Platforms such as Near Protocol, avalanche, arbitrum, hyperlique and bittensor are making significant changes in blockchain and Cryptocurrency World. These platforms not only provide speed and security, but are also contributing to the development of smart contracts, Decentralized Finance (Defi) and AI. All these platforms are giving a new direction to the Crypto World with their different features and tokens.
Whoch Cryptos to Purchase these days
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Near Protocol (Near)
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Avalanche (avax)
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Arbitrum (ARB)
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Hyperlique (Hype)
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Bittensor (Tao)
Near
Near Protocol is a powerful and user-friendly blockchain platform, which solution of normal problems of blockchain such as slow transactions and low scalability. Its purpose is to provide developers a fast, secure platform, so that they can easily create dysentalized applications (DApps). With the help of Near’s NightShade Sharding Era, it can process 100,000 transactions per second and ensures transaction elements in a second.
Another unique feature of NEAR is its Human-Readable Account Title, which protects users from hard crypto wallet addresses. This platform is also very convenient for developers, as they can create applications using a language like rust and meeting script. In addition, Near’s security model is based on Doomslug, which makes transactions secure with consensus in two rounds.
Network operators (validators) get Near Token through Near Tokenomics, which keeps this platform safe. Overall, the Near Protocol blockchain is a sturdy and hour orientated possibility in the blockchain world. Till the time the news is written Near Value Trade at $ 2.79, Near Token made his All Month Top $ 20.42 on 17 January 2022.
Avax
Avalanche is a layer-one blockchain, which serves as a platform for the decentraliz application (DApps) and custom blockchain networks. It is the competitor of Ethereum and aims to leave behind Etreum as the most popular blockchain for smart contracts. Avalanche provides high transaction capacity up to 6,500 transactions per second without compromising scalability.
The unique structure of Evelych consists of three different blocks: X-CAIN, C-CAIN and P-Chain. They have a different purpose of each and they use different consensus mechanisms. The X-Chain is used to create and exchange Avax token and other assets. C-C-Chain hosters smart contracts and decentralizing application, while P-Chain Community Cordinate Validator and gives permission to create new subnets.
The security mechanism of the avalanche is based on the “avalanche consensus mechanism”, in which all the nodes process and validate the transactions together, which improves the speed of the blockchain. Due to this, this system is more fast and safe. Currently trading at Avax Token $ 20.47, Avax Token made his All Month Top $ 146.22 on 21 November 2021.
Arb
Arbitrum is a layer 2 scaling solution for Ethereum, which makes transactions sharp and cheaper, while maintaining security. It uses “optimistic rollups”, causing transaction processes out of Primary Etreum Chain (Layer 1), which reduces the load on the network. Its new version Nitro “has made significant improvements in speed and efficiency.
Arbitrum’s technical system acts like a “express lane” between layer 1 and layer 2, which reduces the cost of transaction and increases speed. Transactions are not verified immediately through optimistic rollups, but it is considered valid unless there is a challenge. The nitro version includes the original codes of Etreum directly, which provides better compatibility and reliability.
Arbitrum’s token system is Eth and ARB combination. Eth is used for transaction fees, while ARB Token is used for participation in governance. The Total supply of ARB is limited to 10 billion tokens and has been distributed keeping in mind the distribution community and developers. Currently trading at ARB Token $ 0.3899, ARB Token made his All Time High 2.40 on 12 January 2024.
Hype
Hyperlique is a layer 1 blockchain with a high performance, especially designed for decentralized finance (Defi). It provides a perfectiles exchange with a fully on-chain order book, which transactions with sub-second latcy and can process up to 100,000 orders per second. This platform provides speed like the Centralized Exchange, but keeps fully decentralized.
Hyperbft in its technology is a custom consensus algorithm, which enables extremely fast transaction processing. The architecture of the platform includes a complete on-chain order book, where all orders, cancelies and trades are directly on blockchain, providing completely transparency and security.
The ecosystem of hyperlikid is operated by a native token called Hype, which is used in stacking for the safety of the network. 10,000 Hypes are required for staking and stating rewards ensure stability for a long time. Hype token is also used for extra benefits such as governance and discounts in trading fees. Till the time the news is written Hype price Trade at $ 19.00, Hype Token made his All Time High $ 35.02 on 21 December 2024.
Tao
Bittensor is creating a revolution market, where the Artificial (AI) systems evaluate each other and reward each other. You can understand this as a digital farm market, where AI model trades and evaluates each other’s intelligence. On this platform, anyone can contribute to AI Development instead of only big tech companies and can earn profit from it.
AI models in Bittensor’s network exchange knowledge and capabilities among themselves. AI System rates each other, such as we rate a restaurant. To ensure that there is no fraud, Bittensor uses a digital laser, which tracks everything in a secure manner.
Bittensor’s token Tao is given as a reward to participants contributing to Tao Network. It acts like the points of the Tokeen Loyalty Program, but has real value. When the AI system is high -rated by other AI Systems, its creator gets more tao token. The network has a total of 21 million Tao Token. Currently Tao Token is trading at $ 307.38, Tao Token made his All Time High $ 767.68 on 11 April 2024.
Conclusion
These platforms have contributed significantly to crypto and blockchain technology, promoting Defi, Smart Contracts and Development of AI. Near is becoming a strong ecosystem of systems like Protocol, avalanche, arbitrum, hyperlique and bittensor, which provides high speed, security and cost effective transactions experience for cryptocckercharosis users.
