Dive into the ThunderCore blockchain, a hidden gem waiting to make a splash
Here’s all you need to know about the ThunderCore blockchain, a fast, futureproof, and flexible blockchain ecosystem. Conjured up in 2017 in Silicon Valley, the blockchain has come on leaps and bounds in terms of its user base, dapps, and network reach. Its technical capabilities dwarf some of the top ten blockchains including Bitcoin and Ethereum. Nonetheless, the blockchain has only just started warming up.
ThunderCore has more monthly active users than most blockchain ecosystems with over 500,000 combined monthly active users. This means that ThunderCore has more unique active wallets (UAW) than for example Tron, Tezos, Waves and Harmony. At the same time its native token, the Thunder Token, has barely broken a sweat.
ThunderCore is a secure, high-performance, EVM-compatible public blockchain. Powered by its native currency, Thunder Token, the ThunderCore story began in 2017. ThunderCore’s protocol overcomes the scalability trilemma, that of speed, decentralization, and security. While you’ve probably heard of Polygon, Avalanche, Binance Smart Chain, and Horizen, ThunderCore is lesser-known, while its stats are off the chain.
Check this. The ThunderCore network offers 4,000+ transactions per second, sub-second block confirmation times, and low gas fees. At less than a fraction of a dollar (<$0.00001), decentralized applications can take advantage of stellar security and scalability. ThunderCore manages this blockchain breakthrough by implementing a proof-of-stake consensus mechanism called PaLa. Currently, its network has accrued more than 275 million transactions and 4.9 million unique addresses.
ThunderCore and lightning speeds
Following a convincing start, in 2021, the blockchain shifted gears. From exchange listings to NFT partnerships to hosting over 50 top dapps, the blockchain is popping up on the industry’s radar. ThunderCore now draws comparisons with big-name blockchains as the blockchain’s block height has now surpassed that of Ethereum, Polygon and Ethereum.
At the World’s Dapp Store, DappRadar has tracked the rise of the ThunderCore dapp ecosystem. Initially dominating the gaming and gambling category charts week on week, the blockchain is now beginning to flex its scaling muscles.
The top ThunderCore dapps boast thousands of users, with the dapp TT Mining welcoming a whopping 20,000 daily users. It’s a testament to the progress and speed at which the blockchain is gaining traction and recognition.
Now listed on Uniswap, PancakeSwap, Upbit, Gate.io and Huobi; the native Thunder Token (TT) is up 150% this year. TT peaked at $0.03 per token at the zenith of retail FOMO in May, before hovering at the $0.01 range since the summer. ThunderCore has a larger ecosystem and more monthly active users than NEAR, Harmony and Waves, while TT trades at a fraction of its competitor’s price. This adds lots of upside and potential for value increase. Maybe even a 1000x, who knows?
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ThunderCore blockchain usage
When it comes to the number of users, an essential metric to determine adoption, ThunderCore stands out. The mobile game Galaxy Blocks attracts 46,000 UAW. In addition the game Jelly Squish has 15,000 users, while DeFi service Zippy serves 13,000 UAW. Combined, ThunderCore attracts roughly 92,000 unique active wallets per day. Based on this metric it outperforms other blockchains easily, yet the market cap of the native TT token is only $84 million.
Setting the market cap of the native against the number of users, estimates the value contribution of each user at $913. This considerably lower than the values measured on Tron, Harmony and Waves. This would mean that either those under projects are overpriced, or ThunderCore is underappreciated.
Progress to the Core
Indeed, for 2022, the Iris Hard Fork will bolster ThunderCore’s compatibility credentials. This appropriately named major network upgrade looks to unite the latest EVM Istanbul features from the Ethereum blockchain with ThunderCore.
Essentially, the fork makes it easier to port Solidity projects (Ethereum’s programming language) into the ThunderCore ecosystem. The hard fork will further ThunderCore’s quest to become one of the fastest, most secure, EVM-compatible, cross-chain ready, and developer-friendly public blockchains in the industry.
Furthermore, the dev team has scheduled DeFi developments as well as a bridge. The former refers to an aggregated ecosystem platform for DeFi users to explore; the latter supports multi-chain token issuance. Basically, developers will be able to issue tokens simultaneously on TT, ETH, and BSC ecosystems. In light of 2021’s robust DeFi activity, it’s not the worst direction the dev team could take.
ThunderCore development incentives
Elsewhere, for those hungry to build, to learn, and contribute to ThunderCore, a handsome $10 million incentive is up for grabs. The $10 million “growth fund” is strictly aimed at incentivizing and supporting developers keen to build on ThunderCore.
In a nutshell, if you have a blockchain-based idea, it could be a DEX, stablecoin or even a DeFi meme marketplace, then you probably need funding. ThunderCore helps you out by evaluating your idea and if successful, handing out a share of the 10 million bucks. To find out more about how to apply, check here. Given that ThunderCore already has an international user base that spans more than 18 countries, it’s worth getting in your application early.
In all, ThunderCore is one to keep an eye on in 2022, while its token should be on the watchlist of streetwise investors’ portfolios. Here at the World’s Dapp Store, we’ll continue to track the ebb and flow of the ThunderCore blockchain, from dapp rankings to developments. But if you’d rather go to the ThunderCore of the matter, then join their social channels: Twitter, Discord, Medium, Youtube.
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