What will become the second Bitcoin in 2020?
No cryptocurrency is able to replace Bitcoin. This is primarily due to its steadily growing popularity, as it was the first to emerge. However, there are projects worthy of attention. What are they?
Project Chiliz entered the blockchain market last year. It focused closely on the sports industry, but also intends to enter into entertainment. Why is it worth taking an interest in it? Well, it provides its recipients with something unique. It connects football fans with their favourite clubs. All this through a special platform Socios.com. This one is powered by CHZ tokens.
Fans have the right to vote on selected matters concerning their club. They can also collect rewards for their commitment. There is a lot going on in the project itself. As Alex Dryfus, CEO of Chiliz, said, he has a huge market of recipients! He started his adventure with football – the most popular sport in the world.
But it does not stop there. Not so long ago Socios announced that it will introduce crypto-fiat cards for CHZ tokens. Their application will focus strictly within the sports and entertainment industry. The user will gain quick access to his cryptographic wallet, thanks to which he will be able to exchange tokens for prizes immediately, or take advantage of discounts or gain immediate access to other offers. The cards are also to be used as a badge. So it promises to be promising. We are looking forward to seeing more news from Chiliz!
This platform in turn focuses on the gaming industry. Not so long ago it was launched on the Ethereum mainnet. This is extremely important news because it will allow developers to create blockchain-based games in a very simple and intuitive way!
It should be added that Enjin himself connects games with the cryptic world. Within it, there is an ENJ token, which is also becoming increasingly popular. The work on the project concept took two years. The ICO was conducted in 2017. After collecting funds, Enjin started building a blockchain-based, user-oriented product package. One of the main goals of the platform is to give players ownership of digital content.
At Enjin, you can create a multitude of things from a simple digital art collection to a complex web application and even your own video game. Therefore, it is a real treat for all fans of virtual reality! We’ll see how this project develops further. Currently it is gaining a big plus!
We’ve been writing about Chainlink quite often lately. All because it moves forward dynamically. It has its own token, functioning within its own ecosystem – LINK. As it turns out, yesterday it even gained a new ATH, the highest price level. All because at the turn of this year he established several important partnerships. The value of LINK itself remains closely correlated with what is happening in the project.
Chainlink solves the problem that intelligent contracts have been struggling with. It is the uncertainty about the data provided by centralized Oracle. They create bridges between blockchain and the external environment. Due to the fact that intelligent contracts can be self-executing, they could perform the wrong function, due to incorrect information provided to them.
This is where Chainlink comes in with its decentralized Oracle (which you will read more about here). The Polkadot, with whom he has not so long ago established a partnership, admitted that this project is becoming a de facto standard for Oracle-as-a-Service. It is widely used in the industry, including large companies such as Synthetix. Solutions provided by Chainlink are promising. We will certainly keep an eye on it!
It can be said to be a self-upgrading blockchain. As soon as new solutions appear, changes are introduced. So it goes far beyond what the competition could offer so far. It also has its own cryptocurrency XTZ, which is one of the few altcoins that has grown in value this and last year.
Of course, for some, the downside may be that Tezos is following the path of radical decentralization; he does not really have a pre-determined action plan. However, given the problems he is solving, he has a good chance of coming forward. To speak of a major adoption, it could use some effective marketing campaign to raise awareness among potential investors.
To sum up, there is no shortage of interesting projects on the market. Not only Bitcoin should appear on the red carpet. Although he is the undisputed king among the cryptocurrencies, many of them are equally interesting. Of course, not everyone will become a second Bitcoin, probably no altcoin will deprive him of his throne. This is not about technical considerations, but about the very community that has gathered around him. This is because it is a cryptocurrency, about which investors find out at the very beginning, before they enter the world of the blockchain. However, the examples mentioned above prove that it is not worthwhile to discriminate against other interesting coins!