There have been past attempts to create a digital currency that disrupts the global financial landscape. A few enjoyed some success, but they had fundamental deficiencies that caused their premature demise. Bitcoin proved to be the ultimate digital currency even though it has its shortcomings too.
Alternative cryptocurrencies have emerged to displace Bitcoin as the ultimate cryptocurrency. Some have enjoyed some degree of success, while many more failed woefully. ETH, BNB, BCH, and now DXB have made some strides toward reaching this milestone. While digital coins are currently at 1.53 Trillion US Dollars, they reached an all-time high of 2 Trillion Dollars in 2021. “Hodlers” gain returns from long-term value appreciation by limiting the risks of digital trading currencies for fiat.
Bitcoin remains suitable for large transfers, but it does not appeal for microtransactions due to high gas fees, higher volatility, and high slippage. Also, considering that it operates on an almost obsolete PoW algorithm, it causes high carbon emission and energy consumption, Bitcoin’s long-term future is questionable. The Binance Smart Chain (BSC)-driven DXB token eliminates said drawbacks, which makes the coin a perfect choice for Joe:
Joe won’t slip
The higher the volatility of a coin, the higher the slippage. While adjusting slippage is an option, setting it lower than 0.1% might mean you often lose cashing in or out in case of a jump.
Bitcoin enjoys the top position in the crypto market as it is also one of the most volatile digital currencies. Slippage tests the resolve of an investor and makes them consider the coin only for large transactions. DXB’s stability makes it a reliable, bankable option for regular transactions. Also, volatility is not the best option for new entrants in the market as losses would demoralize the green investor; DXB solves this problem.
Joe likes stability
In 2020, BTC had hit a low of $3,869 in March. Fast forward to 2021, and BTC hits $62,000. Bitcoin’s quick swings within a brief period makes it one of the most unstable digital currency in the market. With the advent of DXB, one can expect stability since an intelligent delegation of tokens and capital adds more credibility to the coin.
The growth of the cryptocurrency space has grown astronomically over the last decade, prompting more dexterous arrangements that helped Bitcoin scale speed and throughput impediments. The class of “advanced resources” gained popularity and began to incorporate different elements: security tokens, stable coins, non-fungible tokens (NFTs), etc.
Smart contracts for Smart Joe
With the advent of the BSC network, smart contracts have become commonplace and offer more security than other cryptocurrencies. For instance, transactions take longer and attract higher fees on the Ethereum network. The varied features amalgamated with low transaction fees make BSC more attractive to users compared to the others.
The long-term goal of DXB is to build multiple revenue streams and create incentives by utilizing smart contracts, thus eliminating past issues.
Winner of micro exchanges and transactions
Bitcoin uses peer-to-peer technology, but the fundamentals of Bitcoin were electronic transactions which it cannot fulfill given the scaling issues. With higher gas fees and lengthy transaction confirmation times, sending small transactions over the network is not worth it. On the other hand, the DXB token is a digital asset that aims to collect multiple technologies for a decentralized financial system, merchant payment channels, and charitable causes.
The future goal for DXB is to build a user-friendly payment model that utilizes cross-chain capabilities to serve the needs of merchants.
Joe likes speed
BTC mining requires immense processing power and is very asset escalated, so miners are compensated for their work with Bitcoin.
DXB enjoys the Proof-of-Stake algorithm employed on the Binance Smart Chain for the advancement of decentralized applications. The double chain design has changed how the BSC measures exchanges and has greatly improved its adaptability too. The new Binance Smart Chain implies a square time of just 3 seconds – which, let’s be honest, eats up Bitcoin’s ten-minute square time.
The comparison table gives a better insight as to why DXB wins over BTC.
|Project||Transaction verification Time||Stability and slippage||POW / POS algorithm|
|BTC||Very high, hence not suited for microtransaction||The more volatile the coin, the higher the instability. Slippage is inevitable. Setting it to less than 0.1 can restrict the in-flow/out-flow of cash.||It uses Proof-of-Work; hence a higher transaction verification time, energy wastage since they use coal to generate power for mining.|
|DXB||Low transaction verification time makes it the perfect choice for all classes of merchants.||DXB looks to solve perennial problems – scaling, speed, security, and monetary expenses. It makes it more secure and less volatile.||It works on Proof-of-Stake, which offers reduced gas fees and faster transaction verification time due to the BSC Network architecture.|
DXB is dedicated to solving the major issues limiting digital asset usage – instability and gas fees. DXB circumvents these problems and protects new investors from impermanent loss, making it a viable option crypto investment for a regular guy such as Joe.