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Filecoin is widely recognised as an open-source, public cryptocurrency and digital payment system. It is intended to be a blockchain-based cooperative digital storage and data retrieval method. Filecoin, made by Protocol Labs, is an open protocol and backed by a blockchain that records commitments made by the network's participants, with transactions made using FIL, the blockchain's native currency.
Theta is a blockchain-based network created in 2018 specifically for video streaming. Theta mainnet is a decentralized network where users exchange bandwidth and processing resources on a peer-to-peer blockchain network. The objective is crystal clear – to upgrade the video streaming industry by improving streaming quality and making it more efficient and cost effective.
Co-founded in 2014 by Sergey Nazarov and Steve Ellis, Chainlink has emerged to become the first to connect to off-platform sources to integrate data into smart contracts. Both the co-founders have a profound experience with decentralized systems. As Chainlink is a dominant force in a growing market, you can trust this investment blindly.
Internet Computer (ICP) is a crucial utility token that allows users to participate in and govern the Internet Computer blockchain network. The network is such that it aims to help developers create websites, enterprise IT systems, internet services, and DeFi applications. What is interesting to note is that ICP can also be staked or "converted into cycles" that can be used to power computation for dApps and traditional applications.
BitTorrent is a popular peer-to-peer distributed communication technology that allows huge, in-demand data distribution. This advance technology eliminates the need for maintaining a central server. Additionally, the BitTorrent protocol allows software endpoints (called "clients") to work together to ensure reliable simultaneous distribution of huge files to several clients, reducing dependency on any weak point (such as a server connection).
Uniswap is an Ethereum token that powers Uniswap, an automated liquidity provider that's designed to make it easy to exchange Ethereum (ERC-20) tokens. There is no orderbook or central facilitator on Uniswap. Instead, tokens are exchanged through liquidity pools that are defined by smart contracts.
The second largest cryptocurrency by market capitalisation has seen a massive surge in its value over the course of time – as high as about 800% in the last year. The role played by this cryptocurrency in expanding decentralized finance (DeFi) is worth a mention for it turns out to be the major reason as to why Ethereum is widely accepted and heavily invested.
Decentraland, a 3D virtual reality platform, has gained popularity for all the right reasons – this is where users can create and monetize content and applications. Decentraland is based on the Ethereum blockchain and aims to establish a network owned by its users and provides an immersive experience. The platform is a shared metaverse where users can purchase virtual plots of land
Polkadot is yet another cryptocurrency that won't disappoint you at all if you are looking for decent returns. Its very ability to seamlessly connect all heterogeneous blockchain networks is the reason why there are hundreds of projects being built on the Polkadot ecosystem.
Cardano is that one digital currency that has seen impressive growth in its value over a period of time. The fact that Cardano cuts down transaction time and energy consumption deserve a special mention.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
