Blockchain technology is on the rise as it continues to attract new people. Sectors such as decentralized finance (DeFi) have grown significantly over the years. DeFi applications were previously built on a single blockchain network. This is changing as new projects add multi-chain capabilities to minimize the impact of relying on a single network. This allows projects to take advantage of the best features of various blockchains.
Logarithmic finance (LOG) Currently supported Ethereum (ETH) However, we plan to add network support such as: BNB chain (BNB), Polygon (MATIC), Avalanche (AVAX), Tezos (XTZ), and Solana (SOL).
Why Logarithmic Finance (LOG) Adds Multi-Network Support
Blockchain technology was just introduced to the world in 2008 and is still in its infancy as it officially went live in January of the following year. More and more blockchains are being created, and each new blockchain is an improvement over the previous blockchain.
By having Multi-chain support, Logarithmic finance I want to take advantage of both the old and the new. Each protocol has its own strengths. LOG does not intend to choose a winner, but it does provide a diverse user with the opportunity to choose a comfortable blockchain network.
Log Finance is a Layer III swapping protocol designed to connect innovators and investors. This is an unmanaged environment for projects to fund the blockchain protocol.
This process follows predefined procedures to benefit both investors and project innovators. The native token of LogarithmicFinance is LOG.It plays an important role as follows LOG token Holders get a discount when investing in a new project.
Project investors add project details to create a pool.This includes token names, ticker symbols, auction parameters, and LOG token holder.. The innovator then registers the pool on the selected blockchain. The next step is to connect the wallet for token transfer.
The final step is for the project innovator to pay a small percentage of the amount raised from the auction of reserved tokens. LOG token holder..
On the investor side, the process is simple. Investors identify the blockchain network they have selected to find the project they are investing in. There is a diverse pool of projects to choose from. It is the investor’s responsibility to perform due diligence on the tokens he or she wants to invest. The final step is to select a pool and specify the number of tokens to buy. Purchased tokens will be deposited in the investor’s wallet.
To achieve this, Logarithmic Finance is a cross-chain Multi-chain Ability to attract more investors and innovators to the platform.
Ethereum Is an open source decentralized smart contract platform for building and developing decentralized applications. It is currently the second largest cryptocurrency by market capitalization.
ETH Ethereum’s home currency. Due to network innovation Smart contract On the blockchain. This is a big achievement as the protocol is at the heart of some crypto innovations.
The first coin offering (ICO) boom of 2017 was catalyzed by Ethereum. With NFT DeFi He also used Ethereum to discover the success of their runaway. Despite the challenges facing, Ethereum is undergoing a major upgrade and will move to the Proof of Stakes network.
Ethereum can also host other digital assets called tokens. The blockchain network also hosts the log token as an ERC-20 utility token.
The BNB chain, formerly known as Binance SmartChain (BSC), Smart contract Platform to launch Decentralized application.. BNB chain Similar to Ethereum, And some consider them to be competitors. Logarithmic Finance adds support for the BNB chain to leverage the growing user base of the network.