The world of cryptocurrency in India is continuously growing rapidly and many blockchain projects are emerging, which can be especially beneficial for investors in India. In this article we will discuss some of the prominent and worthy crypto projects, such as NEM, openANX, Stratis, Request Community, and Ravencoin. These projects are known for their features and technical capabilities and present an opportunity to provide long-term benefits for Indian investors.
Best possible Crypto Challenge in Indiathese are reliable crypto tasks
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NEM
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openANX
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Stratis
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Request Community
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Ravencoin
NEM
NEM (Fresh Economic system Motion) is an enterprise blockchain platform that aims to serve diverse markets. XEM is the native token of NEM, which launched in 2018. It is used as transaction fees on the NEM Population Blockchain and to incentivize nodes on the network. The main features of NEM are: zero inflation, high scalability (~4,000 TPS) and low power consumption, making it more energy efficient than PoW Blockchains.
openANX
openANX Bedrock aims to solve four key problems: Speed, Scalability, Interoperability, and Trust. The openANX platform will utilize the technological advancements of the Ethereum blockchain, such as payment channels (Raiden3, 0x, Change, ERC-204, etc.), to solve the challenges of existing centralized exchanges. The platform will implement a collateralized deposit system linking different exchanges together, providing a way to measure risk. The OAX Token, which is an ERC-20 token, serves as fuel for all services in the openANX Ecosystem.
Stratis
Stratis is a Blockchain-as-a-Provider platform that facilitates the creation of smart contracts using the C and .NET programming languages. The platform is specifically for enterprises that want to build private blockchains and offers the ability to run nodes through Microsoft Azure. Stratis also offers users “cold staking,” allowing them to run a live node by placing funds in a cold wallet. Additionally, STRAX Token also provides tools to create custom side-chains and launch ICOs.
Request Community
Manage Crypto Tasks In this list, Request Community aims to create a “Global Cooperative Financial System” where people and organizations can have complete control over their financial data and decisions. This protocol provides an interface to connect financial systems, allowing users to request payments, such as peer-to-peer payments or business invoices. REQ Tokens serve as utility tokens, required to access payment requests and run network nodes. The technical base of Request Community is Ethereum Blockchain and IPFS Community.
Ravencoin
Ravencoin is a protocol based on Bitcoin’s source code, with new features added that allow users to issue security-like tokens. It works on Proof of Paintings (PoW) consensus, but uses the X16R algorithm, which is ASIC resistant. Ravencoin has a blocktime of one minute, block rewards of 5000 RVN, and the ability to issue tokens and sub-assets. RVN Tokens serve as the internal currency of the network and must be burned to issue the token.
Conclusion
The growing influence of these crypto projects in India and their special technical capabilities provide many opportunities for Indian investors. Be it NEM’s energy efficiency, openANX’s interoperability or Stratis’ Blockchain-as-a-Provider, each project has a significant contribution to make in its space. Investing in these projects can not only build a strong portfolio, but can also be a part of the growing acceptance of crypto in India. Focusing on these projects can be a smart investment strategy.
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