Bitcoin Is Declining. Can Avalanche Backed Proprivex Dethrone The King of Crypto In 2022?
With new, innovative, multi-use DeFi platforms like Proprivex (PPX) being the primary tokens seen in the current age of cryptocurrency, coins like Bitcoin (BTC) are rare.
As of the writing of this article, the crypto market king is down over 4% this past week, according to statistics from CoinMarketCap. This is in spite of the fact that, on the whole, the market is not in decline, with tokens like Cardano (ADA) and Dogecoin (DOGE) on the rise.
While this decline does not spell the end of Bitcoin (BTC), it does bring up an interesting question. How has Bitcoin (BTC) been able to hold its place in the market, especially with so many more advanced tokens joining circulation over the years?
In this article, we will be exploring the pros and cons of Bitcoin (BTC) and seeing how new tokens like the Avalanche (AVAX) backed Proprivex (PPX) are overcoming them.
Bitcoin (BTC) Vs Avalanche (AVAX)- A Decade In Blockchain Technology
To understand the advantages that Proprivex (PPX) has over Bitcoin (BTC), it is first essential to understand the blockchain the project is built on: Avalanche (AVAX).
Officially launched in 2020, Avalanche (AVAX) was unveiled to the crypto market over a decade after the release of Bitcoin (BTC) in 2009. As such, Avalanche (AVAX) was designed with more modern technology, which in turn has been taken on by projects like Proprivex (PPX) built on their blockchain.
One of the biggest evolutions in blockchain technology over the past decade is in the validation systems used to add new data to the blockchain ledger. This technology requires machines, or validators, to perform calculations to ascertain the legitimacy of the data presented, before having it added as a block of data to the blockchain.
The technology behind Bitcoin (BTC), Proof-of-Work, is a system which has come under heavy scrutiny from the contemporary crypto userbase. It is even technology that some blockchains built on it are choosing to abandon, with Ethereum’s (ETH) upcoming Merge update being undertaken for this exact purpose.
Proof-of-Stake, the system Ethereum (ETH) is shifting to and the current system employed by Avalanche (AVAX), is arguably the most popular system used by contemporary crypto projects, thanks to the many advantages it provides over the Proof-of-Work system. Unfortunately, due to its age, Bitcoin (BTC) is stuck with this technology, unable to leap as Ethereum (ETH) is.
But what are the issues with Proof-of-Work? And how does Avalanche’s (AVAX) unique Proof-of-Stake blockchain set Proprivex (PPX) up to be an opponent to the power of Bitcoin (BTC)?
Proof-of-Work Vs Proof-of-Stake
While it is wrong to say that Proof-of-Work has no place in the contemporary crypto market, on many merits, the technology has been outpaced by the advantages of Proof-of-Stake.
These are just two arguments that many crypto users will use against Proof-of-Work, and an explanation as to why so many new projects entering the market are electing to avoid it.
Slow Transactions
The Proof-of-Work system allows anyone with access to a machine the ability to take part in the validation process. What this has meant for popular coins like Bitcoin (BTC), however, is 12,000 computers working as validators, all fighting to be the first to get data on the chain. The amount of machines involved in the process makes the transaction speeds of Bitcoin (BTC) slow, especially when compared to the speeds seen on blockchains like Avalanche (AVAX).
The Avalanche (AVAX) is incredibly fast, specifically offering one of the fastest time-to-finality rates on their smart contracts on the market. It describes itself as ‘Blazingly fast, low cost, & eco-friendly’, with a verification protocol that is available to all, thanks to its open-source coding.
Challenge To Upscale
Another issue faced by Proof-of-Work systems is their problems with upscaling. Due to the time needed to process transactions, only so many transactions can be validated in a period of time, making the system slow and expensive as more users come to it.
This is not an issue faced so harshly by Proof-of-Stake blockchains, as their ability to validate transactions without as many competing machines allows for smoother, faster transactions. This therefore makes blockchains like Avalanche (AVAX) far more scalable, and able to host a wide range of new projects with the potential to go viral like Proprivex (PPX).
These issues, overall, make Proof-of-Work relatively unfavourable amongst new projects. And why Proprivex (PPX) has elected to build on Avalanche (AVAX) instead.
Proprivex (PPX)- The Perfect Crypto Asset Manager For Todays Market
With this in mind, Proprivex (PPX) has already put a good foot forward in its journey to crypto success. However, being built on a good blockchain is not enough to be successful. A project also needs a solid use case and plan behind it, in order to be certain that it can launch successfully and reach the heights it deserves.
Proprivex (PPX) Predicted Value At $13 Million
It has been revealed that the Proprivex (PPX) project aims to raise $13 Million in its presale phase.
This is something the team aims to achieve by highlighting the many benefits the Proprivex (PPX) system provides, and how its unique functionality for asset management makes it perfect for the contemporary crypto investor or enthusiast.
