Numerous cryptocurrencies and tokens appear every day. Some of them are of a practical nature, which means they perform some sort of function. Others, on the contrary, have a purely entertainment purpose and may be in demand only due to the strong buzz around the project. RevenueBot has highlighted a few coins to watch out for.
Zilliqa (ZIL)
Zilliqa is a blockchain platform that features its sharding technology for high transaction throughput and scalability. Its feasible consensus mechanism with Byzantine Fault Tolerance (PBFT) provides secure and decentralized transaction validation. The platform supports smart contracts written in Scilla, making it simple for developers to create dApps and digital assets.
The native cryptocurrency of Zilliqa platform is called ZIL. You can use ZIL to pay for transactions and participate in the network governance process. Zilliqa also supports the creation of digital assets or tokens that can be used to represent a wide range of assets such as currencies, securities and commodities.
Overall, Zilliqa offers a future-proof solution to the scalability and security challenges faced by existing blockchain platforms. The abovementioned technologies make it attractive to developers and companies wishing to build decentralized applications and digital assets.
Rocket Pool (RPL)
Rocket Pool stands for a decentralized cryptocurrency platform that aims to revolutionize the way people participate in Ethereum 2.0 staking. With Rocket Pool, users are able to easily contribute their ETH to a pool, which is then used to stake Ethereum 2.0 on their behalf. What this does is allow anyone, regardless of their technical background or the amount of Ethereum they hold, to be rewarded for participating in staking process.
Among Rocket Pool’s unique features is its decentralized node infrastructure, comprising a network of independent node operators. This gives the platform more stability and safety than traditional centralized staking solutions since it eliminates the risk of a single point of failure.
What’s more, Rocket Pool offers a number of incentives for node operators, including the ability to earn rewards for providing staking opportunities, as well as the flexibility to choose their own hardware and software configurations.
Conflux (CFX)
Conflux is a relatively new cryptocurrency launched in 2018 aimed at delivering a high-performance, secure and scalable blockchain platform. The Conflux network uses the unique Tree-Graph consensus algorithm, which is designed to achieve high levels of parallelism and throughput while also maintaining security and decentralization.
What makes Conflux unique is its ability to process up to 3,000 transactions per second, making it one of the fastest blockchain networks worldwide. This is achieved through the sharding technique, a technology that divides the network into smaller and more manageable parts.
Yet another notable aspect of Conflux is its emphasis on interoperability with other blockchains. The Conflux team has developed an interchain bridge that allows users to transfer assets between Conflux and other large blockchain networks such as Ethereum and Binance Smart Chain.
To sum up, Conflux is an intriguing option for those looking for a fast, scalable and interoperable blockchain platform. Nevertheless, just like with any other crypto, it is crucial to do some research and figure out the risks before investing.
Conclusion
When investing in new coins, you keep an open mind on all the risks, because the chances of a coin remaining at the same price brackets or depreciating are sky-high.
This material is not a piece of financial advice and is for informational purposes only.
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