- January 29, 2018
- Posted by: admin
- Categories: Altcoins
We haven’t been able to update our blog for quite some time, but we’re back!
Here are some of our favorite projects for 2018. Bear in mind that we do not look at these projects for speculation value only, but rather for what problems they are solving and what milestones have been set for the year. This is not a financial advice and we’re not financial advisors. Be very careful with your investments and make your own due diligence. We follow the principle of investing only as much weâ€™re willing to lose and we recommend you do the same.
What are some of the altcoins that we like?
In no particular order:
Who wouldn’t love free and equal access to internet users across the globe? Except for big telecom companies, probably everyone would welcome this. As this post is being published before the beta release, then we might eat our words if the beta will be a big gigantic fail. There’s a lot of FUD currently regarding Substratum, but we really hope it delivers on its promise.
Substratum is an open-source network that allows anyone to allocate spare computing resources to make the internet a free and fair place for the entire world. You can access internet from other users on the network. People can use their computers for hosting in exchange for SUB. Users pay for the bandwidth they use. People are eagerly waiting for the beta release, but the development team has pushed the deadlines and it is unclear when the beta release will be made. If it’s successful, and it’s a big IF, then it will be interesting to see how high SUB can go.
One of the great things of blockchain is the removal of the middlemen. We have all paid endless fees to payment mediators, be it Paypal or any credit card payment processor. The costs rack up quickly if you have to do many transactions. Plus, any centralized middleman has power over your money, just like the banks have (that we all despise). Most of the merchants that accept, for example, Paypal payments, have at one time or another, experienced problems as the money is not released for any given reason.
Let’s look at the sample that Request Network have highlighted in their Whitepaper:
Bob asks Alice for a payment, then he creates an (invoice) request and relays it to the blockchain; Alice’s
wallet detects the Request and processes the payment. In the case where Bob was on Amazon and Alice was making a purchase, Amazon creates a Request on the blockchain, Alices phone analyzes the blockchain and detects the request, sends a notification, and she agrees
VeChain (rebranding on 26th of February)
VeChain is a blockchain platform offering Blockchain-as-a-Service to enterprises for products and information. According to their website, VeChain has more than 50 developers, which is a lot more compared to most of the crypto projects. Also, they’ve been on the market for some time, and building solutions for enterprises since 2015.
As businesses have understood the value of the blockchain technology and it’s getting more and more popular, we can only see VeChain growing a lot bigger, as they have a great position and portfolio to profit from the crypto boom.
VeChain team is one of the most active in seeking out partnerships and constantly announcing new collaborations. This is crucial for sustainability and expanding the VeChain platform.
VeChain has implemented blockchain solutions across various industries such as luxury goods, liquor and agriculture.
UPDATE: For a more recent post about Vechain, please check out our more recent article about what Vechain is.
Nuls is another of the projects that we really like.
Nuls aims to break the technical shortcomings of blockchain and to reduce the cost of the development. It’s a modular blockchain platform, which means that Nuls divides blockchain into different modules: ledger, storage, account, smart contract, network and consensus. What’s interesting is that every module is independent from another, i.e if some changes are made in one module, they do not affect the rest of the modules. Modules cooperate through the service bus and event bus. So, Nuls aims to make blockchain technology easy to use and implement, which enables wider adoption. Platforms like this have enormous potential.
From Nuls whitepaper:
NULS is a blockchain with a modular based architecture enabling customizable modules and sub-chain operability. Its two-part design is the microkernel and the functional modules. The microkernel provides the underlying mechanisms for the network while the functional modules are the compartmentalized features of the blockchain. They have been built with the goal to maintain the well-known programming practice of high cohesion and low coupling. They also adopt the hot- pluggable principle allowing modules to be added or removed during operation.
The decentralized nature of NULS is in creating a business model that bridges the gap of trust in using the technology as well allow users to customize their chain to fit with their needs. The simplicity of implementation comes from the architectural design of NULS where complex concepts such as cryptography, consensus mechanisms and storage methods are abstracted away from the developer and they need only to be concerned with what they want to build that is within their skillset.
Stellar is a distributed, hybrid blockchain that is fully open-source. It is infrastructure that exists to facilitate cross-asset transfers of value, including payments. With just one integration into the Stellar Network, you will join an open, global financial network where all actors – be they people, payment networks, or banks – have equal access & economic participation.
From Stellar Whitepaper:
We need a worldwide financial network open to anyone, so that new organizations can join and extend financial access to unserved communities. The challenge for such a network is ensuring participants record transactions correctly. With a low barrier to entry, users won’t trust providers to police themselves. With worldwide reach, providers won’t all trust a single entity to operate the network. A compelling alter- native is a decentralized system in which participants together ensure integrity by agreeing on the validity of one another’s transactions. Such agreement hinges on a mechanism for worldwide consensus.
This paper presents federated Byzantine agreement (FBA), a model suitable for worldwide consensus. In FBA, each participant knows of others it considers important. It waits for the vast majority of those others to agree on any transaction before considering the transaction settled. In turn, those important participants do not agree to the transaction until the participants they consider important agree as well, and so on. Eventually, enough of the network accepts a transaction that it becomes infeasible for an attacker to roll it back. Only then do any participants consider the transaction settled. FBA’s consensus can ensure the integrity of a financial network. Its decentral- ized control can spur organic growth.
Which are your favorite altcoins for 2018? Let us know your opinion by leaving a comment below!