Promising coins #91 – a RevenueBot Editor’s Pick


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. 

Bluzelle (BLZ)

Bluzelle is a blockchain-based distributed ledger designed to enable decentralized applications. The platform provides a secure, censorship-resistant and highly scalable data management solution.

The project developers emphasize the fact that traditional blockchains are not intended for efficient storage and processing of large data volumes. They argue that this issue could be a major limitation to the development of the Internet of Things (IoT) in the years to come.

Say, decentralized applications (dApps) running on the Ethereum face a gradual increase in the amount of data exchanged. The lack of a scalable and reliable database can jeopardize network stability, incur higher fees, and increase transaction validation delays. So Bluzelle’s dev team is aimed at addressing these challenges.

Polymath (POLY)

POLY is a ERC-20 utility token designed for P2P settlements in the Polymath network.

The platform itself was created to digitally tokenize securities and anchor them to such a technology as blockchain. One of the main objectives of the project is to lay down a legal framework for the circulation of securities on the platform.

The solution provided by Polymath helps users to conduct stock trading effortlessly by using decentralization protocol and privacy module. Users or businesses are expected to verify their identity, residence, and accreditation status before they may engage in securities transactions.

At Polymath, developers believe in making blockchain accessible to securities issuers. Prior to this setup, tokenization of shares, vouchers or stakes in companies was complicated since this area was subject to strict regulatory scrutiny.

Cartesi (CTSI)

CTSI is a native utility token specifically developed to power the Cartesi ecosystem. Token holders here are rewarded for validating blocks according to the Proof-Of-Stake consensus mechanism. CTSIs also play a pivotal role in Cartesi Core’s incentive mechanism.

It is a Linux-based platform for building and deploying scalable DApps. Cartesi is a Layer-2 hybrid scaling solution that runs across multiple blockchains.

The main benefit of the project is the ability to shift the processing of CPU-intensive operations from the main blockchain to a second layer of the network as to operate off-chain. This eliminates the need to perform the same parallel computation across the entire network, thus significantly reducing redundant resource consumption.

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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RevenueBot hosts a Telegram group for its customers and an official Telegram channel, where you can find the latest news and info about the crypto industry. You can learn more about the features of the platform on the RevenueBot official website.

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