Promising coins #29 – a selection from Revenuebot
Many cryptocurrencies and tokens appear daily. Some of them are practical, that is, they perform some kind of function. Others, on the contrary, carry exclusively a phante function and can only be in demand due to a strong hype around the project. Revenuebot picked up several coins, which should pay attention to.
Kava cryptocurrency is token for stakeing and control. Serves to ensure the security of the network and gives the owners the opportunity to vote for changes in the protocol.
The platform has two tokens: kava – control and security token, which is responsible for the security of the network and voting by key parameters and USDX – algorithmically supported stable coin, provided by the key to crypto acts.
The project offers wealthy loans and stable coins to users of the main crypto assets. The project team took part in the development of blockchain solutions for projects such as Ripple, Tezos, Tendermint/Cosmos, MakerDao, etc.D.
Tokens owners have the right to vote in matters of blockchain or system parameters, including the total number of USDX, which can be issued, accepted types of pledge, coefficient of debt relations to the pledge, and the size of the commissions.
Kava is also a digital asset to ensure network security. Participants can delegate their voting right to validators (allocated nodes of the network responsible for confirming transactions) through the exchange service, earn commissions from transactions and commissions from loans paid by users after the closure of CDP. The right to vote of the validator is proportional to how many tokens he keeps in the account.
The EOS project is the development of Block One, headed by Dan Larimer and Brendan Blumer. Both of them have serious experience in the field of cryptographic technologies and are actively involved in their promotion. The team also includes an entrepreneur and venture investor Brock Pierce.
The EOS network is a ready-made platform for DAPP applications that allows developers to use a full-functional authentication system. As a network function, accounts are used with various levels of rights and their own locally protected data.
The latest system updates allow access to the general database between accounts. There is also the possibility of storing user data on a local server using a block chain. Restoring access to accounts is available using various personality testing methods.
Hosting servers and cloud storage are also part of the system. This allows the developers of applications to create and launch their software and web interfaces. Developers gain access to the analytics of their applications and can establish restrictions for a specific. These services are paid in EOS tokens.
Casper cryptocurrency (CSPR) is its own Casper Network token, which is used to pay for transaction commissions and compensation for computing power and throughput, as well as for compensation for validators that process network transactions and approve the blocks in the network. The consensus method that regulates the creation or accession of new blocks to the well-known Proof-OF-STAKE.
Casper Network is the first blockchain chain based on the Casper CBC specification. The protocol was developed for corporate implementation with an emphasis on flexible confidentiality resolutions, low delay and security. Casper allows enterprises to choose between publicly available, permits and iterations of a private network, depending on their preferences regarding confidentiality without prejudice to security or performance. This attracted many enterprises https://gagarin.news/news/no-more-advertising-of-digital-assets-the-un-suggested-that-developing-countries-should-forget-about-cryptocurrency/ and web3 teams to develop partnerships with Casper.
Due to its promising Casper architecture, the platform is constantly developing in accordance with the changing needs of its users and is the most accessible for developers of any level of training. According to the official technical document, Casper is optimized to meet the needs of both the enterprise and the developer.
When investing in new coins, a person must soberly evaluate all the risks, because the probability that the coin will remain at the same price level or depreciate is extremely high.
This material is not a financial advice and brings only familiarization information.
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