Why could Baccarat become a new hot trend in the post-DeFi era?

NGK.IO
2 min readJan 4, 2021

The post-DeFi era has arrived after various currencies experienced ups and downs. So, which project in the current DeFi market is more favored by market ecology builders? There is no doubt that Baccarat will become the most promising DeFi project.

Baccarat uses a unique consensus algorithm DPOSS, which combines the advantages of POS and POW, and innovates in the DPOS mechanism. Under the premise of ensuring the security of the consensus algorithm, it does not need to consume energy. This greatly reduces the procedures for ecological builders and participation costs.

Baccarat coins

Secondly, Ethereum-based DeFi projects also have drawbacks in terms of transaction efficiency. The storage capacity is small, which can easily cause network stalls and cannot support large-scale transactions. Baccarat also uses distributed storage technology while using graphene technology. While expanding the capacity, the transaction speed is improved, and the network can be kept unimpeded while supporting large-scale transactions.

Third, in terms of risk control, most of the Ethereum-based DeFi projects are held by large investors. This can absorb a large amount of funds to increase the price of the token. But this can easily lead to the project’s excessive reliance on large users. If large users collectively sell tokens, then tokens will inevitably fall sharply. In other words, all DeFi projects based on Ethereum are facing selling pressure. At present, the rate of Baccarat’s release of BGV has slowed down and the release cycle has been extended. In this way, excessive concentration of BGV can be avoided, and at the same time the problem of selling pressure to be faced is avoided. While increasing the continuity of tokens, it also guarantees the rights and interests of all ecological builders on Baccarat. Every ecological builder can hold BGV for a long time.

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Baccarat is compatible with the functions of other DeFi projects. It has different advantages, which makes it more popular with ecological builders, thus becoming a hot new trend in the post-DeFi era.

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