Can Youniverze Finance, Bitcoin and Ethereum Help Revive the Bearish Market?
This summer has been a difficult period for crypto investors. It has seen prominent cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Terra (LUNA) drop significantly in value. The volatility in the crypto market has made many buyers wary of which blockchain network they want to invest in.
Despite Bitcoin and Ethereum’s rapid declination over the past three months, the two coins have managed to maintain their positions as the most valuable cryptocurrencies in the market.
An upcoming crypto network that aims to reach the same heights as the two blockchain networks is Youniverze Finance (YUNI), a multi-chain project that aims to elevate blockchain technology by improving procurement and trading. This article will explore how Youniverze Finance, Bitcoin and Ethereum can contribute to the revival of this bear market.
Youniverze Finance – The multi-chain network
Youniverze Finance (YUNI) is the one-stop solution for seamless transactions. YUNI wants to eliminate the complexity of performing crypto transactions. Youniverze Finance too
The project can be used for governance, such as voting and polling, to encourage and reward early contributors to the project. Essentially, Youniverze Finance aims to make crypto markets more accessible to average users by having a wide variety of applications and features.
The network plans to recognize the most cost-effective bridge or DEX with the cheapest exchange rate to make crypto transactions affordable for token holders.
In addition, Youniverze Finance enables chains to meaningfully engage with each other by maintaining their autonomy and security. YUNI token holders can stake to receive rewards while participating in critical proposals and decisions regarding the future of the ecosystem.
The new crypto network allows users to access multiple liquidity providers, including multi-chain and in-chain liquidity providers. With YUNI in the first phase of the presale, users have a 6% bonus available for the next six weeks – giving buyers plenty of time to purchase the token.
Bitcoin – The founder of Crypto
The notoriety of Bitcoin (BTC) is eminent due to being the first cryptocurrency. It emerged in January 2009 as a peer-to-peer digital currency, meaning that all transactions occur directly between independent network participants, without the involvement of an intermediary to facilitate them.
Bitcoin was founded by an anonymous person who goes by the pseudonym ‘Satoshi Nakamoto’, who published the currency’s whitepaper in October 2008. Many wonder how BTC has managed to maintain its dominance in the crypto market for thirteen years. Being the first cryptocurrency to ever exist gives it a unique advantage over other coins,
Bitcoin has millions of enthusiasts who create, buy and distribute Bitcoin. It has created a global society by introducing the world to a new digital industry. BTC has gained over 1,000 in market cap as of August 8, 2022, and shows no signs of slowing down.
Ethereum – The Smart Contracts Pioneer
Ethereum is a cryptocurrency responsible for revolutionizing smart contracts in blockchain networks. Smart contracts are computer programs that automatically perform the necessary actions to fulfill an agreement between several parties online.
They were designed to reduce the need for third parties involved with contractors, reduce transaction costs and increase transaction reliability. Ethereum’s main innovation was to create a network that allowed it to execute smart contracts using blockchain technology to enhance the existing benefits that smart contract technology provides.
Ethereum recently announced its plan to move from a proof-of-work consensus to a proof-of-stake algorithm, which it believes will improve sustainability and scalability. This switch had been planned since Ethereum’s inception in 2015 and would see a new consensus mechanism while introducing sharding as a scaling solution.
This transition will be known as Ethereum 2.0 and is being tested this week, with further execution planned for September 2022. Ethereum’s consistency in adapting and improving blockchain technology makes it one of the most dominant cryptocurrencies in the market. If you want reliability when buying a cryptocurrency, look no further than Ethereum.
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