The most interesting crypto for 2020
In our series we did not describe such “coins” as Bitcoin, Litecoin or Ether, as these are already well-known projects. So there was no point in reminding about them again. So what kind of cryptocurrencies focused our interest on each other?
Dash should be well known to investors with a longer track record in the market. Previously it operated under the name of Darkcoin. The company, however, wanted to change its image to one that was more suited to the mass market (dash means speed, rush).
The project protocol is based on a hybrid of PoS and PoW algorithms. It is worth noting that the network is additionally strengthened by Masternodes (MN), i.e. full nodes enriching the system with new functionalities – there are currently over 4600 of them in the network. To create MN in the Dash network we need to deposit 1000 DASH on a wallet with a fixed Internet connection. Dash has solid partnerships with companies such as Western Union or Wells Fargo. Additionally, the Dash community is very active and numerous projects are being created around the infrastructure, such as Dash Taxi.
Basic Attention Token (BAT)
Basic Attention Token (BAT) is an integral part of the platform, creating a new market for searching information on the web. You can associate Token because it is associated with the increasingly popular web browser Brave.
Brave focuses on something that is particularly important today – the privacy of users. It protects their data, blocks ads and scripts to track and collect data about you.
It is time for a project that has been in operation since 2017, but about which the world has only recently heard more clearly. ChainLink started to gain popularity in late 2019. It was developed as the first decentralized Oracle that can provide external data for smart contracts. In a nutshell, ChainLink will give your smart contract access to any external API you want to connect to.
What may surprise you is that ChainLink is a partner with SWIFT’s network of banking transaction operators. This probably best shows what potential we are talking about.
Ren is a project with a strong focus on DeFi and blockchain interoperability. Thanks to Ren, users will be able to transfer their digital coins between any blockchain with privacy.
It is worth noting that Ren is not exactly a blockchain, but rather a P2P communication protocol (like BitTorrent), using ERC-20 tokens as protection for nodes in the network.
According to Ren creators:
“Most current interoperability projects are creating a protocol that is a new standard that other blockchain developers need to implement in order to join. RenVM takes a different approach, and it connects to the other blockchain.
Holo is a distributed peer-to-peer (P2P) hosting platform dedicated to Holochain (hApps) applications. Some call it a kind of bridge to the new Internet. Holochain has ambitious plans. It wants to replace blockchain as a platform for data storage, dApps creation and easy transactions.
Doesn’t that all sound too much? Holo does with hosting what Airbnb has done with hotels-anyone can become a host, turning a computer into a source of revenue and earning a HoloFuel (HOT) for hosting distributed applications. The Holo software runs in the background, allocating backup memory and processing power to the hApps on your network.
Enjin Coin (ENJ)
We’ve reached a project that’s almost as old as Bitcoin. The beginnings of Enjin date back to 2009. The co-founder of Enjin Coin and at the same time the technology director (CTO) is – which you may be particularly interested in – a Pole, Witek Radomski. Enjin is deeply involved in the game industry.
If the creators’ goals are successful, the project will revolutionize the gaming market. To better illustrate the possibilities of Enijn, we will use an example: imagine that the skin to a character in a League of Legends, Fortnite or CS:GO game is bored and you don’t want to play it anymore. In this case, you have several options with Enjin Coin (ENJ):
- You can put it up for sale in the Enjin Marketplace, a global site where players buy/sell in-game items and earn a cryptic ENJ.
- Another option is to replace the object’s skin with a completely different object (not necessarily a skin) in a separate game (this is how Enijn allows it). Let’s say you’re replacing the skin for a character in Fortnite with a new tank skin in World of Tanks. Just a few clicks and you’re done. You can sit at the helm of “Red 102”.
The supporters of the Grin state that he will replace Bitcoin himself. But doesn’t that sound a little too high-flying? After all, the Grin is a relatively new project – it was launched on January 15, 2019. It is an implementation of the MimbleWimble protocol, created by an anonymous developers in 2016 (comparison to BTC returns). The project was written in the programming language Rust, developed by Mozilla Foundation. It is based on the PoW algorithm. However, it has no public accounting, which distinguishes it from BTC and ensures full anonymity.
The tezos is a “family project.” It was founded by Arthur and Kathleen Breitman in 2014.
From a technological point of view, it offers tools for creating smart contracts and decentralized applications (dApps), just like Ethereum. However, it has a special feature, namely that the Thesis code is supposed to update and correct errors on its own. By using this solution, developers want to avoid hard forks, which usually result in divisions among communities and internal conflicts.
Project Cosmos (ATOM) really brings us closer to the world known from futuristic novels. It was created as a result of a search for a solution to one of the most burning problems of the modern crypto world. It is about the impossibility of communicating between blockchain without an intermediary and building an internet of block chains. Sounds interesting, right?
Waves is definitely one of the most famous projects we describe here. It was created by Russian businessman Alexander Ivanov already in 2016. The platform supported by Waves Platform AG, allows its users to create their own custom tokens. The user can create, transfer and exchange tokens on a peer-to-peer basis, paying transaction fees in the platform’s native token – WAVES. Competition for Ethereum? Quite possible!