With the cryptocurrency market expanding and new and old new projects constantly vying for investment and trading volume, it’s sometimes hard to pick the winners. New crypto, TMS Network (TMSN), has been showing a stunning display of strength, with the presale attracting an incredible 1700% ROI. This has left established players like Polkadot (DOT) and Cosmos (ATOM) in the dust, and as the market turns bearish, what does this mean for all three cryptos?
TMS Network (TMSN)
TMS Network (TMSN) is a decentralized trading platform that offers several unique features designed to empower traders and investors in a way that no other platform has managed to achieve.
One of the standout features of TMS Network (TMS) is its social trading functionality, which allows users to follow and copy the trades of successful traders. Social trading provides an opportunity for less experienced traders to learn from the strategies and insights of more seasoned traders, ultimately improving their own trading skills.
By selecting traders based on their performance and risk profile, users can leverage the expertise of others and take advantage of market opportunities. And best of all, you don’t ever have to trade yourself if you don’t have the time: simply copy the best traders, and your trades will mirror theirs in real-time.
TMS Network (TMSN)’s native token, $TMSN, serves as the backbone of the platform, providing holders with various benefits and incentives, such as access to premium services. The token also plays a pivotal role in the platform’s revenue-sharing model, allowing token holders to earn a share of the trading commission revenue generated on the platform.
Polkadot (DOT) is a blockchain platform that stands out for its strong emphasis on interoperability. Launched in 2020, Polkadot (DOT) allows for seamless communication and collaboration between different blockchains.
The core feature of Polkadot (DOT) that enables this is its relay chain. The relay chain acts as a central hub that connects multiple parachains together. These Parachains can be designed for specific use cases, allowing them to operate with their own consensus mechanisms and governance structures.
The interoperability isn’t limited to just parachains, either. Polkadot (DOT) also supports cross-chain communication with external blockchains, including other major networks like Ethereum (ETH). This is made possible through bridges, which serve as connectors between Polkadot (DOT) and other blockchains.
Like Polkadot (DOT), Cosmos (ATOM) is another crypto platform that stands out for its robust interoperability features. Launched in 2019, Cosmos (ATOM) addresses the challenge of isolated and fragmented blockchains by enabling communication and interaction between different chains.
At the heart of Cosmos (ATOM) is the Inter-Blockchain Communication (IBC) protocol. This is a groundbreaking technology that allows for secure and instant communication between independent blockchains within the Cosmos (ATOM) network.
IBC enables the transfer of assets and data across different chains and the development of decentralized applications that span multiple blockchains. It achieves interoperability by utilizing The Cosmos Hub.
The Cosmos Hub serves as the central hub that connects various sovereign and independent blockchains called zones all through the Cosmos (ATOM) network. Each zone can have its own consensus algorithm and governance structure, and Cosmos (ATOM) acts as a secure communication layer that facilitates all the data sharing.
With the overall market turning bearish, nothing is sure in the short term, but as the market turns bullish, one should expect Polkadot (DOT) and Cosmos (ATOM) to gain some traction. TMS Network (TMSN) has exceeded all expectations through the recent bear and bull cycles, and there’s no reason why this should change.