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press release
PRESS RELEASE. While Ethereum has given way to a brave new world of decentralized financial applications that are completely permissionless, accessible and groundbreaking in many ways. However, it has done so on an experimental basis and with great costs. Ethereum provides a foundation on which these decentralized applications can be built upon but it is not ready for worldwide spread adoption.
Simple transactions on the Ethereum network can cost upwards of $10 and interacting with smart contracts can even be several times more expensive. While Ethereum’s undeniable success has allowed it to garner a powerful DeFi community, and massive volumes both in decentralized trading and total value locked (which currently sits close to $40B in total) its infrastructure is simply not ready for widespread use. When the network is highly used, congestion leads to block space competition which drives up standard gas fees.
This is where NEXT.chain comes in. Building on the shoulders of giants like Ethereum and Bitcoin, NEXT.chain has taken the best of both worlds to create a DeFi-ready chain that can be leveraged by companies and typical users alike for all their decentralized finance needs. From permissionless trading, to decentralized asset issuance (with a few clicks of a button), and the creation of DAOs or NFTs.
Why NEXT.chain is the next big thing in DeFi
So what sets NEXT.chain apart from its competitors? Well, the project is leveraging a decade long history of well-known and tested technology, building on Bitcoin-core, but expanding it with multiple new features and characteristics such as Proof of Stake consensus mechanism complete with Masternode network of over 200 peers of validation for quicker transaction speeds and privacy-enabled transfers (up to 10,000 transactions per second).
It also allows it to draw from the Bitcoin mining community by providing a merge mining option that will incentivize both community members and developers to use and build on NEXT. This will be made even more evident with an API integration for 3rd parties.
NEXT.chain is not just for miners, it’s for the masses. That’s why fees will always remain low and why aliases will be a big part of the NEXT ecosystem, allowing users to send money to their contacts rather than to long strings of random alphanumeric characters. In order to bootstrap NEXT.chain and provide end-users with a seamless payment experience NEXT.chain has partnered with PayAccept. PayAccept allows anyone to easily enter the once-daunting world of DeFi by serving as a fiat gateway that will help users turn their fiat currencies into DeFI-ready digital assets.
NEXT token will rely on classical governance aspects of blockchain technology to ensure longevity in the network and community by allowing NEXT token holders to propose and vote on improvement proposals.
NEXT.chain announces Liquidity stake event
The NEXT.chain is taking a milestone-based approach to its development, focusing first on the development and issuance of assets, the decentralized trading for said assets and liquidity providing for automated market maker trades.
The simplicity behind asset issuance in the NEXT.chain is bound to attract new and existing businesses that are looking for simple financial smart contracts that are flexible yet secure, requiring minimal levels of complexity and risk.
Projects will be able to raise funds through a user friendly interface, allowing them to lock up their liquidity and make their assets available for trading. The simplicity brought by NEXT.chain phased development is bound to attract new and existing projects to the platforms and to easily bring these communities into the NEXT.chain ecosystem, allowing it to grow organically.
Click here to get whitelisted to participate in the NEXT.chain Liquidity staking event hosted by Safu investments and become part of the next wave of DeFi adoption.
About NEXT.Chain :
Founded on April 23th, 2019, NEXT.Chain is part of a group of companies, headquartered in the Netherlands, with a strong focus on DeFi and blockchain technology. The group is currently in the process of obtaining an Electronic Money license to establish a fiat-to-crypto gateway and deploy cryptocurrency payments on e-commerce platforms.
The NEXT.chain project is a new blockchain platform that draws from security and simplicity principles of Bitcoin, 2.0, concepts like masternode technology, while providing companies with easy-to-use and implement web 3.0. solutions for DeFi.
About Safu.investments
Created in 2020, Safu.investments is a DeFi-centric Presale platform with Uniswap auto listing and locking of liquidity provider tokens, allowing DeFi projects to easily launch and bootstrap projects with verifiable vesting periods.
Website: https://nextchain.dev
Twitter: https://twitter.com/NextChainGlobal
Medium: https://next-chain.medium.com
Telegram Chat: https://t.me/nextchain
Phone number: +31 85 3030600
Address: Flight Forum 810, 5657 DV Eindhoven, the Netherlands
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Image Credits: Shutterstock, Pixabay, Wiki Commons
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