Does MetaCryp Compare to Ethereum Blockchain and Binance Smart Chain?

It looks like 2022 is the year of Metaverse, no matter where you look, from Facebook changing its name to Meta to Microsoft promising the next generation of Ready Player One-like consoles.

Almost everyone wants to jump on this virtual reality train, and there are good reasons. It’s not every day that you can find a place that merges various things under its umbrella, ranging from gaming, finance, and social media to political entities and out-of-this-world experiences.

However, a grand vision of this magnitude requires a lot of computing power to support such a colossal leviathan.

Until recently, many believed that Ethereum (ETH) – an open-source decentralized blockchain with smart contract functionality – would be the titan to take on the core role of the Metaverse’s further development.

But as always, with crypto, other mechanical beasts are ready to strike you from the darkness and steal your crown. MetaCryp (MTCR) is a new crypto project and is already making headlines as expert traders expect it to become a market-leading blockchain.

Consider relying on Ethereum (ETH)

In the original concept of Metaverse, anyone can seamlessly transfer data and value across many platforms securely, transparently and with maximum speed.

While much of this vision is already built on platforms like Ethereum, allowing financial transactions and other forms of experimentation with code, as well as the development of DApps (decentralized applications), there is a trap that lurks in the deep corners of blockchain networks.

At the moment, Ethereum cannot scale to meet the growing demands of Met aversion (even in its hibernation state).

This process is even more complicated because almost 80% of all NFTs are built on the Ethereum blockchain, and almost 70% of all DeFi DApps, in one way or another, are also connected to Ethereum (ETH ).

Therefore, all the above-mentioned factors cause network congestion, which leads to slow transaction speed and notoriously high gas fees. Yes, with Ethereum’s long-awaited upgrade “The Merge” from proof-of-work (PoW) to proof-of-stake (PoS), the problem of speed and cost will be solved. However, it will take years, maybe even decades, for “The Merge” to reach its full potential.

What benefits can you get with Binance Smart Chain (BSC)

In early April 2020, the world’s largest exchange, Binance, introduced Binance Smart Chain (BSC) to enable the development of DApps with greater capacity, faster speeds, and lower latency than Ethereum.

While Ethereum currently uses PoW and in the process of transitioning to (PoS), BSC has decided to use (PoS), or rather a slightly modified version called Proof of Staked Authority (PoSA).

This effectively means that, unlike many other chains, the transaction fees received by validators come from the existing supply of (BNB), not freshly minted BNB.

This makes BNB deflationary, and the Binance team regularly burns some of its supply.

According to Binance, the burns will continue from the initial maximum supply of 200 million until (BNB) provides 100 million. All in all, even after the arrival of “The Merge”, BSC would still be a faster and cheaper alternative.

Why MetaCryp (MTCR) is revolutionizing the cryptosphere

MetaCryp is an upcoming project that plans to combine Metaverse, NFTs, and Play-to-Earn (P2E) games under a single ecosystem. The range of services he intends to use is truly impressive, given that it will arise from different P2E game modes, where players could buy, sell and trade their in-game items represented as NFTs, to almost surreal immersive experiences.

On top of that, players would be able to build their own “bubbles” within the larger Metaverse, where people can meet based on their interests and political views and even rent, sell, and trade pieces of land, similar to the Sandbox game, but with more options for earning passive income.

The central idea of ​​the MetaCryp network is to encourage players to compete for the token (MTCR), in-game assets or NFTs to make a big bank.

This, in turn, makes MetaCryp Network’s gameplay structured around different game activities, causing Token Accumulation (MTCR), which is also a central means of exchange across the Metaverse. This means that the more tokens (MTCR) you hold, the better integrated you are into the ecosystem.

Ethereum (ETH) is undoubtedly a titan that is going nowhere. However, with its current limitations (speed and transaction costs), it makes more sense to use alternative blockchains like MetaCryp (MTCR) to build the future of Metaverse, at least for now.

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