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Phase One of the TMS Network (TMSN) Presale Event Smashes Targets, What Does It Mean For Litecoin (LTC) And Cardano (ADA) Investors?

Author

Jonathan Gibson

Tags

Reading time

3 mins
Last update

Author

Jonathan Gibson

Tags

Reading time

3 mins
Last update

Author

Jonathan Gibson

Tags

Reading time

3 mins
Last update

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Litecoin(LTC) and Cardano(ADA) both have been in the news since their releases and have seen great heights during the bull run of 2021. 

Touching their all-time highs, both Cardano (ADA)  and Litecoin (LTC) were able to secure a huge number of investors during the bull run but since late 2021- and, indeed, the whole of 2022- both coins suffered a huge devaluation, and are slowly trying to get back on their feet.

TMS Network (TMSN), on the other hand, has gained ground, raising an impressive $2 million in its private seed sale, and is beginning to make some serious waves in the market. Let’s take a closer look at all three…

TMS Network(TMSN)

If you are a crypto enthusiast then you will surely have heard the recent buzz about the TMS Network(TMSN). So what is the deal?

TMS Network (TMSN) is an innovative decentralized trading platform that aims to revolutionize traditional trading practices. By utilizing the power of blockchain technology, TMS Network (TMSN) eliminates the need for centralized intermediaries, putting traders in full control of their assets and allowing them to (finally) trade on their terms.

The platform tackles the most pressing issues in current trading environments, such as high trading costs, price inconsistencies, transaction delays, price manipulation, and inadequate trading experience. 

Additionally, TMS Network (TMSN) provides vendors with an extensive range of educational resources, including webinars, training videos, and guides, to help them make informed decisions and execute trades confidently.

The recent seed sale of TMS Network (TMSN) demonstrates investors’ confidence in the platform, and the market response reflects its obvious potential.

Litecoin (LTC)

Litecoin (LTC) is a decentralized digital currency that was created in 2011 by Charlie Lee, a former Google engineer. It is one of the earliest and most popular alternatives to Bitcoin, designed to offer faster transactions and lower fees. Litecoin (LTC) is based on a peer-to-peer network protocol that is open-source and free to use, and it uses a proof-of-work consensus algorithm to secure the network.

The deflationary model of Litecoin (LTC) is a groundbreaking feature where the amount of Litecoin (LTC) mined decreases gradually, ‘halving’ every 4 years, leading to a scarcity of the cryptocurrency over time.

Furthermore, Litecoin’s (LTC) implementation  of the mimblewimble protocol has caused a great deal of noise, winning both popularity and critics in the competitive market. 

Cardano (ADA)

Cardano(ADA) uses a unique proof-of-stake consensus algorithm called Ouroboros, which allows it to operate more efficiently and with lower energy consumption than traditional proof-of-work blockchains. Cardano (ADA) also employs a layered architecture that separates the computation and settlement layers, which enables greater flexibility and scalability.

Since the release of the Cardano(ADA), smart contracts have gained huge attention, and with the continuous upgrades, there have been periods of great fluctuations for this cryptocurrency. 

2023 also looks very promising as Cardano’s(ADA) highly anticipated “Alanzo hard fork” is expected to take place in the first quarter. This upgrade will bring smart contract functionality to the platform, which will enable developers to create and deploy a wide range of dApps.

Conclusion

Upgrading to MimbleWimble has been applauded by some, but it has also brought backlash from many for Litecoin(LTC). Making many investors question its long-term potential. On the other hand, TMS Network (TMSN) pre-sale has been a huge success with early investors, wowed by its potentially game-changing possibilities.

While Litecoin (LTC) and Cardano (ADA)  are both popular cryptocurrencies, with their own unique features, TMS Network’s (TMSN) focus on the supply chain industry gives it a significant edge over other platforms. 

As more and more businesses seek to improve their supply chain processes, TMS Network (TMSN) is well-positioned to become a major player in the industry. 

For more information:

Presale: https://presale.tmsnetwork.io

Whitepaper: https://tmsnetwork.io/whitepaper.pdf

Website: https://tmsnetwork.io

Telegram: https://t.me/tmsnetworkio

Discord: https://discord.gg/njA95e7au6

Twitter: https://twitter.com/tmsnetworkio