An Ethereum Blockchain platform with a capacity of 300,000 transactions per second.
Next Smart Chain, a go-Ethereum derivative using the zDAG protocol, has launched a faster, cheaper and more reliable alternative for web3 development.
EINDHOVEN, NOORD-BRABANT, THE NETHERLANDS, July 29, 2022 /EINPresswire.com/ — Next Smart Chain, a go-Ethereum derivative using a layered zDAG protocol, has launched a faster, cheaper and more reliable alternative for dApp ( decentralized application) and Web3 development.
This smart contract blockchain platform is built to compete with the likes of Ethereum with a groundbreaking capacity to process 300,000 transactions per second. This makes Next Smart Chain a reliable platform for decentralized application development as it can meet the high demands of (enterprise) blockchain development.
Built by a team of experienced developers who have been working on the project for the past few years, Next Smart Chain is a ground-breaking blockchain network with a TPS that is 175 times faster than VISA’s system. The Go-Ethereum derivative achieves its high throughput by using a Delegated Proof of Stake (dPOS) consensus protocol that exists across 42 validators, which builds a secure blockchain much more efficiently.
Simplifying blockchain development
In addition to the network congestion realized on popular smart contract blockchains and skyrocketing gas fees, recent years have also seen many blockchain-based projects suffer from over-engineering. As a result, developers who want to interact and build decentralized applications and digital assets spend too much time learning sophisticated programming languages to implement a smart contract.
Next Smart Chain’s solution simplifies the process of dApp development by providing an easy-to-use, drag-and-drop interface that requires no coding skills. Once created, these assets can be immediately used and traded on the Next Smart Chain.
Another ground-breaking solution that Next Smart Chain brings is its incredibly low transaction fees. Compared to Ethereum’s gas fees which are known to rise during peak periods as high as $200 for a simple swap, a Next Smart Chain transaction costs just 0.01 cents, making it ideal for DeFi and NFT applications. Finally, Next Smart Chain has a unique built-in mechanism to recover funds and detect vulnerable code, making it safer for investors.
A ground-breaking DeFi bridging solution
Pioneering its own native currency called NEXT, it is designed with interoperability in mind and availability to bridge any token on EVM-compatible networks, such as Ethereum or the Binance Smart Chain. Without reinventing the wheel, every blockchain user can jump on board using NEXT’s ERC-20 and BEP-20 equivalents.
To become a validator on the Next Smart Chain blockchain network, one must stake as low as 25,000 NEXT tokens and earn as much as 20% APY. There is no minimum stake amount for users who wish to delegate their tokens to a validator. The maximum total supply is 30.3M NEXT, and many spots are still available to become a full validator.
A new world of possibilities
Moving forward, Next Smart Chain hopes to accelerate blockchain and crypto adoption across multiple industries. When asked about the platform’s future, a spokesperson for Next Smart Chain said: “Next Smart Chain is going to be a comprehensive tool with several important decentralized applications that need to exist in a web3 ecosystem.”
Currently, NEXT is in talks with several top 30 exchanges to list its native coin. Finally, we want to be listed on a top 5 CEX. While other blockchain projects are already worth millions, NEXT is an exceptional real diamond with a low market cap of 500k$ that has yet to unravel. And it doesn’t stop there. NEXT believes that its complete ecosystem can provide a good solution compared to the already volatile cryptocurrency market in the past. If you are looking for an investment, then NEXT is your next shot.
Chris van Steenbergen
Next Foundation LLC
+31 85 303 0600
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