The best blockchains for small businesses today. October 24, 2023.

By coinBusiness | coinBusiness | 24 Oct 2023


 

So, based on the characteristics required for small businesses, the best blockchains today are Solana, Binance Smart Chain, Polygon Matic, and Ethereum.

The most popular and largest stablecoins, whose value is pegged to the US dollar, are USDT, USDC, and DAI. At any time, they can be easily exchanged for fiat currencies of most countries. These currencies are controlled by the companies that issued them, namely Tether, Circle, and Maker DAO. The first two companies can easily freeze any wallet holding USDT and USDC upon regulators' command.

All of them are well-suited for free ethical entrepreneurial activities, online sales, and services without banking bureaucracy and the use of personal data. Links to their official company websites are provided at the end of this article.

To work with stable digital currencies (stablecoins), such as USDT, USDC, and DAI, the aforementioned blockchains are required. Solana comes first in this list because, besides being listed on the Tether website, it has the fastest transaction speed among other blockchains, and the transaction fees (Gas) are lower. The average cost for one transaction is $0.00025.

Next in line are Binance Smart Chain and Polygon Matic, in which stablecoins USDT, USDC, and DAI also operate.

At the end of our list is the Ethereum blockchain, as it has higher transaction fees, averaging $0.53.

To pay for transactions, cryptocurrencies from these blockchains are used, and they are easily accessible for purchase.  

Other blockchains did not make it to our list for two reasons: either they lack sufficient volumes of stablecoins or, at the time of this article's release, they had high transaction fees, exceeding $1.

Many wallets have been created and are successfully operating to comfortably store, receive, and make payments with stable digital currencies on various platforms. These wallets are available on PC, web, browsers, and mobile devices. It is advisable to use only those wallets recommended on the official website of a particular blockchain to avoid the risk of your funds falling into the hands of scammers. Remember that users themselves are responsible for their money.

If you accept the presented stablecoins here and align with the values of cB, join us to collectively represent the interests of ethical businesses and engage in dialogues with major players and organizations.

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Links to sources.

Site Tether stablecoin. Tether.to  

Site Circle stablecoin. www.circle.com

Site Dai stablecoin. Makerdao.com

Site Solana blockchain: Solana.com

Site BSC blockchain : www.bnbchain.org

Site Polygon blockchain: Polygon.technology

Site Ethereum blockchain: Ethereum.org

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coinBusiness
coinBusiness

coinBusiness is an international non-profit company for the development of private small businesses with social responsibility. https://l.ead.me/coinBusiness


coinBusiness
coinBusiness

coinBusiness is an international non-profit company for the development of private small businesses with social responsibility and environmental conservation.

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