Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Articles about Cryptocurrency => Topic started by: Goodcat49 on June 30, 2018, 08:11:06 PM
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IP Gold is kicking off their transfer from the Ethereum blockchain to NEM’s with a generous sale.
The sale will last for 24 hours and start on July 3rd, 2018. The sale will give buyers a 50% bonus on purchasing IP.Gold’s token.
The public event will be held a week later on July 11th, for those that miss out on this 24-hour sale.
NEM Blockchain Chosen For Long-Term Stability
IP.Gold cites reasons for the transition to long-term sustainability. While Ethereum quickly became the de facto standard for tokens, the number of tokens relying on Ethereum’s infrastructure will continue to put a strain on transaction capabilities and speeds.
Success of Token Shouldn’t Cripple Infrastructure
Crypto-Kitties, a tradeable asset that relied on the Ethereum network, slowed down the whole network back in December due to the massive amount of volume it was processing due to a craze for the collectible kittens.
Pending transactions increased by 6-fold during peak, and users shouldn’t have to decide from the success of a token or the success of the underlying transaction. Worrying that the success of your project is preventing other projects on the same infrastructure from conducting business isn’t something that projects should have to worry about.
To add on top of this, Cryptokitties is going mobile which will add further strain from a new influx of users and transactions. While Ethereum has claimed to support an unlimited amount of dApps, the rising in fees (for both Ethereum and Cryptokittes transactions) have raised questions regarding this claim.
With alternative blockchains with smart contract capabilities, better scalability, faster processing speeds, and other advantages, blockchains like NEM’s are becoming viable options for companies looking for existing infrastructure from which to build off.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/ip-gold-announce-sale-to-celebrate-move-to-nem-blockchain/
(https://coinidol.com/upload/resize_cache/iblock/246/900_900_1/246793b1999a9ba60477be21117a37d2.jpg)