Since the advent of bitcoin, the first cryptocurrency in the world, decentralized, borderless payments have become a reality for millions of crypto users worldwide. However, the escalating costs, scalability issues, and decreasing speed of transactions have worried the once-crypto evangelists. Today, several crypto solutions have evolved to take bitcoin’s solution to its logical end. It’s not about payments anymore. Crypto exchanges, DeFi, gameFi, etc. are dominating the discussion today. Simultaneously, the crypto payments sector has also witnessed tremendous innovation. Currently, Dogecoin (DOGE) and Litecoin (LTC) are fighting each other for an ever-larger share of the market, while advanced DeFi solutions like TMS Network (TMSN) are drawing all the investor attention and interest.
Dogecoin (DOGE) is on Life Support
At its core, Dogecoin (DOGE) is a meme coin. It’s a joke by design and has never grown beyond that. Dogecoin (DOGE) was created from Litecoin (LTC) and owes much of its technical foundation. However, Dogecoin (DOGE) sought to evolve into a more efficient and effective digital currency compared to Bitcoin and Litecoin (LTC). Nearly 10 years after its launch, Dogecoin (DOGE) has managed to outperform Litecoin (LTC), at least in market capitalization. What helped Dogecoin (DOGE) was the unexpected support it received from the billionaire entrepreneur, Elon Musk.
Musk often tweeted about Dogecoin (DOGE) and pumped its prices. His promise to take Dogecoin (DOGE) to the moon by accepting it for payments at Tesla did not materialize, despite him making good on his promise about the carmaker accepting the crypto. Since then, many companies have accepted Dogecoin (DOGE), even if intermittently. But Dogecoin (DOGE) is nowhere close to becoming a mainstream payment solution.
Litecoin (LTC) is Evolving But Too Slowly
Litecoin (LTC) is the first altcoin to hit the crypto-verse in 2011. Litecoin (LTC) founders were among the first to address Bitcoin’s operational and usage issues. They developed Litecoin (LTC) into a radically fast and extremely low-cost digital currency. These factors made Litecoin (LTC) much more suitable for microtransactions, making it a favorite among merchants. Over the years, Litecoin (LTC) has enjoyed widespread usage and commercial acceptance, especially among merchants.
A couple of years ago, Litecoin (LTC) implemented the Mimblewimble upgrade, which drastically improved the privacy of transactions on the platform. This move boosted Litecoin’s (LTC) usage among users, while simultaneously exiting it from many major crypto exchanges. Owing to its enhanced privacy capabilities, Litecoin (LTC) transactions could not be easily reported by exchanges in their financial reports, which the regulators did not take kindly. Currently, Litecoin (LTC) is stuck in limbo, unable to go up or down.
TMS Network (TMSN) is a Game-changing DeFi Solution
The payments market is already overcrowded, and most cryptos have evolved beyond the digital currency utility. TMS Network (TMSN) is one such crypto. TMS Network (TMSN) is a DEX that allows users to trade cryptocurrencies, CFDs, forex, and equity assets. TMS Network (TMSN) is not only a low-cost alternative to most DEXs and CEXs in business, but also offers a high degree of transparency and decentralization. Moreover, TMS Network (TMSN) users get a wealth of tools and knowledge base to help them become savvy traders quickly. These include webinars, social trading, arbitrage trading signals, etc.
TMS Network (TMSN) is currently raising funds through ICO and just raised close to $4 million over two rounds of presale events. TMS Network (TMSN) hopes to raise a total of $12 million by the end of its ICO. Currently, TMS Network (TMSN) is valued at $0.05, and analysts expect it to grow by at least 2,000x by Q3.
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