Ada Meme Coin PEPU Diklaim sebagai PEPE Versi Blockchain Layer-2

Amidst the popularity of the Pepecoin (PEPE) meme token, an anonymous developer has "spawned" the Pepe Unchained token (PEPU). Unlike PEPE, the PEPU token will operate on a Layer-2 blockchain, which is technically more efficient.

What is the PEPE Token, the Inspiration for PEPU?

The PEPE token is a cryptocurrency on the Ethereum blockchain inspired by the popular internet meme, "Pepe the Frog." Launched anonymously in 2023, it serves as a digital currency in an ecosystem related to the meme, allowing users to make transactions, trade, and engage in other activities on blockchain-based platforms that support PEPE. Like other cryptocurrencies, the PEPE token can be traded on various exchanges and used in decentralized finance (DeFi) applications.

"Pepe the Frog" itself is a cartoon character created by Matt Furie. Pepe first appeared in the Boy's Club comic published in 2005. It later gained immense popularity as an internet meme, often used in various contexts on social media, ranging from social and political commentary to humorous jokes.

Despite being relatively new, the PEPE token has gained significant popularity. This is evident from its market capitalization, which consistently ranks among the top 30 cryptocurrencies on Coinmarketcap and currently sits at number 3 in the meme coin sector, just behind Dogecoin (DOGE) and Shiba Inu (SHIB). As of Tuesday, July 30, 2024, its market cap reached $4.9 billion. While this is significantly lower than SHIB's $9.8 billion, PEPE has recorded a notable return of 700% over the past year.

What is PEPU that Utilizes Layer-2 Blockchain?

The popularity of PEPE has prompted another ambitious cryptocurrency project in the meme coin sector. While many projects offer the issuance of standard tokens on popular blockchains, Pepe Unchained (PEPU) takes a different approach.

The anonymous developer of PEPU envisions the project as "liberating PEPE" from its "chains." These chains refer to the Proof-of-Stake (PoS) based Ethereum 2.0 blockchain, where the PEPE token currently resides, which is described as inefficient in terms of time and cost.

In contrast, PEPU will use its own Layer-2 blockchain, according to its official website, while still maintaining a connection to the Ethereum mainnet.

Layer-2 Blockchain: Technical Benefits

Layer-2 blockchains are technically and practically known for more efficient transaction handling compared to standard blockchains.

They offer several key benefits. First, they improve scalability by enabling more transactions per second, thus reducing network congestion. Additionally, they reduce transaction fees since a significant portion of transactions are processed off the main blockchain.

Transaction speed is also enhanced as transactions processed through Layer-2 blockchains can be settled much faster without waiting for confirmation on the main blockchain. The reduced load on the main blockchain maintains the network's performance and stability.

Layer-2 blockchains can also enhance privacy, as some of their solutions allow for transactions to occur off-chain. This can provide a higher level of privacy compared to on-chain transactions.

Moreover, Layer-2 blockchains facilitate the development of more complex and interactive decentralized applications (dApps).

Finally, by addressing scalability and high cost issues, Layer-2 blockchains support the mass adoption of blockchain technology, making it easier for new users to engage with and utilize the technology.

Layer-2 Blockchain: Concept and Function

Layer-2 blockchains refer to solutions built on top of primary blockchains (Layer-1) with the objective of enhancing transaction scalability and efficiency. They are designed to address some of the limitations inherent in Layer-1 blockchains, such as slower transaction speeds and higher fees.

By using Layer-2 blockchains, certain processes or transactions can be executed off the main chain and later synchronized with the main chain. This allows for faster transaction processing and lower costs, since not all data needs to be written directly to the main blockchain.

Examples of Layer-2 blockchains include technologies like state channels, sidechains, and rollups. State channels allow transactions to take place off-chain and then settle the results on the main chain.

Sidechains, on the other hand, are separate blockchains linked to the main chain, enabling transactions to be processed on the sidechain and reconciled with the main chain.

Rollups bundle multiple transactions into one, reducing the data load on the main chain.

Layer-2 blockchains are an essential approach to increasing the efficiency and capacity of blockchains in the face of ever-growing demand.

PEPU Still in Presale Stage

Despite the promising proposition and the introduction of Layer-2 blockchain, PEPU remains in its presale phase, with the mainnet blockchain launch still pending.

According to its official website, the blockchain mainnet will be launched shortly after the presale, which has currently raised $6.3 million out of a target of $6.4 million. The presale is scheduled to end in less than 24 hours.