Home / Ethereum / Blockchain technology: the Blockchain network, LindaX, takes Ethereum ERC20 because it is cheaper and faster

Blockchain technology: the Blockchain network, LindaX, takes Ethereum ERC20 because it is cheaper and faster

The Ethereum ERC20 network is the most popular in the world of intelligent contracting. While things continue to be difficult for the Ethereum ecosystem with price struggles, a blockchain startup, LindaX, claims that their network is more accessible and attractive to hosting tokens than the ERC20 network. According to the company, their rival chain offers developers the kind of support they need to create great products and launch them successfully.

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LindaX has announced that it will use its blockchain to offer entrepreneurs the perfect opportunity to develop unique tokens that have certain characteristics for their designated transactions. At the same time, the company will help new developers navigate the cryptocurrency environment if they are not familiar with it. The company has published a large white paper detailing its plans for the future. The team will help companies make profitable links with exchanges that will be happy to list the tokens they build on the network. It will also provide tips and tricks that will help them expand their customer base and appreciate the benefits of blockchain technology.

The startup stated that all the tokens that are hosted on its platform will be 100% legitimate. This is your guarantee. The company is examining proposals from different companies that want to create new tokens in an attempt to determine their legitimacy and their goal before approval is given by community validators. If everything goes as planned, entrepreneurs will be able to establish tokens that can be used in different contexts.

The LindaX platform is already fully developed. While it is similar to Ethereum, it is cheaper because the participants pay less for gas. The company also said that traders on the platform will have a 50% drop in transaction costs compared to Ethereum. This offer is particularly interesting now when everyone is trying to maximize margins.

Let's not forget the speed. The new startup blockchain states that its network will process approximately 178 transactions per second for start-up. This is much higher than the 15 transactions per second that can be processed on Ethereum. The slowness of the network is the reason why it is having serious scalability problems as its user base grows. It is important to note that the developers of Ethereum have promised to solve this problem permanently with the Serenity update.

How LindaX works

The network uses a Proof-of-Authority algorithm that depends on trusted validators verified on the chain. As part of their commitment to the project, these validators will retain certain LX tokens. The LX token is the native token of the LindaX ecosystem.

LindaX executives believe that the security and scalability flaws affecting the Ethereum ecosystem place high-risk entrepreneurs. This makes their blockchain the ideal choice. Those who have been reluctant to use blockchain technology will now be more inclined to do so. The company's blog post referred to entrepreneurs who had lost billions of dollars on Ethereum in the past due to security issues.

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With her team based in Australia, the United States and Canada, LindaX started an initial coin offering in August. The company has already defined milestones that include the development of mobile portfolios for Google Play and the Apple App Store. It also plans to make updates that will make it more scalable than it is currently in the future.

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