There’s no doubt about it: Bitcoin (BTC) and Ethereum (ETH) are currently the two hottest cryptocurrencies on the market. However, a new contender is about to gain more momentum, and its name is Snowfall Protocol (SNW). What makes Snowfall Protocol (SNW) so unique? Keep reading to find out!
Before we get into what makes Snowfall Protocol (SNW) unique, we must first understand what Bitcoin (BTC) and Ethereum (ETH) are all about.
Bitcoin (BTC) is a cryptocurrency that was created in 2009 by an anonymous individual or group of individuals known as Satoshi Nakamoto. Bitcoin (BTC) is decentralized, meaning it is not subject to government regulation or control. Bitcoin (BTC) can be used to buy goods and services, and can also be traded Peer-to-peer (P2P).
Ethereum (ETH) is a decentralized platform that runs smart contracts, which are applications that run exactly as programmed without any possibility of fraud or third-party interference. These smart contracts have resulted in the creation of many dApps (decentralized applications) that run on the Ethereum (ETH) network. Ethereum (ETH) was launched in 2015 by Vitalik Buterin and has since gone through many upgrades to its network.
What Makes Snowfall Protocol (SNW) Unique?
Now that we have a basic understanding of Bitcoin (BTC) and Ethereum (ETH), let’s take a look at what makes Snowfall Protocol (SNW) so unique.
First and foremost, we need to explain the problem of a lack of compatibility between blockchains. Currently, many different blockchain networks are not compatible with one another. This means that a user on one blockchain network cannot send or receive assets from a user on another blockchain network. This lack of compatibility is a big problem that needs to be solved for cryptocurrencies to reach mass adoption.
This hindrance is like if you were a farmer and couldn’t trade your eggs for milk because you are from a different village to your neighbor. Snowfall Protocol (SNW) aims to solve this problem by providing a cross-chain transfer ecosystem that is built for fungible and non-fungible tokens. Think of this as a bridge connecting villages so that farmers can now trade between farms without delay.
This ecosystem will enable users to swap assets across the most widely used EVM and non-EVM compatible chains. In other words, Snowfall Protocol (SNW) will build the highways needed for millions of people to communicate to every blockchain.
In addition, Snowfall Protocol (SNW) has already witnessed a growth of over 30% at the beginning of its presale stage, due to its unique compatability model. Some experts are saying that Snowfall Protocol (SNW) could open 5,000% higher than its initial value. So, make sure you click the links below to learn more and stay up-to-date with the latest Snowfall Protocol (SNW) news!
Some of the top market analysts believe that Snowfall Protocol (SNW) has the potential to increase by 1000x in value. The price of snowfall is now $0.009 but it will likely go up in a short period. The experts are saying that now is the best time to buy snowfall Protocol (SNW) because it’s still undervalued and has a lot of growth potential.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.