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Top Five Most Advanced Cryptocurrencies

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New cryptocurrencies are continually getting introduced to the crypto space, but very few come with new technology. The new coins in the market tend to fork from existing technologies, acting as uninspired copies of their predecessors. That is why every investor should research the coin’s background diligently and note the level of technological improvement embedded.

Nonetheless, there are individual coins that stand out from the rest with their advanced technologies. These coins launch with strong fundamentals and newly discovered technologies that make them industry leaders. In this article, we’ll look at the five most technologically advanced cryptocurrencies and what they offer the investor.

Apollo Currency (APL)

Apollo is the world’s first cryptocurrency to launch and implement database level sharding, making it one of the only indefinitely sustainable blockchains on the market. Furthermore, APL is the first cryptocurrency to make wallets Quantum resistant and run on a Quantum resistant blockchain and algorithm. Apollo is the first cryptocurrency to launch a national currency platform and host a national currency. It’s also starting a mass adoption crypto-friendly world bank.

As the world’s most feature-rich cryptocurrency, Apollo offers advanced technologies such as sharding, Apollo updater, Apollo atomic swaps, adaptive forging, node synchronization, and more. It also provides the fastest cryptocurrency transaction speed from sub-seconds to two seconds block-time. APL has some of the most significant use cases, including government and commercial, uses up to national bank levels.

The APL technology allows anyone to create an advanced token in seconds without complex code. Holders can send private and public transactions via encrypted messaging, private ledgers, IP masking, etc. In the future, Apollo plans to feature the world’s first Dapps infrastructure with limitless storage. Here’s the best exchange to buy it.

Gold Secured Currency (GSX)

Gold secured currency is from Apollo Fintech and hosted on the Apollo Blockchain. Therefore, it’s the only Quantum secured stable coin running on a Quantum resistant blockchain and algorithm Quantum Steel. Since it runs on the Apollo blockchain, it features all the technological factors as Apollo. These include; sustainability from first database sharing, security, speed, Quantum resistant wallets, launching mass adoption of the crypto-friendly world bank, etc.

GSX is a stable coin backed by gold and gold-rich land- this makes it redeemable for its gold value. As a GSX holder, you receive a yearly dividend and full ownership of trusts. Investors of GSX are the trust beneficiaries and legal owners of land rights, mining companies, and all mining assets.

As an investment, the GSX value is continually increasing due to the increase in its land and gold backing. The value further increases when 50% offered not sold in the CDE gets burned with the value moving to existing GSX. GSX combines the best elements of a stable coin, cryptocurrency, and investment coin. As the only currency that continuously grows in asset value, it’s way ahead of its counterparts in advancement. Here’s where you can buy GSX on presale with as much as a 50% bonus.

Stellar Lumens (XLM)

Stellar is a distributed payment infrastructure that seeks to reinvent the transfer of money and assets. It was founded in 2014, focusing on fast and affordable cross-border transactions. In 2015 Stellar replaced its software with a custom build alternative known as Stellar Core that uses the Stellar Consensus Protocol algorithm. The protocol is based on a consensus method known as the Federated Byzantine Agreement.

Stellar Consensus Protocol doesn’t require nodes to mine blocks; instead, it allows nodes to vote on transactions until quorums are reached. Furthermore, the nodes can serve as watchers or validators. The network has Stellar Anchors, which are entities that accept deposits of currencies and assets on Stellar.

Unlike its main competitor Ripple, Stellar focuses more on individual needs as opposed to corporate and large institutions. Stellar enables users to make easy and affordable international payments and conduct quick transactions between different currencies. The network also acts as a platform for the launch of ICOs.

Nano (NANO)

Nano is famous for charging no fees for sending or receiving cryptocurrency and its light protocol. Nano doesn’t use a typical blockchain where all nodes have to store information. Instead, it uses a block-lattice system, where each account is responsible for its blockchain. Since each individual is accountable for their block history and account chain, the transaction happens very quickly.

Furthermore, the removal of competition for miners to add to the next block ensures that the Nano network uses as little energy as possible.

A Nano holder only has to store the latest block with the account chains balance saving on the massive space usually required to store transaction histories.

Cardano (ADA)

Cardano has a unique two-layer structure built from a scientific philosophy, and peers reviewed academic research. Cardano is a smart contract platform that offers scalability, sustainability, and security in its layered structure.

The principles, engineering practices, and philosophies applied during the creation of Cardano came up with two layers. In a bid to separate accounting and computation, one layer is the Cardano Settlement Layer (CSL) for conducting transactions. The other layer is the Cardano Computation Layer (CCL), which runs blockchain apps.

