Summary:
- A summary of USDC, LBLOCK, SOL, $GARI, DYDX,.
- Stablecoins, games platform, the blockchain trilemma, video sharing,
- Proof of work, proof of space and time, proof-of-history.
- Dydx and margin trading.
USD Coin (USDC)
USD Coin is a digital stablecoin that is attached to the US Dollar, it is used as a digital dollar for global businesses. This coin is interesting because it is always redeemable in a ratio of 1:1 for US Dollars, meaning it gives its users access to the US Dollar. USDC is seen as a pillar of the blockchain ecosystem. The USDC software is open-source and is managed by an organisation that drives standards for the adoption of trusted stablecoins, and enforces payment and identity standards; this organisation is called Centre Consortium.
The USDC is available on most of the world's most powerful and innovative block chains. The fact that USDC offers a broad, native availability and the ability to seamlessly swap across the blockchain ecosystems, means that developers who build with USDC are able to extend their reach. The Centre Consortium's second major standard provides decentralised identity for crypto finance, called Verite. Verite is a collection of standardised protocols that can help make it safer, easier and more efficient to do business across the world of DeFi and Web3 commerce. Verite is free and anyone can use it and to build on.
Read more: (USDC) USD Coin, What Is It And How Does It Work? - An Interesting Altcoin!
Lucky Block (LBLOCK)
Lucky Block is one of the most undervalued cryptocurrencies, but hopes to change that by building onto the Binance Smart Coin and using it to offer more transparency and equality amongst users.
Lucky Block is listed on the Pancakeswap platform, in the weeks following the listing, the price increased substantially and investors saw brilliant returns. They launched their coin earlier this year, and have seen successful returns since.
Lucky Block is a cryptocurrency games platform, a worldwide games and competitions platform with “play-to-earn” rewards using blockchain protocols, it operates on the Binance smart chain. They are determined to develop further transparency and fairness in games. The coin was created to give everyone a better experience for lottery entrants.
Lucky Block believes that games of chance should have no borders (geographic and financial). The coin is considered to be revolutionary - it is a “crypto-lottery”
Lucky Block was the fastest crypto to earn $1 billion Market Cap, they acquired 50k+ investors in the first 90 days after launching.
Read more:(LBLOCK) LuckyBlock Crypto-Lottery - The Future Of Cryptocurrency?
Solana (SOL)
The Solana coin was founded in 2017 during the initial coin offering (ICO), their aim is to keep cost low but still achieve scaling throughput beyond what is achieved by other popular blockchains. As well as trying to solve the blockchain trilemma. The SOL token was officially launched in March 2020. Since its launch Solana has become one of the Top 10 cryptocurrencies with regards to total market capitalisation.
Proof-of-history in the context of cryptocurrencies refers to a high frequency Verifiable Delay Function (VDF). A VDF produces a unique output that is efficient and can be publicly verified. Solana uses the proof-of-history to solve the issue of the need for centralised systems to verify transactions, as the need to use centralised services defeats the object of a decentralised system.
Solana’s platform uses a proof-of-stake network, meaning the security network is not dependent on energy usage, thus the platform is environmentally friendly.
The synchronisation engine that is used by Solana is one of the main reasons they can achieve a high throughput. The reliability of Solana’s synchronisation guarantees allows them to break down the synchronisation blocks called ‘entries’ which are then validated in real time before any block consensus.
Read more: (SOL) Solana Coin Continues to Grow - Popular Altcoins, SOL: What Is It & How Does It Work?
GARI ($GARI)
Chingari App is a short video-sharing app that pays its content creators based on how viral their videos become. With every upload, creators get points per view which can be exchanged for money. Chingari has been labelled India's version of Tiktok. Chingari has partnered up with Solana to build and launch GARI on a decentralised exchange in 2023.
Chingari is the largest on chain social graph on web3. $GARI NFT marketplace, which will launch in 2023 acts as both an in-app currency and as a governance token. This will give creators the authority over future platform development.
GARI Panda is an exclusive collection of 9,999 unique panda NFTs on Solana, this feature aims to bring unique & real world utilities to holders.
In the future if advertisers wish to run advertisements in the Chingari app, they will need to own Gari Panda NFTs.
Read more: https://www.fxmag.com/crypto/gari-networks-future-looks-bright-as-the-market-waits-for-gari-to-launch
Dydx (DYDX)
Dydx is a decentralised trading platform that is used for cryptocurrency margin trading for assets such as ETH, BTC, SOL, DOT and more. The bulk of the trading happens on the Ethereum blockchain, however, with the recent launch of layer 2, the Dydx exchange can be used for inexpensive, instantly settled trades. Dydx has successfully filled a niche market in the world of cryptocurrencies.
Dydx is a leading crypto exchange that supports perpetual trading. It trades on the ethereum block chain using smart contracts and no intermediaries.
Perpetual trading on cryptocurrencies are financial derivatives that enable traders to bet on crypto asset price movements, using leverage without owning the underlying asset. Some advantages of using this method are:
- Increased flexibility of trades by allowing both long and short trades.
- Increased leverage.
Dydx is aiming at trading for everyone. They are building an open platform for crypto financial products, which is powered by the Ethereum blockchain.
Read more: What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest
Sources: FXMAG.com
