LONDON, UK, Sept. 02, 2022 (GLOBE NEWSWIRE) -- Koinswap is developing its own layer-1 blockchain. Everyone is familiar with blockchains like Ethereum, Solana, Cardano, and Matic etc. These are blockchains with their unique functionalities and utilities. But there are some limitations to all of these chains. Ethereum is suffering from higher gas fee, Solana is suffering from scalability and stability issues, Cardano is still under development and matic is still working on network stability. Keeping such things in mind, koinswap developers are working on a blockchain, which can overcome such issues and provide solutions.
Koinswap blockchain is Ethereum EVM based blockchain, which works on proof of authority protocol. Validators are authorized by a proof of authority mechanism so that only authorized validators can validate transactions initially. Due to this, we can lower transaction costs. In koinswap blockchain, users can adjust transaction cost while performing transactions. This...
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