5 things that make logarithmic finance like ethereum (ETH) OR binance coin (BNB)

By PROMO CONTENT

MAY 9, 2022 13:52

Introduction

Problem-solving is one of the most common traits that one can find in any top-tier cryptocurrency. Cryptocurrencies with this attribute have a good chance of disrupting the cryptocurrency market. From Bitcoin (BTC) to Ethereum (ETH), Binance Coin (BNB) to Solana (SOL), each of these giant cryptocurrencies reached the top because of their problem-solving features. Logarithmic Finance (LOG) is a recently launched cryptocurrency that is looking to disrupt the crypto world. It possesses all the characteristics that would eventually make it the next big thing in the crypto market.

Logarithmic Finance (LOG) aims to be the next generation of decentralised finance and exchange protocols, enabling seamless connectivity and interaction between early blockchain innovators and investors. An intuitive interface and Web 3.0 as the underlying technology infrastructure unleashes the true potential of decentralised finance, raising funds for innovators, quickly and easily attracting the attention of key investors on the platform.

Raising funds in a decentralised world is always considered a tricky task, and the models that were created for this purpose always get criticised for several drawbacks. These drawbacks include High listing costs, Lacks funds security, and Low-budget innovators. Capitalising on these drawbacks, Logarithmic Finance (LOG) deep-dived into this market to resolve problems present at both ends. It stages the idea of a liquidity pool that fills the gap and acts as a bridge. This idea of a liquidity pool enhances the buying power of Innovators that are looking for initial market entry across open blockchain networks.

The basic idea behind the creation of this cryptocurrency is to contribute to community ideas, develop advanced features for project innovators and liquidity providers, and immerse themselves in the true wonders of DeFi innovation in the middle of a safe, scalable, and cost-effective ecosystem.

1. Fully Homomorphic Encryption

Its goal is to provide robust security for the exchange mechanism available to end-users through full homomorphic encryption, eliminating the need to decrypt packets while the computational process is taking place behind the scenes. From the fact that fully homomorphic encryption allows arbitrary computation of encrypted data, one can understand its potential.

2. On-Chain Data

It collects feedback from on-chain data from time to time, in addition to waterfall project management, DevOps best practices, and implementation of fully homomorphic encryption. It is essential for Logarithmic Finance (LOG) as it helps the engineering and UI / UX design teams make the necessary changes to the interface and other features to provide a seamless experience for users on the platform.

Cross-Chain and Multi-Chain

Logarithmic Finance (LOG) is on the verge of becoming a fully decentralised Layer 3 exchange protocol. In that respect, it is important to combine interoperability between heterogeneous blockchains with interchain communication. Since this is a complex implementation, it is necessary to observe these integrations in a multi-step deployment before replacing the pseudo-centralized bridge with a fully distributed consensus mechanism.

Cross-chain integration facilitates multiple use cases to expand the reach of innovators and investors on the platform. For example, innovators will be able to auction tokens on Ethereum to the NEO network to take advantage of low-cost transaction fees and scalability. In addition, cross-chain integration also supports P2P transactions between different blockchains.

4. Reduced Gas Fee

Its experienced development team has designed a robust code architecture for the platform, following a minimal approach that includes a clean, modular code structure. In addition, the platform ensures that only critical data is pinned to the blockchain, thereby optimising the resources deployed. Combining all these practices can help balance all transactions made in log finance and reduce gas charges.

5. NFT Swap

Introduce the NFT auction function to the platform dedicated to LOG token holders. Project innovators can accept payments with irreplaceable tokens in exchange for various cryptocurrencies or stablecoins. Upon the completion of the rollout of cross-chain integration, it will introduce more stable coins and networks that will further facilitate NFT swaps.