Ethereum is one of the most essential components of the crypto market. Being the second largest crypto market in the market capitalization, the effect of Ethereum’s groundbreaking blockchain architecture, which supports smart contracts, decentralized apps, and hundreds of tokens, is apparent.
However, in this emerging technological landscape, Ethereum continues to grapple with high gas fees and slower transaction speeds. As Ethereum faces issues, many other alternatives are well-positioned. One of them is Bitgert, a layer-1 blockchain with ultra-low fees and lightning-fast transaction speeds. As Ethereum braces for its next run, intelligent investors are shifting their focus to Bitgert.
Bitgert: A strong Competitor
Being a younger player, Bitgert is known as a rising star in the layer-1 blockchain market. Bitgert is gaining popularity for its high-speed blockchain, which can handle up to 100,000 TPS, significantly outpacing Ethereum’s current capabilities. Bitgert also has nearly zero transaction costs, which proves to be a major benefit in the cryptocurrency market, where affordability is becoming increasingly crucial.
Unlike many Ethereum competitors, including Solana and Cardano, Bitgert uses a proof-of-authority (PoA) consensus methodology. The PoA contributes to quicker transaction speeds and ensures network security and decentralization. As more developers and projects show interest in Bitgert, its ability to compete with Ethereum strengthens. Bitgert is trading for $0.07757, with a market cap of $29,963,709, adding 1.5% in the last 24 hours.
Ethereum: Rise and Challenges
Since its inception in 2013, Ethereum USD has been a backbone for decentralized finance (DeFi) and NFTs. Its smart contracts enable trustless transactions and are the base for more than 280,000 ERC-20 coins. While Ethereum’s innovations have positively affected the cryptocurrency market, it has also been criticized for its expensive gas prices and low throughput, with only 15-30 transactions per second (TPS).
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However, Ethereum has been working on the launch of Ethereum 2.0, which addresses to solve these issues. The delay has given position to many rivals, some of them being named as Ethereum killers like Solana, Bitgert, Binance Smart Chain, and Avalanche, providing more scalable alternatives.
Conclusion
While Ethereum is the market leader, Bitgert is set to give a tough fight with technological advancements, robust fundamentals, and its focus on affordability. Bitgert has become investors’ favorite because of its breakthrough technological advancements.
Bitgert’s unique combination of low fees, scalability, and high transaction speed increases its growth potential in Q4. As the value of Ethereum rises, Bitgert’s unique value proposition makes it a project to keep an eye on in 2024.
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For more info, visit bitgert.com.
