Last updated on March 4th, 2023 at 04:19 am
Hello everyone! I have decided to go through my crypto portfolio and the following are the ones I intend to hold/hodl for better or for worse as 2022 grinds on. And judging from what we’re seeing right now as of June 2022, we’re in for the worse. (Boy, do I really know how to time these posts, eh?)
I have picked the following cryptos because I like the project behind them; I am not a pump-and-dump type. I am not an influencer. I am just one of those suckers who believe in the project and would like to see them obtain greater mainstream adoption.
And most importantly: I am not giving out financial advice. Let’s just see how the chips (or prices) fall with my selections. I intend to let them ride all through this year and post results in February of next year.
As I spoke of in my Cryptos to Watch for in 2022, Loopring has software running on Ethereum that is aiming to incentivize users to operate a platform that enables creating new crypto asset exchanges.
The major difference with Loopring exchanges is that Loopring claims that their platform exchanges will sidestep slow speeds and higher costs of decentralized exchanges. How this will work is that cryptography called zero-knowledge rollups will be used.
Using zero-knowledge rollups will allow transactions to be settled outside of the Ethereum blockchain, which will speed up the transactions and save money.
You can buy Loopring at the following exchanges:
- Binance (need to have BTC to convert)
Where can I learn more about Loopring?
Immutable X is an Ethereum based layer-2 scalability protocol for NFTs on Ethereum, the second-largest blockchain network. This means it enables transactions at a much faster rate compared to Ethereum, requires low computing power and has lower environmental impact.
Immutable X uses what is called a ZK Rollup, which takes thousands of off-chain trades, creates a proof that these trades were all valid (owners of the assets signed the trades), and then publishes that proof on chain, where it is then verified by a smart contract.
In addition, Immutable X offers good reasons to trade through them:
- No gas fees for peer to peer trading
- You can set your own trading fees
- Up to 9000 transactions per second
- 100 percent carbon neutral
Where to Buy and Learn More About Immutable X?
The Graph is an open-source software used to store and process data from various blockchain applications in order to facilitate information retrieval. Originally launched on Ethereum, The Graphic’s mission was developing ways for developers using these dapps by providing them with relevant findings that increase efficiency of their app.
The Graph analyzes and gathers blockchain data before storing it into various Subgraphs. This allows any application to send a query to its protocol and receive an immediate response.
The queries are posed by dapps through GraphQL, a widely used language originally created by Facebook to gather data for a user’s news feed.
The Graph hopes to be a solution for Dapp developers to get easy access to blockchain data quickly and with few complications.
The Ethereum-based data is all aggregated together by Graph Nodes, in which they map all the event data before it is stored in the platform’s database.
Later on, the data is added to the Ethereum blockchain in the form of smart contracts and after a point of finality is reached, the graph node collects new data and filters out the relevant bits to the user’s query.
There are three types of users who contribute to organizing the data in its protocol:
- Curators – Subgraph developers who assess which subgraphs are of high quality and need to be indexed by The Graph.
- Indexers – Node operators that provide indexing and querying services for the signaled subgraphs and have to stake GRT in order to provide services.
- Delegators – Those who delegate GRT to indexers in order to contribute to running the network without installing nodes.
Where To Buy the Graph?
More Information about The Graph
Cartesi is a 2 layer off-chain decentralized platform that provides access to mainstream software in bridging the gap between the blockchain and the mainstream software. This is all done through the Linux operating system.
The Cartesi token is used for incentivizing the node runners, staking the token and paying for the platform’s services.
Cartesi bridges the gap between mainstream software and smart contracts by utilizing the vast realm of existing programming tools available on Linux. With a huge proportion of the world’s tech, running on Linux, Cartesi is a very attractive environment for developers since it provides some features that enhance dApp programming.
Perhaps the most important of these features is that Cartesi takes full advantage of both environments. Blockchains struggle to perform intensive computations available to external platforms but provide a level of security that is otherwise unmatched. By relying on the processing power of Linux, Cartesi grants developers access to all of the tools and services that have been developed for this operating system over the last two or three decades.
You can buy Cartesi through the following exchanges:
Wanna Learn More about Cartesi
VeChain is a software that seeks to incentivize a network of computers to operate a platform allowing businesses to build and run decentralized applications (dapps). The goal is to streamline processes and information flow through the use of distributed ledger technology.
Originally a solution for supply chain management alone, the VeChain protocol rebranded to VeChain Thor with the launch of the protocol’s mainnet in 2018, increasing the scope of dapps to include more general data solutions.
VeChain uses a consensus mechanism called proof of authority or PoA. This means that only nodes which have been approved by the network can help verify transactions as they happen on Chain’s public ledger.
Users who verify and add transactions to the blockchain are known as Authority Masternodes. To become one, users must stake a minimum of 25 million VET and submit identifying information to the VeChain Foundation. (This is where I have an issue.)
There is a problem: while using a PoA mechanism helps process large transaction volumes rapidly, the disadvantage is that it relies on a central authority to check and authorize users who can take part in processing transactions. If you are pursuing projects that are privacy and anonymously oriented, VeChain might not be for you.
Where to learn more about VeChain
Well, that’s it for now. We shall see how these prosper or perish over the course of the next 12 months. I intend to give updates maybe once a quarter, I will give an update if the currency dies.