These 3 coins are shooting up again today – Did you miss your chance?
Today, three projects stand out because of their rapid price increases and of course their ambitious goals. Creditcoin, Helium and Lisk are each trying to solve social problems using blockchain technology in their own way. Let’s see how they do it.
Helium
Helium, also known as “The People’s Network”, has an ambitious goal: to create a decentralized network for Internet of Things (IoT) devices. Important features are:
1. A network of ‘Hotspots’ that act as both a wireless gateway and mining device
2. Rewards in HNT tokens for users who support the network
3. A unique proof-of-coverage consensus algorithm
By rewarding users for expanding the network, Helium aims to create a global and affordable IoT network. This could pave the way for countless new applications, from smart cities to precision agriculture.
CreditCoin
Creditcoin, launched in 2019, focuses on a major problem in emerging markets: the lack of access to formal credit systems. The project wants:
1. Record credit histories on a public blockchain
2. Connecting the ‘unbanked’ population to financial services
3. Building trust between informal lenders and traditional banks
By recording credit data transparently and immutably, Creditcoin hopes to bridge the gap between informal lending and traditional banking, potentially helping millions of people who currently lack access to formal financial services.
Lisk
Lisk aims to democratize blockchain development. The platform offers:
1. A development environment based on the popular JavaScript programming language
2. The ability to easily build custom blockchains (sidechains)
3. A delegated proof-of-stake (DPoS) consensus mechanism for efficient transaction processing
By lowering the threshold for blockchain development, he hopes Lisk accelerate the adoption of this technology. This could lead to a greater diversity of blockchain applications and faster innovation in the sector.
These three projects are already demonstrating the enormous potential of blockchain technology to solve real-world problems. Whether it’s improving financial inclusion, democratizing IoT networks, or making blockchain development more accessible, each project is helping to create a more connected and accessible future.
All of the above projects can be traded in the BLOX app.
