Top 3 Ethereum Competitors: Axie Infinity (AXS), Nano ,Gnox (GNOX), Set To Rise In 2022
Categories: US ETHERUM NEWS
Ethereum, the second largest blockchain ecosystem, is a force to reckon with. The technology behind it fosters innovation by enabling the development of DApps. However, major concerns like high gas fees, network congestion, and low scalability have made room for competitors such as Gnox, Nano and Axie Infinity. Nano Launched in 2015 as RaiBlocks, Nano is an open-source, peer-to-peer platform that aims to remove friction in network transactions. It was created to address scalability issues by using a ledger technology that employs a block-lattice data structure to help users transfer value without the intervention of centralized intermediates. Axie Infinity (AXS) There is a growing demand for games that combine the excitement of gameplay with lucrative incentives in the form of NFTs and cryptocurrency. Axie Infinity is a platform geared towards building a fully decentralized gaming ecosystem where players manage and govern the protocol. Gnox (GNOX) A new kid on the block, Gnox is an infinitely scalable Defi earning solution built on the Binance Smart Chain. It aims to transform the future of investing with its disruptive “Yield farming As a Service”, a multi-chain aggregator and educational services.DeFi can be complex for entry-level investors, and high gas fees on Ethereum-based applications can make things even worse for them. Gnox identified this gap in the market and came up with a protocol that uses treasury funds to earn rewards on behalf of the users. One has to simply buy and hold $GNOX tokens in their wallets to reap the benefits of every transaction on the network.