Despite the recent bull run, some layer-1 blockchains like Cosmos (ATOM) and Cardano (ADA) are looking for ways to increase network appeal and increase the number of users drawn to their platforms. Some of the measures of these blockchains have worked with little effect, perhaps because the general crypto market sentiment is down.
Or perhaps because of the intense competition they are facing from new blockchains and investment protocols. A great example of this new investment protocol is Sparklo (SPRK) – a trading platform dedicated to helping new and old investors gain exposure to precious metals like gold and silver.
Cosmos (ATOM) Blockchain Announces Security Upgrade
Cosmos (ATOM)- the blockchain dedicated to improving communication and cooperation between blockchains- has recently announced a new security upgrade meant to improve its network services. This move comes as Cosmos (ATOM)has struggled to maintain any positive price movement all year. Cosmos (ATOM)rallied at the start of 2023 but dropped significantly in March.
The new update will distribute 25% of consumer chain fees to Cosmos (ATOM) Hub Stakers, thus making them more efficient in maintaining network security. The consumer chains will then be focused on growing the Cosmos (ATOM )network economy. The additional yields generated by Cosmos’ consumer chains will increase staking activity by increasing the average yield of Cosmos (ATOM) holders.
Cardano (ADA) Adds Wrapped BTC to its Network
Cardano (ADA)’s executives have added a wrapped BTC token on the Cardano (ADA) test network to boost network usage. In addition, adding Wrapped BTC will increase the number of Defi activities on the Cardano (ADA) blockchain, thanks to the increased liquidity from Wrapped BTC (cBTC).
Cardano (ADA)’s network executives have announced that users can mint wrapped BTC from the AnetaBTC protocol live on the Cardano (ADA) blockchain. Already, Cardano (ADA) has increased the size of its Total value locked in the first few months of 2023. Cardano already faces intense competition in the decentralized finance sector from giants like Ethereum.
Sparklo (SPRK) Aims to Become Main Network for Investing in Precious Metals
Sparklo is the world’s first blockchain and derivative exchange platform dedicated to helping people invest in precious metals. Sparklo is an alternative investment platform focusing on gold, silver, and platinum. The platform uses fractionalized NFTs, allowing users to invest in precious metals at a cheaper rate than traditional exchange platforms.
Investing in precious metals has many benefits, including increased wealth protection from the jaws of inflation. In addition, these precious metals are stored in a safe house. A customer’s share of precious metals is represented by Sparklo fractionalized NFTs which can easily be redeemed for cash. Better still, investors will be allowed to sell their Sparklo NFTs directly to other traders, thus increasing the overall liquidity of Sparklo.
Sparklo token will be a highly tradable and liquid coin that helps investors get exposure to precious metals. Sparklo is a new project, but it’s a very safe one. Sparklo just completed a recent security audit, and the results are posted on the company website, which will be linked below.
One incredible thing to note about the Sparklo token is that despite all its market hype, it is still in the early phases of its presale. Nevertheless, we strongly believe that Sparklo will be one of the most exciting crypto projects in 2023. So if you want to join Sparklo, now is a great opportunity its price is only $0.015.
To learn more about Sparklo’s presale, you can check the following links below.
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
Source: https://www.cryptopolitan.com/cosmos-atom-and-cardano-ada-aim-to-increase-network-appeal-amid-intense-competition-from-sparklo-sprk/