Cryptocurrency is the future of commerce, with hundreds of currencies circulating in the market. The inherent volatility and danger of the cryptocurrency market has caught the attention of young people more than anyone. With the growing popularity of cryptocurrency, many merchants have started to accept it as a form of payment.
A cryptocurrency is a virtual, coded and decentralized trading platform. Unlike fiat currencies, there is no central body that manages and maintains the value of a cryptocurrency. Instead, governance depends on cryptocurrency users across the internet.
The allure of generating money quickly generally attracts young people to riskier assets. The volatility – as well as the decentralized nature – of digital assets like cryptocurrencies and NFTs appeal to today’s youth. Investors, however, have little protection as they are unregulated.
Explore logarithmic finance (LOG)
Log Finance (LOG) aims to be the next generation Decentralized finance (DeFi) exchange protocol, enabling communication and engagement between innovators and early stage investors.
The team is aware of the challenges facing growth Challenge systems, such as rising transaction costs and scalability issues, which have many customers thinking and looking for better options. Many projects and decentralized applications (dApps) choose to build the Ethereum (ETH) blockchain.
To meet investor demand for an ecosystem that allows innovators to easily execute pre-listing liquidity offerings on a blockchain network to their advantage, Log Finance (LOG) will offer cross chain features to innovators early in the project so that they can select the most suitable chain.
The LOG team aims to provide end users with reliable, unbreakable security using fully homomorphic encryption, eliminating the need to decode data packets while the computing process is happening behind the scenes. A truly homomorphic encryption system demonstrates its promise by allowing unhindered processing of encrypted data.
The cross chain the interfaces will support a variety of use cases, broadening the platform’s appeal to innovators and investors. For example, innovators will be able to auction their tokens on Ethereum to the NEO network to benefit from low-cost transaction fees and scalability. Otherwise, cross chain interoperability will allow peer-to-peer transactions on many blockchains.
The highly anticipated development team of Log Finance (LOG) structured an unprecedented strong code and architecture for the platform by practicing a minimalist approach involving a clean and modular code structure. Moreover, the platform guarantees that only critical data is anchored on the blockchain, allowing to optimize the resources deployed.
All of these methods, when combined, have helped to develop balanced and lower gas prices for all Logarithmic finance transactions. Lower gas fees have achieved efficient and adaptable protocol scaling and ultimately a profitable experience for innovators and investors.
Compared to Monero (XMR) and Chainlink (LINK)
Launched in 2014, Monero (XMR) is a secure, personal and undetectable cryptocurrency. The coin has gained popularity within the crypto community.
The team behind Monero (XMR) focuses on decentralization and scalability that enable absolute confidentiality using a specific technique, ring signatures. Due to this excellent security system, the coin has developed an unpleasant reputation due to its connection with criminal activities across the world. Along with this, the extent of security is also useful for rebels of oppressive regimes around the world.
Chain link (LINK) is a blockchain abstraction layer. It uses blockchain technology to protect computations on and off the blockchain, enabling what the company calls hybrid smart contracts. Chain link (LINK) allows businesses to connect to any of the major blockchain networks, including Ethereum (ETH), Solana (SOL), and Terra (UST).
Chain link (LINK) is a blockchain-based decentralized oracle network launched in 2017. The Chainlink oracle network has various use cases as it allows blockchains to exchange data with off-chain systems in a decentralized and tamper-proof manner.
To learn more about why Log Finance (LOG) catches the attention of investors in the crypto world, follow the links below.
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