• TMS Network (TMSN) is a new decentralized solution for trading on the blockchain that appears to be outpacing Chainlink (LINK) and Polygon (MATIC).
• Chainlink (LINK) is a decentralized network that acts as an oracle to provide smart contracts with access to off-chain data.
• Polygon (MATIC) is a Layer 2 scaling solution for Ethereum designed to increase the network’s speed, efficiency, and scalability.
Cryptocurrency Popularity in China
Despite central governments‘ attempts to stunt its growth, cryptocurrency is gaining in popularity across the world, particularly in China. The country has attempted to ban Bitcoin (BTC) and cryptocurrency mining multiple times, yet it remains a center of on-chain activity due to blockchain technology’s inherent robustness and self-sufficiency.
Chainlink (LINK) is an innovative project that enables smart contracts to interact with real-time events and data feeds, allowing for the automation of contractual agreements between parties. LINK tokens are used as incentives for node operators and protocols that help keep the network secure and trusted. Recently, Chainlink released a new service called Chainlink Functions which connects Web3 dApps with Web2 infrastructure; this could potentially help revive LINK’s underwhelming price action.
Polygon (MATIC) offers faster and cheaper transactions than Ethereum by providing seamless interoperability between different blockchains. It also provides developers with an easy way to create their own custom blockchains using its suite of tools known as Polymesh SDK. This makes MATIC attractive for users looking for more efficient solutions than what Ethereum can currently offer.
The rise of TMS Network demonstrates how quickly blockchain technology can evolve over time; it may be challenging established platforms like Chainlink and Polygon who have spent years trying to perfect their projects. As more people adopt cryptocurrency worldwide, these two projects will need to continue innovating if they want remain relevant in the future.