The blockchain space is clouded by many weaknesses, all causing a significant decline in service efficiency. From extreme gas charges in networks like Ethereum and Bitcoin to slow transaction speeds and low scalability in the same chains, blockchains, and their users have been suffering. Furthermore, ever since the early days of blockchain, there have been increasing complaints of a lack of energy efficiency. However, several blockchain solutions designed to address major security issues have emerged more recently. One such blockchain network is Vanar Chain.
What is Vanar Chain?
Vanar is generally defined as a Layer 1 blockchain platform designed to bring the Web3 landscape to billions of consumers globally. In other words, Vanar is a decentralized ledger and ecosystem designed to foster proper real-world adoption of blockchain technology.
The primary goal of this network is to bring real-world adoption into various sectors, including entertainment, gaming, and brand solutions. This ecosystem’s endgame is to bring blockchain tech’s real utility into everyone’s daily lives.
Features of Vanar Chain
To achieve its goal of widespread adoption of blockchain technology, The Vanar blockchain comes with the following primary features:
Fixed, low fee
The first and most critical feature of the Vanar Chain is its low fees. The high fee dilemma is one vastly affecting the realm of blockchain technology. Bitcoin and Ethereum, the largest blockchain networks today, are often criticized for their insane transaction charges.
Vanar blockchain redefines everything. The costs associated with transactions in the Vanar blockchain are capped at $0.0005 for every transaction. For all transactions you make, however big or small, Vanar will charge you $0.0005. This is a good development, especially for developers of decentralized applications. They enjoy a cost-effective solution for all their customers.
Fast
Speed is among the three challenges that developers in the blockchain space face every other day. Traditional financial systems are slow, and accessing loans or completing transactions demands lots of paperwork.
Imagine blockchain-based activities that demand instantaneous interactions and transactions. Traditional and slow blockchains create many inefficiencies within trades. Vanar Chain brings exceptional speeds, which help ensure that all transactions within the network are processed in real-time.
Strong Scalability
The Vanar blockchain is built to address another critical dilemma in the cryptocurrency landscape: scalability. Most modern blockchain networks cannot handle high volumes of transactions and expand with the growing crypto landscape.
Vanar Chain, however, is designed to handle substantial increases in project demand. This blockchain network is a great platform for large-scale mainstream adoption in various industries, including gaming. Since the network can process thousands of transactions every second, it provides a smooth user experience.
Energy efficient
The mission of the Vanar Web 3 blockchain is to improve energy efficiency. Vanar Chain developers believe blockchain technology must focus on being environmentally friendly or sustainable. While achieving a positive environmental impact, Vanar Chain still aims to retain the transformative powers of blockchain technology.
$VANRY Coin – Powering the Vanar Blockchain
Within the Vanar blockchain ecosystem is the native token $VANRY, which was created to power the entire network. This native token has many use cases within the blockchain space. Among the uses include:
- Payments — The Vanry token is used primarily to help facilitate payments within the Var Chain and ecosystem.
- Gaming and metaverse — Vanar Chain intends to provide a home for gaming and metaverse projects. It already powers platforms like Virtua Metaverse and VGN games. The VANRY token also enables payments and other activities in the game and metaverse.
- Smart contract operations — For transactions associated with smart contracts and dApps based on the Vanar Chain, VANRY tokens are the primary currencies. They enable transactions, making it easy to interact with the decentralized ledger.
- Staking — The Vanar ecosystem will be implementing multiple features, including staking. This will allow the network’s users to actively participate in securing the network through validation and earn rewards.
How to Buy VANRY Coin?
The large number of use cases of the Vanar Chain and VANRY coins has increased demand for this token. This demand and use cases make investors seek opportunities to buy this token. Many believe its wide number of use cases will cause a sudden surge in the price of this token. However, many still are unsure of how to get the Vanar Tokens.
In this section, we will discuss the critical steps involved in buying the VANAR coin. The steps include:
- Select a reliable and highly reputable crypto exchange network. Many large and small exchanges can already support VANRY trading, including KuCoin, Binance, Bybit, MEXC, and Gate.io.
- Create an Account: Register an account through the web or mobile app after selecting an exchange network for your activities. You may also need to verify your identity and fund your account
- The third step in your trading process is selecting the right VANRY Trading Pair. The exchange highlighted earlier provides a range of trading pairs, the most common being VANRY/USDT.
- Make an order once you spot the VANRY market you aim to work with. You, however, need to be very aware of the prices and fees associated with purchasing the tokens. After buying the VANRY tokens, you must find a good spot to store them, far away from exchange wallets.
Final Word
Our guide took a keen dive into the world of Vanar Chain, a novel product providing a good range of features, including lightning-fast speeds, top scalability, energy efficiency, and low fees. Vanar Chain offers not just low transaction costs but also fixed costs for every transaction. Native in the Vanar ecosystem is the VANRY coin, a token predicted to surge vastly in the future due to its wide range of utilities.
