There has been much talk in the crypto-sphere of the Primal Network. The Primal Network launched on March 3rd, aiming to take crypto trading technology to the next level. For the launch of the network, an existing exchange, Latoken, enthusiastically participated. The Initial Exchange Offering (IEO) of Primal Network was listed on the exchange on launch day.
But what exactly is Primal Network and what makes it stand apart from other crypto offerings? Primal Network is seen by many as the ultimate blockchain evolution, offering much of what the other major networks do, only all under a single umbrella. Primal Network has significantly lower transaction fees than the competition, it is also community-backed, hyper scalable, and has lightning-fast transaction speeds. Plus, it’s designed to be plug-and-play compatible with other blockchains, making it by far the most versatile network operating today.
According to the creators, Primal Network is designed to be far more than just a trading marketplace. The entire system is peer to peer, meaning that it truly is decentralised. Peer to peer means that users communicate directly with one another, with the network simply acting as a facilitation mechanism.
Traders can use the network to interact with one another, transact in a safe and secure environment, manage all aspects of finances, and even manage their personal lifestyles. To look at it another way, Primal Network has a built-in hub for borderless communication, allowing traders around the world to come together in a single online location. This is the first blockchain to put an emphasis on bringing the community together, a feature that creators hope will make the network stand apart.
Additionally, Primal Network has been designed with the future in mind. The blockchain has room for limitless growth and engagement traffic, meaning that no matter how fast the network expands there is never any real risk of downtime. Needless to say, some other major blockchains are already struggling with how to increase their bandwidth capabilities.
With all of this in mind, it isn’t surprising that many are declaring that Primal Network is where all blockchains are headed. The difference is that, in this case, Primal managed to get there well in advance.
But every new Network must start somewhere, and that’s where the Latoken Exchange came in. The IEO of Primal Network was offered through the exchange, allowing the public to invest in the possible future of blockchain and the crypto market. Those interested were able to invest in Primal Network, potentially putting themselves in a strong position. Depending on how well Primal Network does, those that bought in early may just have a goldmine on their hands.
It has been said that Primal Network’s IEO uptake was successful, though it remains to be seen how quickly the blockchain will be adopted. Hopes are that even if Primal isn’t an immediate success, it will at least lead the way for future blockchain innovation.