What will the future hold for Blockchain technology and how will Dogetti, Ethereum and Solana benefit from it?
Blockchain technology was first proposed in 2008 as part of the Bitcoin (BTC) proposal. Since that day, blockchain technology has grown and evolved, with multiple consensuses blockchains can use to confirm transactions. The main consensuses that blockchains use are Proof-of-Stake (PoS), Proof-of-Work (PoW) and Proof-of-History (PoH).
So how can Dogetti (DETI), Ethereum (ETH) and Solana (SOL) benefit from the future of blockchain technology? Ethereum recently changed its consensus, allowing it to perform exponentially higher. Solana was the first to use a combined consensus, using a PoS and PoH consensus to process 50,000 transactions per second.
Dogetti is new to the crypto market, leveraging Ethereum’s blockchain technology. Let’s learn more about these platforms and how they can benefit from the future of blockchain technology.
Is Dogetti the future of meme tokens?
Dogetti has been labeled as the future of meme tokens, accessing multiple sectors of the crypto market through its innovative features. These include the Decentralized Exchange (DEX), the NFT marketplace, and the Dogetti DAO.
The Dogetti DAO will allow DETI holders to vote on proposals put forward by the platform. In addition, users can present proposals themselves, so that the community can have its say on how the platform works.
The NFT marketplace will come in the fifth phase of the roadmap, with the long-awaited NFT collection appearing in the fourth phase. The NFT collection comes with a breeding mechanism, allowing users to create new digital companions that they can either sell for crypto or fiat currency or keep!
Ethereum – The largest smart contract platform in the blockchain industry
When Ethereum first joined the crypto market in 2015, no one predicted the popularity the platform would generate. Ethereum became the second largest cryptocurrency by market capitalization and has since cemented itself as one of the most popular cryptocurrencies.
Ethereum’s blockchain technology has changed over the years. The platform started with a PoW consensus algorithm that limited the transaction output while increasing the environmental impact.
However, Ethereum has since changed its consensus in arguably the most anticipated news in the cryptosphere. The merger occurred in September 2022 when Ethereum replaced its outdated PoW consensus with PoS. This enabled Ethereum to process 100,000 transactions per second with peak performance while reducing its carbon footprint by 99.95%.
Solana maintains cheap transactions with combined consensus
As mentioned above, Solana was the first blockchain project to use a PoS and PoH combined consensus. We already know the speeds the Solana blockchain is capable of, so what about the price of the transactions?
PoW blockchains are associated with slow speeds and high gas fees. However, Solana has maintained a low transaction cost throughout its history, with the platform boasting an impressive average cost of $0.00025 per transaction.
Solana also allows the minting of NFTs on its platform. Solana has minted over 21.9 million NFTs and confirmed over 148,610,000,000 transactions at the time of writing. The blockchain has achieved this while boasting a 0% net carbon impact due to its energy-efficient combined consensus.
Final thoughts
Ethereum and Solana have benefited from the development of blockchain technology, hosting consensus that has improved the user experience within the crypto market. The future looks bright for blockchain technology as Ethereum, Solana and Dogetti can benefit from new upgrades in the blockchain industry.
If you buy Dogetti during phase one of the presale, the token will increase by 900% when it launches. You can also get 25% bonus tokens if you use the ‘WISEGUY25’ promo code at checkout.
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