4 Cryptocurrencies To Keep A Watch On: Elrond (EGLD), Geojam (JAM), Alpine F1 Team Fan Token (ALPINE), QTUM Token (QTUM)
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Summary:
- A summary of EGLD, JAM, ALPINE, QTUM,
- Proof of work, proof of stake, proof-of-history
- AAL, NFTs, DeFi.
The Elrond platform
Elrond is a blockchain protocol that uses sharding to provide incredibly quick transaction rates. According to the initiative, the Internet of Things, decentralized finance, and fintech make up the new internet's technology ecosystem. According to reports, its infrastructure for executing smart contracts can handle 15,000 transactions per second with a six-second latency and a $0.001 transaction fee. The native coin of the blockchain is called eGold, or EGLD, and it is employed for network fee payment, stake payments, and validator rewards.
Elrond bills itself as a blockchain platform for enterprise use, decentralized apps, and the emerging internet economy. Its tremendous scalability is its key selling feature, and it claims to be the first blockchain network to handle state, network, and transaction sharding. It aims to strengthen its ecosystem and establish EGLD as a store-of-value asset, according to its economics paper.
Read more: Altcoins: Elrond (EGLD) - What Is It? - A Deeper Look Into the Elrond (EGLD) Platform
The Geojam Platform
Fans can now interact directly with celebrities, athletes, and influencers like Mariah Carey, Machine Gun Kelly, and Nyjah Huston thanks to Geojam. With the launch of the cryptocurrency, $JAM, the platform integrates the principles of independent cryptocurrency communities and traditional social networking while fusing the technological developments of decentralised finance with real-world experiences.
There are now two ways on the platform to redeem experiences and extra offerings: jam shop transactions and campaign competitions. Two new pool types, Creator Access Pools and Proposal Pools, will soon be introduced on Geojam (CAPs). On Geojam, pools function similarly, requiring participants to stake $JAM in return for rewards and access to an endless array of games, experiences, and unique items in the Jam Shop.
The following is a breakdown of their products: Pools of proposals Geojam and user-generated initiatives are requests for features or creator opportunities, and proposals are
a type of platform governance where users must stake $JAM to participate. In the end, many of these ideas will become experiences in Creator Access Pools (CAP).
Read more: Altcoins: Geojam Token (JAM) - What Is It? - A Deeper Look Into the Geojam (JAM) Platform
The Alpine F1 Team Fan Token platform
The biggest and most well-known cryptocurrency exchange in the world, Binance, has created the first Formula One-themed fan token called Alpine F1 Team Fan Token (ALPINE). The ALPINE token will enable supporters of the Alpine F1 Team an opportunity to interact with the racing brand after Binance published its first fan token in LAZIO.
The ALPINE cryptocurrency has a number of present and potential uses, according to Binance. Owners of ALPINE tokens will have access to voting sessions on Binance once the token launches. Other fan tokens like LAZIO and PORTO allowed fans to vote on subjects like selecting the starting eleven for a test game and influencing what color the captain's band should be, although Alpine hasn't yet provided any ideas regarding how this could appear in practice.
The QTUM Token platform
Qtum (pronounced "quantum") is an open-source blockchain platform for proof-of-stake (PoS) smart contracts and a value transfer mechanism. It aspires to combine the advantages of Bitcoin and Ethereum into a single chain. With the addition of smart contract execution and DApps, Qtum is based on Bitcoin's UTXO transaction architecture. DeFi applications are now supported by the platform.
Qtum is a general-purpose blockchain that aims to address the four issues that its founders found most problematic with the BTC and ETH blockchain platforms: governance, interoperability, rigidity and cost of the proof-of-work mechanism, and difficulty connecting smart contracts with practical applications. Account Abstraction Layer (AAL) and Decentralized Governance Protocol are two distinctive technologies on the Qtum blockchain that seek to address this issue (DGP).
Read more: Altcoins: QTUM Token (QTUM) - What Is It? - A Deeper Look Into the QTUM (QTUM) Platform
Sources: fxmag.com
