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Can similarities between Seesaw Protocol (SSW), Solana (SOL) and Polygon (MATIC) be seen?

Knowing about the new coins available to invest in and what they do. Can help you make money.

By Trina DawesPublished 2 years ago 4 min read
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Can similarities between Seesaw Protocol (SSW), Solana (SOL) and Polygon (MATIC) be seen?
Photo by Jeremy Bezanger on Unsplash

With the release of many new cryptocurrencies and pre-launches coming up. Some coins are doing better than others, and they all have their aims and purposes. Crypto has been booming since the emergence of Bitcoin (BTC) and Ethereum (ETH). However, it is not too late to start investing or learning about virtual currencies. The industry is now expected to be worth over $2 trillion. Each coin has its own; issues, goals, incentives, and new ones are attempting to bridge the gap in the market, to end the blockchain trilemma. The challenge is to achieve all three aspects of the trilemma: Decentralization, scalability, and security. While some projects have successfully built networks that solve one or difficulty, not many can apply all three aspects.

Seesaw Protocol (SSW), unlike Solana (SOL) and Polygon, offers a more simplistic option to an overloaded Ethereum (ETH) network. It plans to offer cross-chain exchanges between the Binance Smart Chain (BSC), Polygon networks (MATIC) and Ethereum (ETH). Holders can use (SSW) to move between blockchains and avoid networks that are either congested or have more expensive costs.

Stage 2 of the Seesaw protocol (SSW) pre-sale is almost complete, and if it can replicate the popularity of Stage 1, SSW will be a must-have. SSW has risen 2000% in the first six weeks of the pre-sale and is now more than 2650% above the starting price of the pre-sale. Experts expect this to be the case in the pre-launch period as well, which means that the price will grow from the current $0.14 to approximately $0.4-0.45.

Solana (SOL) is a third-generation blockchain that supports a range of DeFi solutions, including the development of smart contracts and decentralized applications (DApps). Unlike other blockchains, Solana (SOL) uses a hybrid consensus algorithm that combines proof-of-history (PoH) with proof-of-stake (PoS), allowing the network to execute up to 50,000 transactions per second.

This project also enables more efficient than current models that use only a few hundred nodes. DApps are currently tied to the Ethereum (ETH) platform due to their composability, many are looking for alternatives as it has become slow and costly.

Solana (SOL) is like Seesaw Protocol (SSW) as it is new to the crypto market. The launch of Solana was in March 2020. During the 2017 ICO boom, (SOL) raised $25 million in public and private funding rounds. Solana's (SOL) first task was to improve the time it takes networks like Bitcoin (BTC) and Ethereum (ETH) to reach a consensus. This led to the inclusion of PoH in its consensus algorithm, as opposed to more well-known, established consensus mechanisms.

Solanas (SOL) live price today is $101.01 with 24-hour trading volume of $3,439,852,112. Solana has increased 6.14% in the last 24 hours. The current Coin Market Cap ranking is 9, the live market capitalisation is $32,601,543,261. In conjunction with the circulating supply of 322,758,614 SOL coins.

Polygon is a "layer two" or "sidechain" scaling solution that runs in conjunction with the Ethereum blockchain, facilitating fast transactions and low fees. MATIC is the network's original cryptocurrency used for wagers, fees and more. You can buy or sell MATIC on exchanges such as Coinbase.

Polygon believes in Web3 for all. Polygon is a decentralised Ethereum (ETH) scaling platform that allows developers to create scalable, user-friendly dApps with low transaction fees without ever losing security.

The Ethereum blockchain hosts a wide range of economic activities - from NFT markets and gaming to the growing DeFi ecosystem. Ethereum (ETH) is suitable for these activities because large range it is compatible with smart contracts that can be used to develop applications.

Polygon uses various technologies to create this fast parallel blockchain and connect it to the main Ethereum blockchain.

To create new MATIC and secure the network, Polygon uses a proof-of-stake consensus mechanism - which means investors can gain on MATIC.

Polygon's current price today is $1.62 with 24-hour trading volume of $977,623,486. Polygon has gained 5.40% in the last 24 hours. The current Coin Market Cap ranking is 16, with a live market capitalization of $12,486,936,097. Currently there is a circulating supply of 7,701,069,511 MATIC coins and a maximum supply of 10,000,000,000 MATIC coins.

Polygon, Seesaw Protocol (SSW) and Solana (SOL) are three investments worth looking out for.

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About the Creator

Trina Dawes

Journlaist and radio presnter, podcast host - Passionate about social justice, feminism, family issues, culture, and music opinions and reviews.

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