(ProNewsReport Editorial):- Lemon Grove, California Nov 10, 2021 (Issuewire.com) – Elon’s Marvin ($MARVIN), the Binance Smart Chain-based coin named after Elon Musk’s actual Havanese dog, Marvin, is partnering with Moontography developers and expanding to the Ethereum Blockchain.
Elon’s Marvin is one of the newest meme coins, think the Shiba Inu token, but with a more stable tokenomics system. Founded on October 11, this puppy-inspired project has taken the crypto world by storm with a set of practical built-in utilities. Practical utilities that most other meme coins lack altogether.
Partnership with Moontography
Elon’s Marvin’s partnership with Moontography adds a suite of apps that offer decentralized solutions to problems in and outside crypto. This will effectively enhance the functionality of $MARVIN, providing more utility and many more possibilities. Moontography’s cross-chain compatibility bridging will also help provide a smooth porting process for Elon’s Marvin from Binance Smart Chain to the Ethereum Network.
Moontography is backed by a team of industry specialists with B2B (Business to Business) and SaaS (Software as a Service) experience. They have mastered the intricacies of scaling ideas until they are capable of solving real-world problems. The Moontography architecture guarantees future-proofing because its smart contracts are designed to accommodate a wide variety of possibilities.
Why Porting to the Ethereum Network is great for $MARVIN
Despite the benefits of the Binance Smart Chain network, it still has one major issue – Centralization. Binance Smart Chain is still seen as a less solid option compared to Ethereum. As things stand, the Binance Smart Chain is a much smaller network compared to Ethereum. It’s also controlled by the Binance foundation, meaning it isn’t a truly decentralized solution.
The lack of decentralization in the Binance Smart Chain network and its low number of validators makes the network extremely vulnerable to external manipulation. The network has also raised a few concerns about trust as a lot of people still believe that Binance Smart Chain validators have some sort of connection to the Binance platform.
The Ethereum Blockchain network, on the other hand, has none of these concerns. Since it was launched in 2015 as an upgrade to the Bitcoin blockchain technology, it has remained a decentralized system. This decentralized architecture guarantees that the network’s security is never jeopardized.
While the massive fees act as a deterrent for many, the Ethereum team is working to upgrade the infrastructure to negate these. Along with that, it’s migrating to a Proof of Stake protocol which is much more eco-friendly and sustainable. It also offers many advantages over the Proof of Work concept, including better scalability and high transactions per second.
Ethereum offers plenty of advantages to the projects that call it home. As the largest blockchain in existence, Ethereum offers a massive market and userbase. So porting to the blockchain will expose $MARVIN to a much larger population of potential holders.
Some of the most exciting benefits Elon’s Marvin ($MARVIN) will get from porting to the Ethereum network include:
- Faster Globalized Transactions
- Improved Token Liquidity
- Becoming more user-friendly
- Reducing the chances of contract breaking
- More efficient Transaction Confirmations
- What’s more, while Ethereum’s current Proof of Work (PoW) consensus process is identical to Bitcoin’s, the soon-to-be-developed Ethereum 2.0 will employ a Proof of Stake (PoS) mechanism that matches Binance Smart Chain’s Proof of Staked Authority (PoSA), this will help improve the scalability of Elon’s Marvin
In conclusion, the collaboration between Elon’s Marvin and Moontography is great news for the project. With the help of Moontography’s cross-chain compatibility bridging, Elon’s Marvin ($MARVIN) can port to a better-suited network, the Etherum Blockchain – and start taking advantage of the many benefits it offers.
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