The leading altcoin, Ethereum, suffered back-to-back technical issues within 24 hours. The first one occurred on May 11, followed by another one to stop finalizing blocks on May 12. It directly affected the entire crypto market, ETH-dependent, particularly NFT marketplaces.
Technical experts reminded concerned communities about the blockchain’s limitations, including the lack of changes. Also, they pointed to the increased vulnerability of cryptos due to over-dependency on ETH. Perhaps, Uwerx is a better investment option with top-class security.
Ethereum Technical Issue: A Bug Attack and Necessity Changes
The Ethereum Beacon chain failed to finalize the transaction for nearly an hour without any reason. It immediately sparked concerns among investors, analysts, and clients. Block’s research director, Steven Zheng, mentioned the possibility of a bug in the stacking system.
The Ethereum Foundation denoted the unfinalized blocks as a cause of dropping or re-ordering of pending network transactions. An ETH staker claimed to identify a production incident of simultaneous rebooting of all four CL+EL deployment sets, leading to the issue.
The first technical issue on May 11 featured the same problem and halted finalization for 25 mins. Several ETH-backed services had to pause operations temporarily to investigate the incident. Superphiz.eth, a self-proclaimed ETH community, even expects a third one.
The questions related to ETH’s stability and security remain at stake, which may stain its credibility. A network’s reliability is crucial to attracting capital and growth users. Some analysts have raised voices to implement necessary changes with time to keep ETH secure.
Uwerx (WERX): Trusted and Secure Blockchain Freelancing Platform
Uwerx is a newcomer in the freelancing platform market with some groundbreaking features. And users don’t have to worry about the overall security of their system. InterFi Network and SolidProof successfully audit the entire blockchain-backed platform.
This first-of-its-kind platform is on the verge of revolutionizing the freelance industry, offering superior benefits to freelancers and clients alike. Advanced built-in features like incentivization and gamification will keep the freelancers motivated and optimistic.
It also comes with a native token, WERX, to back all the digital assets and money within the platform. Freelancers can take payments in the token from their respective hubs. This will likely open the gateway to collaboration between parties involved in crypto businesses.
The lucrative features with favorable fees (1% transaction cost) have already gained noticeable attention, skyrocketing the ongoing presales. Uwerx is now at the fourth stage of WERX presales, completing the first stage in 17 days and the second in 8 days.
No wonder why Uwerx reached the milestone of having over 5000 signups within a short time. Also, the official Telegram page has over 1000 followers with considerable Twitter followings.
Uwerx also initiated a team lock token program to lock up the liquid assets for 25 years, as it’ll help the users to enjoy secure and safe implementation. The team lock will take place before the presales end. It’s important to mention that the presales will close on July 31, 2023.
Get Ready to Multiply Investments with WERX Presales
Uwerx is set to release the Alpha version with the landing page and signup/login pages on Friday (May 19, 2023). After reviewing the feedback on released ones, the team plans to release updated versions with other features and webpages sequentially.
A recent Twitter poll revealed 98.2% of votes on conducting a Test Airdrop to all WERX holders. Another poll indicated 82.8% of votes to lock the tokens right away. The Uwerx team took both polls into account to conduct the Test Airdrop and announce the Team Lock token soon.
CoinSniper already listed WERX, whereas Uniswap will adopt the token by August 01, 2023. The launching of WERX on centralized exchanges is also underway. It’ll follow contract ownership renouncement to ensure transparent trades without tax issues.
The team also plans to change the five token allocations to cope with the increased demands:
- Presale: An increase to 57% from 45% to renew confidence.
- Founding Team: A reduction to 7% from 8% to prioritize user benefits.
- Partnership incentives: A reduction to 3% from 7.5% after reviewing new information.
- User performance incentives: A decrease to 6.5% from 15%.
- Joining incentives: An increase to 6.5% from 4.5% to attract more users.
The recently-increased value will cost $0.0225 per token, featuring a 20% bonus for new customers. Experts predict the token to reach as much as $3.00 by the end of Q3 of 2023. So, building a fortune yourself may not seem very far with Uwerx presales.
Click one of the following links to join the presales –
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
