It has been 10 full years since Bitcoin has gone live, and the coin has gone through a lot of development during that time. However, since some of its core issues still lack proper solutions, a lot of developers decided to try and provide alternatives for the first crypto, new coins that will address its largest problems early on.
These are known as altcoins, and they include every digital currency apart from Bitcoin itself, which inspired their creation. Today, there are over 2,100 altcoins, all of which are trying to compete with one another, as well as Bitcoin itself in one way or another.
However, none of them would have a strong presence, or even be here after a year as difficult as 2018, if they didn’t have strong, capable teams behind them. With that in mind, here are some of the strongest and most capable altcoin developer teams in the current crypto market.
1) Ethereum team
Ethereum is considered by many to be the second most important cryptocurrency in crypto history, even though it lost the second place on the list of largest coins to XRP. Ethereum is important because it shifted developers and investors’ focus from the coin to its blockchain. It opened an entirely new world of possibilities and inspired the creation of dApps and smart contracts.
Even now, Ethereum continues its development with new solutions, some of which were introduced in several hard forks only days ago. This was all possible thanks to its developers, which used to be represented by its co-founder, Vitalik Buterin. Even though Buterin recently decided to step down for the position of Ethereum team’s public face, he is still one of the top developers that the coin has, which still inspires trust in its future.
2) Cardano team
Cardano is another coin which is known for its very capable team, led by its creator, Charles Hoskinson. Hoskinson has had a long history with crypto, and he was there for the creation and early development of Ethereum, as well as Ethereum Classic. While he left both teams due to disagreements, he brought the knowledge regarding those two coins with him, which allowed him to create a new, potentially better coin — Cardano (ADA).
In a way, Cardano is one of the hopes for the future of crypto. It aims to resolve some of the most problematic issues regarding digital currencies, such as scalability and interoperability. Meanwhile, it has a team leader who contributed to the development of ETH, the main representative of the second generation of digital currencies. Because of this, many hope to see Cardano grow to be the representative of the third generation of crypto.
3) Binance Coin team
Many are likely already familiar with Binance Coin (BNB), as it is the native cryptocurrency of the world’s largest crypto exchange, Binance. The coin was created to be used on the exchange’s platform for paying different kinds of fees, and it has become quite popular, mostly because using it means getting a considerable discount.
The coin’s team is appreciated for several reasons, mostly due to their insight into what its users need. As such, they managed to create a cryptocurrency that addresses these needs, and BNB has generally made all the right moves since it was created.
4) Monero team
Finally, there is a team behind the privacy coin, Monero. Monero is considered to be one of the best privacy coins around, as privacy is one of the most desirable aspects of the internet. Those who use privacy coins can hide their transaction details, including identities and the amount of coin they are sending.
With that being said, the crypto space as we know it today was created with transparency in mind, which is why privacy coins are not tolerated in many of the largest exchanges. Regulators around the world also dislike them, as they are believed to be used for illegal activities. However, even with all the negativity surrounding privacy coins, Monero’s developers still managed to create a strong coin that does its job correctly, and still remains one of the most used coins today.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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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…
My Crypto Heroes Announces Issuance of MCH Governance Token
Tokyo, Japan, 24th November, 2020, // ChainWire //
My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH.
My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.
What is MCH Coin?
MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.
Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.
The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:
During December 2020 the first governance…