Cryptocurrency, since its inception, has served as a bridge into the digital world. With decentralised applications (dApps), and blockchain grants access to the transfer of native tokens and information to access new platforms and services from which interested investors will benefit.
Blockchain enables users to make and transfer assets across chains. Though Ethereum (ETH) and TRON (TRX) are not new cryptocurrency tokens, their platforms have proven reliable in providing sustainable services across blockchains.
Supontis Token (SUP), an emerging token, is known for its ability to move tokens within blockchains.
Will Supontis Token (SUP) Improve Blockchain Technology
A team of anonymous developers created Supontis Token (SUP) to work as a bridge, where assets can be transferred between blockchains.
It uses a two-way binding system that ties the value of tokens created in the destination blockchain to those in the initial blockchain. When this is done, the token maintains the same value.
Supontis Token have a decentralised structure, and it is community-driven. The Supontis Token ecosystem uses SUP, a native token that makes staking possible.
With PON, users can participate in the governance and voting processes of the blockchain. It also functions with a decentralised autonomous organisation (DAO), making its governance easily accessible.
SUP, the native utility token of the ecosystem, is a BEP-20 token built on BNB Smart Chain. Asides from giving users voting rights, it can be used to pay transaction fees. Users can also use SUP to earn rewards. Upon launch, the token will be available on PancakeSwap and UniSwap.
Supontis Token chose BNB Smart Chain because it allows users to design smart contracts. Its smart contracts are written in Solidity, an object-oriented, highly secure programming language. Due to this, users will enjoy quick transaction speeds and a low cost of transactions.
For now, Supontis Token facilitates the cross-chain transfer of assets between Ethereum, TRON, Binance Coin, and Fantom. Still, they intend to add more blockchain networks to ensure users can fully interact with other networks.
Does Ethereum (ETH) Have The Potential to Remain A Market Giant?
Ethereum (ETH) is a decentralised blockchain that enables digital money, global payments, and applications with smart contract functionality.
As the second most used cryptocurrency after Bitcoin, Ethereum has shown that it is a dependable network for fast and easy transactions. For many crypto fans, it’s a go-to because of its features.
The Ethereum network is also capable of storing data and running decentralised apps. Because no centralised authority monitors anything, users have complete control over their data and can freely use the app.
Ethereum is the pioneer of Decentralised Finance (DeFi). Developers can use its smart contract feature to create, run, and deploy decentralised applications (dApps).
Though the Ethereum blockchain is slow and expensive, its applications can store and transfer personal data or handle complex financial transactions.
How TRON (TRX) Survives This Crypto Winter
TRON (TRX) is a public and decentralised ecosystem that offers its users a range of decentralised finance services. The main focus of TRON is to help content creators connect with their audiences directly without any intermediary.
With over 3.3 billion transactions and over 96 million accounts, TRON is the world’s fastest-growing public chain. The ecosystem can support many users because it has high scalability, and a highly effective smart contract.
TRON offers DAppChain which helps the use of DApps on the platform, with lower energy consumption and a safe and fast speed.
The decentralisation consensus of TRON is unique because of the distribution of its improved rewards mechanism.
Having gone through the features of these three cryptocurrencies for cross-communication in blockchain technology, the Supontis Token hopes to become the future of cryptocurrency.
To find out more about Supontis Token (SUP), visit the links below:
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