TMS Network’s innovative approach to decimating Polygon and Litecoin
Recently, Worldcoin released what has been described as an innovative wallet application known as World App. Basically, the app is designed to provide digital identity and finance solutions to the broader crypto ecosystem and foster accessibility.
While this went on, TMS Network’s (TMSN) sterling and innovative approach decimated Polygon (MATIC) and Litecoin (LTC) as they continued to struggle.
TMS Network (TMSN)
TMS Network is a cutting-edge decentralized exchange that operates on the Ethereum blockchain. The project gives traders a user-friendly, secure, and trustworthy trading environment and experience.
It is also important to note that TMS Network (TMSN) does not allow room for the need for centralized entities known as middlemen. This means that the project enables traders to take control of their assets and trade with complete autonomy.
This has made TMS Network the darling of the crypto industry and the perfect platform for newbies because it takes pride in being an innovative social trading feature. It also allows users to copy the trades of successful traders in real-time.
These novel initiatives presented by TMS Network have led to overwhelming interest from investors at its ongoing presale. Amidst the current uncertainty in the crypto space, TMS Network has already recorded a 1700% increase, and analysts predict that the token’s value will only continue to rise. This widely acclaimed success has left Polygon (MATIC) and Litecoin (LTC) in the dust.
Polygon gained notoriety early in the pandemic and moved from 2 cents to $3 in 2021, a movement catalyzed by Polygon’s utility in Ethereum scaling.
In simple terms, Ethereum scaling means increasing the speed of transactions on the Ethereum network. Recall that Ethereum is the dominant network executing smart contracts as a non-centralized entity; its speed remains slow even after following the most anticipated Merge.
However, MATIC offers a valuable solution to Ethereum’s slow speed because it is a layer two scaling solution that operates atop Layer 1 blockchains like Bitcoin and Ethereum. To put it right, Polygon is said to have a TPS output of 65,000.
Nevertheless, despite Polygon’s reputation as a top player in the crypto world, MATIC, the native token of Polygon Network, has been declining alongside Litecoin in recent weeks due to negative market sentiment while TMS Network continues its upward momentum.
Litecoin was launched in October 2011 and is one of the oldest giants in the cryptocurrency market. Litecoin shares a strong foundation with Bitcoin, initially starting as a modified version of Bitcoin’s codebase.
One of the ways LTC distinguishes itself from its peers is that it boasts a maximum coin supply of 84 million, four times larger than Bitcoin’s. Although Litecoin is similar to Bitcoin in utilizing PoW for consensus, it distinguishes itself by employing a distinct hash function known as Scrypt.
Although Litecoin is often referred to as the silver to Bitcoin’s gold, offering cheaper and faster transactions than Bitcoin because it is suitable for everyday payments, it doesn’t seem to get much love anymore. This has allowed TMS Network to continue to decimate it alongside Polygon.
While older altcoins like Polygon (MATIC) and Litecoin (LTC) continue to struggle, TMS Network (TMSN) is moving from strength to strength even though it’s still only in phase three of its presale.
Having acquired around $5.6 million in public and private sales already and a token now trading at $0.088, it’s only a matter of time before the presale phase ends. It’s, therefore, important for investors to get in before they go on sale to the general public.
For more information on the TMS Network presale, follow the links below: