Before starting reading this, get yourself a cup of tea, beer or a glass of wine, as this will be quite a long post.
There is no TLDR, like there is no easy money to be made, either read it all or just skip it.
Also, this is not financial investment, invest at your own risk!
LTO Network what is LTO?
As a blockchain project the LTO Network has a pretty long history, although it didn’t actually start out as a blockchain project. The project began in the Netherlands in 2014 as a tech startup focused on company incorporation, and within a year it grew to account for roughly 10% of the Dutch market. The team behind the company soon saw that workflow automation was a huge need in the marketplace and they began delivering centralized software solutions in 2015 to many large European corporations.
They soon began to find that the efficiencies of automation were only present when the software remained insular. As soon as collaboration with another company, or even another department within the same company, became necessary any efficiencies disappeared. This is the well known “silo effect” and it prevents companies from reaching the next level of efficiency despite business process automation. To help solve this problem LTO Network turned to blockchain technology as they saw it as a way to maintain efficiencies without compromising the data security of firms. Since 2017 LTO Network has been focused on using blockchain technology to improve workflow automation for B2B clients.
Use-case Driven Design
Unlike some other blockchain projects that were created as a solution to hypothetical problems, the LTO Network blockchain was created to solve some very specific real-world problems. It was structured with the needs of its corporate clients in mind. By creating such a hybrid blockchain the LTO Network has been able to find a way to bring together the corporate and blockchain communities. With a public blockchain that’s run by staking and is GDPR compliant, and a private chain that emphasizes transparency and efficiency, the LTO Network best serves the needs of all users.
Strong Go-to Market Strategy
The LTO Network is somewhat different from other blockchain projects in that they have a strong business strategy and marketing plan. They are essentially focused on two primary features: integrating the existing products to build connections, and developing their own products that can help their clients realize the benefits of blockchain technology without suffering any negative impact from decentralization. The first feature is definitely gaining traction as LTO brings more big-name organizations into its fold. You can see all the projects going on that take advantage of the LTO anchoring solution by visiting their website. Some of the partners include IBM, The Hague University, and the Dutch Blockchain Coalition.
Number of Transactions and Yield
LTO Networks is also notable as being one of the 20 largest blockchains in terms of blockchain activity. This isn’t a sudden surge in activity either. The blockchain has seen a steady growth in transaction activity, with the number of transactions on chain doubling over the past year. That’s occurred even after a dip in anchoring from clients during the start of the COVID-19 pandemic in March 2020.
The yield on staking also remains acceptable, despite an aggressive token release schedule that is causing some inflation in the early days of the project. A closer look at LTO’s transparency report reveals this token release schedule. In looking at the token release schedule we can see that 68% of the tokens have been released, and over the next four years the remaining 130 million tokens will be released, mostly for Mergers & Acquisitions.
Currently there are 273 million tokens in circulation which means if the remaining 130 million tokens are all released it will create over 50% inflation, which could theoretically devalue the token by 50% over the coming four years.
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Top 10 daily ACTUAL transactions (and one and only below 50mil cap). This also suggest the leaders in the company know how to invest their tech and have clear vision. It made me wonder what the bigger cap with low transactions are doing. Imagine what they can do and achieve when in the league of billion cap.
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The recent merger with VIDT also tells that Rick and his team is visionary to expedite LTO expansion.
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Strong / supportive community and team. Head over to the telegram to find out more.
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Action speaks louder than words. They kept delivering their promises. Has always been under promise over delivered. I have been in few altcoins and there’s always extension / postponement of the timeline. Though marketing is something I believed LTO can continue to work on.
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LTO has fully working product. Most of the big cap still in the stage of developing their products, mainnet, etc.
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Incremental partnerships (including Dutch Government). If you look at the LTO partnerships, they have diverse range of use cases and different industries. Such scalability that able to span across different industries are rare in crypto nowadays.
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GDPR ready. With increasing focussed on data privacy, LTO is ready and GDPR compliant.
