TMS Network heralds a new dawn, casting EOS & Litecoin into the shadows of its blazing success
With older crypto assets like EOS and Litecoin (LTC) falling to the wayside, TMS Network (TMSN) has taken this opportunity to raise more than $4 million in its token presale and take hold of the crypto market. In its second presale phase, TMS Network has offered the innovation missing in the crypto industry over the past few years. With that in mind, let’s take a closer look at EOS, Litecoin, and TMS Network.
Litecoin, one of the oldest and most popular cryptocurrencies, has been showing signs of strength ahead of its next halving event, expected to occur in August 2023. The halving event is a pre-programmed feature of the Litecoin (LTC) protocol that reduces the number of new coins created for every block by 50%. This means the current reward of 12.5 LTC per block will drop to 6.25 LTC per block after the halving.
The halving event is designed to control inflation and increase the scarcity of Litecoin over time. Litecoin (LTC) has a fixed supply limit of 84 million coins, of which more than 72 million have already been mined. The halving event occurs every 840,000 blocks, or roughly every four years, and has a significant impact on the supply and demand dynamics of Litecoin.
Historically, Litecoin (LTC) has experienced a price and trading volume surge before and after its previous halving events in 2015 and 2019. However, risks and uncertainties are also associated with the halving event, such as a potential decrease in mining profitability and network security.
EOS, one of the leading blockchain platforms, is gearing up for a major upgrade that will enable interoperability with Ethereum. The EOS Network Foundation announced the launch of EOS EVM, an emulation of the Ethereum Virtual Machine (EVM), on the EOS mainnet in April 2023.
EOS EVM will allow developers to deploy smart contracts and decentralized applications (DApps) written in Solidity, the most popular programming language for web3 development, on the EOS network. This will open up new possibilities for innovation and collaboration across the two ecosystems and leverage the advantages of EOS, such as high performance, low latency, and negligible gas fees.
TMS Network (TMSN)
What’s missing from the decentralized finance (DeFi) space is an app not necessarily made solely for advanced users – that’s where TMS Network (TMSN) comes in. While using DeFi apps is easy for crypto natives, TMS Network’s decentralized exchange can help grow the crypto space and make it easier for newcomers to get involved for the first time.
One area of DeFi potentially easier than traditional, centralized exchanges is the sign-up process. All someone needs to do is sign into an app like TMS Network (TMSN) and connect the app to their mobile phone or browser-based crypto wallet. They are then ready to go!
TMSN token can also be an easy entry point for those looking to get into DeFi assets, as the token is similar to traditional stocks in that it pays out profits made to token holders.
Both EOS and Litecoin are reliant upon Ethereum and Bitcoin, respectively, for their success, which is problematic for layer-one networks. While TMS Network also builds on Ethereum, it does so at the application layer, which enables it to benefit from Ethereum’s network effects.
To learn more about the TMS Network (TMSN) presale, click on the links below:-