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Coin Spotlight

Coin Spotlight: Ardor (ARDR)

What is Ardor (ADRD)?

Ardor is multi blockchain platform built with NXT technology. It is a blockchain as services (BaaS) meaning, it allows companies to create their own blockchains on the Ardor platform. This allows companies to create blockchains without having to invest in infrastructure or developers.

Their vision

Ardor aims to be one of the top choices for companies and organizations to address their blockchain needs.

What does Ardor (ARDR) do?

Ardor uses NXT technology to allow them to separate the network and security chain (Ardor Parent Chain) from the transactional chains (Child Chains.) Since it uses NXT technology it provides all child chains the ability to issue assets, trade on exchanges, ability to hold public and private polls, set conditional transactions, set up multisig security, and send encrypted messages.

Ardor still processes and secures all transactions using the altcoin ARDR, by using what’s called the bundling system. This allows companies to process their child chain transactions in their own coin while paying transaction fees to the parent chain in ARDR coin. Because of this unique feature, it allows all child chains to interact with one another, creating interoperability between the different child chains.

Notable features:

  • Unlimited Scalability
  • Safe Smart contracts using NXT technology
  • Child Chains: a light blockchain that can be customized
  • Interoperability: All child chains can interact with each other

Useful Links:

 

Writer And Researcher At The Cryptobase.

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Coin Spotlight

Coin Spotlight : STORM (STORM)

Coin Spotlight: STORM (STORM)


What is Storm?

Storm Market creates more earning opportunities for people all around the world by utilizing technology. We make it easier for members to find new ways to earn, engage, and advance with our gamified micro-task platform for STORM tokens.

Their vision:

Storm Market is changing the way that people all around the world earn with one simple motto: earn from anywhere, at any time, from any device. Blockchain enables micro-transactions to be carried out in an efficient manner. The difference is around human-centric user interfaces and experiences. Our gamified micro-task platform creates an engaging user experience that encourages active participation with the STORM token community.

What does STORM do?

Blockchain enables the efficient matching of Storm Players to Storm Makers to: perform micro-tasks in 5 minutes or less, from any mobile device, and people being rewarded for performing the task. The Storm contracts (smart contracts) enforce these terms for the length of the contract’s engagement. The automation of enforcing the terms of the engagement and payment to participants with little to no human intervention provides an efficient system where fees are reduced, and with faster turnaround times.

Notable features:

GLOBAL – Addressing the global needs of the eligible existing workforce of 4.68 billion people

SECURE – A trustless network powered by Ethereum Smart Contracts for micro-tasks

ACCESSIBLE – Mobile first design approach to help people earn more STORM tokens, from anywhere, and at any time

COMMUNITY – Over 1.4 million downloads, and growing 250,000 monthly active users, in addition to the STORM token community

Useful Links:

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Altcoin

Coin Spotlight: Binance Coin (BNB)

What is Binance Coin (BNB)?

Binance Coin (BNB) is the native ERC20 token (Built on Ethereum) for cryptocurrency exchange Binance.

Their vision

Binance Coin (BNB) is designed to make trading more affordable for Binance users.

What does Binance Coin (BNB)do?

Binance Coin (BNB) allows Binance users to receive a discount on exchange fees. While users can still pay the exchanges fees in cryptocurrency, using BNB provides a discount of up to 50% for your first five years of trading on the platform.

Notable features:

  • First year offers a 50% discount on fees
  • Second year offers a 25% discount on fees
  • Third year offers a 12.5% discount on fees
  • Fourth year offers a 6.75% discount on fees
  • Fifth year offers no discount on fees

Useful Links:

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Altcoin

Coin Spotlight: Ripple (XRP)

What is Ripple (XRP)?

Ripple uses an internal blockchain they call the  “Enterprise Blockchain” ledger. The blockchain is built to be scalable, secure and to interoperate different networks. They provide optional access to the world’s fastest and most scalable digital asset for payments, XRP.

Their vision

Ripple’s vision is to offer one frictionless experience to send money globally.

What does Ripple (XRP) do?

Ripple’s cryptocurrency XRP has been adopted by banks and other financial institutions. Ripple’s system is more secure than other digital currencies, including Bitcoin and offers better price points. It allows users to send, receive, and hold any currency in a decentralized way via the Ripple network. Using its own network, allows reliability and security that is second to none.

Notable features:

  • Liquidity – Bank’s have real time liquidity without having to pre-fund accounts
  • Fast – 4 seconds to settle transactions
  • Scalability – XRP consistently handles 1,500 transactions per second, 24×7, and can scale to handle the same throughput as Visa.
  • xRapid – Provides on-demand liquidity to Payment providers
  • xCurrent – Provides global payment processing to Banks for their customers
  • xVia – Allows Businesses to plug into RippleNet to send payments

Useful Links:


Check out our guide on how to buy, exchange and store your Ripple/XRP

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