The week was really bad for the crypto market with Bitcoin (BTC) going down over -16.32%, but some coins GAS, FTM, BTCST, UNFI, FIO, UFT, MATIC, TVK, HOT, ORN were in the green which was good.
Let’s take a closer look at this weeks top crypto performers.
Gas is one of the two coins created by Neo Foundation. Gas is used as a processing fees for Neo coin.
Neo hashing algorithm is Proof of Stake (PoS), where blocks processing power depends on the amount of tokens held by miners instead of the Proof of Work method which depends on the mining power that a miner has to create a new block.
Neo holders is compensated with certain amount of Gas every month, is a similar concept to the ether gas and is used as a power for transaction (transaction). Read more
FANTOM is a new DAG based Smart Contract platform that intends to solve the scalability issues of existing public distributed ledger technologies.
The platform intends to distinguish itself from the traditional block ledger-based storage infrastructure by attempting to employ an improved version of existing DAG-based pro-tocols. The FANTOM platform adopts a new protocol known as the “Lachesis Protocol” to maintain consensus. Read more
Bitcoin Standard Hashrate Token aims to bring exchange-grade liquidity to Bitcoin mining and solve the current problem of a limited number of exit options while participating in the mining process. Read more
Unifi Protocol DAO is a group of non-custodial, interoperable, decentralized, multi-chain smart contracts providing the building blocks for DeFi development. The project provides a bridge to connect the economy of Ethereum-based DeFi products to the growing DeFi markets on other blockchains.uTrade, a decentralized Automated Market Maker (AMM) and token exchange, is the first product built on the Unifi Protocol DAO smart contracts. Read more
FIO Protocol is a decentralized usability layer for the entire blockchain ecosystem that is integrated into existing crypto products such as wallets, exchanges and crypto payment processors.
UniLend is a permission-less DeFi protocol that combines spot trading services and lending/borrowing functionality within the same platform. Whereas other DeFi protocols support only ~30 assets, anyone can list any ERC20 asset on UniLend for decentralized trading and lending/borrowing. Read more
Matic Network provides scalable, secure and instant Ethereum transactions. It is built on an implementation of the PLASMA framework and functions as an off chain scaling solution. Matic Network offers scalability solutions along with other tools to the developer ecosystem, which enable Matic to seamlessly integrate with dApps while helping developers create an enhanced user experience.
Terra Virtua Kolect is a cross-platform non-fungible token (NFT) ecosystem that offers a curated marketplace for NFT creators and collectors to interact. The Terra Virtua Kolect platform spans web, PC and mobile AR/VR environments. The Terra Virtua Kolect project raised $2.6 million in three rounds of token sales. Some of Terra Virtua’s partners for creating digital collectibles include Legendary Entertainment and Paramount Pictures. Read more
Holochain enables a distributed web with user autonomy built directly into its architecture and protocols. Data is about remembering our lived and shared experiences. Distributing the storage and processing of that data can change how we coordinate and interact. With digital integration under user control, Holochain liberates our online lives from corporate control over our choices and information. Read more
Orion is a DeFi platform providing B2B + B2C solutions for liquidity. It aims to solve the the largest problems in DeFi by aggregating the liquidity of the entire crypto market into one decentralized platform – pulling from every major centralized exchange, decentralized exchange, and swapping pool.
Disclaimer:
The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.
Credit: Source link
