Ethereum is one of the most important components of the cryptocurrency market. As the second-largest cryptocurrency market by market capitalization, the impact of Ethereum’s groundbreaking blockchain architecture, which supports smart contracts, decentralized apps, and hundreds of tokens, is clear.
However, amid this new technological landscape, Ethereum continues to grapple with high gas fees and slow transaction speeds. While Ethereum is facing problems, many other alternatives are in an advantageous position. One of them is Bitgert, a layer 1 blockchain with ultra-low fees and ultra-fast transaction speeds. As Ethereum prepares for its next run, smart investors are turning their attention to Bitgart.
Bitgert: A strong competitor
Bitgert is known as a rising star in the layer 1 blockchain market as it is a young player. Bitgert is gaining popularity for its high-speed blockchain that can process up to 100,000 TPS, significantly exceeding Ethereum’s current capabilities. Bitgert also has near-zero transaction costs, which has proven to be a huge advantage in a crypto market where affordability is increasingly important.
Unlike many Ethereum competitors, including Solana and Cardano, Bitgert uses a proof-of-proof (PoA) consensus method. PoA contributes to faster transaction speeds and ensures network security and decentralization. Bitgert is becoming more competitive with Ethereum as more developers and projects show interest in Bitgert. Bitgert is trading at $0.07757, with a market capitalization of $29,963,709, up 1.5% in the past 24 hours.
Ethereum: Rise and Challenges
Since its creation in 2013, Ethereum USD has been the backbone of decentralized finance (DeFi) and NFTs. Its smart contracts enable trustless transactions and are the basis for over 280,000 ERC-20 coins. While Ethereum’s innovations have had a positive impact on the crypto market, it has also been criticized for its high gas prices and low throughput of only 15-30 transactions per second (TPS).
However, Ethereum is working on launching Ethereum 2.0 to solve these problems. This delay has given ground to a number of rivals, some of whom have been named as Ethereum killers, such as Solana, Bitgert, Binance Smart Chain, and Avalanche, offering more scalable alternatives.
conclusion
While Ethereum is the market leader, Bitgart will have an uphill battle due to its technological advances, strong fundamentals, and focus on affordability. Bitgert has become an investor favorite due to its ground-breaking technological advances.
Bitgert’s unique combination of low fees, scalability, and high transaction speeds boosts its growth potential in the fourth quarter. As Ethereum rises in value, Bitgert’s unique value proposition makes it a project to watch in 2024.
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