Can Stakenomics Overtake Algorand and Bitcoin in 2022?

Can Stakenomics Overtake Algorand and Bitcoin in 2022?


New to the cryptocurrency market, Stachynomics (STAK) is a cryptocurrency that aims to use the benefits of blockchain technology to change the way transactions are conducted, managed and operated in today’s global financial market.

Old cryptocurrencies such as Algorand (ALGO) and Bitcoin (BTC) have transformed the financial market but Stakenomics intends to do more by creating decentralization and increasing crypto adoption.

Stachynomics (Stack)

Leveraging both Proof of Stake (PoS) and Proof of Work (PoW) consensus mechanisms, Stakenomics (STAK) is an open source decentralized platform that has developed decentralized applications (dApps) that are governed and regulated by its foundation. A smart contract to automate, execute and manage transactions, innovate and develop wealth in a decentralized and distributed environment.

Central institutions in the current financial system suffer from many problems that the Stakenomics (STAK) platform intends to solve through the use of its consensus mechanisms. Issues that Stakenomics (STAK) intends to solve include security, traceability, censorship, and scalability.

The Stakenomics platform is powered by its native token known as the STAK token. The maximum token supply total is 10 million tokens, 20% of which will be offered for sale during the public pre-sale of Stakenomics. The token is a BEP-20 token built on the Binance Smart Chain (BSC). The Stakenomics platform chose the Binance Smart Chain (BSC) due to its specialized features including but not limited to faster transactions, high throughput, and predictable transaction fees.

Algorand Airport (ALGO)

Based on blockchain technology, Algorand (ALGO) is an open source decentralized network that supports and secures decentralized applications and services (dApps). Founded by a computer science professor known as Silvio Micali in 2019, Algorand (ALGO) has several scalable, secure, and efficient systems to allow it to operate and operate in real-world applications.

The Algorand Network (ALGO) has special features that make it unique including but not limited to fast transaction speeds compared to other networks such as Bitcoin (BTC), cheaper transaction fees and a ‘no mining’ policy that helps the network to retain more power unlike blockchain networks Others such as Bitcoin (BTC). The Algorand Network (ALGO) is also compatible with well-known cryptocurrencies such as Ethereum (ETH). This compatibility benefits Algorand (ALGO) as it enables it to connect with decentralized applications (dApps) hosted on the Ethereum (ETH) ecosystem and thus attract more liquidity to its network.

The Algorand Network (ALGO) is backed by its own Proof-of-Stake (PoS) consensus mechanism and is powered by its native token known as ALGO. The total maximum supply of ALGO tokens is 10 billion units in the cryptocurrency market, of which 6 billion units are in circulation.

Bitcoin (BTC)

It was invented by an unknown entity known as Satoshi Nakamoto, Bitcoin (BTC) is the leading cryptocurrency that gave rise to the cryptocurrency industry. It is an open source peer-to-peer digital currency that has led to the creation of a new decentralized financial market that allows cryptocurrency users and enthusiasts to create, buy and trade cryptocurrencies and other digital assets in their daily lives.

BTC stands for Bitcoin’s original utility token and has a maximum fixed aggregate supply of 21 million coins with a circulating supply of 19 million coins.

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 the opinions of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of the information provided in this content. Do your research and invest at your own risk.



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