DTX Exchange (DTX), a Cardano alternative, is making headlines in the crypto market as its value experiences a sharp pump. Chinese investors have acquired 30% of DTX’s total supply, fueling interest and speculation.
Traders are now eyeing this emerging cryptocurrency, curious how it will perform in the competitive blockchain space. Could DTX Exchange be the next big thing after Cardano? This article will discuss what’s driving the DTX surge and its potential impact on the market.
Cardano declared the leading blockchain by its Co-Founder
Cardano (ADA)’s co-founder, Charles Hoskinson, recently said that Cardano is the top blockchain in the world, with a big advantage in decentralized governance. This statement comes just before Hoskinson reveals a new roadmap at the Cardano Summit in Buenos Aires, Argentina. He says this new roadmap has “amazing items” to make Cardano stand out even more than other blockchains.
On October 4, 2024, Hoskinson tweeted:
“For those wondering, Cardano (ADA) is still number 1. It’s not even close with Decentralized governance and all the amazing roadmap items coming.”
Cardano has recently become fully decentralized, meaning control is now spread out. An interim constitutional committee is in charge, but new governance groups will soon take over. Giorgio Zinetti, the CTO of the Cardano Foundation, agreed with Hoskinson’s statement and added that Cardano (ADA) now has the biggest on-chain governance system in the world. This means that Cardano allows its community to help make important decisions right on the blockchain.
Zinetti explained,
“I think we are the largest layer 1 blockchain with on-chain governance. Smaller projects like Tezos and Polkadot also have it, but if there were a leaderboard, Cardano (ADA) would be number one.”
Hoskinson’s thoughts on Ethereum
Hoskinson has previously criticized Ethereum, calling it a “dictatorship blockchain.” He said that Ethereum depends too much on its co-founder, Vitalik Buterin. According to Hoskinson, if Buterin were to leave Ethereum, it would be a struggle because he is the one people look to for guidance.
He believes Cardano’s system is different because it focuses on “efficiency, effectiveness, and integrity.” He said Cardano avoids the problems of Bitcoin and Ethereum by using delegated representatives and a group called “Intersect” to make sure everyone has a say.
Earlier this year, Hoskinson predicted that Bitcoin would fail. He also criticized the Bitcoin community for looking up to Michael Saylor, the CEO of MicroStrategy, saying Saylor’s strategy of borrowing money to buy Bitcoin is not a good idea.
DTX Exchange: A fast and easy way to trade and Earn big
DTX Exchange has been doing well during its presale, already raising over $3.8 million and expecting to hit $4 million by mid-October. This trading platform combines the best of both CEX (centralized exchanges) and DEX (decentralized exchanges), making it easier for people to trade assets like gold, stocks, and cryptocurrencies.
There are over 120,000 different assets you can trade on the platform, and it’s super fast – transactions only take 0.04 seconds! That means you can buy or sell things much quicker than on other platforms.
The platform also rewards active traders with special tokens. The more you trade, the more tokens you can earn and share, helping to build a strong community of users.
DTX Exchange lets you trade using your wallet, so you don’t need a regular bank account. You stay in control of your assets with their non-custodial storage, meaning you decide what happens with your money.
Buy PresaleVisit the DTX WebsiteJoin the DTX Community
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