Due to the documented rise and leaps of progress that blockchain can achieve, cryptocurrency has been revolutionizing the notion of transparency, transaction speed, and security in both technology and finance. Our focus today is to show you the latest industry trends that deserve your attention.
We humans aren’t the only ones who think about and contemplate our life’s purpose. Even cryptocurrency is not exempted from the task. CHANGE, an altcoin, for instance, manages to find its place in philanthropy, by donating 10 percent of its transactions to a charity, which increases its value.
While 1 percent of these 10 percent is dedicated to redistributing their coin to all its holders, the leftover 9 percent will be divided into a half/half ratio, then one half will go to donation while the other half for staking on future developments. You too can invest with Yuan Pay Group App.
According to Edu Patel, Mudrex Co-founder and CEO, The CHANGE token was created five months ago by the company Mudrex, based on the Smart Chain of Binance which led to the development of changing our World. The structure is embedded into the token contract, thus attracting many eyes from across the crypto community. With a huge supply, the token deflates, which ensures that while transactions increase, the token’s value does not depreciate.
Because cryptocurrencies must show their uses beyond simply serving as a value store, many new cryptocurrencies are emerging, such as Chiacoin, which is eco-friendly, anonymous Monero, and Solana, which permits scalable applications to be built. That being the case, CHANGE is yet another means of making the multiple altcoins and blockchain applications be more visible.
Patel, however, still expresses reservations, pointing out that the coin lacks complementing presence and a community, amongst other reasons.
Solana, the new Ethereum Killer
Solana is another cryptocurrency whose disruptive nature is the topic of the day and is also known as Ethereum’s Killer. Since Ethereum’s recent upgrade, different comparisons have risen between the two.
For those who are unaware, the Ethereum upgrade is a permanent change that creates a transparent, predictable transaction fee structure for users. The gas fee, which is the amount required for successful transactions or contracts was determined by miners, meaning users now have to pay more to be included in the next sets of transactions.
To make the fee uniform, the protocol wants to use demand-supply conditions and algorithms. Additionally, part of the fees will be burned during the process, so only the basic fees will be paid. In addition, the platform plans on migrating to Proof of Stake mining for cryptocurrencies, meaning that transactions will be faster, less energy consumed, and improved efficiency.
However, like Mr. Nirmal Ranga, ZebPay VP said Solana is likely to become a key benefactor of cryptocurrency and gain more traction. Currently, Solana performs over1,000 tps, while Ethereum does about 14 though expect an improvement once the fork remains gets seen.
So, users and developers who want a fast, secure, and censorship-free blockchain with open infrastructure for global usage should consider Solana.
Bottom Line
Despite its fast scalability, Solana still has competition in place of new currencies like Cardano, Polkadot, Tezos, and Algorand, because they have not integrated major services like Metamask, Rarible, and BSC into their system. Additionally, Ethereum goes first in the blockchain space, giving it a competitive advantage.
Unlike the underlying solidity, many developers are unfamiliar with Rust, developed by Solana. This means there are many more useful projects that will be developed on ETH than on Solana.