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Is definitely not something you want it moon in short term. Is a long term investment, and reminded me when ETH / ChainLink started.
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Staking. Probably the easiest staking platform I have seen and used across all the altcoins I have used and part of. Most importantly, you still own the coins and lease them out to node operators, greatly reducing the risks. Current APY is about 7%. With more transactions expected this year, we should be seeing double digits on the APY%.
What is Cardano? (ADA)
One of a number of competing proof-of-stake blockchains, Cardano enables owners of its ADA cryptocurrency to help operate its network and vote on changes to its software rules.
Likewise, developers can use the Cardano blockchain for familiar features, including running custom programming logic (smart contracts) and building programs (decentralized applications).
However, Cardano differs from the other projects by emphasizing a research-driven approach to design, aiming to achieve an academic rigor it believes will propel adoption of its technology.
So, while Cardano may not promise new ground-breaking features, users and developers may find its cryptocurrency offers appealing optimizations based on scientific research and formal verification, a process by which its code is verified mathematically.
For example, its consensus algorithm, Ouroboros, has been deemed “provably secure” by a process of formal review. Additionally, Cardano’s code is written in the formally specified Haskell programming language, commonly used in the banking and defense sectors.
As of 2020, IOHK, the company that built Cardano, has published more than 90 academic papers outlining its technology, inking partnerships with global universities in the process.
The Cardano team now publishes this research through its official website, where it also keeps less technical users updated on the status of its roadmap through blog posts and videos.
Who created Cardano?
Cardano was created in 2017 by technologists Charles Hoskinson and Jeremy Wood.
The most high-profile of the two co-founders, Hoskinson, is a co-founder of Ethereum (ETH) and briefly served as CEO for a planned for-profit entity for the project.
Today, Cardano is maintained by three separate and independent organizations.
These include:
• The Cardano Foundation – Based in Switzerland, this non-profit is responsible for supervising and overseeing the development of the Cardano blockchain.
• IOHK – Co-founded by Hoskinson and Wood, IOHK built Cardano and designed Ouroboros, the proof-of-stake algorithm Cardano uses to operate its network.
• Emurgo – The company charged with helping encourage enterprises and larger organizations to adopt Cardano’s technology.
At the time of its launch, approximately 31 billion ADA were created, nearly 26 billion of which were sold to investors by a Japan-based company hired to manage the sale. Participants were able to purchase vouchers that could later be exchanged for ADA on the software’s release.
The remaining 5 billion ADA were distributed to IOHK, Emurgo and the Cardano foundation.
The Cardano Blockchain
The Cardano blockchain itself is divided into two layers:
• The Cardano Settlement Layer (CSL) – The CSL is used to transfer ADA between accounts and to record transactions.
• The Cardano Computation Layer (CCL) – The CCL contains the smart contract logic that developers can leverage to programmatically move funds.
Further, computers running the Cardano software can join as one of three nodes.
• mCore nodes – Stake ADA tokens and participate in blockchain governance
• Relay nodes – Send data between mCore nodes and the public internet
• Edge nodes – Create cryptocurrency transactions.
Since 2017, Cardano has seen 5 major platform upgrades, including Byron, which enabled the transfer for ADA cryptocurrency for the first time and Voltaire, which introduced a new model for how users could fund development for software changes.
What is Ouroboros?
Orobouros is the proof-of-stake (PoS) consensus algorithm used by computers running the Cardano software to secure the network, validate transactions and earn newly minted ADA.
Ouroboros divides time into epochs and slots, where epochs are the overarching time frames, and slots are 20-second increments within epochs.
Within each slot, a slot leader is randomly chosen and is responsible for choosing the blocks that get added to the blockchain. Only mCore nodes can be elected to become slot leaders.
Ouroboros enables two types of blocks that get added to the blockchain:
• Genesis blocks: Include the list of all the slot leaders associated with the epoch and contain a series of main blocks
• Main blocks: Contain all transaction information, proposals for software updates and the list of votes for these updates.
