DTX Testnet Beats ADA and TRX Performance; Here’s Why This L1 Could Be the Next Cardano

August 30, 2024

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Cryptocurrencies have brought in high earnings to investors who stepped in before the values soared. Even though Cardano (ADA) held strong until 2023, it does not boast the explosive potential for those who joined early anymore.

Tron (TRX), on the other hand, is still performing well, although it has been moving up very slowly. On the other hand, new presale projects like DTX Exchange (DTX) have favorable parabolic growth potential and have become the best L1 coin. Just like Cardano (ADA)and Tron (TRX) in the early days, the DTX Exchange is growing rapidly and is now one of the best investment opportunities of 2024.

Cardano (ADA) Chang Hard Fork Update

Cardano (ADA) is all set for the most important upgrade in its two-year history. This transformation will result in a major network reconfiguration that will bring about new implementations for participating in the on-chain governance activities for users. The Cardano (ADA) Chang hard fork that was initially planned for this week will now take place on September 1, as Hoskinson talked about last Friday.

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Initially, the first part of this boost is to make it technical by bootstrapping Cardano (ADA). Furthermore, An Interim Cardano (ADA) Constitution alongside an Interim Constitutional Committee (ICC) will be set up for the time being. An interim constitution will guide Cardano (ADA) to safely pass through a hard fork, with ICC acting as a temporary governance body. ICC will be committed to the constitution’s principles and, with other authorities, will vote and veto the initial on-chain governance actions.

Justin Sun’s USDD Stablecoin Swaps Bitcoin for Tron (TRX)

In recent news, the Tron (TRX) DAO Reserve has made changes to the USDD stablecoin’s collateral structure. About 12,000 Bitcoin (BTC) was taken out from their reserves and replaced by TRX, the native token of the Tron (TRX) blockchain, as the main asset backing USDD’s value, which is now worth over $726 million.

USDD, under the conservative approach of over-collateralization, to make sure such is not happening with them, has indeed become such. At that time, the Tron (TRX) DAO set the minimum collateralization value as 130%, but this recent change was one of them, and some others were done without holding a vote. The only thing on the USDD website’s protocol is that in May 2023, they would use Tron (TRX) tokens from the stablecoin’s reserve for Tron (TRX) governance.

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DTX Exchange Set To Lead With Biggest Headwind

DTX is the world’s leading exchange platform that provides global traders with rock-solid and secure aspects of the trading environment, built on blockchain layer-1 solutions. By fair surcharges and leaky liquidity with more than 1000x leverage, merchants can now execute larger market orders with only the smallest broad market swings to make trading applications of the highest standard sleep smoother and more efficient.

DTX Exchange opens a new avenue into the trading arena. It offers users 100% control over their funds and private keys in public (non-custodial) wallets through a no-KYC policy while ensuring their security. The model of blockchain layer-1 indeed follows individual ownership and responsibility.

DTX Exchange raised an impressive $2 million in the third round of public presale project sales, catching the eye of more Cardano (ADA) and Tron (TRX) investors in the innovation space. The system’s future is no doubt good because DTX equipped its stellar and robust infrastructure technology with tested-and-displayed expertise in data mining.

Learn more about DTX Exchange