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Virtual currency is secure and efficient because it does not depend on some central authority that can be mismanaged or corrupted. Instead, the decentralized nature of most cryptocurrrencies allows transactions to occur in a completely trustless environment. In a nutshell decentralized digital currencies are returning economic power to the people.
In spite of the refusal of the crypto market to head due north unrelentingly this year, there are crypto projects that have proven themselves in the midst of the 2018 bearish fog. Tron (TRX) Verge (XVG) Dentacoin (DCN) and Quantum (QTUM) are 4 such promising altcoins that duly deserve a closer look.
Vergecurrency is a cryptographic project that provides privacy solutions for digital currency aficionados. By adopting multiple anonymity-centric networks such as i2p and Tor, it improves upon the original Bitcoin Blockchain.
Brought to fame early this year when it partnered with popular adult site, PornHub, XVG network is designed in a user friendly way with a fast and flexible ecosystem that is wholly anonymous. Verge (XVG) has been able to acquire a large community and several partners as a result of its fundamental value and development projections.
You can be sure that if and when Bitcoin (BTC) uses up its lifespan and is escorted off the number one position another coin would be needed to occupy the position. From all indication, Verge (XVG) could be that currency as it has displayed a tenacity that has seen it get listed and adopted by many vendors and exchanges.
The fact that more people are becoming privacy conscious is a definite plus to this crypto project as its community and team continue their march towards mass adoption it is not forgetting its position as a privacy-centric currency for everyday use.
This is another crypto project whose force and drive is a breath of fresh air in the cryptospace. Tron (TRX) is focused on decentralizing revolutionizing the web especially when it comes to entertainment industry and the project has been increasing its TPS to make this a reality.
Tron (TRX) acquisition of BitTorrent, a P2P networking platform and its over 100 million monthly users and its recent partnership with Baidu is a testament of Tron’s desire to be a don in the cryptospace.
Considering that Baidu can be referred to as China Google as it is China’s largest search engine. Tron’s (TRX) ability to effectively maximize this partnership with Baidu would secure its anchor in the territory and inevitably the Asian market. The moment Tron (TRX) can dominate the Asian Market it would be easy to expand the project’s reach to Africa.
Aside launching the dApp Accelerator Program, Tron (TRX) also plans to host a big niTROn summit as soon as 2019 rolls around. The summit has numerous key players scheduled, the likes of Blockchain managing partner, Sam Harrison, nWay CEO Taehoon Kim, NBA player Kobe Bryant ,Kiip’s CEO Brian Wong and Tim Byun CEO OKCoin USA amongst others.
It is a proof of this Tron’s (TRX) appeal that has seen it move to the 10th position by market cap while Monero (XMR) and Cardano (ADA) trail after it.
In the same way lot of crypto projects followed Bitcoin’s trail with the goal of improving what already exists and fight current issues, Qtum (QTUM) also entered the digital currency industry.
From a technological standpoint, Qtum (QTUM) is one of the strongest blockchain in the market today as it combines the best of Bitcoin (BTC) and Ethereum (ETH) to develop a next-gen blockchain for developing decentralized applications.
Developed by Singapore based Qtum Foundation, the crypto uses the Bitcoin unspent transaction output (UTXO) model with a proof of stake consensus and the Ethereum Virtual Machine functionality.
Qtum (QTUM) is part of the first network in the crypto space that is compatible with other blockchains including Bitcoin (BTC) and Ethereum (ETH). With the recent launch of its X86 virtual machine, the Qtum’s VM offers developers the freedom to contribute code and applications by being able to use a wider range of programming languages. To enhance its relevance in the market, Qtum provides a wide range of developer tools and kits, making it easy to connect with other ecosystem.
As evinced by its partnership with Spacechain, a fully functioning space based Qtum node was launched into orbit in Nov2018 telling you that this crypto project has lots to offer and only the tip of the iceberg has been seen yet.
@SpaceChain has launched another blockchain node into space! This is the first fully functioning space-based #Qtum blockchain node that can perform multi-signature transactions & run smart contracts in space. Watch it orbit the earth in real time! https://t.co/FgBWiFOBy1
— SpaceChain Foundation (@SpaceChain) November 9, 2018
Qtum (QTUM) also aims to use the oathprotocol to ensure the integrity, fairness and transparency of governance and conflict resolution within the Qtum chain and its ecosystem.
Its compatibility with additional gateways will ensure that Qtum (QTUM) adoption will grow naturally as long as there is demand for digital currencies.
Dentacoin (DCN) is a blockchain powered decentralized dental platform targeted at leveraging the characterisics and properties of the blockchain to provide efficient and low cost global dental solutions.
According to Jeremias Grenzebach, the Dentacoin co-founder, being the first blockchain solution for the global dental industry, Dentacoin’s goal is to shift the focus from sick care to preventive care and thereby create a new dental ecosystem through an industry specific digital currency, an intelligent Assurance model and a set of incentivized software tools.
Dentacoin (DCN) which is termed the bitcoin of the dental world has been able to progress on its development roadmap with the Dentacoin Trusted Reviews, the DentaVox, Dentacare and the Dentacoin wallet app.
The demonstration that the Dentacoin tools are already being used by over 80,000 individuals and 1800 dentist globally shows how viable this project is as 84 dental offices, suppliers, labs accept Dentacoin (DCN) as an official means of payment. This project is not halting its momentum as it has taken giant stride into Africa.
🌍 We are excited to announce a new landmark addition to the Dentacoin Network with Africa’s first partner dentist – Dr. Jackson Mboya who started accepting Dentacoin as a means of payment in his Omega Dental Care Clinic in the Dar es Salaam area Tanzania.https://t.co/fcD2h6dzSg
— Dentacoin (@dentacoin) December 12, 2018
With its integration into the NetCents payment gateway you can be sure that the reach of Dentacoin (DCN) just keeps on increasing.
Jack, the Jack-of-all-trades, is a full-time contributor to TODAY'S GAZETTE. Jack jumped into writing through a friend and now doing excellently. Through the years, he has contributed his voice in covering current events and political issues.