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Coin Spotlight

Coin Spotlight: NEO (NEO)

What is NEO (NEO)?

NEO is an open source platform for individuals or companies to build decentralized applications (Dapps) and use smart contracts on top of the NEO blockchain.

Their vision

NEO has been created to shift our traditional economy into the new era of the “Smart Economy”. They believe technology drives progress and together we can create the future.

What does NEO (NEO) do?

NEO allows you to build decentralized applications and use smart contracts with multiple coding languages such as: C#, javascript, and Go. This allows developers a quicker start up time because they do not have to learn a unique coding language to build on NEO. They use the token GAS to execute smart contracts, If you hold your NEO in the wallet, you are paid dividends in the form of GAS.

NEO is an open ledger technology, providing accountability and openness. It could be used for Government purposes, Escrow purposes, Property transfers, or any Intellectual property/Patent law. This is because it has the ability to place a date stamp and proof of ownership on a record as well as it allows refunds.  

Notable features:

  • Neo Virtual Machine (NeoVM): NEO’s lightweight stack-based virtual machine provides shorter startup times with efficient execution. Allowing unlimited theoretical scalability.
  • Byzantine Fault Tolerance Algorithm (dBFT): to reach consensus and ensure the finality of transactions. Two types of people users and delegates both interact to reach consensus.
  • Lattice cryptography: signing and encryption technique where it encrypts and decrypts by turning into the Shortest Vector Problem (SVP), which cannot be solved by current quantum computers.
  • Digital certificates: This provides full legal protection for all assets digitized through the NEO platform.

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Writer And Researcher At The Cryptobase.


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

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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

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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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Ledger Nano S - The secure hardware wallet