Every once in a while, a project that not many had paid attention to, suddenly takes off one day and seems to take the market by storm.
I believe @ProtonXPR could be such a project.
Why? 🧵
$XPR #XPR
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#ProtonBlockchain is an #Layer1 protocol with a delegated proof-of-stake (DPoS) consensus, that in a general outline aims to provide an energy efficient #decentralized platform with fast and cheap transactions.
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At first glance it might look like just-another-blockchain, but once you dig deeper you realize how large the scope of this project really is.
And that’s exactly what we’re going to do now 👇
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#Proton intends to bridge the gap between #TradFi and #DeFi by enabling blockchains to communicate directly with fiat payment system.
It also aims is to provide an alternative to traditional payment systems, such as ACH, SWIFT, Visa and Mastercard.
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Ambitious goals, to say at least.
If they manage to achieve them, then not only they’ll make it more convenient for businesses and individuals to take advantage of the benefits of #DeFi, but we might be looking at the dawn of a true blockchain banking.
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Do they even have a chance, one might ask.
I believe they do, and here’s what I base my conviction on 👇
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First of all – a battle-tested crew of devs and experts in the fields of blockchain, banking, regulations, fintech and much more, led by @MarshallHayner
Full list of names with details is available here: metallicus.com/company
(#Metallicus is the company behind Proton)
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Secondly – for a blockchain to be adopted on a truly wide scale it needs to be most of all:
- inexpensive to use
- fast
- user friendly
#ProtonBlockchain ticks all of these boxes 👇
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Transfer of funds between wallets is essentially fee-less on #Proton
If I were to send you $100 you'd get $100, not less.
It’s achieved thanks to their resource model, which allows to shift the cost of use of the chain from users onto to the businesses
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#ProtonBlockchain can handle up to 4000 TPS (read – fast).
Additionally, according to @MarshallHayner, thanks recently deploying it on @MetalBlockchain (their Layer 0 protocol) it’s about to get a lot faster.
twitter.com/MarshallHayner/status/1613729956147888128?s=20&t=NwtLay_LGUuQ_VTiatJacg
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When it comes to ease-of-use, they also offer an innovative approach. Something that I'd love to see more often in the #crypto space - human-readable wallet addresses.
If you want to send money to someone, you just type in their user-name, not a string of letters and numbers
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What’s also worth mentioning is, that it's not one of those projects whose devs are idly waiting for someone to start building on their chain. Far from it
Guys behind #ProtonBlockchain don't like to sit on their hands
That's why it comes with a set of products native to it
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To name a few..
Lending market - protonloan.com
Decentralized exchange #DEX - protondex.com
NFT marketplace - protonmarket.com
I even had the pleasure of minting my own #NFT on protonmarket once
protonmarket.com/454141213512/85126
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When you add the fact that #Proton comes with its very own, easy to use, non-custodial wallet, available in App Store, Google Play and on webauth.com, you start to realize that it's more than just another blockchain, it's a fully working top-grade product.
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Last, but not least
Whether we like it or not, regulations are coming to this space, sooner or later
Once they do, they'll effectively scrub the market of every non-compliant crypto project out there
Good thing is, #ProtonBlockchain was built with that compliance in mind
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To summarize - we have a user-friendly, fee-less, fast and fully working product, with a team of professionals standing behind it.
It has a solid chance of succeeding at becoming the foundation for a true blockchain banking.
I belive the future looks bright for #Proton.
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From a Risk/Reward Ratio perspective $XPR looks promising too imo
Market cap below $30mil
Price currently floating at around $0.002
It feels like it has a lot of room for growth
Remember though that this is not a financial advice, so #DYOR before you make any moves
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If you found this thread interesting, I'd apprerciate if you hit the like button and RT the first tweet, to let others know about it too.
twitter.com/MoonshotsApe/status/1616734962291539968?s=20&t=VGchhBq1d31Im5OxjD6huQ
What are your thoughs on $XPR?
Are you a #HODLer alread or are you planning to join the ranks of almost 550k #ProtonBlockchain users? (source: protonscan.io)
Let me know in the comments 👇
As always - i wish you guys the best!
I am honored that this write-up has been recognized by the man himself @MarshallHayner.
Thank you sir!