America’s Largest Exchange: Atrium’s only killer is Atrium 2.0!
Kevin Base, the largest digital currency exchange in the United States and the second largest in the world, recently released a report examining the future of Atrium over its competitors. Experts at the exchange believe that by changing the Atrium network mechanism to stock-proof, other blockchains will no longer have room to compete with it.
To Report Kevin Desk, the second largest Chinese blockchain network and digital currency market after Bitcoin, has become the focal point for some of the latest digital currency-based innovations, including DeFi and NFT tokens.
However, as Atrium grows in popularity and transaction fees rise in the blockchain, many competitors plan to build better networks to attract users of the popular blockchain by offering lower fees, increased speed and throughput. The price of first-tier blockchain tokens such as the Solana, Cardano, and Bainance Smart China, known as the “Atrium Killer,” has risen sharply during this period, with the idea that one day they could pull the market out of Atrium.
QuinnBase exchange analysts, whose research is being used by major investors in the digital currency market, say Atrium could prevent these new projects from working.
Atrium Layer 2 protocols, or contiguous systems that operate alongside Atrium’s core network with the goal of speeding up processing and reducing transaction fees, may be able to assist Atrium in preventing competition with other Layer 1 protocols. Scheduled updates, such as the complete transfer of the network mechanism from the current proof-of-work model to stock proofing, as well as the introduction of Sharding technology, can help Atrium in this direction.
Kevin Bass wrote in a recent report:
As the scalability of the Atrium ecosystem improves, users of decentralized applications may be tempted to look for faster and cheaper alternatives to this blockchain.
Quinn Base said several networks in the digital currency space are expected to operate together in the near future; But Atrium can retain its throne.
The report of this exchange states:
In our view, the scaling up of Atrium Layer II scalability solutions with updates such as main network integration with [بلاک چین مبتنی بر اثبات سهام] Beacon Chain and the use of sharding technology, can advance the first layer of alternatives [اتریوم] In their current state.
Also read: fast and cheap transactions; What are the solutions of the second layer of atrium?
A crucial transition to proof-of-stock and capacity utilization of Layer 2 protocols
The Atrium China Block is about to move to the stock proof consensus model of the current proof-of-work mechanism. The older model of proof-of-work, which is also used by the Bitcoin network, consumes a lot of energy. The Atrium network mechanism changes to a stock-proof model by merging with China Bacon Network. Bacon China was, in fact, an early version of the Atrium stock-based blockchain that has already been launched.
These changes should help reduce the energy consumption and processing power of the atrium. While network restructuring does not guarantee speeding up and reducing transaction fees, the availability of second-tier Atrium protocols, such as those based on ZK-rollups technology, can attract developers and encourage investors to stay in the ecosystem.
According to analysts at Kevin Base, this development is likely to limit growth opportunities for atrium’s first-layer alternatives in the second half of 2022.
Protocols that use ZK-rollups technology aggregate transactions and execute them in out-of-chain environments before sending the updated data to the Atrium network. According to Quinn Bass, scalability that can be achieved through the wider use of this technology can be considered the key to the success of Atrium 2.0.
Quinbis added at the end:
It is crucial to use this capacity in order for the Atrium network to be available to billions of users in the long run and process tens of thousands of transactions per second.