What Is Proprivex (PPX)?
Proprivex (PPX) describes itself as a trustworthy and transparent crypto asset management platform for new crypto investors looking for a safe and simple way to maximise the potential of their investments. The platform intends to do this by providing high-end asset management tools, in-depth security protocols, and a team of experienced advisors for guidance on risk assessment and compliance when investing with crypto.
This will all be boosted by the Avalanche (AVAX) blockchain, which will allow these activities to be processed quickly and cheaply, in a completely transparent system with borderless DeFi opportunities.
The Functionality of PPX Token
The PPX token is at the heart of the Proprivex (PPX) ecosystem, and will act as the primary token used to pay for in-platform services, such as certain asset management services. It will also act as a gateway to many of the social aspects of the platform, such as the Proprivex (PPX) DAO.
DAO Membership
Owning Proprivex (PPX) tokens will give users access to the platforms Decentralised Autonomous Organisation (DAO). This space will allow token holders to vote on issues relating to the platform, with improvements and changes being made based on the wants and need of the community.
This allows the platform to grow based on the desires of the community, as opposed to the desires of the development team, making for a closer feeling of ownership and community within the Proprivex (PPX) space. This will also allow the platform to grow in a way that is organic and unique to the community, allowing it to stand out within the crypto economy as it grows.
Comparing Proprivex (PPX) and Bitcoin (BTC)
There are thirteen years between the launch of Bitcoin (BTC) and the launch of Proprivex (PPX), and it shows. In the current crypto age, tokens have utility that reaches far beyond being just a digital currency for buying and selling, and can now be the building block for completely unique economies.
This is not to say that Bitcoin (BTC) has no utility- far from it. Bitcoin (BTC) is still the most successful token by market capitalisation, and has become a payment method across the world, from becoming legal tender in El Salvador to an accepted way to pay for a Starbucks coffee.
However, what the future holds for Bitcoin (BTC) is uncertain. Technology will continue to evolve, and tokens like Proprivex (PPX) will continue launching with more features.
It is an exciting time to be involved in the crypto market, and a better time than ever to start your journey for those who have yet to get stuck in.
For more information on Proprivex (PPX), check out this article.
Or, check out the following links:
Presale: http://prop.proprivex.io/
Website: http://proprivex.io/
Telegram: https://t.me/ProprivexTokenOfficial
The post Bitcoin Is Declining. Can Avalanche Backed Proprivex Dethrone The King of Crypto In 2022? appeared first on .
With new, innovative, multi-use DeFi platforms like Proprivex (PPX) being the primary tokens seen in the current age of cryptocurrency, coins like Bitcoin (BTC) are rare.
As of the writing of this article, the crypto market king is down over 4% this past week, according to statistics from CoinMarketCap. This is in spite of the fact that, on the whole, the market is not in decline, with tokens like Cardano (ADA) and Dogecoin (DOGE) on the rise.
While this decline does not spell the end of Bitcoin (BTC), it does bring up an interesting question. How has Bitcoin (BTC) been able to hold its place in the market, especially with so many more advanced tokens joining circulation over the years?
In this article, we will be exploring the pros and cons of Bitcoin (BTC) and seeing how new tokens like the Avalanche (AVAX) backed Proprivex (PPX) are overcoming them.
Bitcoin (BTC) Vs Avalanche (AVAX)- A Decade In Blockchain Technology
To understand the advantages that Proprivex (PPX) has over Bitcoin (BTC), it is first essential to understand the blockchain the project is built on: Avalanche (AVAX).
Officially launched in 2020, Avalanche (AVAX) was unveiled to the crypto market over a decade after the release of Bitcoin (BTC) in 2009. As such, Avalanche (AVAX) was designed with more modern technology, which in turn has been taken on by projects like Proprivex (PPX) built on their blockchain.
One of the biggest evolutions in blockchain technology over the past decade is in the validation systems used to add new data to the blockchain ledger. This technology requires machines, or validators, to perform calculations to ascertain the legitimacy of the data presented, before having it added as a block of data to the blockchain.
The technology behind Bitcoin (BTC), Proof-of-Work, is a system which has come under heavy scrutiny from the contemporary crypto userbase. It is even technology that some blockchains built on it are choosing to abandon, with Ethereum’s (ETH) upcoming Merge update being undertaken for this exact purpose.
Proof-of-Stake, the system Ethereum (ETH) is shifting to and the current system employed by Avalanche (AVAX), is arguably the most popular system used by contemporary crypto projects, thanks to the many advantages it provides over the Proof-of-Work system. Unfortunately, due to its age, Bitcoin (BTC) is stuck with this technology, unable to leap as Ethereum (ETH) is.
But what are the issues with Proof-of-Work? And how does Avalanche’s (AVAX) unique Proof-of-Stake blockchain set Proprivex (PPX) up to be an opponent to the power of Bitcoin (BTC)?
