Cryptocurrencies are digital finances that revolve around decentralisation. This is a process by which activities of an institution delegate away from an authoritative group. Cryptocurrencies’ increased popularity is evident as according to Exploding Topics, there is an estimated 1 billion people who will use crypto by the end of 2022.
Many blockchain networks have expanded their audience by creating large communities and ecosystems to draw more users to their platforms. Ethereum (ETH) is known for being the crypto network with the largest ecosystem.
An upcoming blockchain network attempting to build a reputable community similar to Ethereum is Celpish Finance (CELP). This editorial will explore how these two coins concentrate on building solid communities.
Celphish Finance – A Coin That Is Far From Selfish
Celphish Finance (CELP) is a community-driven project which enables multi-chain liquidity trading and sourcing from numerous liquidity sources. One of these sources includes DEXs that operate on multiple blockchain platforms.
Having a variety of sources will permit users to swap and trade tokens at the lowest price. The blockchain network’s goal is to make crypto holders and enthusiasts perform activities with their smartphones limitlessly.
CELP plans to scale up their operation frequently, offering its token holders simple functionalities without having to own high-tech devices. Users could see Celphish Finance’s long-term vision by looking at its roadmap.
Its first phase was to create a website, which they believed brought their vision to fruition by having a simple interface that accurately represents the project. Phase Two saw the launch of its NFT collection, where users can obtain collectables. The third phase was debuting their social media platforms, where many users can establish and engage an active community.
Phase four saw Celphish Finance developing a feature called Celphish Swap, built to provide the greatest liquidity and best pricing to perform a rapid exchange of crypto. Users will have to pay an inexpensive charge to switch between any two supported tokens.
Currently, in its presale stage, Celphish Finance has proven itself as a crypto network that is far from selfish, wanting to establish a solid community by providing multiple benefits for its token holders.
Outside of being the second most successful cryptocurrency, Ethereum (ETH) is known for having the largest crypto ecosystem. ETH is a decentralised platform with its blockchain.
The blockchain network’s ecosystem allows everyone to build various distributed applications, smart contracts and even own cryptocurrencies. These features’ purpose is to provide users with security, without the need for third parties such as agencies and banks to be involved.
Prominent crypto coins that run on the Ethereum network are Uniswap, Axie Infinity, ChainLink and Aave. Ethereum has planned to upgrade its network by transitioning to a proof-of-stake consensus mechanism. ETH has previously used proof-of-work but has since opted to use proof-of-stake due to its sustainability and security.
This upgrade is known as Ethereum 2.0, which will begin its testing this week. If this test is successful, Ethereum 2.0 plans to officially launch in September 2022. Ethereum has a large community which has permitted the blockchain to remain the second most valuable cryptocurrency in the market. This gives buyers confidence when purchasing the ETH coin.
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