LONDON, UK, September 02, 2022 (GLOBE NEWSWIRE) — Coinswap develop their own layer-1 blockchain. Everyone is familiar with blockchains like Ethereum, Solana, Cardano, and Matic etc. It is a blockchain with unique functionality and utility. But there are some limitations to all these chains. Ethereum suffers from higher gas costs, Solana suffers from scalability and stability issues, Cardano is still under development and matic is still working on network stability. Keeping this in mind, the developers of coinswap are working on the blockchain, which can solve these problems and provide solutions.
Coinswap blockchain is Ethereum EVM based on blockchain, which works on the proof of authorization protocol. Validators are provided by a proof-of-authority mechanism so that only authorized validators can validate transactions in the first place. Because of this, we can reduce transaction costs. In the coinswap blockchain, users can set their transaction fees when making a transaction. This makes coinswapchain the lowest transaction fee among all.
Developers can develop smart contracts on the coinswap chain, similar to developing Ethereum in minutes. Decentralized application development, metaverse integration, and NFT integration on the coinswap blockchain is as easy as on Ethereum. KOINSWAPCHAIN will be the best solution as a layer-1 blockchain for the industry. KST is a native asset that will be used in the entire coinswapchain ecosystem, which can create a huge demand for the asset.
Coinswap ICO continues with 2 successful completion rounds followed by 3 more rounds. For more details visit the coinswap website and follow us on twitter.