No one can argue that 2020 has been a year for the history books. Luckily, not everything that occurred this year was negative. 2020 saw some of the biggest blockchain projects to date. These platforms pushed the boundaries of what is possible and helped show the world the true capabilities of this revolutionary technology:
No top list would be complete without Apollo. This blockchain combines many of the most advanced features found in the market today. Consequently, users can enjoy more flexibility and a better UX within the Apollo ecosystem.
For example, you can easily create your own tokens using the platform. Also, the Apollo blockchain supports sharding, private send, atomic swaps, node synchronization, and more. In this way, Apollo takes the entire blockchain sector up a notch. You can obtain Apollo at the popular exchange BitMart.com.
GSX comes in a close second due to the fact that its the world’s only Quantum secured stable coin. This unique token receives its value from a direct gold backing. Users can even choose to convert their GSX to gold at any time.
This platform offers investors a variety of benefits that the competition doesn’t. Token holders receive yearly dividends based on the rising value of their holdings, gold in reserve, and the price of the gold operation in totality. GSX is available at GSXCDE.com for a discounted rate during its pre-sale.
Ripple (XRP) remains one of the top 5 cryptocurrencies in terms of market capitalization. This unique coin entered the market with the goal to simplify international bank transfers. Impressively, Ripple can scale to thousands of transactions per second.
Today, Ripple has partnerships with some of the largest financial institutions in the world. The firm inked deals with VISA, MoneyGram, and Santander over the last few years. These deals helped drive XRP adoption to new heights in the market.
VeChain is the first enterprise-level public blockchain built specifically to improve supply chain management. This platform integrates a variety of sensors and Internet-of-Thing (IoT) technologies to provide manufacturers and stakeholders with more accountability. Importantly, the IoT consists of the billions of smart devices currently in use globally.
VeChain leverages these sensors to provide its users with some impressive capabilities. Users can track the status, state, authenticity, and a variety of other parameters regarding their items. Best of all, this data is instantly available to the network.
Tezos was the first blockchain to be built with the academic process as a core principle. The project is the brainchild of a doctor and the entire project underwent numerous peer-reviews prior to launch. This approach has earned the blockchain the nickname “the smartest blockchain in the room.”
Impressively, Tezos achieved significant network growth this year. The firm signed partnerships with some of the biggest names in the industry. Specifically, the firm’s deal with CHAINLINK helped solidify Tezos as one of this year’s hottest coins.
The ZRX platform features an Ethereum-based design that improves upon many of the shortcomings of that currency. The goal behind the project was to create a platform that was easy to scale and use for developers suffering from limited resources. Today ZRX provides support for exchanges, data storage, prediction markets, and various other use cases.
ERC-20 tokens are the most popular type of token available in the market today. Amazingly, there are over 150,000 ERC-20 tokens in existence. Wisely, ZRX caters to this growing market in a unique way that is sure to be of value to the community.
Dai is the utility token that services the MakerDAO. This token issues anytime someone receives a loan or pays one back on the platform. DAI is a stable coin that utilizes Ethereum smart contracts to maintain its peg to the USD. The purpose of this strategy is to simplify transactions on the MakerDAO blockchain.
Uniquely, Dai is pegged to the dollar but, backed by Ethereum. To accomplish this task, DAI locks Ethereum in publicly viewable contracts that are stored on the blockchain. The concept is simple, basically, the value of the Ethereum locked in smart contracts on the MakerDAO will always be over the value of Dai in circulation.
DASH is one of the oldest cryptocurrencies to make this list. Dash continues to pioneer new technologies in the realm of security and privacy. Recently, the platform has made a concerted effort to advance cryptocurrency adoption in Latin American countries suffering from crushing inflation.
DASH was the first cryptocurrency to introduce the Delegated Proof-of-Stake (DPoS) consensus algorithm. This protocol allows DASH to complete transactions in under a second and without the need for full consensus from network nodes.
EOS was built from the ground up with the goal to provide Dapp developers a robust and streamlined programming platform. Today, EOS encompasses more than 100 different Dapps. Also, the platform continues to secure high-level partnerships throughout the industry.
EOS continues to be a major draw for DeFi developers. The platform managed to remain relevant following its record-breaking 2018 ICO that netted the company $4.1 billion. This funding allowed EOS to expand its ecosystem consistently over the last two years.
ATOM is the utility token for the COSMOS network. Critically, ATOM entered the market with the goal to bridge the different blockchains and introduce a common standard throughout the industry. The developers behind this concept seek to create the “internet of blockchains.”
Inter-blockchain communication is a hot topic in the market today. More than ever, there needs to be some platform that enables all of these other blockchains to communicate and share value, features, and information in an organized manner. COSMOS is that platform.
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Top 10 cryptocurrencies in 2020
Now that you have a better idea of the top 10 cryptocurrencies in 2020, you are ready to begin your investment strategy. The market contains a lot of potential today. Stay vigilant and always DYOR (do your own research) before you invest in any project. In this way, you increase your chances of success greatly.