InvWith over a thousand blockchains currently available, it can be challenging to differentiate the serious players from market wannabes. Looking at established players as a benchmark is a way to go. Still, it is easy to overlook promising new entries like NEO (NEO) and Stacks (STX) doing interesting things with blockchain technology and TMS Network (TMSN) taking advantage of Ethereum to deliver a superior trading experience.
NEO (NEO) – Governmental Partnerships Drive Growth
NEO (NEO) is a decentralized blockchain similar to Ethereum with a high adoption rate in Chnina. NEO (NEO) uses delegated Byzantine Fault Tolerance (dBFT), a consensus mechanism allowing for high scalability and fast transaction speeds to facilitate dApp development and smart contracts.
NEO (NEO) has a strong focus on digital identity, community building, and education, with the NEO (NEO) Global Development (NGD) team hosting events and hackathons to promote awareness and adoption of the NEO (NEO) platform. NEO (NEO) supports multiple programming languages, streamlining development on the platform.
NEO (NEO) has established several partnerships with government organizations, particularly in China, where the project originated. One notable collaboration is with the Guiyang Municipal Government, which has made Guiyang a “smart city” powered by the NEO (NEO) blockchain. The “Guiyang Blockchain Financial Development Action Plan” project aims to use blockchain technology to improve government services, enhance the financial industry, and promote regional innovation.
Stacks (STX) – Bringing Smart Contracts to Bitcoin.
Stacks (STX) is a cryptocurrency and blockchain riding on top of the Bitcoin blockchain, giving the Bitcoin chain the capacity for dApps and smart contracts.
The Stacks (STX) blockchain utilizes a proof-of-transfer (PoX) consensus mechanism, which involves the transfer of Stacks (STX) as a way of securing the network. PoX allows for Stacks (STX) to be mined in an environmentally friendly way, as it does not require specialized mining hardware like other cryptocurrencies such as Bitcoin or Ethereum.
Designed to be compatible with Bitcoin, Stacks (STX) users can leverage the security and stability of the Bitcoin network while still taking advantage of the unique features offered by the Stacks (STX) blockchain.
Combining the security and stability of the Bitcoin network with the flexibility and functionality of an innovative contract platform, Stacks’s (STX) community-driven approach to development and governance makes it an exciting project to watch in the blockchain space.
TMS Network (TMSN) – Maximizing Ethereum Use for Safe and Effective Trading.
Ethereum is the second-largest crypto asset for a reason. Its robust foundation and versatile operations have become the de-facto smart-contract operator. It’s these strong foundations that TMS Network (TMSN) exploit in their new decentralized exchange.
A core principle of the new crypto and derivatives exchange TMS Network (TMSN) is commitment to decentralization. There are many reasons why this decentralization is a great idea. Firstly, it gives ownership to all who own TMSN tokens. Holders have voting rights and a direct say in TMS Network’s (TMSN) governance. Secondly, it allows TMS Network (TMSN) to run directly on the blockchain without intermediaries, which keeps trading fees low. And thirdly, the transparent and publicly auditable nature of the blockchain mitigates the risk of counterfeiting and fraud.
Thanks to TMS Network (TMSN) architecture, assets on the exchange are not limited to Ethereum. In fact, it’s not even limited to the blockchain. In addition to over 500 crypto assets, TMS enables users to trade in other asset classes such as CFDs, derivatives, and TMS Network (TMSN) even facilitates users to buy forex with crypto.
The future of TMS Network (TMSN) as a major player – if not the major player – in online trading looks promising. After a successful seed sale, TMS Network (TMSN) generated an additional $500k in liquidity in their sold-out first phase of presale. Users can now take advantage of the second phase of presale, with coins going at $0.025.
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