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.
Dusk (DUSK)
DUSK is an Ethereum-based token, which is a backbone for various transactions serving as a means of payment to keep the network up and running.
Dusk Network (now rebranded to Dusk) features secure data streaming (Secure Tunnel Switching) and file storage environment, as well as both video and audio conference functionality, offering full anonymity and decentralization. In addition, the project introduces decentralized storage, network sharing technology and special Dusk Contracts using Zero-Knowledge Proofs (ZKPs) mechanism.
Dusk’s decentralized infrastructure is focused on striking a balance between privacy and transparency regarding payments, communications and asset transfer. The project deviates from the use of consensus mechanisms such as PoW/PoS, which are considered feeble in terms of ensuring your confidentiality. Instead, they adopt a new privacy-oriented consensus mechanism known as the Segregated Byzantine Agreement (SBA).
Bella Protocol (BEL)
BEL is an Bella Protocol’s ecosystem native token intended for use in payments, staking, and voting.
Bella Protocol represents a set of tools in decentralized finance (DeFi) designed to perform bank-like transactions (loans, deposits, insurance) at a breakneck speed and extreme simplicity. The developers aim to eliminate the shortcomings of many decentralized financial systems, such as sluggish transactions, hefty fees, and confusing UIs.
Bella Protocol relies on automated algorithms that allow users to seamlessly switch between different DeFi protocols to find the most profitable investment solutions.
The project was developed by the ARPA team (former ARPA Chain) and is currently focused on providing convenient crypto banking tools running with a single-click ease.
Waltonchain (WTC)
WTC is a token of the decentralized platform Waltonchain designed to digitalize business systems and modernize the Internet of Things (IoT). Waltonchain combines blockchain and radio-frequency identification (“RFID”) technology.
The platform is basically the outcome of a Chinese project that seeks to create a decentralized blockchain environment for tracking physical objects. That’s why RFID is at the very core of Waltonchain, providing special tags that can be assigned to real-world goods. In this way, the transportation of objects can be tracked live throughout all its stages – production, delivery and arrival at retailers.
Such a solution allows you to optimize the process of updating all the info about the shipment of goods instead of manual monitoring. The resulting data can be used to improve logistics efficiency, to uncover and eliminate faulty production, as well as to reduce overall costs.
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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