Review on Egas by David Olayide
ETHGAS (EGAS): THE MODERN SOLUTION
Most of the existing cryptocurrencies we have around us today have existing problems and this isn’t especially a very comfortable thing to deal with. Let’s take a look at Bitcoin and Ethereum for example and you at once discover that there are issues such as scalability, speed of transactions, and transaction costs as well. This issue make it difficult to use these crypto projects as more and more people globally become oriented with the use of these projects.
So several projects have been developed in response to the issues faces by these cryptocurrencies. One of such is ETHGAS (EGAS) which is hosted and operates on the stellar Blockchain. EGAS is open source and is quite similar to Ethereum.
While Bitcoin and Ethereum are facing large scalability issues Stellar came across with a solution and today this is considered as one of the most impressive progress in the Blockchain industry. With the use of the Stellar blockchain, can achieve quite a lot in a much better way than other cryptocurrencies.
Benefits include, fast transactions. The Stellar Blockchain is capable of 2 to 5 seconds and before you realize it, your payment is completed. This is a very better improvement to the issues that plague the Ethereum or Bitcoin networks. It is very nice to see the development of these solutions.
Pros
- Speedy transactions
- High scalability
- EGAS is a solution to the problems facing the blockchains of existing cryptocurrencies
- EGAS operates on the Stellar Network which is way faster
Cons
- None
