LONDON, May 18, 2021 (GLOBE NEWSWIRE) — Smart DEX Chain is a one-of-a-kind blockchain introduced by the SwapDEX exchange platform to become the underpinning of the SwapDex ecosystem. As the name suggests, this new blockchain is a smart chain, meaning it will be capable of hosting smart-contracts.
There are already several blockchains allowing projects to deploy contracts, including Ethereum, Binance Smart Chain (BSC), Cardano, Polkadot, etc. However, the Smart DEX chain introduces a number of game-changing, more convenient, and reliable options for hosting smart-contracts. This chain is going to be the ultimate competitor against Ethereum and ultimately tower.
Among the best features of this blockchain include; zero gas fees, top speed and scalability, complete decentralization, the SDX coin, and attractive node rewards. This guide will look into this new smart chain to see how crypto investors will benefit from its launch.
Top Speed and Scalability
Unlike most other blockchains in the business today, the Smart DEX Chain will foster top speeds and convenience for the users. The current situation in blockchain is very discouraging, with top blockchains like Ethereum and Bitcoin facing problems like slow transactions and no scalability. It takes minutes, sometimes hours, for these blockchains to process transactions.
The Smart DEX Chain will completely redefine the role and features of blockchains. It is capable of completing 4,000 transactions every second.
Processing up to 4k transactions every second will help ensure there are no waiting times for transactions to complete. The scalability and speed of the Smart DEX Chain will attract many upcoming smart-contract based projects.
Zero Gas Fees on Smart DEX Chain
The current gas charges in the crypto space is a barrier to the development of the industry. Ethereum gas charges have, for instance, in the past year, surged over 1,000 percent, and the values are continually surging. BSC was introduced to provide a cheaper alternative to Ethereum, but having the biggest centralized exchange running a chain for decentralized projects is a contradiction itself.
The new Smart DEX Chain is, however, redefining the game. SwapDex, the first DApp in the Smart DEX Chain ecosystem, will complete many transactions at zero gas fee. It has instituted policies that will ensure this chain will be self-sustainable without depending on the gas fee collection. However, in deploying smart contracts, projects will be charged favorable fees.
Earn Great Rewards when Running Masternodes
Masternodes are systems instituted to help in mining coins. So how can someone run a masternode on the Smart DEX Chain?
Foremost, you must have at least 10,000 SDX coins to be eligible to run a masternode. If you have more coins you can choose to run multiple masternodes and earn more rewards.
Another requirement is a computing device with at least 4 GB RAM. These computing devices include a phone, laptop, virtual private server, and Raspberry Pi.
Persons running masternodes have a chance to earn significant passive rewards. The number of block rewards per minute in the first year will be 220 SDX coins, with masternode owners receiving 51% of the rewards along with 9% going to stakers of the SDX coin and 40% going to the Community Treasury. 220 block rewards per minute is equal to about 9.5 million SDX released monthly.
This blockchain will implement an annual reward halving concept to protect the coin’s value. Therefore after one year, the block rewards per month will reduce to 4.25 million SDX.
A Truly Decentralized Blockchain
There is no major blockchain today which can boast to be decentralized. All blockchains, including BSC, ETH, and Bitcoin are highly centralized since only a small number of people control the platforms and businesses.
Smart DEX Chain is introducing a truly decentralized blockchain network. The community will have control over the…