In 2017, Matic Network, known as Polygon, was created as a Layer 2 scaling solution for Ethereum. The network’s creators, Jayanti Kanani, Sandeep Nailwal, and Anurag Arjun, set out to make Ethereum blockchain transactions more quickly and affordably.

The Matic Network employs a novel design that blends Proof-of-Stake (PoS) consensus with Plasma to increase transaction speeds and lower transaction costs. Decentralized apps (dApps) can be created on the network since it supports smart contracts and can process up to 65,000 transactions per second.

Matic’s value comes from its capacity to address the long-standing scalability problems on the Ethereum network. Matic enables programmers to design dApps that can process many transactions without overwhelming the Ethereum network by offering a Layer 2 scaling solution. As a result, developing and deploying dApps is made simpler and more affordable for developers, which helps users by improving their user experience.

The Matic Network also prioritizes interoperability, making it possible for assets to be transferred between blockchains without any delays. This creates new opportunities for cross-chain applications and links the blockchain ecosystem together.

Now, speaking about BNB is a cryptocurrency created by Binance in July 2017.

The coin was developed as a part of the initial coin offering (ICO) for the Binance exchange to raise money for the platform’s growth. Based on the Ethereum blockchain, which permits the development of smart contracts, Binance Coin can be utilized in various contexts.

The ability to utilize BNB to pay for fees on the Binance exchange is one of the main advantages of the currency. This covers commissions for trading, withdrawals, and listings. Traders and investors can save money on these fees by using BNB to pay for them, which gives them another reason to retain the coin.

BNB can be used to buy goods and services from businesses that accept cryptocurrency payments and use it on the Binance exchange. This increases the coin’s usefulness and helps it become a more widely used medium of exchange.

The function of BNB in Binance’s Launchpad platform is yet another application for the token. New cryptocurrency projects can raise money on Launchpad’s Initial Market Offering (IEO) platform, allowing them to list their tokens on the Binance market. For taking part in Launchpad sales, BNB is the main currency.

Overall, Binance Coin offers value since it can be used as a discount token on the Binance exchange; it is a form of payment that is widely accepted and the primary currency required to participate in new cryptocurrency initiatives.

In the meantime, the Matic Network is a promising answer to the scalability concerns that have held back the Ethereum blockchain. A lack of smart contracts has caused these challenges. Because of its quick transaction speeds, low transaction fees, and focus on interoperability, it is an appealing platform for developers interested in building the next generation of decentralized applications (dApps).

Now, which one of the currencies would you like to diversify the portfolio with? If you’re open to new projects, consider to swap Stacks to Bitcoin as your next business case.

Stacks is an interesting project as well. With it, users take advantage of the benefits of decentralized computing without worrying about the complexities of other blockchain platforms. This is because Stacks uses a unique consensus mechanism known as Proof of Transfer, allowing users to earn tokens simply by holding Bitcoin.

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