NEAR Protocol (NEAR) and VeChain (VET) Lose Market as Snowfall Protocol (SNW) gains 1000x!
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The market is busy talking about the new ICO Snowfall Protocol (SNW) that has been outdoing some of the better-known cryptocurrencies in the market. Snowfall Protocol (SNW) is in its pre-sales Stage 2 and is getting predictions to be the next 1000x token out there.
NEAR Protocol (NEAR) and VeChain (VET) are two popular cryptos in the market, but they are falling behind due to weak offerings when compared to Snowfall Protocol (SNW). Let us discuss why Snowfall Protocol (SNW) is a better project than both VeChain (VET) and NEAR Protocol (NEAR).
NEAR Protocol (NEAR) is a network that offers scalability and security by using the nightshade sharding concept to scale its offering. Sharding involves the distribution of data into smaller chunks to process it better. This supposedly makes the scaling process more efficient and allows for higher transaction flow. This means that users who are tired of hanging around other slower networks will eventually move to NEAR Protocol (NEAR).
However, it does not address blockchain interoperability issues and will lag behind Snowfall Protocol (SNW) in the long run.
VeChain (VET) operates on the basis of a distributed ledger and offers blockchain services to businesses. VeChain’s native coin VET, manages all on-network operations. VeChain (VET) tries to support a reliable distributed business network.
VeChain offers businesses its Crypto network platform for building their decentralized apps. VeChain (VET) also offers IoT (internet of things) solutions. Once again, the chain falls short due to the lack of inter-operability, and it will always underperform compared to Snowfall Protocol
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