Aside from Bitcoin, various crypto projects have played an important role in developing the crypto sector. Two good examples are NEAR and MATIC.
NEAR is a protocol designed to be a direct competitor to Ethereum. The platform focuses on creating user-friendly dApps. It has a native token, NEAR, that users use to pay for transactions and storage space. It uses proof of stake consensus mechanisms with sharding to ensure scalability.
NEAR Protocol has focused on being user-friendly and developer friendly. It uses human-readable account names instead of letters and numbers and allows users to interact with smart contracts and DApps without a wallet address.
Some notable projects on NEAR are Mintbase, an NFT minting platform, and FLUX protocol, which lets developers create markets based on real-world events, commodities, assets, and more.
Polygon (MATIC) is a crypto and technology platform launched to bring scalability solutions to Ethereum. Its native token is MATIC and is used for governance on Polygon. MATIC is also used to pay transaction fees, and anyone can buy MATIC on public exchanges.
Polygon is a layer-2 solution that runs on top of Ethereum. As its name suggests, there are many sides to this project. It acts as the framework for more interconnected networks. Its goal is to help Ethereum expand and become more useful to spur developers to create exciting products.
It was initially called MATIC but changed its name to MATIC. However, it retained the name MATIC for its native tokens. Polygon brings scaling via the use of sidechains. These are unique blockchains bound to Ethereum. They can be used to effectively grow the DeFi industry on Ethereum. Various other platforms offer sidechains as a scaling solution; they include Cosmos, Polkadot, and Avalanche.
While MATIC and NEAR protocols have impressive plans for the future, their communities and the world were not impressed enough. MATIC and NEAR have seen their prices drop dramatically during the crypto winter. While they may recover later, they are not doing great right now.
However, one project has defied all expectations. The Oryen Network has been experiencing growth during a time when many big projects are dropping. This can be traced back to its strong value proposition. Those who have read its whitepaper conclude that it is one of the best projects in history.
Once the Oryen Network goes live, its native ORY tokens will see their price spike to unimaginable heights. ORY tokens could be the spark that ignites the crypto market recovery back to the November 2021 levels when crypto coins were hitting all-time highs.
The Oryen Network developers have created a unique staking mechanism that offers a fixed APY of 90%. Thus far, this is the only DeFi project that has been this generous with a backing system for the token. Knowing that the ORY tokens are set to become some of the most valuable tokens in the world, the team also came up with a unique security solution. Holders of these tokens do not need to send them to a centralized smart contract. Instead, rewards are sent directly to their ORY private wallets. As a result, users retain complete control of their private keys.
Oryen Network is a rare gem that has continued to post strong figures, even in the presale phase. For anyone looking for a good crypto project, ORY is the way to go. It offers the opportunity to make real profits in the shortest amount of time.
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
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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.