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It is now proven beyond doubt that PoW consensus is not the best mining protocol for blockchain technology. Bitcoin, Ethereum and other blockchains that are using this consensus protocol are already having issues with high gas cost, insecurity, and low speed. Most of the PoW protocols are now migrating to faster, secure and cheaper mining protocols. Bitgert is leading with the newest blockchain that uses PoA. Read more about the Bitgert 100k PTS and the competition it is beating in the market:
The Bitgert project is one of the few projects that are using advanced mining protocols that offer faster and cheaper transactions while at the same time keeping the network more secure. The Bitgert blockchain uses the Proof-of-Authority consensus (PoA), which has enabled the network to reach 100,000 TPS. This is a consensus mechanism where a validator's identity performs the role of stake instead of PoS that uses monetary.
Bitgert's PoA is a new consensus protocol that is increasingly growing popular with developers. The Bitgert BRISE BRC20 blockchain transaction cost is 0.000021 BRISE, is a sum of $0.0000000000001, making it the cheapest chain. Visit the official Bitgert Twitter account for more about the project.
The Centcex project is built on BSC, but the Centcex team has promised to build the project its own blockchain. This is good news for the community that will be staking their CENX tokens because this means a huge amount of revenue will be generated by the blockchain product. The team building the Centcex is likely to use the POA consensus protocol. However, at the moment, the Bitgert network will be faster than Centcex because Binance is slower than the Bitgert chain.
Solana has been the fastest blockchain in the market for some time now, with a mind-blowing throughput of 65,000 TPS. Solana is using the proof-of-history consensus (PoH). But this may not be the fastest speed anymore since the Bitgert blockchain is delivering 100k TPS. The Bitgert blockchain has been said to be the Solana killer, and this might be true of the Solana speed that does not catch up. The Solana utilities might also be challenged by the Bitgert blockchain. Therefore, we are likely to see tough competition between these two blockchains.
When the PoW became too inefficient, Cardano became the first blockchain to implement the first PoS protocol. It became the fastest and cheapest blockchain to the transaction upon the launch. This was before Solana launched and became the fastest blockchain. At the moment, Cardano has to beat Solana and then Bitgert to become the fastest blockchain. The Cardano has been working on the Hydra scaling program that might push the network speed to 1 million. Therefore, a lot of Cardano developments are coming up.
The Avalanche network is one of the cryptocurrencies projects offering a fast transaction rate. Avalanche is, in fact, the fastest smart contract in the market today. One of the things that stands out about the platform is the increasing scaling solutions that have kept the number of developers growing. The other interesting fact about Avalanche is its compatibility with Ethereum smart contracts. However, Brise chain is proving a force to reckon with might be better than Avalanche in speed and cost.
The Polygon network is one of the best scaling solutions for Ethereum-based projects. That's why the reason Matic has been doing very well in the market. Polygon is using PoS consensus. The fast-growing number of developers on the Ethereum network migrating to Polygon has been increasing the demand for Matic. However, Matic will now have to beat the competition from Brise because the Bitgert chain is compatible with Ethereum. The growing Polygon scaling solution might also drive the growth of the Matic cryptocurrency.
Litecoin is one of the oldest cryptocurrencies in the crypto market. The platform is one of the few PoW protocols in the industry, but the recently launched Litecoin MWEB might have improved the consensus technology to make the Litecoin network more scalable. However, the scaling solution cannot hit the 100k TPS that is currently being produced by the Bitgert BRISE BRC20 blockchain. However, Litecoin still remains one of the most promising cryptocurrencies of 2022, especially once the MWEB is fully launched.
