How Adirize DAO, Ethereum and Dogecoin Are Changing the Way Crypto Works.
Since the release of Bitcoin (BTC), the crypto market has remained relatively the same, with most altcoins aiming to replicate the enormous success of Bitcoin. Due to this, not many new or innovative currencies have come out. However, there are new cryptocurrencies like Adirize DAO (ADI), Ethereum (ETH), and Dogecoin (DOGE) that are changing the way the crypto market works with new and innovative ideas that may revolutionise the world of crypto.
Ethereum Merge and Its Fight Against Climate Change.
Ethereum (ETH) was created in 2020 as an altcoin. It was made after Bitcoin, inspired by the crypto revolution. The coin created its unique blockchain and reached 2nd place on Coin Market Cap. However, due to its popularity, Ethereum became increasingly mined as time passed. The original mining method used by Ethereum was the proof-of-work method. This method required miners to solve a complex maths problem, to add blocks onto the blockchain and, therefore, be rewarded for one Ether block. As many people were trying to mine Ethereum, the problems became increasingly harder to solve, making people purchase super-intelligent computers to do it for them.
However, these computers take up a lot of energy and harm the environment. Ethereum noticed this and decided to make a change. The cryptocurrency changed its mining method over to proof-of-stake instead. This method uses investors to validate the new blocks instead, making Ethereum release 99% fewer carbon emissions. This change is enormous and will potentially revolutionise and change other significant cryptocurrencies like Bitcoin's mining systems.
Dogecoin (DOGE) is making waves.
Dogecoin (DOGE) was created in 2013 as a lighthearted response to Bitcoin. The coin began to gain popularity around 2020-2021 after billionaire Tesla CEO Elon Musk responded to the Dogecoin Twitter team's tweet in 2019 and continued to respond in the following years. Dogecoin became popular as it became a meme shared all over the internet.
Dogecoin had become so famous for being different and a meme coin that other cryptos followed suit, with cryptocurrencies like Shiba Inu (SHIB) being created and being eerily similar to Dogecoin. The appeal of Dogecoin lies in the fact that it was made to be a joke, and people on the internet love a good joke. Therefore, becoming a sensation and reaching number ten on Coin Market Cap shortly after gaining popularity.
Adirize DAO (ADI) Could Be the Way Forward for Crypto Transactions.
Adirize DAO is a stablecoin that will be released in the future. Unlike other stablecoins, Adirize DAO wants to be completely decentralised and not have any form of a third party linked to the currency of its investor's money. The US dollar is the primary backing for stablecoins, with a market value of $186.4 billion. The Federal Reserve is in charge of the dollar's monetary policy, but the United States regulates the exchange rate. Therefore, declining fiat currencies have a significant impact on cryptocurrency prices. As fiat currencies can change with economic difficulties, political difficulties and wars, having them back something known as a "stablecoin" seems strange.
This is why Adirize DAO wants to be a completely decentralised stablecoin. The decentralised reserve ADI currency (From Adirize DAO) intends to wean the cryptocurrency markets from their unhealthy reliance on US dollars. As opposed to being a currency tied to the dollar, ADI's function is to act as a store of value. This could help change all centralised stablecoins and enable them to become decentralised and a more secure way to use your money in the future.
To Summarise
Ethereum, Dogecoin and Adirize DAO are all trying to revolutionise the cryptocurrency market. After a stagnant period where similar cryptocurrencies were being released, these three coins decided to implement change that would change the market and give it a fresh new look and more prospects for the future.
Adirize DAO (ADI)
Presale: http://join.adirize.com/
Website: http://adirize.com/
Telegram: https://t.me/AdirizeDAO_Official
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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.