The COVID-19 pandemic led to a surge of users investing in cryptocurrency markets, but the 2022 bear market and the collapse of some centralized exchanges caused concerns for investors. Ethereum (ETH) reached its all-time high of nearly $4,810 in November 2021, but fell to $1,060 after eight months, causing worries for digital assets. However, ETH is still an attractive investment option for many investors due to its potential for long-term growth and stability. Altcoins that have high potential for growth and stability are seen as more attractive investments than meme coins with uncertain futures.
Ethereum is attractive to investors because it enables developers to build decentralized applications (dApps) using smart contracts, which provides benefits such as transparency, security, and immutability. This innovation, along with other Ethereum upgrades like the “London Hard Fork,” which improved transaction fees and resulted in a deflationary effect on the ETH supply, contributed to the network’s growth and development, cementing its position as a leading blockchain platform.
Layer-2 solutions like Arbitrum and Optimism are being introduced to improve the scalability and efficiency of the Ethereum network. These solutions bundle hundreds of transactions into one, reducing transaction fees and increasing processing speeds. However, layer-3 solutions like NvirWorld’s mainnet can offer even more benefits, including reduced costs and improved accessibility, making blockchain technology more accessible to people in rural areas or those with poor internet connections.
NvirWorld aims to define its mainnet as Layer 3 by bringing high utilization and commercialization of blockchain technology. It possesses patented technologies that show its strong technical capabilities, including the “Stay-pending” technology patent, which reduces the cost of transactions, and another patent that enables payments and transactions using cryptocurrency without an internet connection. Investors believe that the launch of the NvirWorld mainnet and its hardware wallet will provide a new level of security for users’ assets.
The launch of NvirWorld’s decentralized exchange – INNODEX, with an interface similar to centralized exchanges, could attract more traders and investors to their platform. NvirWorld has partnered with Solana and ConsenSys, the company behind popular blockchain tools like MetaMask and Infura, to take its software development to the next level.
Although some investors may be hesitant to invest due to the mainnet being launched in the fourth quarter of 2023, many believe that NvirWorld has the potential to become the next big player in the industry. By introducing layer-3 solutions, the scalability of the NvirWorld Mainnet could increase and the burning mechanism could increase the value of NVIR in limited quantity, providing investors with new opportunities.
In conclusion, Ethereum is still an attractive investment option for many investors due to its potential for long-term growth and stability. Altcoins that have high potential for growth and stability are more attractive investments than meme coins with uncertain futures. Layer-2 solutions like Arbitrum and Optimism have improved the scalability and efficiency of the Ethereum network. However, developing layer-3 solutions like NvirWorld’s mainnet can bring even more benefits, including reduced costs and improved accessibility, making blockchain technology more accessible. NvirWorld has made significant strides in the world of altcoins and has the potential to become the next big player in the industry.