VARA - Reversal Incoming?
Today we are looking at VARA!
As of right now VARA has bounced from the 0.06 level strongly and volume has increased a lot since.
I have personally taken an entry at the current price at the time of posting and will be looking forward to it reaching the 0.12 area and possibly going for that last high it had and maybe even surpassing it.
Project Info:
Vara Network is a decentralized network built on top of the Gear Protocol, a next-generation cloud infrastructure platform. It aims to address some of the key challenges facing blockchain technology, such as scalability, security, and decentralization.
Here are some of the key features of Vara Network:
Scalability: Vara Network uses a sharded architecture, which means that the network is divided into multiple partitions, or shards. This allows the network to process more transactions per second than other blockchains.
Security: Vara Network uses a Delegated Proof-of-Stake (DPoS) consensus mechanism, which is considered to be more secure than Proof-of-Work (PoW) consensus mechanisms.
Decentralization: Vara Network is a permissionless network, which means that anyone can join and participate in the network.
Vara Network is still under development, but it has the potential to be a major player in the blockchain space. It is particularly well-suited for gaming applications, as its scalability and low transaction fees make it ideal for processing large numbers of microtransactions.
I also want to add that VARA was first offered on Coinbase which as we all know is an exchange that not any project can get listed easily at such as other exchanges like MEXC or Kucoin.
DYOR, NFA.
Feel free to share your thoughts on VARA and share any charts you might have as well!
As of right now VARA has bounced from the 0.06 level strongly and volume has increased a lot since.
I have personally taken an entry at the current price at the time of posting and will be looking forward to it reaching the 0.12 area and possibly going for that last high it had and maybe even surpassing it.
Project Info:
Vara Network is a decentralized network built on top of the Gear Protocol, a next-generation cloud infrastructure platform. It aims to address some of the key challenges facing blockchain technology, such as scalability, security, and decentralization.
Here are some of the key features of Vara Network:
Scalability: Vara Network uses a sharded architecture, which means that the network is divided into multiple partitions, or shards. This allows the network to process more transactions per second than other blockchains.
Security: Vara Network uses a Delegated Proof-of-Stake (DPoS) consensus mechanism, which is considered to be more secure than Proof-of-Work (PoW) consensus mechanisms.
Decentralization: Vara Network is a permissionless network, which means that anyone can join and participate in the network.
Vara Network is still under development, but it has the potential to be a major player in the blockchain space. It is particularly well-suited for gaming applications, as its scalability and low transaction fees make it ideal for processing large numbers of microtransactions.
I also want to add that VARA was first offered on Coinbase which as we all know is an exchange that not any project can get listed easily at such as other exchanges like MEXC or Kucoin.
DYOR, NFA.
Feel free to share your thoughts on VARA and share any charts you might have as well!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.