ETH AND TRON TO WAR - TETHER LAUNCHING ITS OWN CHAIN
Tether has launched Stable, a new Layer 1 blockchain optimized for transactions $USDT , addressing issues such as high fees and slow payment times on current networks.
Stable uses #USDT as the native gas token and is EVM compatible to simplify payments and dApp development.
Having characteristics similar to a sidechain, Stable is capable of cross-chain interaction through USDT0 technology and LayerZero, positioning #Stable to compete with projects like Plasma.
Stable employs a consensus mechanism called StableBFT (with block times under one second) and focuses on optimizing transaction execution.
*Mentioned for its superior features for stablecoins, but lacking clarity on the consensus mechanism, raising reasonable concerns about decentralization.
- This chain uses $USDT as the gas fee, and there are no plans for launching a separate token for the chain.
- I still have many questions about the decentralization and functioning of this chain, but it is clear that the launch of the chain will threaten the market share of existing chains.
