New crypto projects are always exciting for investors, especially the ones with legit protocols and realistic potential. The upcoming Gnox presale is making headlines in the blockchain community. While Gnox is built on Binance Smart Chain (BSC), Ethereum (ETH) ecosystem is also popular among many projects. Let’s learn more about each.
Wat ass Binance Smart Chain (BSC)?
Binance Smart Chain (BSC) and Ethereum look similar at first glance. DApps and tokens built on BSC are compatible with the Ethereum Virtual Machine (EVM). Some cross-chain projects even run on both networks. Still, there are a few notable differences between the two chains.
Binance Smart Chain is a blockchain compatible with Ethereum smart contracts and is designed to run in parallel with Binance Chain. It uses a proof-of-stake consensus algorithm, which is more energy-efficient than the proof-of-work algorithm used by Ethereum.
Binance Smart Chain offers a variety of features, making it an attractive option for developers looking to build decentralized applications (dApps). These include low transaction fees, fast transaction speeds, and the ability to run smart contracts. In addition, Binance Smart Chain is supported by a large and active community of developers and users. This ensures that someone is always available to help you with your development needs.
What Is Ethereum (ETH) Ecosystem?
Ethereum is a decentralized platform that has its own blockchain. Ethereum is a complete ecosystem where anyone can create various distributed applications (dapps), smart contracts, and even their cryptocurrency.
So far, Ethereum is the biggest and most popular project in the platform category. The Ethereum ecosystem differs from the Bitcoin blockchain in that it can support smart contracts and dApps.
When you invest in Ethereum, you buy Ethereum’s cryptocurrency Ether (ETH). Ethereum is known as the fuel that runs the Ethereum platform. Using Ether, computing power can be obtained from the Ethereum peer-to-peer network.
Gnox (GNOX)
Gnox is a decentralized platform whose main goal is to bridge the gap between the crypto and fiat worlds while showing everyday users the benefits and ease of use of the DeFi world.
Gnox is one of the first reflective tokens to use yield farming as a service. The service allows the Treasury to earn higher return yields from other protocols, while $GNOX holders receive a portion from it as a reward. The mechanic of making passive income with Gnox is simple: you buy, hold, and the profits are automatically returned to you.
Gnox is based on Binance Smart Chain (BSC). Binance Smart Chain also supports cross-chain interoperability, which means it can interact with other blockchains, and users can exchange and trade tokens between Ethereum, Binance Smart Chain, and Polygon blockchains.
Gnox is entering the next round of the presale phase, and investors have high expectations. Gnox finished the previous round with a 63% price increase, and more is expected in the following sessions.
Stréch
The main difference between BSC and ETH is the faster confirmation time and low fees of BSC. The hype surrounding NFTs and compatibility with popular crypto wallets such as Trust Wallet or MetaMask has also contributed to the popularity of BSC. Gnox chose BSC for its fast transfer speed, low fees, and high scalability compared to Ethereum and other competitors.
Léiert méi iwwer Gnox:
Maacht mat am Virverkaf: https://presale.gnox.io/register
Websäit: https://gnox.io
Telegramm: https://t.me/gnoxfinancial
ware: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io
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Source: https://www.thecoinrepublic.com/2022/07/06/expectations-high-for-gnox-gnox-currently-in-presale-set-to-use-binance-smart-chain-bnb-and-ethereum-eth-ecosystems-to-create-favorable-returns/