MATIC And FTM Race To Power The DeFi Ecosystem! This Is Why BTC And ETH Will Underperform! – Coinpedia – Fintech & Cryptocurreny News Media

As a consequence of the blood–bath seen across the crypto-verse, BTC and ETH has lost over 20% of their value in the past two months. Meanwhile, MATIC and FTM are up by over 50% in the same time frame. 

The crypto fraternity has been complaining that the market pioneers BTC and ETH  are overly complicated, ultra–expensive, and awkward platforms. And hence they failed to oppress the bearish rule in the past couple of months. Especially emerging tokens Polygon and Fantom have taken the space by storm by being agile and cost–efficient. 

Proof-of-Stake Platforms To Top The List Soon! 

It’s great to see some healthy reporting on the crypto-verse apart from BTC, ETH, and meme coins. Until early 2021, the Ethereum blockchain was the collective host of the majority of DeFi activity. The blockchain records transaction information in terms of lines of computer code. As smart-contract functionality is in-built, the third-party roles will be eliminated. 

Yet the technology is not advanced, it is just an updated version of Bitcoin. However, these primary protocols work on a mechanism called Proof-of-Work, where a tedious algorithm is followed to validate transactions. 

On the other hand, emerging tokens especially Polygon and Fantom use an agile mechanism called Proof-of-Stake (PoS). The mechanism thrives to validate a bundle of transactions instantly. Moreover, they have been occupied in building sophisticated technology with constant upgrades. 

The above analytics confirm how the platform with the PoS mechanism outstripped the market leaders with a huge margin. As they were the roots of Cryptoverse, they hold a vast market cap. If they fail to incline themselves with futuristic technologies then there is a possibility of losing their status. If Polygon and Fantom continue to show similar growth in the next couple of years then their market cap will be larger than BTC and ETH. 

Collectively, after the short market crash on January 5th, Fantom and Polygon are up by over 10% in the past couple of days. Whereas, market leaders almost lost their volatility hovering within the same range–bound scale. Hence, if the similar cycles continue to reiterate, then we may get to see new leaders of the cryptoverse.