Despite the recent crypto bear market, people are still trying to find different ways to diversify their portfolios. With the market so oversaturated, it can be difficult to decide where to invest your hard-earned money. Cryptocurrencies have greatly increased in their brand image due to the popularization of mascots and functional capabilities enabled by blockchain technology.
Ethereum (ETH) and Solana (SOL) are two blockchain networks that have maintained strong reputations for their market capitalization – both well known for having distinct functions. However, there is one upcoming crypto project that has been discussed among enthusiasts, and that is Mehracki (MKI). But does this new crypto have the ability to reach similar heights to Solana and Ethereum?
Mehracki (MKI) – A New Take on Meme Coins
One of the main reasons why Mehracki (MKI) has been the subject of much discussion among crypto enthusiasts is due to its real-world capabilities. Its name derives from the Greek word “Meraki”, a term used to describe doing something with a sense of creativity and love. Their inclusion of the letters ‘h’ and ‘r’ in Mehracki was done to distinguish themselves from the original word.
The next crypto project describes itself as a community meme token to create a system where active MKI holders can be responsible for steering the platform. This allows users to submit proposals for changes in operation and to vote on decisions to be made on Mehracki.
Mehracki runs under the Solana ecosystem – having a unique utility model that enables authentication of transactions in the ecosystem. MKI is a token that also serves as a unit value exchange between hospitality businesses and customers.
With the network focusing on the tourism and hospitality industries, it provides users with a much more luxurious experience. According to an article published by U Today, these companies will contribute to the horizontal development of the token.
Ethereum (ETH) – The number two in crypto
Ethereum (ETH) is known to be the second most popular and successful cryptocurrency after Bitcoin. Its inception was in 2015, founded by eight people – an unusually high number for a crypto project.
The veteran network is primarily responsible for pioneering the consensus of smart contracts in blockchain technology. Smart contracts are best described as computer programs that automatically perform the actions necessary to fulfill an agreement between multiple parties.
Its creation was intended to reduce the need for the intervention of an intermediary for entrepreneurs, to reduce transaction costs while increasing reliability. In 2022, Ethereum announced plans to move from a proof-of-work consensus to a proof-of-stake algorithm, to improve scalability and sustainability.
This transition will be known as Ethereum 2.0 and is expected to come to fruition in August 2022. Its constant adaptation and development of blockchain technology makes Ethereum (ETH) one of the most dominant cryptocurrencies in the metaverse, and she shows no signs of slowing down.
Solana (SOL) – The Ethereum Alternative
Solana (SOL) is a highly functional open-source cryptonet that leverages the permissionless nature of blockchain technology to provide decentralized financial solutions. Unlike the majority of cryptocurrencies, Solana is powered by its own blockchain.
It has developed the nickname “Ethereum Killer” by crypto experts due to its fast transaction speed, with its ability to perform 65,000 transactions per second. One of its most important features is its proof-of-history consensus, which allows great scalability of the protocol. This consensus is responsible for improving usability.
Since Mehracki (MKI) is built on the Solana (SOL) blockchain network, it can help grow the next meme coin while strengthening Solana’s establishment.
More information about Mehracki (MKI):
Website: https://mehracki.io/information
Presale: https://buy.mehracki.io/register