May 2022 had been a heart-stopping ride for the crypto market. Most of you have heard about the recent meltdown of Luna, a cryptocurrency released by Terra. With a peak market cap of over $40 billion, the project suddenly slumped, and the price of Luna dropped from $90 to less than $0.00015 within a few days. The plunge of Luna, which was formerly one of the top 3 stablecoins, far exceeded the price drops of altcoins out there. Meanwhile, investors holding Luna also suffered heavy losses, and many have lost millions.
In nearly a month since the Terra meltdown, Terraform Labs recently released Terra 2.0, a new version of Terra, and equipped it with newly minted Luna coins to make a comeback. Yet, will investors still trust Terra 2.0? Trust can dissipate instantly, but it takes a long time to build.
At the moment, Ethereum remains at the center of public chain ecosystems. That said, Ethereum is also subject to multiple flaws. For example, due to its low TPS, a large commercial DApp in the ecosystem can slow down the entire network. Moreover, Ethereum users also have to pay expensive gas fees. During peak hours, a single transfer could cost hundreds of dollars, which hinders the large-scale adoption and growth of DApps. Though Ethereum has rolled out ETH 2.0, there is no specific date as to when the ETH 2.0 upgrade will be fully completed, and the upgrade process has not been all plain sailing.
Undoubtedly, the boom of DApps is enabled by public chains that feature high performance and low fees. Committed to building the infrastructure for the blockchain world, CSC is exactly such a public chain.
CoinEx Smart Chain (CSC) is a decentralized, efficient public chain created by CoinEx’s public chain team for decentralized finance. CSC provides developers with an efficient and low-cost on-chain environment where they can run smart contracts and DApps and store digital assets. In our view, CSC boasts the following unique advantages.
1. Great performance
Speaking of the performance of a public chain, the most commonly used indicator is TPS, the number of transactions that a public chain can process per second. Simply put, TPS is like throughput. The higher the TPS, the greater the performance of a public chain. CSC features a TPS of up to 1,000. To understand what that means, we can compare CSC’s TPS with that of Ethereum and BSC.
TPS
Ethereum: 15
CSC: 1,000
It’s clear that CSC’s TPS is way higher than that of Ethereum and BSC. This means that the public…
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