EndNote

As a cryptocurrency enthusiast or investor, when buying cryptocurrency, you’re investing in its technology. The future of any coin is dependent on the sustainability of its technology. Any investor who understands the industry recognizes the importance of research before investment. New cryptocurrencies can look promising and sound exciting at first glance but end up not being sustainable in the long run. So before taking any significant steps, make sure you have in-depth information on the technologies involved.

Source: https://bitcoinerx.com/opinion/top-five-most-advanced-cryptocurrencies/

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US Survey: Only 1 in 4 Adults Know What Blockchain Is

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Conducted by LA-based digital media consulting company Vorhaus Advisors, the “Untapped Opportunities: Games, Virtual Goods, and Blockchain” survey found that only one out of four American adults have somewhat of an understanding of what blockchain is. 

The survey also revealed that almost two-thirds of the participants think blockchain is synonymous with digital currency, with 48% believing that “blockchain is the same as Bitcoin.” Only 25% have used blockchain products and services for American adults aged 18-34. The survey aimed “to assess the level of interest in blockchain-enabled features in games.”

The survey results show that even though there has been growing mainstream use of digital currencies, most Americans still have no basic understanding of blockchain technology, which is sad because the true power of Bitcoin lies in its blockchain.

Online Gaming and Blockchain Technology

As the coronavirus pandemic has made people stay in and work from their homes, the online gaming industry has grown tremendously, with 50 key global markets reporting an increase of 63% in the year 2020 alone. Due to lockdowns, digital downloads in France rose by more than 180% and digital sales increased by142.8% and 174.9% in Spain and Italy, respectively. Paytm Online gaming portal users also increased dramatically as Paytm First Games reported a growth of 200% and Gamerji 50%. 

In the same way, users are opting to use digital currencies for online gaming and Bitcoin is a popular choice. Furthermore, the Vorhaus Advisors survey found that 51% of gamers want to earn revenue from online gaming and 63% will play more games if they can profit from them. This can happen through the Bitcoin SV blockchain, which has its own BSV tokens that they can trade online. 

With the increase in users, online gaming is generating a massive amount of data, and the Bitcoin SV blockchain is well-equipped to handle large-scale data due to it having unleashed unbounded scalability. This means that Bitcoin SV is continuously scaling its blocks to accommodate higher volumes of data. And this is why more and more online gaming platforms are choosing to use Bitcoin SV for their blockchain needs. 

Blockchain technology continues to become known as a stable and innovative technology that many industries can use. Bitcoin SV has even conquered Dubai as it took center stage in what is known as the world’s most prestigious investment summit, where even members of royal families are present. The next Bitcoin SV conference will be held in Zurich, Switzerland this year. With these global summits and conferences, soon, the entire world will understand the power of blockchain technology.

Source: Platodata

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Microstrategy Buys Additional 205 Bitcoin (BTC) for $10 Million

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MicroStrategy, a business intelligence firm,  has announced buying 205 Bitcoin for another $10 million. The company’s latest Bitcoin purchase makes the total holding amount 91,064 BTC. This is the fourth time this year, the company had purchased Bitcoin. Previously, it bought 328, 295, and 314 BTC for $15 million, $10 million, and $10 million respectively.

MicroStrategy Continues With Its Bitcoin Buying Spree

MicroStrategy said it purchased the 205 BTC for $10 million in cash, at an average price of about $48,888, inclusive of fees and expenses.

As of March 5, MicroStrategy acquired 91,064 Bitcoins for almost $2.2 billion. Over time, the valuation of cryptocurrency holdings has grown dramatically with over $4.4 billion at the time of writing.

READ  The Largest Cryptocurrency Has Died for More than 300 Times?

MicroStategy’s Bitcoin buying spree has resulted in a positive valuation for its shareholders with its stock up over 300% in the past six months. In fact, the stock prices of MicroStrategy have risen faster than the price of Bitcoin itself.

Despite this, the stock price of MicroStrategy did experience a pullback in recent weeks owing to its business results. At the time of writing the shares of MicroStrategy is down by 11%.

Additional 205 Bitcoin for $10 Million 

Bitcoin’s price had been hovering above $48,000 on March 5 after MicroStrategy’s announcement before quickly losing momentum.

The cryptocurrency’s price did fell overnight to as low as $46,500 after having climbed to nearly $51,000 in the previous day. The selloff in the crypto market comes alongside some panicked action in the stock market, and rising bond yields.

READ  CryptoQuant CEO Says Coinbase Bitcoin Outflows Signs of Bullishness

Despite this, the cryptocurrency has gained 65% this year after quadrupling in 2020. Institutional demand and corporations have been a big driver of Bitcoin’s price gains over the past year.

