If there is one criticism of both the Ethereum and Binance Smart Chain blockchain, it’s the mass congestion both networks face, limiting the transactions that their users can accomplish.
The likes of Solana suffered heavily in 2021 with congestion on its blockchain, which led to network outages, with one lasting for 17 hours back in September.
With the cryptocurrency industry growing at a rapid rate and set for another big year in 2022, the performance of blockchains is of the utmost importance to allow a new generation of cryptocurrency investors to participate.
For those waiting for a platform aiming to fix the congestion of blockchains, look no further than Seesaw Protocol (SSW).
Despite launching just last month, the project has made a name for itself within the crypto community as it aims to bridge the blockchains of Binance Smart Chain (BNB) with Ethereum (ETH) and Polygon (MATIC).
Its focus lies on allowing investors to use the most efficient blockchain at the time and will provide users with a quick and cheap transaction experience.
As well as its congestion issues, Ethereum (ETH) had been known for its extortionate gas fees that had seen many flee the network in place of a more affordable blockchain to perform its transactions.
In an unprecedented aspect of Seesaw Protocol’s (SSW) plan, users will be able to move value between the blockchains with a 1% fee which is considerably cheaper than its rivals.
The Seesaw Protocol token (SSW) will be listed on PancakeSwap (CAKE), a decentralised exchange built on Binance Smart Chain (BNB), that allows users to swap its BEP-20 tokens.
It’s been somewhat of a meteoric process for Seesaw Protocol, whose first pre-sale slot launched on January 28 with the SSW price surging over 1000% with eight days to go until the end of stage one of the pre-sale.
The response to Seesaw Protocol (SSW) has been astounding as they remain two months away from its official launch; further gains of the SSW token could continue to skyrocket with two more stages to go.
While some may raise eyebrows at the speed at which the project has grown, they only need to look at the expansion of the DeFi industry last year, which reached a record high of $236 billion TVL (total value locked).
However, that’s not to say that some criticism shouldn’t be justified as the cryptocurrency industry has experienced its fair share of rug pulls.
The creators of Seesaw Protocol are anonymous, and that could prove suspicious to people as investors may choose not to invest if they are unaware of the people behind the project.
Nevertheless, Seesaw Protocol has made the right steps in proving its legitimacy, having requested, and paid for an audit with Certik, a security-focused platform that monitors blockchain protocols and DeFi projects.
The project has also released its white paper detailing what they plan to accomplish in a roadmap of 2022 as well as the Seesaw NFT platform.
Within the project, there is a bonus referral program during the pre- sale which means when the token is bought on PancakeSwap (CAKE) and successfully referred, a 5% bonus is rewarded to the person who referred future investors.
While much about the project has yet to be revealed in advance of its April 2022 launch, there is rising excitement about what Seesaw Protocol can offer the cryptocurrency industry.
Enter Presale: https://presale.seesawprotocol.io/register
Website: https://seesawprotocol.io/
Telegram: https://t.me/SEESAWPROTOCOL
Twitter: https://twitter.com/SEESAWPROTOCOL
Instagram: https://www.instagram.com/seesaw.protocol
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
Source: https://cryptodaily.co.uk/2022/02/can-seesaw-protocol-ssw-solve-ethereum-eth-and-binance-smart-chains-bnb-congestion-issues