Short history of ThunderCore, developers, team, and achievements during 2024
ThunderCore is a secure, high-performance, EVM-compatible public blockchain founded in 2017 in Silicon Valley by Chris Wang and a team of top researchers and engineers. In 2024, ThunderCore made significant strides in advancing blockchain technology, with the launch of its native token, TT, and the implementation of its innovative Proof-of-Stake (PoS) consensus mechanism called PaLa.
The ThunderCore team has been actively developing and improving the network, focusing on scalability, security, and usability. With its breakthrough consensus protocol, the ThunderCore network offers impressive performance, delivering 4,000+ TPS, sub-second confirmation times, and extremely low gas fees of less than a fraction of a dollar (<$0.00001).
Benefits of ThunderCore compared to other Layer-2 Blockchains. Major goals and successes during 2023 – 2024
One of the key advantages of ThunderCore is its focus on interoperability. The network allows for the exchange of native assets from other blockchains, such as Ethereum, BSC, and HECO, through its cross-chain mechanism called ThunderCore Bridge. This feature enables seamless integration with existing blockchain ecosystems, promoting widespread adoption and usage of the network.
In 2023-2024, ThunderCore has seen significant growth in its user base, which now spans across more than 18 countries. The network has amassed over 4 million total addresses and processed 180 million transactions, demonstrating the strong demand for its services.
Drawbacks of ThunderCore. What difficulties the blockchain is struggling with, main problems, and possible solutions
While ThunderCore has made impressive strides in scalability and performance, the network still faces challenges in terms of adoption and awareness. As a relatively new player in the blockchain space, ThunderCore needs to continue its efforts in marketing and education to attract more developers and users to its ecosystem.
Additionally, as with any blockchain network, ThunderCore must remain vigilant in addressing potential security vulnerabilities and maintaining the integrity of its consensus mechanism. The team is actively working on improving its security measures and collaborating with security experts to ensure the safety of the network and its users.
Most successful projects that were applied on ThunderCore
ThunderCore has seen a surge in the number of decentralized applications (DApps) being built on its network, particularly in the gaming and gambling categories. These DApps have been consistently dominating the category charts, showcasing the ease of scalability and the benefits of ThunderCore’s low gas fees.
Some notable projects that have found success on ThunderCore include:
– LaserSwap: A decentralized exchange (DEX) that offers fast and low-cost trading.
– ThunderCore PoS Staking: A staking platform that allows users to secure the network and earn rewards
– ThunderCore Bridge: A cross-chain mechanism that enables the exchange of native assets from other blockchains
Price Prediction for ThunderCore’s native token, TT
As of July 2024, the price of ThunderCore’s native token, TT, stands at around $0.004. Based on the network’s strong performance, growing user base, and increasing adoption, we can expect the price of TT to continue its upward trend in the coming months.
Crypto experts predict that TT could reach a price range of $0.006 to $0.008 by the end of summer 2024, representing a potential increase of 50% to 100% from its current levels. This prediction is based on the network’s real-time price data, technical indicators, and the overall sentiment in the crypto market.
It’s important to note that cryptocurrency prices can be volatile and subject to market fluctuations. While the future looks promising for ThunderCore and its native token, investors should always conduct their own research and consider their risk tolerance before making any investment decisions.
Summary
ThunderCore has emerged as a promising Layer-2 blockchain solution, offering impressive performance, low fees, and a focus on interoperability. With its growing user base, successful DApps, and the launch of its native token, TT, ThunderCore is well-positioned to continue its growth and contribute to the wider adoption of blockchain technology in the years to come.
As the network matures and attracts more developers and users, we can expect to see further advancements in its technology, ecosystem, and overall impact on the crypto space. The future looks bright for ThunderCore, and it will be exciting to see how the project evolves and shapes the future of blockchain technology.
