Three Cryptocurrencies One Might Watch : Logarithmic Finance, Zcash, and Algorand
2022.06.08 16:21
Three Cryptocurrencies One Might Watch : Logarithmic Finance, Zcash, and Algorand
In comparison to the preceding two years, 2022 has been an eventful one. The crypto market, like the rest of the financial markets, has seen a dip. However, those that truly understand how to play the long game recognize that fortunes can be made during times of uncertainty. This is the moment to look for ideas that have strong foundations and follow them. Zcash (ZEC), Algorand (ALGO), and Logarithmic Finance (LOG) are some of the cryptocurrencies to watch in 2022. Each of these cryptocurrencies has a competitive advantage and the ability to be important in the future.
Logarithmic Finance (LOG) – The Next-Generation of Decentralised Finance
Logarithmic Finance (LOG) aims to be the next-generation of decentralised finance (DeFi) and Swapping Protocol, allowing seamless connectivity and interaction between early-stage blockchain entrepreneurs and investors. The intuitive interface with web 3.0 as the underlying technology infrastructure would unleash the actual potential of decentralised finance and empower innovators to raise funds and create products that would attract top-tier investors to the platform quickly and easily.
Investors would be able to use the platform to cherry-pick the most promising and profitable ventures, allowing them to profit handsomely from their investments. Only 1.2 billion LOG tokens will be sold during the sale, which has a maximum supply of 4 billion LOG tokens. After the presale, all tokens that have not been sold will be burned. In 2022 and beyond, Logarithmic Finance (LOG) token is one of the most promising cryptocurrencies to watch out for.
What does Logarithmic Finance (LOG) Offer with its Advanced Technology?
The team at Logarithmic Finance (LOG) will continue to develop advanced functionality for both Project Innovators and Liquidity Providers, allowing them to immerse themselves in the true wonders of DeFi innovations in a safe, scalable, and cost-effective ecosystem.
Fully Homomorphic Encryption (FHE)
They want to make the swapping mechanism available to end-users as secure as possible by using completely homomorphic encryption, which eliminates the need to decrypt data packets while the computational process is running.
Reduction in Gas Fees
The platform’s sturdy code architecture was created by Logarithmic Finance’s (LOG) highly experienced development team using a minimalistic approach featuring a clean and modular code structure. Furthermore, the platform guarantees that only critical data is anchored on the blockchain, allowing for resource minimization.
Swap NFTs
The NFT auction feature will be introduced only for LOG token holders on the platform. The project’s creators will be able to take payments in return for their Non-Fungible Tokens in a variety of cryptocurrencies or stable coins.
What do Zcash (ZEC), and Algorand (ALGO) have to offer?
Zcash (ZEC) is a well-known cryptocurrency with a high volume of trading. Zcash (ZEC) delivers greater transaction privacy and anonymity by employing zero-knowledge proofing technology.
It was developed on the open-source protocols of Bitcoin (BTC), albeit it is not a fork. As a result, it shares several characteristics, such as the proof-of-work (PoW) consensus technique and tokenomics. However, in addition to better transaction privacy, it offers up to eight times faster block times and lower transaction fees than BTC. As a result, since its inception in 2016, Zcash (ZEC) has attracted many retailers.
As for Algorand (ALGO), it is a permissionless blockchain platform that uses a decentralised byzantine agreement system and a pure proof-of-stake protocol to operate. Users can obtain consensus and validate transactions using PPoS based on how much Algorand (ALGO) cryptocurrency they own. It was designed to satisfy huge computing power demands as well as other problems, such as the possibility of a 51 percent attack and any attempts at forking, which makes previously invalid blocks and transactions valid again.
For more information on Logarithmic Finance check out their Website or Telegram. You can find more about the presale here.
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