Once the epoch has ended, the previous slot leaders elect the slot leaders of the next epoch.
The votes happen via a mechanism where each slot leader performs a “coin tossing act,” which the Cardano team says increases the randomness by which new slot leaders are picked.
Matic and why should it be in your portfolio?
New and exciting DeFi projects launch all the time, and it can be difficult to keep up with them all. More specifically, understanding project fundamentals, the services they can offer to users, announcements of partnerships and integrations can all seem abstract. Matic Network, on the other hand, a Layer-2 scaling solution utilizing Plasma side chains, has a very concrete use case. Put simply, Matic Network is a scaling solution underpinning dApps and DeFi applications, addressing some of the Ethereum Network’s scalability challenges.
Advisors and Partnerships
The Matic Network team is advised by crypto-professionals from senior positions in some of the largest crypto companies. This includes Esteban Ordano, an ex-software engineer at BitPay, and Founder and Chief Technical Officer of Decentraland. Also from Decentraland, as Project Lead, is Ari Meilich - whose previous position was co-founder of Benchrise. Matic is also advised by Pete Kim, who holds the Head of Engineering position for Coinbase Wallet.
A project can only be as good as the developers and team behind it. Matic Network was created, nurtured, and grown by an active team of blockchain and cryptocurrency enthusiasts. Together, this team is creating a building block for future developments and expansions.
So, what is Matic Network? Matic Network is a scaling solution for the Ethereum Network. As such, it allows Ethereum-based transactions to be carried out within seconds using innovative protocols to improve user experience across a range of decentralized applications (dApps).
More specifically, Matic provides a Layer-2 solution that uses sidechains and it’s own dedicated Proof-of-Stake (PoS) nodes to maintain the security of digital assets during off-chain computation. The Matic token (MATIC) is used for staking to secure the chain, in addition to being used to pay for transaction fees on the network.
The primary aim of the Matic Network is to improve user experience. It does this by providing a fast and efficient way to process ERC-20 based tokens, that can be interoperable with other dApps. Matic utilizes the Plasma framework to make it easy for developers to build decentralized applications
What is Plasma?
Plasma is a framework for creating decentralized applications that can easily be scaled and seamlessly interact with each other. Originally proposed by Vitalik Buterin and Joseph Poon (co-author of the Lightning Network), Plasma aims to solve Ethereum's scaling issues.
Essentially, Plasma consists of a framework of secondary chains that reduce non-essential interactions with the Ethereum blockchain, among others. As you may know, the real strength of Ethereum is arguably how it can underpin smart contract-driven decentralized applications (dApps) and DeFi solutions. Nevertheless, for this to work effectively, Ethereum needs to be able to scale. Plasma, which can be seen as an Ethereum equivalent to Bitcoin’s SegWit, is a major step towards achieving greater Ethereum scalability.
The Plasma framework operates as a hierarchical tree, with several smaller chains branching off from the main blockchain. These smaller chains are known as child chains or Plasma chains. Matic’s side chains are Plasma-based, EVM-enabled chains that smart contracts can be deployed on instantly Scalability
As a decentralized off-chain scaling solution, scalability can be achieved through Matic Network without compromising the user experience. Despite some criticism of Plasma’s smart contract scaling, Matic is the only fully operational integration and has had no serious issues in the months since its May 2020 mainnet launch.
High Throughput
Matic Network ensures the throughput of millions of transactions, with its sidechain tree structures. In fact, a single Matic Network chain can process up to 65,000 transactions per second.
Security
Matic Network uses the PoS consensus algorithm. With the Matic chain operators themselves holding staker and delegator positions in the network, they provide further increased security to what is already one of the most secure blockchains.
Interoperability
Matic is currently working on interoperability for digital assets between different sidechains and blockchains. The network plans to soon also incorporate interoperable ERC-20-based cryptocurrencies and ERC-721-based NFTs (non-fungible tokens).
