Ledger technology or DeFi? Ethereum (ETH) vs Seesaw Protocol (SSW)

As the cryptocurrency market loiters in acquaintance of a capricious nature in the first quarter of 2022, definitive trends are up-and-coming. One of the major trends of this year is that contractors have fashioned a fair few improbable efficacy that have the prospective of unsettling the market, these efficacies alternating from finance to event ticketing.

One other common trend that blockchains themselves encountered was issues surrounding grading and UX – something the abundantly decentralized multi DeFi platform Seesaw Protocol (SSW) sought to combat.

A DeFi alludes to fiscal assertions that are fabricated on blockchain technology that permit digital transactions amongst several revelries. The blockchain is primarily a public ledger for digital estates complete of cryptocurrencies. DeFi’s can comprise of loaning crypto, sending crypto, or endowing crypto. The role of a cryptocurrency public ledger on the other hand is a record-keeping system. The ledger anonymously preserves a contributors’ identity, their individual cryptocurrency balance alongside proof of all candid transactions implemented amid network contributors. Ledger technology by itself cannot combat the issues without the aid of an abundantly decentralized multi DeFi platform such as Seesaw Protocol (SSW). The Seesaw Protocol (SSW) is fortified to treaty with both opportunities as well as challenges that accompany the notion of an enhanced crypto experience.

The lowdown on Ethereum (ETH)

Ethereum (ETH) is a ledger technology that syndicates are expending on to construct innovative programs – Ethereum (ETH) does this by granting the construction of decentralized applications to be developed on top of its original infrastructure which contributed to the formation of DeFi platform Seesaw Protocol (SSW). Currently sat as the market leader in cryptocurrency, Ethereum is not immune to the challenges that its competitors face on the daily. A challenging year ahead is to be predicted for Ethereum (ETH); ETH’s return on investments relies heavily on smart contracts. These contracts are most noteworthy for NFTs footing in the market, yet Ethereum’s proof-of-work assembly prominently ends in elevated transaction overheads and a comparatively slow network when compared to SSW – this network will prove to be a limitation if not amended swiftly.

Having recognised this, Ethereum does have some plans underway to rectify the issue. Ethereum want to transition into a more reasonable proof-of-stake protocol in place of its proof-of-work protocol. If this is successfully pulled off, the cost of Ethereum is expected to decrease while transaction speed is expected to increase.  This grants more proficient competition between Ethereum and its rivals in the market. Assuming Ethereum (ETH) can maintain their pecuniary security as well as the momentum of making amendments as speedily as possible, the two aspects of cost and speed may be sufficient to keep Ethereum above its smart contract facilitated blockchain competitors.

The lowdown on Seesaw Protocol (SSW)

Seesaw Protocol (SSW) channels an abundance of blockchains while facilitating the currency’s owners in circulating value of diverse bionetworks at a swift rate. The utility cryptocurrency is arranged to inaugurate in April of 2022 and saw fantastic advances in just the first 3 weeks of its presale in which the value surged over 1000%. SSW accepts currencies such as Binance Smart Chain (BNB), Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), DASH, Dogecoin (DOGE), Tether USDT (ERC20-TRC20) making the prospect of ROI from the fully decentralized multi DeFi platform fairly elevated.

Unlike Ethereum (ETH), Seesaw Protocol’s (SSW) ledger technology equivalent, Seesaw Protocol (SSW) is non mineable keeping the costs of the blockchain relatively low – an issue that ETH is yet to contest. SSW’s ambition is to deepen its users crypto experience; this is intended to be done through the promise of a fixed low fee of 3%, better rates and transparency in an industry where it’s not always prevalent. SSW will be bridging the gap concerning industry giants Binance Smart Chain (BNB), Polygon (MATIC), and Ethereum (ETH) authorising the currency owners to ration tokens and other currency between the three prevalent blockchains seamlessly.

Seesaw Protocol (SSW) is obtainable now; the first stage of presale ends on February 25th 2022 in which a second stage will shortly commence.  Sales continue until the 3rd and last presale which is expected to take place on April 8th 2022.

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