In the cryptocurrency world, there are millions of people investing in altcoins besides Bitcoin. Often times, which altcoin to invest in can occupy the minds. In this article, we tried to compile which of the altcoins can be the fastest jumps.
These 3 altcoins stand out
Privacy remains a hot topic in the cryptocurrency space. Because the blockchain is not anonymous, we see increased privacy in many projects. There are many crypto money projects focused on privacy, or in other words, privacy.
So, which of these projects stand out?
Mina Protocol (MINA)
Mina Protocol is a unique protocol with a size of only 22 kb. No matter how much the use of MINA, one of the privacy-oriented altcoins, increases, its size always remains constant. So what does MINA do?
Mina works with zk-SNARKs. Such a working profile means this technology can prove something without providing any insight into what needs to be validated. What can MINA, which we have covered before as Kriptokoin.com, do?
You can run Mina on your mobile phone. This indicates that you are a node.
You can verify long calculations for accuracy.
It has the ability to validate datasets without knowing all the details. These are also zk-SNARKs in action. Mina does not share data even if requested. However, he shares the data proof
Mina has access to real-life data. Almost like an oracle. Mina’s zkApps take care of this. Of course, these are the pluses of MINA. Let’s take a look at the downsides.
What we can see as the biggest of its problems is that it can manage 22 transactions per second. Compared to Bitcoin, which processes 7 TPS, it does well. However, if we look at other coins, we see the existence of Solana with a potential of 50,000 TPS or Sui with a potential of 200,000 TPS.
Another privacy coin: Secret Network (SCRT)
Secret Network is a cryptocurrency project that works like silent builders in the background. It is also one of the privacy-focused altcoins. Secret is also one of the 59 regions in Cosmos IBC. So, Secret has some interesting new and recent updates.
For example, there are the latest network upgrades in the form of Version 1.9. The team calls this upgrade IBC v4 + VRF. Well what does it mean?
Secret Surge: This refers to a DeFi incentive campaign where you can earn up to $4 million in extra rewards while providing liquidity in Hidden Apps. For example, Shade, Blade, SiennaSwap or Secret Swap are part of this DeFi incentive campaign. You can use it until October.
Secret VRF (Verifiable Random Function) functions in the state of an API. It generates random numbers and works cross-chain. For example, it makes NFT printing, gaming or DAOs safe.
Packet forwarding middleware. This makes moving assets or data simpler. You can now route IBC packets with a single operation. You do this across different chains.
IBC emergency button. This can temporarily stop IBC operations. For example, this function comes into play when someone steals funds from an IBC DEX. Needs a multisig address and governance approval.
Secret Tunnel. It replaces legacy bridges for Ethereum and BSC.
Aleph Zero (AZERO)
The last of these privacy-focused altcoins to protect personal privacy is Aleph Zero. This is one of our favorite projects overall. And it’s definitely a favorite among altcoins in the privacy industry. There are several exciting new features on the horizon. All of them have increased confidentiality. So let’s take a look at them.
Tangem: Tangem is a hardware wallet in the size of a credit card. However, an NFC phone is required for use. This technology allows contactless payments. It is open source and does not collect user data.
Signer – A browser extension that helps you manage your private keys. This is not a wallet, but a secret solution.
Dashboard – This app is already live. You can manage your AZERO and related tokens from here. For example, staking, linking, or splitting. That’s why the application has a user-friendly user interface.
Azero ID – Appears as the first custom field system
Liminal 1.0 – Privacy enhancing layer for Aleph Zero with ZK technology. It will be on the market this year. It will be followed by its full version, Liminal 2.0.
Common – Common, a DEX, will be available in 2023. If you stake AZERO, you will be eligible to receive a Common token airdrop.
As you can see, there are 3 fast horses with the 3 altcoin developments we have given above.
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