The Blockchain network takes Ethereum ERC20 and states that it is faster and cheaper

A new blockchain platform believes it is a "more attractive and accessible destination" for hosting tokens than those of Ethereum's ERC20 platform, as it provides developers with the support they need to build, market and successfully launch custom tokens.

LindaX says it wants to give entrepreneurs the opportunity to sculpt "absolutely unique tokens with unique features for designated transactions" – while helping them "navigate the unfamiliar environment of cryptocurrency". According to his white paper, the startup team would be available to help new companies make connections with exchanges that can list their tokens and offer strategies that enable them to reach new customers and reap the benefits of blockchain technology.

Another accent for LindaX is to ensure that all tokens hosted on its platform are "credible and reliable". In conclusion, plans to examine the proposals of companies that are trying to create a token – by examining them from a list of prerequisites before inserting the expected one vote of "approved Community validators". A successful application will pave the way for entrepreneurs looking to create tokens designed to be used in a variety of settings, including currency, proof of membership and international resources.

"An Ethereum fork not to be missed"

The LindaX team says its platform has already been fully developed and although it shares some similarities with Ethereum, it is intended to be a more cost-effective network by reducing the gas tariffs for participants. In a blog post, the company also said that traders on its platform could see a 50% reduction in transaction costs compared to ERC20, improving profitability at a time when margins may be limited.

These advantages would also be associated with the higher speed outlook compared to Ethereum – with LindaX offering the potential to process 179 transactions per second as a starting point. He says that Ethereum only manages to cancel around 15 transactions per second – with an increasing user base that causes an increasing number of transactions that suffer delays.

The LindaX platform works using a Proof of Authority (PoA) algorithm and relies on "trusted validators" that have been formally verified on the chain. To show their commitment to the project, these validators will need to keep a set number of LX tokens – which are native to the ecosystem.

According to LindaX executives, its solution is necessary because the security flaws encountered with Ethereum are weighing heavily on the minds of many entrepreneurs who have been reluctant to use blockchain technology so far. They wrote: "Data breaches have led to losses of millions of dollars.On this platform, many companies have lost everything.After all security issues, it becomes a huge issue if you should start your ICO on Ethereum or on a platform. alternative. "

Give developers a hand

LindaX states that, along with its main token-controlled network, it provides a network of tests that "can be used by developers to test their own contracts or apps at no cost." Given the massive financial enterprise that can be associated with getting a blockchain-based service on the market, this will probably be the music for the ears of startups.

His team is based in the United States, Canada and Australia – and in August the presale for initial coin offerings began.

Looking ahead, the platform has set several milestones for the future, including the debut of mobile wallets for Apple's App Store and Google Play, which supports Android smartphones and tablets. Beyond that, it hopes to increase the scalability of the transaction, making it sustainable for the future.