Proof-of-Work Vs Proof-of-Stake
While it is wrong to say that Proof-of-Work has no place in the contemporary crypto market, on many merits, the technology has been outpaced by the advantages of Proof-of-Stake.
These are just two arguments that many crypto users will use against Proof-of-Work, and an explanation as to why so many new projects entering the market are electing to avoid it.
Slow Transactions
The Proof-of-Work system allows anyone with access to a machine the ability to take part in the validation process. What this has meant for popular coins like Bitcoin (BTC), however, is 12,000 computers working as validators, all fighting to be the first to get data on the chain. The amount of machines involved in the process makes the transaction speeds of Bitcoin (BTC) slow, especially when compared to the speeds seen on blockchains like Avalanche (AVAX).
The Avalanche (AVAX) is incredibly fast, specifically offering one of the fastest time-to-finality rates on their smart contracts on the market. It describes itself as ‘Blazingly fast, low cost, & eco-friendly’, with a verification protocol that is available to all, thanks to its open-source coding.
Challenge To Upscale
Another issue faced by Proof-of-Work systems is their problems with upscaling. Due to the time needed to process transactions, only so many transactions can be validated in a period of time, making the system slow and expensive as more users come to it.
This is not an issue faced so harshly by Proof-of-Stake blockchains, as their ability to validate transactions without as many competing machines allows for smoother, faster transactions. This therefore makes blockchains like Avalanche (AVAX) far more scalable, and able to host a wide range of new projects with the potential to go viral like Proprivex (PPX).
These issues, overall, make Proof-of-Work relatively unfavourable amongst new projects. And why Proprivex (PPX) has elected to build on Avalanche (AVAX) instead.
Proprivex (PPX)- The Perfect Crypto Asset Manager For Todays Market
With this in mind, Proprivex (PPX) has already put a good foot forward in its journey to crypto success. However, being built on a good blockchain is not enough to be successful. A project also needs a solid use case and plan behind it, in order to be certain that it can launch successfully and reach the heights it deserves.
Proprivex (PPX) Predicted Value At $13 Million
It has been revealed that the Proprivex (PPX) project aims to raise $13 Million in its presale phase.
This is something the team aims to achieve by highlighting the many benefits the Proprivex (PPX) system provides, and how its unique functionality for asset management makes it perfect for the contemporary crypto investor or enthusiast.
What Is Proprivex (PPX)?
Proprivex (PPX) describes itself as a trustworthy and transparent crypto asset management platform for new crypto investors looking for a safe and simple way to maximise the potential of their investments. The platform intends to do this by providing high-end asset management tools, in-depth security protocols, and a team of experienced advisors for guidance on risk assessment and compliance when investing with crypto.
This will all be boosted by the Avalanche (AVAX) blockchain, which will allow these activities to be processed quickly and cheaply, in a completely transparent system with borderless DeFi opportunities.
The Functionality of PPX Token
The PPX token is at the heart of the Proprivex (PPX) ecosystem, and will act as the primary token used to pay for in-platform services, such as certain asset management services. It will also act as a gateway to many of the social aspects of the platform, such as the Proprivex (PPX) DAO.
DAO Membership
Owning Proprivex (PPX) tokens will give users access to the platforms Decentralised Autonomous Organisation (DAO). This space will allow token holders to vote on issues relating to the platform, with improvements and changes being made based on the wants and need of the community.
This allows the platform to grow based on the desires of the community, as opposed to the desires of the development team, making for a closer feeling of ownership and community within the Proprivex (PPX) space. This will also allow the platform to grow in a way that is organic and unique to the community, allowing it to stand out within the crypto economy as it grows.
Comparing Proprivex (PPX) and Bitcoin (BTC)
There are thirteen years between the launch of Bitcoin (BTC) and the launch of Proprivex (PPX), and it shows. In the current crypto age, tokens have utility that reaches far beyond being just a digital currency for buying and selling, and can now be the building block for completely unique economies.
This is not to say that Bitcoin (BTC) has no utility- far from it. Bitcoin (BTC) is still the most successful token by market capitalisation, and has become a payment method across the world, from becoming legal tender in El Salvador to an accepted way to pay for a Starbucks coffee.
However, what the future holds for Bitcoin (BTC) is uncertain. Technology will continue to evolve, and tokens like Proprivex (PPX) will continue launching with more features.
It is an exciting time to be involved in the crypto market, and a better time than ever to start your journey for those who have yet to get stuck in.
For more information on Proprivex (PPX), check out this article.
Or, check out the following links:
Presale: http://prop.proprivex.io/
Website: http://proprivex.io/
Telegram: https://t.me/ProprivexTokenOfficial
The post Bitcoin Is Declining. Can Avalanche Backed Proprivex Dethrone The King of Crypto In 2022? appeared first on .
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