Why is #fogo revolutionizing financial transactions? Because it uses zonal validators that ensure transactions are validated locally, reducing the time, which allows it to validate large amounts of transactions quickly. To guarantee the security and integrity of the transactions, the validators are random. It also makes the production cost of the token $FOGO low and the fees to the validators more attractive.
FOGO the blockchain that came to revolutionize. In a previous post I explained how #fogo was implemented on the Solana Virtual Machine but being layer 1 it was independent of $SOL and it had its own token $FOGO for GAS payments. Now I would like to share other benefits of FOGO which include extremely high speeds for high-frequency trading. FOGO is designed precisely to eliminate the difficulties faced by demanding financial applications, as it integrates price feeds natively and ensures that orders are executed on-chain accurately and instantly. This could revolutionize the future of real-world asset settlements.
Do you know FOGO? If you don't know it yet, let me briefly explain what it is. #Fogo is a layer 1 blockchain, built on the Solana Virtual Machine or SVM, which is its acronym in English. What does this mean? It means that the creators did not have to build the infrastructure or foundations from scratch and relied on the SVM, which is known for its ability to "parallelize" (process many tasks at the same time). This makes it quite fast. Note that being layer 1, this new network does not depend on the main Solana network: It has its own validators and its own security. It is sovereign: If the Solana network stops or congests, this new Layer 1 continues to function perfectly. It uses its own token: $FOGO . It does not need $SOL to pay the fees; it uses its own native currency. And the advantage is Speed; It allows the new Layer 1 to be born as one of the fastest in the world without having to invent the technology from scratch. I invite you to learn more at #BinanceAcademy or stay tuned for upcoming publications where I will continue talking about FOGO.
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🚀 TrendCoin Listing Coming Soon – 🎁 USDT Reward Campaign How to join 💰: 1️⃣ Follow our account 2️⃣ Like & repost this post 3️⃣ Comment with your Binance ID
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Thank You Each and Everyone who is a part of my Journey 🎉 🎉 🎉
Today Is A Double Celebration for me. Not only am I grateful to complete 20,000 followers on Binance Square, but it’s also my Birthday 🎂.
This journey has been possible because of your constant support, trust, and engagement. Each like, comment, and interaction has motivated me to keep moving forward and share valuable insights with this amazing community.
Thank you for being part of this milestone. Here’s to more growth, learning, and success ahead 🚀
And on this special day, I look forward to your blessings and good wishes 🥰❤️
ZKC Boundless: Blockchain, But Without the Traffic Jam! 🌍
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