Decentralised exchanges (DEX) are the most secure method for exchanging cryptocurrency. In contrast to a centralised exchange (CEX) like Binance, you instantly get complete ownership of the asset when you purchase cryptocurrency on a DEX. There is no third party acting as a middleman to oversee the trade.
However, while purchasing from a CEX, you do not hold the asset until you withdraw it to a wallet. While the token is on the exchange, you do not control it.
This raises the issue of why anybody would want to trade on a CEX if they do not even possess the underlying asset at the end of the process. To answer this, we will examine the DEX’s history on the Ethereum (ETH) network.
The Current DeFi Landscape: Is Ethereum (ETH) Losing the Race?
Ethereum (ETH) was the pioneer in the Layer 1 and DeFi field and is currently known as the king of altcoins. The most significant obstacle to the scaling of ETH has been its fluctuating and continuously high gas prices.
Gas costs are the costs associated with doing transactions on a network. Typically, the token used in transactions is the network’s primary currency, ETH, in this example. It may vary based on the blockchain, though.
The rising Ethereum gas charge has been the largest cause of stress for many blockchain based enterprises. Since Ethereum has been one of the greatest platforms for dApp development, many projects have begun on its smart contract. However, the price of its gas is becoming a serious challenge.
The Entry of Quitriam Finance (QTM): A Game Changer?
Quitriam Finance (QTM) blends the decentralisation of a DEX with multichain functionality. On a DEX such as Uniswap (UNI), if you were to purchase an ERC-20 token, you would be presented with a single choice for completing the transaction.
One method and one ETH gas fee, with substantial slippage, where slippage is the amount of difference between the projected gas charge and the actual gas fee after confirming a transaction.
The QTM decentralised exchange provides a fairly revolutionary feature. Quitriam delivers the best gas fee with the least amount of slippage from various blockchains by partnering with some of the largest blockchains available.
Consequently, QTM provides blockchain interoperability and the scalability and transaction volumes of Ethereum.
The DEX of Quitriam Finance can interconnect with partnered blockchains to discover the most advantageous gas costs and slippage rates. It conducts the legwork for you, rapidly identifying the optimal option for completing your preferred transaction.
Like Ethereum, this DeFi protocol might have enormously favourable effects on cryptocurrency adoption and interoperability levels in 2023.
Despite being a Layer 2 protocol (developed as a sub-network on another blockchain – the BSC), it benefits from Binance‘s scalability, making it a strong candidate to surpass other DEXs and DeFi protocols over time.
The Smart Investment: Should you Invest in Quitriam Finance (QTM)?
In its second round of presale, QTM has increased by 110%. Quitriam Finance might be the next hidden treasure to soar when confidence returns to the crypto markets. Its Mainnet testing is slated for completion before Q3, and its cross-chain growth is anticipated for the end of 2022.
Ethereum (ETH) is by no means a poor investment; just the contrary. ETH has, however, already had its titan run-up, and the opportunities for life-changing gains on a little initial investment have gone.
This makes Quitriam Finance (QTM) such a formidable candidate for life-altering gains. By connecting some of the industry’s most significant cryptocurrencies and revolutionising interoperability, the development team is bringing the future of cryptocurrency adoption closer.
While it cannot compete with Layer 1 tokens like Ethereum (ETH) and Avalanche (AVAX), purchasing the token during its presale might result in returns comparable to AVAX in 2021.
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Keywords: Binance, BSC, Ethereum, ETH, Quitriam Finance, QTM, Avalanche, AVAX, Cryptocurrency, Presale