cryptocurrencies

Top Cryptocurrencies with a Great Growth Potential – Part III

This is a follow-up article to the list:   

More and more altcoins are emerging into the crypto market, and investors are bending over backward in trying to find the right coin which will be the next Bitcoin or Ethereum. Crypto enthusiasts are spending countless of hours reading dozens of whitepapers, trying to figure out the technical aspects upon which they speculate which coin has the best ROI (return of investment). For those of you looking for new cryptocurrencies with potential, here are three contenders that are worth investing in.

Zilliqa Token

zilliqa

Zilliqa is ranked on 25th on Coinmarketcap (CMC), with a market cap of $959,051,636 USD, and is currently trading at $0.13 USD. Zilliqa is a blockchain platform which was designed to scale thousands of transactions per second by using sharding. It also works as a blockchain-based payment processing and decentralized application (dApp) platform.

The native token of the platform is the Zilliqa (ZIL) token. Those that already are familiar with other dApp platforms such as Ethereum and NEO know that the token is used as a mining incentive, for paying the network’s transaction fees, and it is also used as gas for smart contract execution.

Zilliqa is currently an ERC20 token, meaning it is based on the Ethereum blockchain. However, when the platform’s mainnet will be launched in Q3 2018, Zilliqa ERC20 token holders can exchange their ERC-20 tokens for Zilliqa – native tokens at a 1:1 ratio.

Zilliqa makes possible near linear scaling where each new node that is added to the network grows the blockchain’s TPS. Zilliqa has already applied sharding and has a working testnet.

Sharding as a concept is derived directly from distributed databases but has never been used into a permissionless public blockchain prior to this project.

Sharding, when applied to Blockchain algorithmically splits up all the nodes in the network into a smaller cluster or subgroup (known as a shard) that process and execute transactions in parallel with all the other shards with the final result combined.

Zilliqa has also created a smart contract language (Scilla) and execution environment. These solutions were designed to aid the ZILLIQA platform in performing highly scalable computations in various fields, such as data mining, machine learning, etc.

Zilliqa’s open source innovations in sharding technology and smart contract use will be useful for other blockchain projects in the years to come. So, if you want a token that will have many uses, therefore a higher value long-term, ZIL is a solid option.

POWR Token

power ledger

POWR is ranked 106th on Coinmarketcap, currently being priced at $0.35 and having a market capitalization of $132,000,843.

Power Ledger is a blockchain-based peer-to-peer platform developed for energy trading which enables consumers and businesses to distribute excess solar power to their neighbors.

The Power Ledger Ecosystem uses two tokens to function, one being the Power Ledger Token (POWR) which are the fuel of the ecosystem, with a second token called Sparkz used for in-platform transactions. Sparkz can be bought and redeemed using fiat currencies on certain trading platforms which host closed-loop exchanges for energy and Sparkz.

POWR tokens are needed to produce Sparkz. Buying a larger amount of POWR tokens enables application hosts to enter the ecosystem, where they can then exchange POWR tokens with Sparkz and enter their customer base.

The Power Ledger Ecosystem offers a large number of energy trading applications. The most important Platform Applications developed by Power Ledger are the following:

P2P Trading: This class of Power Ledger Platform Application lets retailers empower consumers to trade electricity with one another and receive payment in real-time.

NEO Retailer: This type of Power Ledger Platform Application offers Neo retailers demand and supply management, as well as instant fee and payment settlements.

Microgrid: This category of Power Ledger Platform Application allows electricity metering, data acquirement, fast micro-transactions, and grid management at granular scale.

Wholesale Market: This Power Ledger Platform Application class makes available dispatch and management, data aggregation, reconciliation and payment settlement for energy marketplaces.

Power Ledger offers a decentralized, transparent marketplace where contributors – energy producers and consumers alike – can cooperate in a trustless ecosystem. Given the many applications this platform offers, the POWR token is an asset that has the potential of gaining value in time.

Bitcoin Private Coin

bitcoin private

Bitcoin Private Coin is ranked 46th on the Coinmarketcap list, being currently traded at $20.89 and having a market cap of $426,939,665 USD.

The Bitcoin Private Coin (BTCP) resulted from the first co-fork to ever happen, which involved ZClassic (ZCL) and Bitcoin (BTC). The snapshot of both Bitcoin and ZClassic blockchains was taken at a block height of 511,346 for BTC and 272,991 for ZCL. At this moment, holders of ZCL and BTC in supported wallets or exchanges would receive a 1 BTCP for each ZLC or BTC they owned.

This privacy-focused coin implements the private aspect of ZClassic while extending Bitcoin’s functionality.

Bitcoin Private was designed to function as a peer-to-peer form of digital currency in which no third-party was required. Transactions would be sent and confirmed by nodes before they were given to miners for approvals. The Bitcoin Private Coin has a bigger block size when matched to Bitcoin; this is, of course, of great interest to all users and investors, as this equates to significantly reduced transaction confirmation times.

The Bitcoin Private protocol has a shorter block time of less than 3 minutes and an extensive blocksize bigger than the 2MB of Bitcoin core. It uses a proof of work algorithm, and it is ASIC resistant and GPU friendly for mining. However, the main benefit of this coin compared to all other bitcoin forks would be its privacy. For this, it uses the zk-snarks technology, which lets payments pass through the public blockchain transparently, but without displaying the details for each transaction.

BTCP is believed to reach the highest market cap of any fork of BTC, due to its merger of the privacy features of ZClassic with the BTC branding and blockchain. Those that did not claim their BTCP should do it now.

Therefore, if you’re looking to invest in some promising coins or tokens, these three options are worth keeping an eye on.

If you liked this, you may want to check our part IV of the cryptocurrencies with a good potential of growing in 2018.

Zilliqa and Power Ledger can be purchased from Binance exchange, the leading cryptocurrency exchange in 2018.

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