On Feb. 21, the leading cryptocurrency had hit an all-time high of $58,640 Feb. 21. With its continual rally, the cryptocurrency’s price did fall down to a low of $43,343 last week, representing more than a 25% correction. The digital currency is currently around 19% below its all-time high.

#$10 million #205 BTC #Bitcoin #Michael Saylor #MicroStrategy

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Source: https://www.cryptoknowmics.com/news/microstrategy-buys-additional-205-bitcoin-btc-for-10-million

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Revenue Report: XTRA’s T17 ASICs Are Mining In A Canadian Hosting

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FRUITLAND, ID, March 5, 2021 – OTC PR WIRE – XTRA Bitcoin Inc, (OTC Pink: CBTC) announces today to received 37 new ASIC T17 55 TH/s miners at their RINK facility in Manitoba, Canada in April 2020. Due to Covid-19 pandemic, Canada closed the border and XTRA’s American staff was unable to enter Canada to perform installation and deployment. As this was originally seen as a temporary measure, XTRA waited. When Canada extended the restrictions to the 3rd and 4th Quarters of 2020, with no end in sight, XTRA arranged to have their miners hosted in a third-party facility. XTRA signed a 6-month hosting agreement and paid the electrical deposit in December 2020. Host installed the miners and began mining on December 21, 2020.

Initial Testing of new miners revealed 4 defective miners, each containing 3 failed hash boards. Initial hash rate achieved was 1.673 PH/s with ongoing chip and power supply equipment failures reducing performance to 1.0215 PH/s by February 25, 2021. XTRA is sourcing replacement power supply units (psu) to restore performance.

Bitcoin revenue for 2 months of mining thru February 25, 2021 is 0.612325 bitcoin.

XTRA is working to raise capital and increasing its mining capacity. We will be engaging an attorney, accountant, and auditor to prepare a Reg A offering to raise funding to develop our facilities and increase our mining hash-power. We expect attorney letter to be completed next week to bring OTC to PINK current reporting.

XTRA Bitcoin Inc has moved its office to 912 Bobwhite Street, Fruitland, Idaho 83619 and installed a new telephone number: 1-208-452-4566.

Our discussion may include predictions, estimates or other information that might be considered forward-looking. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this presentation. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. You should also review our most recent filings for a more particular discussion of these factors and other risks, particularly under the heading “Risk Factors”.

If you would like more information about this topic, please call Paul Knudson at 1-208-452-4566, or email paul@xtrabitcoin.com., www.xtrabitcoin.com Twitter: @xtrabitcoin

SOURCE: XTRA Bitcoin Inc.

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Source: https://otcprwire.com/revenue-report-xtras-t17-asics-are-mining-in-a-canadian-hosting/

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“I See DeFi as The Future of Finance” — Dohyun Pak, CEO and Co-founder of Bifrost

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@edward-moonEdward Moon

Senior product designer / cryptocurrency investor

Prompted by the quick roll-out of the vaccine against COVID-19, blockchains are taking over the world with giant steps. From business to governmental institutions, the number of enterprises that finally went in favor of blockchain never ceases to impress. In the view of increasing trust in Bitcoin, the world’s largest decentralized currency, blockchain may catch even more attention, even if not all authorities are convinced by its straightforward benefits just yet.

Despite the advantages on both industrial and societal levels, blockchains still remain a nascent technological trend not fully deprived of its short-offs. Such, for instance, is the fragmented nature of the blockchain market, that does not provide possibilities for a full-blown scale-up.

Another one is a way too rapid pace of change, which is sure to leave behind many of the dominant projects in a few years’ time. This leaves entrepreneurs extremely cautious regarding their choice of blockchains, as their choices rely on the whole future of the project. In order to build something long-lasting, the businessmen need a guarantee that this technological trend will withstand the trial of time and won’t go into oblivion each time as the new, better-equipped blockchain rises on the horizon.

An Interview With The CEO and Co-founder of Bifrost

In view of all this, the Bifrost platform integrating the technological foundation that merges all existing blockchain into one. The platform will support multichain DApp development mainly tailored to DeFi applications for the time being.

I was excited by the opportunity to exchange opinions with Dohyun Pak, CEO and Co-founder of Bifrost. I prepared a set of intriguing questions. We tried to envisage how the year ahead of blockchain will look like, while also delving deeper into the functionality of the technology, which makes many entrepreneurs scratch their heads.

Edward Moon: Hi, pleased to host you as a speaker. Could you please share with me your outlook on 2021, and what do you think is in store for blockchain technology?

Dohyun Pak: I believe we may be in the due process of critical changes on an industrial scale. Among them, I believe that the multichain technology will prove itself to be paramount in the current year of 2021. Until now, different blockchain protocols have functioned independently and demonstrated that there was no solution in allowing users to use various blockchains simultaneously. Multichain will present opportunities to increase the scalability of the blockchain ecosystem, provide interoperability between a myriad of blockchains and give flexibility to developers and users when using DApps or DeFi. 

