Litecoin
Zimbabwe’s New Digital Currency: Could TMS Network (TMSN)’s Trading System Help it Outpace Arbitrum (ARB) and Litecoin (LTC)
Zimbabwe recently announced its new gold-backed digital currency, which will be used as legal tender and exchanged for Zimbabwean dollars or foreign currency. This makes Zimbabwe the latest African country after Nigeria, Ghana, and South Africa to introduce a digital currency as part of plans to help stabilize the local currency and prevent further hyperinflation.
Meanwhile, another digital asset, TMS Network (TMSN), has astounded the market with a considerable price increase which has investors wondering whether it can outpace established coins like Arbitrum (ARB) and Litecoin (LTC).
TMS Network (TMSN)
TMS Network (TMSN) is disrupting the decentralized finance (DeFi) space with its innovative project marking it as one of the most pioneering Ethereum-based trading platforms. TMS Network (TMSN) is one of the biggest game changers in the blockchain space as it seeks to unite differing trading capabilities under one easy-to-use platform.
Most blockchain-based trading ecosystems have different trading tools for each asset class. TMS Network (TMSN) is the first blockchain-based trading platform to solve this issue. It will bring together a trading suite that accommodates the requirements of traditional finance and the continually evolving world of digital currency.
Its ground-breaking system proves that TMS Network (TMSN) is in pole position to emerge as a leader in the trading sector.
Arbitrum (ARB)
Arbitrum (ARB) is a widely-used layer-2 scaling solution built as a response to scalability issues faced by Ethereum, which can lead to slow transaction processing times and high gas fees. Arbitrium, built on the Ethereum blockchain, offloads transactions from the main Ethereum chain onto its sidechain, allowing more efficient and quicker processing times.
Arbitrum (ARB) is fully compatible with Ethereum, allowing developers to easily migrate their existing projects and dApps to Arbitrum (ARB) without seismic changes to the code. This enables users to access the same dApps on both Ethereum and Arbitrum (ARB), yet with lower gas fees and quicker processing times on the latter.
Meanwhile, optimistic rollups are an additional feature available on Arbitrum (ARB), which allows multiple transactions to be bundled into a single batch. This reduces the number of transactions being processed on Ethereum’s main chain.
Litecoin (LTC)
Litecoin (LTC), often known as Bitcoin’s little sibling, was created by former Alphabet engineer Charlie Lee in 2011. Litecoin (LTC) was formed with enhancements to improve the original Bitcoin design.
Litecoin (LTC) is more suited to point-of-sale transactions and microtransactions than Bitcoin and has quickly become one of the best-established and most widely traded cryptocurrencies. This is because Litecoin (LTC) is seen as a robust peer-to-peer payment platform underpinning many decentralized finance networks.
Recent turmoil in the banking industry is shining a new light on DeFi platforms, which is good news for Litecoin (LTC), which is seen as a central part of DeFi development. However, with the continuing growth in the DeFi sector from plucky new projects, such as TMS Network (TMSN), Litecoin (LTC)’s supremacy is now in the balance.
