain service providers and developers like Solana (SOL) and Tezos (XTZ) are entering the market with unique ways of dealing with the challenges traditionally facing blockchain transactions. While all this innovation is a positive development, getting different chains to talk to each other can be challenging. TMS Network (TMSN), a new decentralized exchange, allows cross-chain trading on a single dApp.
Solana (SOL) – Unique Proof-of-History Consensus Makes for Powerful Blockchain
Solana (SOL), a high-performance blockchain platform known for its speed and scalability, has an unusual and lesser-known feature called Proof of History (PoH). PoH is a novel consensus mechanism that enhances the efficiency and security of the Solana (SOL) network. Unlike traditional blockchain platforms that rely solely on Proof of Work or Proof of Stake, Solana (SOL)’s PoH introduces a verifiable time element, allowing Solana (SOL) to establish a single cryptographically secure and trustless time source.
Proof of History generates a sequential and verifiable timestamp for each transaction, effectively creating a historical record. The PoH’s introduction of a chronological order allows Solana (SOL)’s validators to process transactions more efficiently. Validations no longer need to wait for consensus on the order of events before executing them.
This innovative approach allows Solana (SOL) to achieve remarkable transaction speeds of up to 65,000 transactions per second (TPS) while maintaining decentralization and security. It sets Solana (SOL) apart from other blockchain platforms and contributes to its rapid growth and adoption in the cryptosphere.
Tezos (XTZ) – Liquid Proof of Stake Guarantees Staking Without Losing Ownership
Tezos (XTZ) is a unique blockchain platform focusing on on-chain governance and self-amendment. One lesser-known aspect of Tezos (XTZ) is its consensus algorithm called Liquid Proof of Stake (LPoS), which is a modification of the Delegated Proof of Stake (DPoS) mechanism.
In the LPoS system, Tezos (XTZ) token holders can delegate their staking power to validators— known as “bakers” in the Tezos (XTZ) ecosystem — without transferring ownership of their Tezos (XTZ) tokens.
Another unusual feature is that Tezo’s (XTZ) self-amending capability allows the blockchain to incorporate protocol upgrades without hard forks. This is achieved through an on-chain governance model in which stakeholders can propose, vote on, and implement Tezos (XTZ) protocol changes. This process minimizes the risk of contentious splits in the community and fosters an environment of collaboration and innovation.
TMS Network (TMSN) – Cross-Chain Communication for Cross-Chain Trading
Traders wanting to change their asset holdings on tokens residing on different blockchains have to contend with the technical difficulty of finding an intermediary token to facilitate the trade. This is a problem that TMS Network (TMSN) solves in that it allows cross-chain trading without the need for intermediaries.
This not only makes TMS Network (TMSN) a highly versatile exchange offering over 500 crypto tokens as well as traditional financial assets like CFDs Derivatives and FX, but this lack of intermediaries keeps trading fees low, making trading on TMS Network (TMSN) not just convenient, but at a low cost too.
The TMS Network (TMSN) is the apex of evolution in the trading world, providing users with a trading platform and a toolbox of features and solid tokenomics.
On the technical front, TMS Network (TMSN) gives users access to trading bots, allowing TMS Network (TMSN) token holders to trade even when they are not online. Combined with a strategy builder to test trading tactics without risking money and arbitrage opportunity calls, TMS Network (TMSN) delivers excellent trading tools that are easy enough to use for novices but robust enough for the expert trader to implement.
After selling out $500k in the first phase of its presale, TMS Network (TMSN) is now offering tokens at $0.038 during the second presale phase.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.