⭐️ Top Real World Assets Coins to Invest in October: Key Players to Watch
Avalanche(#AVAX ) typical transactions are significantly faster
Avalanche has consequently evolved as a major rival of Ethereum, with its major specialty areas being dApps and bespoke blockchain environments. Used with the breakthrough Architecture for scalable blockchains, Avalanche brings scalability without compromising the number of transactions it can handle challenged by other solutions with as much as 6,500 TPS. The network’s unique structure comprises three specialized blockchains: The X-chain, the C-chain, and the P-chain, with the last three letters referring to ‘Chain.’ This significantly differs from the homogeneous node validation methods used by Ethereum and Bitcoin. Also, Avalanche uses various consensus types suitable to each chain while increasing efficiencies.
Chainlink(#LINK ) has added to its decentralized Oracle network
However, the Chainlink that is known today was only founded in 2017 and has a key role in the development of new technologies in this segment. Consequently, as a decentralized oracle network, it allows blockchains to respond to external data, which is mostly necessary for complicated smart contracts. With Chainlink’s increasingly diverse community, there are data suppliers, node runners, and developers to guarantee public involvement. This strong network benefits smart contracts and solidifies Chainlink as a driving force in blockchain integration.
VeChain(#VET ) is Implementing Blockchain Technology
VeChainThor has been established as an enterprise-grade Layer 1 smart contract platform for deploying real-world utility solutions. Founded in 2015 the IoT chain aims to solve several issues in industries by developing IoT combined with blockchain. VeChain operates under a multisig wallet system with VET and VTHO to balance costs and make user gas fee payouts. This makes the platform more attractive for onboarding businesses and individuals into the Web3 world with unique apps like VeBetterDAO in cooperation with the Boston Consulting Group.
