3,937 total views, 15 views today
Martin Luther King might have been dead for a long time but his revolutionary steps will still be in remembrance. In the same vein, Satoshi Nakamoto, even though faceless, created a system that questioned the continued existence of fiat currencies.
The blockchain technology took a swipe at the financial system; a step that brought about the invention of cryptographic currencies.
Now, they are over 2,000 variations to these coins and each has a delegation. The Tron (TRX), Verge (XVG), and Stellar Lumen (XLM) crypto coins are the focus.
Tron (TRX): Breaking Monopoly of the Internet
Founded by the Singapore-based Tron Foundation, the Tron (TRX) token is an offshoot of the blockchain-based operating system that seeks to invent a new era of the internet. The zeal is to institute a decentralized web where every user has control over the information he shares.
This is coming at a time when monopolistic cyberspace platforms (such as Facebook and Google) “harvest” users’ data for advertising purposes.
With the realistic approach from the Tron Foundation, and with the blockchain, data will be immutable and users will become the CEO of their data and contents.
Beyond that, yesterday, BitTorrent (BTT) token was sold yesterday on Binance launch pad. Over 59 billion tokens was sold out in less than 15 minutes, leaving cryptocurrency pessimists in a surprise.
Verge (XVG) Secures Blockchain Transactions
Cryptographic trades (trading on cryptocurrencies and other digital assets) are the core source of value for the disparate coins. Soon after the Initial Coin Offerings (ICOs), these coins take the next step of securing places in cryptocurrency exchanges. However, there have been incidences of hacks.
To this end, the Vergecurrency (XVG), a privacy-focused cryptocurrency launched to keep transactions untraceable and anonymous.
With such positioning, it will be a hard nut to crack the source of a transaction. While Quantum computers are a threat to the privacy of transactions over the blockchain, it will be a very long time before they gain access to this digital assets.
Stellar (XLM): A Payment Network for the Blockchain
Stellar, an offshoot of the nonprofit Stellar Development Foundation targets facilitated transactions on the blockchain.
It is a popular notion that most cryptocurrencies lack the structure for scalable transactions. The open-source and decentralized protocol introduced by Stellar (XLM) helps in the conversion of fiat and cryptocurrencies.
The coin has a unique pattern similar to Ripple’s XRP. The near-uniformity stems from the fact that they have the same co-founder, Jed McCaleb and offer similar solutions for cross-border remittance.
The overall essence of the coin is to make international payments faster than other traditional payment networks (such as SWIFT and MoneyGram).
Coins worth Hodling: XLM, XVG, TRX
These coins are worth Holding on to Dear Life (HODL) because of their futuristic tendencies. They are also making a good outing in the cryptocurrency market.