The popularity of cryptocurrencies had constantly risen from the moment of their revealing. Nowadays, more and more people are investing in these types of currencies. But what are they? Cryptocurrencies are basically digital assets that people invest in them. You can also make online trades using them. Until the moment of speaking there are more than 7,000 cryptocurrencies, so choosing one to invest in is not an easy task.
As most people are familiar with cryptocurrencies like Bitcoin (BC), Ethereum (ETH), and Litecoin (LTC) this article will try to shed some light on some of the lesser-known currencies. Although they are not so popular nowadays they have the potential to dethrone some of the top cryptocurrencies.
The first “newcomer” on our list is Fusion. This company is an ecosystem for crypto financing which aims to introduce its users to familiarization with the internet of value. The main role of this company is to empower the companies and developers with the open-source technology they greatly need. The technology itself is used for building some of the most innovative financial applications. The Fusion Foundation also facilitates increasing financial accessibility, efficiency, and transparency.
The blockchain (record-keeping) technology role varies from industry to industry, but it will soon change the way we view finance. The company founded by DJ Qian has a specific target to create a comprehensive crypto finance platform for the new era of internet standards.
Although Fusion is not the only company that focuses on blockchain finance it still rises-above the other competitors with three specific features. Firstly the company has a rich environment for modeling time-based businesses that are relevant to the high number of industries that it focuses on. Such industries vary from debt instruments to entertainment licensing and asset rentals. The company also has a competent team made up of people with high-knowledge about traditional finance and with experience in the technology domain. The team can also solve any impediment in an adaptable and flexible way. The third feature of this company is that it has a complete realized interoperability and a solution for distributive custody that connects on-chain with off-chain ecosystems. All of these make the foundation of decentralized exchanges.
The Fusion coin is a standard token, ERC-20. With a supply of 81.92 million tokens, they will be the only tokens issued as the company aims to develop a non-inflatable coin. Another important thing is that from the total number of tokens, only 25% is available for investing.
Another cryptocurrency you should consider for 2021 is Binance Coin. Binance is perfect for those who want to diversify their portfolio and are already owning one of the top five crypto coins.
The company itself has a long history and experience with solid business and its team consists of valuable specialists in this field of domain. The main motto of the Binance company is to be a “utility token”. And so, the value of it can be determined by how useful it is alongside the demand for its utility. Binance Coin is topping the list of ten most liquid cryptocurrencies from CoinMarketCap right now. Despite its volatility, the value of Binance Coin has kept growing in the past months. So it is only natural to expect the same outcome in the next year too.
The next decade promises to make cryptocurrencies one of the most desirable “inventions”. Many companies, including some of the most well-known casino operators, will want to offer their customers the opportunity to use cryptocurrencies as well. As it was mentioned later in the article, blockchain technology offers essential protection against hackers and other virtual threats. In the future people will be able to play games such as 88 Fortunes Megaways in a much safer environment. Binance promises to be one of the safest blockchain technologies of the near future.
The King of Enterprise, Unibright is a company from Germany that offers a unified framework for bringing blockchain technology and smart contracts to the mainstream. The company is the first unified framework with the goal of enabling business owners to incorporate blockchain into their business.
Launched in December 2018, Unibright dedicates itself to supporting the use of blockchain technology, especially in business processes. As it employs a no-coding approach, the smart contracts are generated automatically, being then deployed and updated into their respective blockchain.
Their team consists of specialists with over 20 years of experience in blockchain technology, as well as world-class consultants, developers, and architects. Their combined effort helps them turn ideas into profit and take the best solutions when it comes to business enterprising. Unibright uses its utility token (UBT) to acquire products and services. The token is also used to consult various workshops that are offered to its clients to develop their blockchain businesses.
The amount of UBT tokens used in circulation rose to 149 millions from a total of 150. The UBT can be obtainable from exchanges like Hotbit and Bilaxy.
Technological advancements and digitalization had skyrocketed to new heights, people use technology in every aspect of their life. Maybe it is time to incline more towards the use of digital currencies too into the next decade and beyond. Although we like it or not, cryptocurrencies are slowly but surely replacing other types of exchanges.
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