One-Stop-Shop DeFi Platform
The Matic Network’s sidechains can offer an array of decentralized financial services. Matic provides an extensive range of DeFi applications that can be hosted on Matic side chains for various use cases. As such, this is one of Matic’s greatest strengths - in that it offers the architecture for supporting other solutions.
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Chainlink Partnership
Additionally, Matic will soon integrate Chainlink’s Verifiable Random Function (VRF), to generate random numbers within smart contracts. This integration brings provably-fair and verifiably random chances to smart contracts, while opening the door for future integrations and use cases. Chainlink VRF has already proven useful in crypto gaming, which Matic intends to bring to the platform. Provably random outcomes are not limited to gaming, however. Chainlink’s VRF could even determine a fair distribution of labor, or for smart contracts and applications that require random outcomes.
Different Matic Network Use Cases
Payments
With just a few easy steps, Matic Network can be integrated into your dApp, with all payments settled directly on-chain.
The Bitcoin blockchain currently has a TPS (transactions per second) of about five, although this can vary. Ethereum, on the other hand, can currently handle approximately three times that number, with around 15 TPS. Nevertheless, the Ethereum 2.0 update promises massive TPS improvements. The Ethereum 2.0 upgrade consists of sharding, helping scale the blockchain network, promising an increase to approximately 100,000 TPS following completion of phase 1.
With Matic, however, you don’t have to wait for the Ethereum 2.0 upgrade. Implementing Matic means transactions will be processed within a second, thanks to the “faster block generation times”. Also, as a result of less congestion, smaller fees are incurred to make transactions with Matic as opposed to Ethereum.
The Matic Network offers payment APIs and SDKs for dApps, merchants, and users alike. This means Matic can assist anyone wanting to pay in or receive payment in cryptocurrency.
Gaming
The introduction of blockchain in the gaming industry is changing the way we play, forever. Gone are the days where the gaming company owned all gaming assets and virtual currencies. Now, with blockchain, gamers can actually purchase ownership rights to various items within games through the use of NFTs
This year, Matic held their first Matic Network Gaming Week, in conjunction with their Deployment Week in the first week of August. Matic then introduced five new blockchain-based gaming platforms that were onboarded to the Matic Mainnet Network at the end of the month. These include CryptoAssault, an MMO (massively multiplayer online) strategy war game with economic incentives. Battle units are NFTs that can be combined to make larger, stronger units. Users can also earn ETH daily depending on the amount of in-game land that they own.
Other games onboarded during Matic’s Gaming Week include CrypCade and Boom Elements. Both of these are currently built on the TRON blockchain. However, they have chosen to implement Matic for a superior gaming experience. Matic improves gaming experience through super-fast transaction speeds (7200 TPS) at a fraction (1/1000th) of the cost to the gas fee paid when using the Ethereum main blockchain.
Theta coin, why is it a good buy?
If you spent even a little bit of time in the cryptocurrency world, you would quickly notice that there isn't a shortage of different coins out there on the market. Many of the more niche coins are part of larger blockchain projects dedicated to revolutionizing some aspect of how we live our lives. Theta coin is just one token on the market that's doing exactly that. Based on a blockchain project that aims to change video streaming and allow peer-to-peer sharing of bandwidth, Theta coin has done exceptionally well over the past couple of months.
Does that mean it's worth a spot in your crypto portfolio?
First, let's look at how exactly Theta Network works.
Theta is a blockchain network built primarily for video streaming. It was launched relatively recently in the context of blockchain projects, back in 2019, and uses a decentralized network to distribute bandwidth and resources between computers working on the network.
The idea is that this way, people with spare bandwidth can share it with others who might need more. In exchange, participants receive token rewards for contributing to the network.
Computing power becomes a real issue once you move into the territory of 4K and 8K streaming, where bandwidth becomes a major bottleneck. Theta tokens can be used on the network itself, but they can also be sold outside the network on major exchanges.Unlike most other cryptocurrencies, which still have to issue their maximum number of allotted tokens, Theta has already hit the one billion token mark, which is the current maximum that the platform intends to issue.So, is Theta coin a good investment?
