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.
TRON (TRX)
Tron is a decentralized blockchain-based platform that provides services associated with entertainment and finance. The goal of the network is to put content creators in ultimate control of their data and the ability to profit for their efforts.
Devs are striving to change the approach to the traditional media industry and decentralize the industry. For example, Facebook or YouTube control the content that is to be published and viewed by users. While most of the revenue flows to these companies, the authors and creators make a small profit.
The main goal of the project is to counter the high commission fees for transactions charged by the Ethereum blockchain. In fact, this was the one and only unsupervised drawback of Ethereum. Tron developers seized this opportunity to raise the technological level of the platform and make a name for themselves in the digital space.
The essential part of blockchain is the delegated proof-of-stake. It is an enhanced version of the Proof-of-Stake consensus mechanism.
Users of the TRON network system initiate transactions without worrying about gas fees. Transaction fees relate to the concept of throughput and energy. This mechanism allows for 15 free transfers. For subsequent transfers, you will be charged based on an assessment of the throughput of each individual transaction.
EOS (EOS)
In May 2017, the blockchain project Block.one was created by Daniel Larimer, who is the former developer of the Bitshares decentralized cryptocurrency exchange and the founder of the Steemit social network. Objective of the company is to maintain EOS.IO platform with its native virtual currency. By the end of the same year, a White Paper was published describing the highlights of the project.
From June 26, 2017, the fundraising began, which was running for 11 months, until June 1, 2018. This was the most continuous ICO ever seen in the history of crypto projects. The initial coin offering netted Block.one an investment of $4.2 billion, which was raised with no working product. Early tokens were created using the ERC-20 protocol in the Ethereum blockchain. They were exchanged for official EOS coins, released in their own blockchain, once the platform was fully launched.
They had to postpone the launch of the project several times, since the beta version had a lot of bugs and exploits. Hackers managed to hack into the e-mail server, when they discovered a serious system error in the code.
0x (ZRX)
0x is a protocol to simplify peer-to-peer asset exchange based on the Ethereum blockchain. It is a set of tools for developers who plan to launch a decentralized exchange, including secure smart contracts and open access to a liquidity pool. 0x can be integrated by developers as an application or smart contract.
ZRX is a native token of the ecosystem, designed for staking and maintaining the network to compensate repeaters, to facilitate decentralized management of the platform. Eventually, it is the primary exchange currency in this system. Since 2017, ZRX has been widely traded on prominent crypto exchanges, such as Binance.
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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