Polkadot (DOT) – a dependable sharded multi-chain project
- Rank: 11th
- Capitalization: $6.66 billion
- Price: $5.29
- Volume: $94.6 million
Polkadot, and its native token DOT, are an open-source protocol that provides users with a sharded multi-chain solution. The project was developed to engage a network of unique blockchains, enabling them to transfer data and digital assets. In simpler terms, Polkadot delivers interoperable blockchains. The platform was developed to provide a foundation for Web 3.0 technology.
From a technical standpoint, Polkadot is a layer zero metaprotocol since it defines a format for a layer one protocol known as parallel chains or parachains for short. The metaprotocol ensures the forkless upgradation of the codebase through governance measures i.e., the DOT community serves as decision makers on the platform. Part of Polkadot’s prowess involves the capacity to connect private and public chains, permissionless networks, and oracles. The trustless transmission of information is why the project has been a resounding success.
Moreover, Polkadot is divided into four components, starting with the Relay Chain. Deemed the “heart” of the system, the Relay Chain lends consensus and interoperability to Polkadot. The system also connects independent chains called Parachains (use cases) and Parathreads (pay-as-you-go model). Finally, Bridges are used to link the chains, allowing cross-chain communication.
VeChain (VET) – an industrial-level solution
- Rank: 34th
- Capitalization: $1.67 billion
- Price: $0.0193
- Volume: $35.3 million
VeChain is a versatile enterprise-level layer one platform for smart contract execution. The project was unveiled in 2015 as a private consortium chain and was involved with organizations in the service of blockchain technology. Two years later, the platform began its transition to a public blockchain with the ERC-20-compliant token VEN. The process reached fruition in 2018 when VeChain’s mainnet was launched with the ticker VET.
Furthermore, VeChain implements the Internet of Things (IoT) and distributed governance measures to resolve data issues with its exhaustive ecosystem. The outcome is a product that caters to a wide range of industries, whether it’s medical, energy, or food. By utilizing the potency of trustless data, VeChain has firmly positioned itself at the spine of the fourth industrial revolution, which is underpinned by sharing of trustless data in real time.
VeChain has two tokens: VET and VTHO; the former generates the latter. The project is helmed by Sunny Lu, an IT professional previously employed by Louis Vuitton China. Lu has garnered eminence in the cryptocurrency industry, primarily because of his work on trustless business structures. Lu is joined by Jay Zhang, a former employee of accounting firms like PriceWaterhouseCoopers and Deloitte.
Big Eyes Coin (BIG) – a potential game changer
The foremost tokens in the cryptocurrency market have gained their standing because they provide something different. Now that legacy tokens like Bitcoin, Ethereum, and others have taken a substantial hit, courtesy of the summer 2022 crash, the market is in desperate need of a savior. Enter Big Eyes Coin (BIG).
The community token is being hailed for its system, which allows users to move money into the decentralized finance space. Besides funneling funds into the DeFi ecosystem, BIG will ascertain that a portion of every single transaction is used for preserving the world’s oceans. Token holders may use non-fungible tokens to enjoy special content and games.
BIG’s makers have supplied 200 billion tokens, 90% of which were available at launch. 70% were listed on presale, and another 20% could be found on various exchange platforms. The final 10% is divided equally between charity and marketing.
How to buy
Has Big Eyes Coin piqued your interest? The MetaMask app will enable you to make a purchase with either Ethereum tokens or a bank card.
For more information on Big Eyes (BIG), you can visit the following links:
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.