Toncoin Faces Pressure from This New L1 Crypto Player

Toncoin (TON) is the native cryptocurrency of The Open Network (TON), a layer-1 blockchain originally developed by Telegram. Toncoin is designed to support decentralized applications (DApps), decentralized finance (DeFi), non-fungible tokens (NFTs), and more. Despite facing early regulatory challenges due to its association with Telegram’s Gram project, Toncoin has evolved into a community-driven project with a bullish outlook. Toncoin’s market cap is around $14.88 billion, and it is expected to rise in value, with some predictions seeing it reaching $47 by 2025. But despite all this growth, Bitgert is poised to race ahead of Toncoin. Let’s discuss why: 

About Bitgert:

Bitgert ($BRISE) is another layer-1 blockchain that sets itself apart through its unparalleled transaction speed and ultra-low fees. Bitgert can handle up to 100,000 transactions per second (TPS) and charges only $0.0000001 per transaction, making it one of the fastest and most cost-efficient blockchains available. 

Like Toncoin, Bitgert supports decentralized applications and smart contracts, but its low fees and high scalability make it a standout option for developers and users in the DeFi (decentralized) and NFT(Non-Fungible token) spaces. Bitgert also employs a deflationary token model, where tokens are manually burned to reduce supply and boost value over time.

Why is Bitgert a Better Investment Than Toncoin?

  1. Speed and Scalability: While Toncoin is fast, Bitgert blows it out of the water with 100,000 TPS, offering much greater scalability, especially for high-volume use cases like DeFi.
  2. Consensus Mechanism: Toncoin operates on a Proof of Stake (PoS) model, where validators stake their tokens to secure the network. Bitgert, on the other hand, uses a Proof of Authority (PoA) mechanism, which relies on known, trusted validators. PoA is considered better for scalability and efficiency because it reduces the complexity and energy requirements involved in validating transactions, making Bitgert faster and more eco-friendly compared to Toncoin.
  3. Lower Transaction Fees: Toncoin’s fees are higher compared to Bitgert’s nearly zero transaction cost ($0.0000001), which makes Bitgert far more cost-effective for users who require frequent transactions.
  4. Broader Ecosystem: Bitgert offers a more diverse ecosystem with decentralized exchanges (DEX), centralized exchanges (CEX), and tools like PayBrise, providing more utility and engagement opportunities than Toncoin’s ecosystem.

In conclusion, while Toncoin has its merits and a solid future, Bitgert offers a more compelling package with superior speed, lower fees, a richer ecosystem that could lead to more significant long-term gains. And so, between Bitgert and Toncoin, we place our bets on Bitgert. 

Grab your own $BRISE token at Gate.io, PancakeSwap, MEXC, and KuCoin!

Step 1: Register on the exchange

Step 2: Choose a payment method

Step 3: Buy $BRISE

Buy $BRISE on Bitgert website today. Visit bitgert.com.

 

Disclaimer: This is a paid release. 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 information available in such content. Do your research and invest at your own risk.

 

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Premium Partners

Newsletter