Today, cryptocurrency is the hottest topic in the world of money. It’s a new way to make transactions, store wealth and pay for things. Cryptocurrency has emerged from being just an esoteric idea discussed only by those hardline techno-libertarians who are uninterested in “real world” currency systems.
There are more than 17,000 different cryptocurrencies, with more coming online continually. However, Big Eyes Coin (BIG) , Chiliz (CHZ), and Monero (XMR) are some of the best cryptocurrencies predicted to skyrocket in the future.
Chiliz (CHZ) – Digital Currency for Sports Tokenization
Running on the Ethereum blockchain, Chiliz (CHZ) is the world’s first exchange for sports allowing traders to speculate and trade Fan Tokens. Its ultimate goal is to create a unique experience for sports fans by giving them ownership and control over their favorite teams. In addition, this protocol allows fans to affect the end of their favorite sports team by having a say in their direction and what they need to improve on. Without Socios, there would be no CHZ token. Socios is a full-featured ecosystem for fan tokens.
Its website and mobile apps allow users to purchase NFTs, trade them with users, earn them in contests and exchange them for team-branded merchandise and benefits. Socios offers branded NFTs for more than two dozen sports and esports teams, with more on the way. Fan tokens are verified and created on the Socios sidechain through a unique consensus mechanism called the Proof of Authority (PoA) consensus algorithm. PoA operates differently than other algorithms, which includes Proof-of-Work or Proof-of-Stake, instead relying on a smaller number of approved verifiers rather than a distributed network of anonymous nodes to uphold the truthfulness of the network.
Big Eyes Coin (BIG) – Community Meme Coin
A goal-driven protocol geared toward improving Decentralized Finance (DeFi), metaverse, and NFTs. Designed on the Ethereum blockchain, Big Eyes Coin (BIG) will operate as a decentralized app, making it more of a token than a coin. Its ultimate goal is to unite people as a community and create value for users through inherited DeFi avenues available on Ethereum.
Big Eyes Coin (BIG) is bringing an exclusive NFT club called Sushi Crew, and the team has claimed that the project aims to be among the top NFTs and planning rewards for their NFT holders. Apart from being cute art pieces, these NFTs will also serve as access passes for holders. This platform offers features that create it special among thousands of tasks in the crypto space. For example, it will donate 5% of its entire tokens to charity and run its crypto task towards delivering answers to life-threatening situations.
Monero (XMR): Next Level Transaction Security
Monero (XMR) is a secure, private, untraceable currency. It is open-source and freely available to all. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. In addition, this is the first cryptocurrency to implement Ring Signatures in proof-of-work systems. Ring Signatures are a new method of ensuring the privacy and integrity of Monero transactions. Additionally, Monero (XMR) promises to be a scalable solution. The potential number of transactions that can be made per second is novel to the crypto industry.
The Monero blockchain will be able to handle a large volume of confidential transactions every second without any proportionate increase in energy consumption. Monero (XMR) is mainly used for payments and has a limited market. Monero (XMR) offers more privacy than any other cryptocurrency. Monero (XMR) is known for privacy-enhancing and focusing on censorship-resistant transactions. Unlike transparent and selective alternatives, Monero (XMR) is the only cryptocurrency that uses RingCT, invisible address, and ring signature technology. Moreover, it is the only cryptocurrency that defaults to anonymous users.
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