Back in July 2020, Theta was trading around $0.20. Fast forward to March 2020 and Theta is trading closer to $4.40, which is around a 2,100 percent gain in less than a year.
Unlike many other blockchain projects out there, Theta has some remarkably high-profile individuals on its roster of advisors. This includes YouTube co-founder Steven Chen as well Justin Kan, co-founder of streaming platform Twitch.
Because of this, many think Theta has a lot more long-term potential than many other altcoins, given the nature of its project and the real-life problem it's solving.
Nano coin, and why is it a good investment for long term?
The term “NANO” itself has been officially rebranded from what was known as “RaiBlocks”. At the beginning of 2018, the company officials decided to name their cryptocurrency project (and the currency itself) Nano - this marked a new beginning for the coin.
As a project and a cryptocurrency on its own, Nano is pretty self-explanatory - it is a coin that aims to replace fiat currencies and bring crypto into people’s daily lives. The coin’s goals and aims are almost identical to those of Bitcoin.
Unlike Bitcoin, however, Nano aims to perform the tasks (mainly - transactions) of its blockchain in a much faster and more flexible way.
Nano coin uses a combination of Proof-of-Stake and Proof-of-Work algorithms. The mixture is called a “delegated Proof-of-Stake”. The way that it works is that, when there is a problem with a transaction in the Nano coin’s system (let’s say, two transactions collide - one of them is legit and the other one is a robbing or infiltration attempt), there are “delegates” that are there to vote for the legit transaction and dismiss the fraud one.
To become a delegate, you must have some XRB in your wallet - this incentivizes people to participate in the growth and advancement of the Nano community.
Nano Block Lattice
A difficult term in of itself, block lattice refers to a mixture of two systems - the traditional blockchain, and what is called a “directed acyclic graph”, or DAG for short.
DAG is a type of data structuring. When, for example, you perform a transaction (buy, sell or simply trade) with a traditional cryptocurrency, your transaction is grouped into a “block” with a predefined space and size - these blocks make up the blockchain. With the DAG structure, however, you would be able to see individual transactions and how they correlate in the bigger picture of the blockchain itself.
What’s good about DAG is that it’s extremely scalable - exactly what the traditional blockchain lacks. The downside is that it isn’t particularly safe - however, this is where the infamous security of blockchain steps in.
The Nano coin aims to unite the best of these two worlds - DAG’s scalability and blockchain’s security.
How Does it Work?
The working principle behind Nano's coin is quite simple.
To over-simplify it, Nano simply stores incoming and outgoing transaction data into designated, individual blocks in your own, personal blockchain. This way, your wallet balance is always kept updated and secure, while also keeping the blockchain working smoothly.
The general concept and idea behind the Nano cryptocurrency is the driving goal behind this process. The company has only one, single focus - scalability. They aren’t too concerned with security - that’s where the blockchain itself comes in.
Rather, the team focuses on providing the fastest possible transactions in the field of cryptocurrency. In turn, the “fee” topic comes up - there are no fees whilst using Nano coin in your transactions. Yup, you’ve read that right - 0 fees.
Conclusions
If nothing else, cryptocurrencies like Nano prove that the crypto technology is constantly advancing and moving forward. Even after the infamous market crash of the end of 2017 - the beginning of 2018 didn’t shun people away - on the contrary, more and more people seem to take interest in the world of crypto.
With that, new challenges arise every single day - cryptocurrency platforms and the teams behind them must keep constantly advancing and developing.
One of the best features that Nano coin provides is that it is simple. And by no means do I mean that from a technical standpoint - it’s as complicated as the other cryptocurrencies out there. No, what I mean is that it has very clear goals and tasks in mind, straightforward ways to achieve them, and a good leader and team to back it up. With such a combo, the coin may reach interesting hights in the future to come.
Sol token, why is this in my list?
