These cryptocurrency projects are worth knowing
Cryptocurrency is the most trending topic all across the globe. Most of the investors of today feel that cryptocurrency is the best option to invest upon in the long run. Those who know how to ride the waves of the volatile crypto market and perform short trades making huge money too. The long term is where the big gains are if you have the time and the patience. Cryptocurrency projects can also inspire us and can improve lives in the future. Let’s see the top cryptocurrency projects that you need to know about and explore.
Polygon (MATIC)
The Ethereum blockchain has its own limitations such as increased fees and low transaction number that is allowed per second. In order to rectify these major challenges, the crypto project Polygon was founded in 2017 by Indian software engineers which is meant to become the Internet of Blockchains for Ethereum scaling the blockchain’s capabilities and linking it to other compatible blockchains. This is one of the top cryptocurrency projects to know about.
Solana (SOL)
Solana was founded in 2018 which is a fast and scalable blockchain allowing the building of DApps, smart contracts, and tokens. Solana can process about fifty thousand transactions every second, which is the fastest as of now. It is a cryptocurrency that has a speed and low latency that can make it useful in cases in which ETH would become useless.
Chainlink (LINK)
Chainlink was launched in 2017 and allows smart contracts to communicate to real-world applications such as medicine, bank payments, insurance, and other services through its network. This cryptocurrency can solve the problems of using blockchains and smart contracts which are decentralized with real-world data, which is centralized by creating a bridge between them.
Ampleforth (AMPL)
Ampleforth is a unique cryptocurrency that its coin supply is volatile each new day. It changes the supply of coins adjusting to the demand, the circulating supply of coins being adjusted algorithmically. For fiat money, moremoney, more bills need to be printed when the demand is too high. Taking a loan in AMPL is made using stable contacts.
Vechain (VET)
Vechain was founded in 2015 and it’s a blockchain project which is meant to trade and supply better by providing a unique digital identity to all the products in the supply chain. It can allow us to identify products and see if they are fake or not.
Polkadot (DOT)
Polkadot is a project founded in 2016 and it is one of the initial co-founders of Ethereum who launched it to solve the common blockchain issues. They can communicate with each other to form a network. It is a kind of multichain that allows the multiplication of the possible number of transactions.
Theta Network (THETA)
Theta was founded in 2018 which has a potential to be the next streaming and video solution after Twitch and YouTube. But the only thing is that it will be decentralized and provide better quality than any centralized content delivery network. Big tech companies have also partnered with Theta and this can only be a good thing for its future. It is one of the top cryptocurrency projects to explore.
Stellar (XLM)
It is the oldest coin on the list of top cryptocurrency projects and it is meant to be a network that allows the free circulation of money by integrating with the current financial system and making improvements where it is possible. In this way, people across the globe can access financial services with low fees.
Cardano (ADA)
It was launched in 2017, by a former co-founder of Ethereum. It is similar to that of ETH and can improve the problems that are already being faced since it was built from scratch. One of the issues is that of scalability.
Internet Computer (ICP)
The ICP was launched in 2016, and it is a fast blockchain where its creators want to become the new world wide web. Its capabilities are greater because it can be scaled to infinity. We can witness a boost in it with its new blockchain-based internet.
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