Blockchains such as Ethereum, Solana, Cardano, and Matic are well-known. These are blockchains, each with its own set of functions and utilities. All of these chains, however, have some limitations, that’s what Koinswap wants to change.
Ethereum suffers from increased gas fees, Solana from scalability and stability issues, Cardano is still in development, and Matic is still working on network stability. Keeping these considerations in mind, Koinswap developers are working on a blockchain that can address such issues and provide solutions.
Koinswap wants to reduce transaction costs to have the lowest of any blockchain
The Koinswap blockchain is an Ethereum EVM-based blockchain that operates on the proof of authority protocol. The proof of authority mechanism authorizes validators so that only trusted validators can validate transactions at first. As a result, we can reduce transaction costs.
Users on the Koinswap blockchain can adjust transaction costs while performing transactions. As a result, Koinswapchain has the lowest transaction cost of any blockchain.
Developers can create smart contracts on the Koinswap chain in minutes, just like they can on Ethereum. Decentralized app development, metaverse integration, and NFT integration are as simple on the Koinswap blockchain as on Ethereum. As a layer-1 blockchain, KOINSWAPCHAIN will be the best solution for the industry. KST is the native asset that will be used throughout the Koinswapchain ecosystem, which will create a high investment demand.
The Koinswap ICO is still ongoing, with two rounds completed successfully and three more games to come.