Edward Moon: Lately, blockchain has proved itself as an indispensable part of healthcare during the latest round of vaccine distribution; what other industries could take immediate advantage of blockchain, and how covid-19 could spur their adoption rate?

Dohyun Pak: Finance is an industry that can immediately take advantage of blockchain. I see DeFi (Decentralized Finance) as the future of finance because DeFi can solve problems that traditional finance cannot solve. There are 5 features that make DeFi the future of finance.

Firstly, DeFi is a service for all. To use DeFi, all people need are smartphones and the Internet. Secondly, DeFi is a service without borders. This means that anyone can use DeFi anywhere in the world. Thirdly, DeFi is a service that has strengthened security because it is based on blockchain technology in which anyone can check the transactions at any time. Fourthly, DeFi is a service without government. Interest rates are determined by the supply and demand of the market.

Lastly, DeFi is a service with plug & play. To use DeFi, people do not have to go through massive amounts of documents, but instead, go through simple, easy steps. DeFi has these characteristics because it is built on top of blockchain technology. 

Before the spread of COVID-19, people went to banks to create accounts or directly meet the tellers to use certain financial services. As COVID-19 spread around the world, most financial services started to conduct through mobile phones, and fintech companies are leading changes in finance. DeFi will improve financial services from fintech using blockchain. For example, not only will it strengthen security, but it also reduces transaction costs because DeFi has no need for middlemen. 

Edward Moon: How do you feel about the progress made in the DeFi space so far? What would you say is the main obstacle on its way to becoming the global mass movement, and what supportive steps could be taken for it to become one?

Dohyun Pak: In my opinion, DeFi is the last stage of the financial revolution. Although DeFi will not replace all the traditional finance, services that require security and lowering transaction fees will be improved by DeFi.

I am excited to see the rapid growth of DeFi; however, this is just a start. There are limitations to current DeFi services. The biggest limitation is that DeFi services are restricted under a single blockchain protocol so they cannot use features of different ones. For example, DeFi services under Ethereum cannot interact with other services on different networks. In order for DeFi services to truly become the next generation of finance, it would have to adopt a multichain technology to lower gas fees and allow interactions among different blockchain protocols. 

Edward Moon: How far can the popularity of the multi-protocol platform go, and would other players be prompted to follow your example?

Dohyun Pak: There has been a buzz on projects that connect different blockchain networks such as Polkadot and Cosmos. However, no actual project has proven such a feat of multichain technology. So, we developed BiFi to prove this, and if multichain technology operates with the flow, BiFi and Bifrost will then most likely be mainstream.  

The demand for a multichain middleware platform will increase as the blockchain and DApp industry grows. Currently, DeFi users are paying high gas fees because most of DeFi services are operating on top of a single blockchain. If gas fees continue to rise, then no one will use DeFi. Restrictions under one blockchain are not just a problem for DeFi, but also other types of DApps. 

Bifrost is a solution that can solve these issues of DeFi and DAppshave. As a multichain middleware platform, Bifrost will not only connect different blockchain networks but also give choices for developers to choose different blockchain networks for their own DApps. Bifrost will be the paradigm of multichain. 

I saw that your platform came up with two native tokens – BFC and BiFi. How would you describe the difference between them, and in which way is the value of one interlinked with the other?

BFC is the currency of the DApps in the Bifrost Multichain Ecosystem. Developers pay BFC for using the multichain middleware to develop and operate their DApps. BiFi is the governance token of BiFi service. As BiFi is the first DApp to be powered by Bifrost’s multichain technology, BiFi will need to pay BFC to Bifrost as a multichain service fee.

Edward Moon: With more than 35 existing partners, how far are you planning to take your blockchain network? Is there any plan of how you want your project to look on the scale of 2-5 years?

Dohyun Pak: First, I would like to clarify that Bifrost does not have a blockchain of its own, nor is it an exclusive ecosystem. It is a multichain middleware platform that connects different blockchains. Our current goal is to develop our own DeFi project utilizing the power of Bifrost, and support the project of our partners, to ultimately provide seamless interactions with the greater blockchain ecosystem. 

In Q4 2021, we plan to release the Bifrost Suite, a development platform tailored for DeFi. Bifrost will attempt to create a decentralized infrastructure that connects the fragmented markets. Using Bifrost, DApps, and DeFi projects will be able to choose their target blockchains that allow for seamless connections among all blockchains.

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Source: https://hackernoon.com/i-see-defi-as-the-future-of-finance-dohyun-pak-ceo-and-co-founder-of-bifrost-934×3517?source=rss

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