Everyone can agree that 2020 has seen its shares of ups and downs. Luckily, the global pandemic hasn’t been bad for all industries. In fact, it has pushed digital currencies into the spotlight and increased adoption rates by margins.
Who would have thought it would only take a global pandemic to help the world understand the benefits of blockchain technology and cryptocurrencies. Today, all major governments and corporations have some form of blockchain project underway. Here are some of the most beneficial and advanced cryptocurrencies in 2020.
GSX Makes the top of this list because of its advanced technical aspects and its financially sound strategy. GSX is a stable coin that is pegged to various gold mining operations. These coins represent true ownership of the operations. In fact, any GSX holder can exchange their tokens for gold at any time.
To ensure the transparency of operations, GSX employed various third-party auditors. These auditors review the company’s holdings and make their findings public on the blockchain. In this way, the entire community can verify the company’s financial status.
GSX is also the world’s only Quantum resistant stable coin. In the next decade, quantum supercomputers are going to be at a point where most governments and major corporations can afford one. The problem is that these computers pose a serious threat to the security of transitional blockchains. GSX eliminates these concerns.
Currently, you can only get your hands on some GSX at GSXCDE.com. The platform has discounts going on for early bird investors of up to 50% of the market value.
The Apollo blockchain is the underlying tech for GSX. As such, it provides the market with a variety of advanced features that are exclusive to its blockchain. Currently, Apollo is the only Quantum resistant blockchain in the world.
This futuristic platform provides a new level of convenience to the Dapp development community. For example, Dapp developers gain unlimited storage when they use Apollo. This amazing feature is the result of a new sharding protocol update. Sharding allows the blockchain to compartmentalize data in a more efficient manner.
Apollo was the first Blockchain to add true quantum resistance to its protocols. Additionally, the platform can host ICOs, Atomic Swaps, and much more directly from its interface. In this way, Apollo simplifies the entire blockchain experience.
The best place to find Apollo currently is the popular exchange BitMart.com. This platform offers both ETH and BTC trading pairs to get your investment strategy started.
DigiByte was built from the ground up with scalability in mind. The platform can handle 1066 on-chain transactions per second. This rate is over 40x faster than Bitcoin’s current capabilities. Consequently, users continue to flock to this unique platform.
DigiByte is a perfect example of a blockchain-based governance model that works. The platform eliminates mining centralization through the integration of the Odocrypt protocol. This coding alters the consensus mechanisms algorithm every 10 days. This strategy eliminates the use of high-powered ASIC mining hardware. Consequently, it creates a more balanced mining landscape.
Another aspect of the DigiByte platform that appeals to the masses is its truly democratic and open approach. For example, DigiByte isn’t run by a company, has no CEO, and its developers never get paid for their work. In this way, the platform managed to secure a dedicated and trustworthy community to build on.
Polkadot provides unprecedented economic scalability via the utilization of new technologies. Specifically, the platform utilizes a common set of validators to secure multiple blockchains. Notably, the blockchains remain independent in their governance but united in their security. In this way, the platform enables a new level of transactional scalability by spreading transactions across multiple parallel blockchains.
Polkadot allows developers to create a new blockchain in minutes via its Substrate framework. Also, the platform integrates a sophisticated governance system that gives all stakeholders a voice in the future development of the platform. Crucially, analysts predict the decentralization of the internet as the next major technical upgrade for humanity. Platforms like Polkadot have already positioned themselves for the day that these services go mainstream.
The Huobi token is the native utility token for the Huobi crypto exchange. This token serves multiple purposes within the exchanges ecosystem. Users can purchase monthly VIP status plans for transaction fee discounts, vote on exchange decisions, and gain early access to special Huobi events.
The token also allows users to receive crypto rewards from seasonal buybacks and trade with other cryptocurrencies via trading pairs. While it’s easy to see this token takes many queues from the BNB token, it’s also obvious it has some additional features that make it an attractive alternative for investors seeking another option in the space.
The Dai token is the first stable coin of its kind. This token is pegged to the dollar but backed by Ethereum. To accomplish this task, the developers of this platform simply lock up Ethereum in smart contracts and issue Dai. The entire system works flawlessly because the amount of Ethereum locked up is always greater than the value of Dai in circulation.
Dai is the currency for the MakerDAO lending system. This is the crypto that users borrow and payback. They can also pay fees with this token. Keenly, the token is an ERC-20 coin, so users can store it in any ERC-20 compatible wallet and enjoy max interoperability within the Ethereum network.
The Most Advanced Cryptocurrencies of 2020
These projects exemplify the decentralized nature of the community and are sure to see expansion in 2020. Already, these platforms have established a reputation as premier protocols within the sector. It will be interesting to watch and see how these unique blockchains develop over the final months of 2020. One thing is for sure, this year saw some of the biggest developments to ever hit the blockchain space.