What is Solana (SOL)?
Solana is a web-scale blockchain that provides fast, secure, scalable, decentralized apps and marketplaces. The system currently supports 50k TPS (Transactions per second) and 400ms Block Times. The overarching goal of the Solana software is to demonstrate that there is a possible set of software algorithms using the combination to create a blockchain. So this would allow transaction throughput to scale proportionally with network bandwidth satisfying all properties of a blockchain: scalability, security and decentralization. Furthermore, the system able to support an upper bound of 710,000 TPS on a standard gigabit network and 28.4 million tps on a 40 gigabit network.
Background
The Solana (SOL) platform was founded back in 2017 by Anatoly Yakovenko. Yakovenko worked at Qualcomm before founding Solana. He has a wide range of experience with compression algorithms after his previous experience at Dropbox as a software engineer. Along with Eric Williams and Solana’s CTO, Greg Fitzgerald, they created a new process of dealing with traditional throughput problems that existed in the Bitcoin and Ethereum blockchains.
They hoped to create a trustless and distributed protocol that would allow for more scalability. The team currently is backed by experiences from top organizations in the world including: Apple, Qualcomm, Intel, Google, Microsoft, Twitter, Dropbox, and more. The impact that Solana has created also brought the attention of many investors that include: Multicoin Capital, Foundation Capital, SLOW Capital, CMCC Global, Abstract Ventures, and more
What type of consensus method does Solana use?
As one of the most performant permissionless blockchains in the world, the network has 200 physically distinct nodes supporting a throughput of more than 50,000 TPS when running with GPUs. One of the biggest challenges with distributed systems is the agreement in time.
Unlike Bitcoin that uses the PoW algorithm as a decentralized clock for the system, Solnaa uses a Proof of History method. With Proof of History, you are able to create historical records that prove that an event occurs during a specific moment in time. The algorithm is a high frequency Verifiable Delay Function. This function requires a specific number of sequential steps to evaluate.
Transactions or events that are evaluated will be given an unique hash and a count that can be publicly and effectively verified. The count allows us to know when each transaction or event occurred, functioning like a cryptographic time-stamp. Within every node there is also a cryptographic clock that keeps track of the network’s time and the ordering of events. This allows high throughput and more efficiency within the Solana network.
8 Core Innovations of Solana:
Proof of History (PoH) → a clock before consensus
Solana’s PoH consensus algorithm helps to create more efficiency and higher throughput rate within the Solana network. So by having historical records of events or transactions, it allows the system to more easily track transactions and keep track of the ordering of the events.
Tower BFT → PoH-optimized version of PBFT (Practical Byzantine Fault Toleration)
Tower BFT is a PBFT-like conesus algorithm that is made to take advantage of the synchronized clock. The Tower BFT uses the PoH as its cryptographic clock which allows consensus to be reached without having to incur massive messaging overhead and transaction latency.
Turbine → a block propagation protocol
The Turbine protocol makes it easier to transmit data to the blockchain nodes. Turbine is able to do this by breaking the data into smaller packets. This allows Solana to address issues of bandwidth and also increase its overall capacity to settle transactions faster.
Gulf Stream → Mempool-less transaction forwarding protocol
The Gulf Stream protocol plays an important role pushing transaction caching and forwarding it to the edge of the network. This allows the validators to execute the transactions ahead of time, reducing confirmation time, faster leader switching, and reduced memory pressure on validators from unconfirmed transaction pools. So this protocol is what allows Solana to support 50k TPS.
Sealevel → Parallel smart contracts run-time
Sealevel is a hyper parallelized transaction processing engine that is used to scale horizontally across GPUs and SSDs. With this system in place, it allows Solana to obtain a more efficient runtime and also allow transactions to run concurrently on the same state blockchains.
Pipeline → a Transaction Processing Unit for validation optimization
Pipelining is a process where a stream of input data assigns to different hardwares responsible for it. So this mechanism allows transaction information to be quickly validated and replicated across all the nodes in the network.
