Various blockchain networks have emerged since Bitcoin. However, with the impending release of Avorak AI on the BNB chain, many are questioning the future relevance of several blockchain networks, such as Kaspa (KAS).
What is Kaspa (KAS)?
The Kaspa Network is a Layer-1 blockchain designed to solve the scalability obstacles of other blockchain networks, such as Bitcoin and Ethereum. It uses the GHOSTDAG protocol and a consensus mechanism based on proof-of-work to facilitate high throughput and quick transaction speeds.
The BNB Chain
The Build N Build (BNB) Chain was formed when Binance merged the Binance Smart Chain and the Binance Chain. The BNB chain is a scalable, fast, and secure network powered by the BNB token, where users build decentralized applications (DApps). Additionally, it is Ethereum Virtual Machine (EVM) compatible, allowing it to support apps built for Ethereum as well.
What is Avorak AI (AVRK)?
Avorak AI is a new artificial intelligence (AI) platform built on the Binance Smart Chain. The AI crypto project aims to provide a suite of AI solutions to users all over the world through the blockchain. These artificial intelligence tools and so much more will be accessible through the AVRK token.
Avorak AI is already famous among investors with the constant success of its ongoing ICO and solutions such as Avorak Trade. Several accurate predictions by Avorak Trade recently have added to the excitement surrounding the potential benefits of Avorak’s AI trading bot. The Avorak Trade bot does more than just make automated trades; it uses overlays and alerting systems to inform users in case of shifting market trends or patterns. Avorak Trade will also not require coded programming, making it more efficient and easy to use, even for non-power users. Additionally, Avorak’s AI and blockchain capabilities guarantee the safety of its users’ API keys.
AVRK is currently selling at $0.145 in phase 3 of its ICO. Crypto analysts such as Crypto Baby and Crypto Bape believe AVRK’s price to be quite a discount compared to its potential growth once Avorak AI is launched.
Kaspa Network (KAS) vs. Avorak AI (AVRK): Will Kaspa remain relevant?
While Kaspa Network and Avorak AI have different approaches, they both aim to address similar fundamental issues, such as convenience for their users etc. Kaspa focuses on providing a faster and more scalable blockchain network, while Avorak AI uses the blockchain to enhance and provide access to AI services. The BNB chain already offers many of the solutions the Kaspa Network aims to provide, and Avorak AI’s release on the BNB chain could give it an edge over Kaspa Network.
AI has been increasingly used in the blockchain ecosystem to optimize transaction processing and improve overall performance. Avorak’s integration of AI and blockchain make it more efficient, secure, and scalable than Kaspa Network. This makes Avorak AI more attractive to investors. Also, despite Avorak AI (AVRK) being in ICO and Kaspa Network (KAS) being around for a while, AVRK’s price is already higher than the KAS price.
Despite Kaspa Network’s gradual improvement in scalability and security, the addition of Avorak AI to the BNB chain has the potential to render it obsolete. Nonetheless, it remains to be seen how these two networks will compete and evolve in the future.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.