Dollar in Focus as Dual NFP Report and Global FX Shifts Shape Market Outlook
UK Wage Growth Slows Sharply, Paving the Way for Rate Cuts
Eurozone PMI Signals Resilient Growth Despite Manufacturing Slowdown
Fed Faces Liquidity Pressures as Balance Sheet Freeze Meets Market Ti
France’s Social Security Budget Passes by Narrow Margin, Raising Fiscal Risks for 2026
Summary:
Blockchain platform Harmony makes it easier to build and use decentralised applications (DApps). The network focuses on random state sharding, which enables the creation of blocks in just a few seconds, with the goal of innovating the way decentralised apps operate.
The Harmony mainnet seeks to reinvent block creation by putting an emphasis on processing speed and validity. The business drastically decreased node validation times by implementing the sharding method.
The Verifiable Random Function (VRF) for impartial and unpredictable shard membership was established by Harmony to assure the protection of nodes and the security of the validation process. This indicates that validators and nodes are randomly assigned and reassigned.
An effort of the project called Harmony Grants attempts to encourage innovation and draw developers to the Harmony mainnet.
EPoS is intended for quicker processing times and increased scalability, in contrast to proof-of-work (PoW) consensus algorithms.
Read more: Altcoins: Harmony (ONE) - What Is It? - A Deeper Look Into the Harmony (ONE) Platform
A cryptocurrency called PotCoin was developed to fill a banking gap in the legal marijuana sector. Customers can purchase cannabis products anonymously with PotCoin as well. PotCoin was designed as a cryptocurrency that makes transactions in the legal cannabis industry more quick, easy, and secure.
PotCoin is a specialised coin that is only used by the legal marijuana sector. The nearly complete lack of banking services available to legal cannabis enterprises in the US is a major driver of the need for PotCoin.
The proof-of-stake-velocity (PoSV) protocol is the operating system used by the PotCoin blockchain. PoSV, a variant on the more popular proof-of-stake algorithm, rewards coin holders for regularly conducting transactions with their cryptocurrency.
Similar to Litecoin, potcoin has minimal transaction costs and quick processing times. But unlike Bitcoin and Ethereum, PotCoin does not have a sizable user base, which makes it less liquid and more price volatile.
Read more: Altcoins: Potcoin (POT) - What Is It? - A Deeper Look Into the Potcoin (POT) Platform
A fantasy football game called FootballCoin makes use of its own cryptocurrency, called XFC coin. FootballCoin's major objective is to create a link between the fantasy football, cryptocurrency, and football fandoms, as well as to provide users of football managers and fantasy sports with the benefits of blockchain technology and cryptocurrencies.
A digital asset called XFC (FootballCoin) serves as in-game money. On the FootballCoin BlockChain platform, a fixed and constrained amount of 1 billion XFC tokens are made available (a Bitcoin type algorithm blockchain). A game economy with no inflation is provided via a fixed and limited number of coin issuances. In the game, XFC can be used to pay the entry fee for competitions, to buy blockchain-based football player and stadium cards, and to trade on exchanges.
Read more: Altcoins: Footballcoin (XFC) - What Is It? - A Deeper Look Into the Footballcoin (XFC) Platform
HEX was launched in December 2019, and is the first blockchain Certificate of Deposit, that offers high returns, no minimum and decentralised design. The average return staked on HEX is around 38%. The current circulating supply of HEX is more than 173.4 billion coins, with no maximum supply. The market capitalization is more than $12.8 billion, which puts HEX in the top 10 cryptocurrencies in terms of market capitalisation.
HEX is an ERC20 token that is launched on the Ethereum network. The HEX token is designed to act as a store of value to replace the Certificate of Deposit as the blockchain counterpart of the Certificate of Deposits used in traditional financial markets. HEX token is also designed to leverage off the emerging decentralised finance (DeFi) ecosystem in finance using the Ethereum network.
HEX utilises the Ethereum network for the transaction layer (the layer that makes it possible to send and receive HEX tokens as well as allowing interactions with the HEX smart contract), whilst the consensus code and staking mechanism is contained in the HEX smart contract.
Read more: Altcoins: What Is HEX? - A Deeper Look Into The HEX Blockchain
Any athlete in the world can create their own sports-related coins using the Game Coin platform. The platform, which enables businesses and individuals to participate in the decentralised market, was developed utilising blockchain technology. All platform transactions are based on Game Coin, which is regarded as the platform's money.
GMEX is the platform's official ticker for Game Coin. Every transaction on the site is subject to a 7% transaction fee. The transaction fee contributes to the accomplishment of the mission, and token holders are given the chance to interact, engage, compete, participate, and assess their skills and gifts on a single platform.
Read more: Altcoins: GameCoin (GMEX) - What Is It? - A Deeper Look Into the GameCoin (GMEX) Platform
Sources: fxmag.com