Cloudbreak → Horizontally-Scaled Accounts Database
To achieve the necessary scalability on the Solana network, it requires the use of Cloudbreak. Cloudbreak is a data structure that is optimal for concurrent reads and writes across the network.
Archivers → Distributed ledger storage
We use Archivers for data storage. Data on Solana offloads from validators to a network of nodes known as Archivers. These nodes can be lightweight (ex: laptops) and they will be subject to a check, every so often, to ensure they are storing the right data.
What is a Solana (SOL) Cluster?
The Solana Cluster plays an important role in Solana software. A cluster is a set of computers that are working together. They can be viewed from the outside as a singular system. Each Solana cluster is a set of independently owned computers that usually work together (can also work against each other). The computers help verify the output of untrusted, user-submitted programs. Furthermore we can use the cluster anytime a user hopes to preserve an immutable record of events or the programmatic interpretation of the events.
Some use cases of the technology is to track which computers did work that was meaningful in keeping the cluster running. Another may be to track the possession of real-world assets. One good thing about this is that as long as someone has a copy of the ledger, the output of its programs will always be able to be reproduced and will be independent of the organization that issued it.
How Does Solana Work?
• Input of transactions to the Leader
• Leader will sequence the messages and orders them efficiently so that it can be processed by other nodes
• The leader then executes the transactions on the current state that stores in the RAM
• Leader will then publish the transactions and signature of the final state to Verifiers (replication nodes)
• Verifiers will then execute the same transactions on their copies of the state and publish their signatures of the state if confirmed
• Published confirmations will then serve as votes for the consensus algorithm
The Sol Token
The SOL token is the native currency in Solnaa’s ecosystem. So the token can pass to nodes within the Solana cluster in exchange for running on-chain programs or validating its output. SOL can also be used to perform micropayments known as lamports. The current circulating supply of SOL is 26 million. The maximum supply of SOL caps at 489 million SOL. SOL also has additional use cases, you can stake the token to earn additional rewards. So Staking is a good way for users to earn profit if they are just looking to hold their tokens. The process of staking is quite simple, it is as follows:
• Transfer tokens to a wallet that supports staking
• Create a staking account
• Select a validator from Solana’s validators
• Delegate your stake to the validator
Solana (SOL) has quite a few partners in the crypto industry; many are the best and brightest in the crypto industry. These firms include Project Serum, FTX, Terra, akash, Chainlink, civic, dfuse, Formatic, Stardust, Kin, Tempest, and more.
Solana’s Partner that rose 1500%, Serum:
Serum has been quite hot in the news growing 1500% since its IEO. The main reason why Serum chose to build on Solana is because it offers the best of both centralized and decentralized worlds.
It allows exchanges to be resistant to censorship, noncustodial, inexpensive and highly liquid.
This is only achievable with Solana as it allows Serum to run on a on-chain central limit order book that updates every 400 milliseconds.
Solana allows Serum to achieve one of the lowest latency and gas costs, hence, making it revolutionary.
VET chain? does it worth it?
What is VeChain (VET)?
VeChain (VET) was one of the first blockchains built exclusively to cater to the needs of enterprise-level clientele. The developers behind the project seek to improve supply chain and product lifecycle management through the use of distributed ledger technology (DLT). Importantly, the platform offers users a variety of new functionalities that make it ideal for businesses seeking to enhance supply chain protocols and business processes.
Today, the logistics sector suffers from an asymmetric information problem. While the systems in place do collect a large amount of data, this data is not communicated in an optimal manner. In most instances, severe compartmentalization leaves the entire supply chain to rely on centralized data sources. This lack of unity results in a lack of transparency and delayed data transmission.
VeChain provides businesses the ability to track an enormous amount of data. These
VET CoinMarketCap
VeChainThor Energy (VTHO)
The second token used in the VeChain system is VeChainThor Energy. This token functions as gas to power smart contract transactions. These tokens are not publicly available. Only developers use these tokens to cover their contract execution costs.
