Cryptocurrency has recently become a hotly debated subject as its popularity rises, especially with the rapid surge of cryptocurrencies such as Bitcoin and Ethereum. However, there are new players that are showing a lot of promise. One of them is Stratis.
Research also shows that most of the investors who have invested in the major ones such as bitcoin have also invested in other cryptocurrencies. This is because the top ten cryptocurrencies have all been increasing in value. Investors are therefore eager to find new investment opportunities to diversify their digital currency portfolio and Stratis is currently believed to be one of the best upcoming cryptocurrencies to buy right now.
Why Stratis might be a good consideration
The past two or three weeks have been characterized by significant jumps in the value of bitcoin. In fact, its value has risen so much that key people in the industry have warned about the high volatility of bitcoin. The cryptocurrency was characterized by massive surges about a week ago with prices going from below $7,000 to more than $11,000, then declining back to $9,000. However, the price went back up above $15,000.
This kind of volatility is one good reason for investors to look into another cryptocurrency that shows a lot of promise. Ethereum would be a good alternative but it has also been having its fair share of problems such as the lack of adequate security which led to the DAO hack. However, Stratis employs a secure network and its pricing has also exhibited growing strength.
The main reason why cryptocurrencies came about is to facilitate easier monetary transactions on the internet. For this reason, it is important that a digital currency is stable just as the same case applies to regular legal tender. This is especially important for those transacting regularly via the internet. A rapid depreciation in value for example for Bitcoin could lead to a significant loss of revenue.The value of Stratis has been relatively stable especially compared to its more popular counterparts with the prices being pushed down when the value goes up too high. The price has, for the most part, remained below $10.
The programming language
The programming language used to create a cryptocurrency plays a significant role. Ethereum requires a complex coding language and this has been one of its biggest downsides. Fortunately, Stratis is written in C# which is a programming language that is popular.
Sidechains or smart contract
Most cryptocurrencies such as Bitcoin have a lot of limitations when it comes to sidechains. The latter refers to a mechanism that makes it possible for tokens to be securely taken from one blockchain, used in a different blockchain and then returned to the initial chain. This is especially tricky when it comes to the coding. Customers want a solution that ensures the safety of their tokens and Stratis particularly shines in handling sidechains.
New generation digital currencies
While cryptocurrencies are relatively still in their early stages, the newer cryptocurrencies such as Stratus have more comprehensive features that make them more attractive compared to their older counterparts.
We will be updating our subscribers as soon as we know more. For the latest updates on Stratis, sign up below!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of Jim Makos via Flickr
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…