Critically, most blockchains require developers to make a payment to place contracts on the blockchain. This strategy ensures that only public-ready coding makes it onto the blockchain and reduces spam posts
VeChain Consensus
In order to make good on all of its promises, VeChain must provide business with timely and secure consensus. To that end, the platform introduces a proprietary consensus mechanism known as Proof-of-Authority (PoA). This protocol provides an efficient means to maintain system continuity. The PoA consensus mechanism was built to improve upon the shortcomings found in Proof of Work (PoW), Proof of Stake (PoS), and Designated Proof of Stake (DPoS) mechanisms. Critically, PoA requires less energy consumption. As opposed to Bitcoin, which requires nodes to communicate and validate transactions, there is no requirement for communication between nodes to reach consensus on the VeChain blockchain.
VeChain Philosophy
VeChain differs from other projects in the sector in a few key ways. Primarily, the developers behind this project had no desire to create a fully decentralized platform. Instead, their goal was to integrate the best features from both the DeFi (decentralized finance) and CeFi (centralized finance) sectors. This strategy creates a balanced platform that provides users with transparent information flow, efficient collaboration, and high-speed value transfers.
How VeChain Works
VeChain utilizes a variety of technologies to accomplish its goal to streamline the supply chain sector. For example, VeChain uses various types of Radio Frequency Identification (RFID) tags and sensors to monitor critical data during shipment. This information is broadcast in real-time across the blockchain.
This strategy enables any stakeholders or market participants to monitor the item to verify its condition and authenticity. Paramountly, this approach is perfect for large complex supply chains. VeChain can monitor these gigantic networks and keep businesses up to date on developments as they occur.
Internet-of-Things (IoT)
VeChain is a pioneer in the integration of IoT and DLT technologies. Keenly, VeChain was built from the ground up with IoT integration in mind. The Internet-of-things refers to the network of billions of smart devices currently in use globally. All of these devices are smart because they possess some sort of sensor and ability to communicate data online. Today, these devices encompass an unbelievable array of stuff, from TVs to doorbells, to the phone you are holding in your hand right now.
The integration of IoT and blockchain technology makes perfect sense. Blockchain tech provides an affordable way to monitor such a vast amount of data in near real-time via consensus. Consequently, VeChain isn’t the only project exploring the merger of both techs.
History of VeChain
VeChain went from the drawing board and into reality in 2015 with the goal to disrupt the supply chain industry by making data actionable and transparent. The project’s creator, Sunny Lu, was best known for his executive work with Louis Vuitton China before this venture. You have to imagine that dealing with all of the supply chain issues facing clothing manufacturers face helped inspire him to develop this unique system.
VeChain’s VET began on the Ethereum blockchain. This approach is a common strategy in the market because it allows developers to showcase their concept and gather funds to develop their own blockchain. Eventually, that’s exactly what VeChain did. Today, VET operates within the native VeChain ecosystem. In this way, developers can provide features geared directly to business clientele.
Dual Token
VeChain did borrow one thing from Ethereum, its dual token strategy. In this style of blockchain ecosystem, one token serves as the public investment and/or digital cash and the other is for smart contract execution and programming. Examples of this style of backend token are Ethereum’s ether and NEO’s GAS.
There are two main advantages to this strategy. The first benefit is that this system provides effective governance. Blockchains need to have governance models that include the community or they risk hard forks from unhappy community members. The second reason to use a dual token strategy is that it provides your blockchain with a predictable economic model.
VeChain Token (VET)
VET is the cryptocurrency that you would invest in on an exchange. It serves as an increment of value within the VeChain blockchain. This token can transfer value across the blockchain and trigger smart contracts. It is also how users pay for transactions on Dapps that function on the VeChain blockchain.
Currently, there are 55,454,734,800 VET in circulation. VeChain’s system is set up to issue a total amount of 86,712,634,466 VET. VET ranks in the top 30 cryptocurrencies globally based on market capitalization.
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