Most Innovative Crypto Projects

We all know that cryptocurrencies are innovative and they are shaping the future of the internet. Currently, we have more than 10,000 cryptocurrencies.?The crypto market has also been flooded with meme coins, fan tokens, and shitcoins, which serve no actual purpose.

Amongst all these cryptocurrencies (including meme coins ) there are some projects which are genuinely innovative and bring in radical changes. Today we're going to read about the 7 most innovative cryptocurrency projects.

Most Innovative Crypto Projects Till Today

1. Filecoin

It is a third-generation cryptocurrency that brings to change the way we use cloud storage. Basically, it aims to remove the presence of cloud storage providers such as 谷歌 and 微软 and replace them with an open-source decentralized network.

Filecoin Foundation is working in an interesting way in that it rewards its miners with?FileCoin . Miners lend their storage resources, and each time the miners prove file storage on their system. They are rewarded with Filecoin.

2. Mana

It’s 100% correct to assume that Metaverse has finally taken off. Mana is the native Cryptocurrency for the?Decentraland project . Decentraland is a metaverse project where users can socialize and purchase assets with real-life value.?

Mana ?is the currency used by the entire ecosystem. Also, in that ecosystem, game transactions are made in mana, which is then translated to real money.??

3. Algorand

Algorand ?is both a blockchain and a cryptocurrency. Also, it can process thousands of transactions quickly. It provides instant validations of transactions and possesses the lowest block times.??

Basically, Algorand Technologies aims to replace the use of Mastercard and Visa as?payment services . Therefore,?it pitches forward with the idea that cryptocurrencies should be used for making day-to-day payments.??

4. Brave Token (BAT)

Brave is a third-generation browser that supports Web3 by default. Brave comes up with an interesting way to reward its users based on the number of ads they consume.

We all know the Brave browser blocks ads by default. However, Brave implements ads in an entirely different manner. Brave users can enable ads on their browser which will then preview ads that are a part of the Brave network. 70% of the revenue generated from these ads is passed onto the users, which brave encourages it to be passed on to the creators.

5. Mina Protocol

Mina Protocol ?– Blockchains throughout the world face problems of network congestion and traffic. Moreover, as the number of transactions increases over time the size of a blockchain increases exponentially.

It is a blockchain that measures a mere 22kbs in size which is about the size of a line of text. This is managed through clever protocols and data compression techniques. This means we don’t need expensive hardware or have to wait for days for the blockchain to become in sync.

6. Mobi

Mobi is short for Mobile Open Blockchain Initiative. This project has several big names associated with it which include BMW, Honda, Toyota, and even Ford.

The?Mobi project ?is an initiative by these companies which aims to use blockchain technology for identifying people, vehicles, businesses, and vehicle ownerships.

7. Cardona

It is a third-generation blockchain that aims to remove the problems that first and second-generation blockchains suffer from. It simply?aims to use a better proof-of-stake consensus mechanism for its block verification which consumes much less energy than any other blockchain.

Additionally, Cardano also supports?smart contracts ?which are more advanced than the Ethereum blockchain while keeping all of this affordable.

Closing Thoughts!!

After reading this blog, you might be wondering, what exactly is the future of cryptocurrency? Cryptocurrency is all the rage right now thanks to endorsements from billionaire entrepreneurs and investors like Mark Cuban and Elon Musk.

So it’s not only all about finding out 10x or 1000x profit in the crypto space. There are many?good crypto payment gateways ?present that are working to make accessible?crypto payments . Crypto-based organizations are building different products with the help of blockchain. Hence, we can directly see an increase in crypto adoption.

My suggestion to everyone who is reading this article is that before making any kind of investment in the crypto space, try to do your own research. Don't go blind in searching for the next big crypto project. You may miss the major basics, and that will cost you the loss of all your hard-earned money.

I will see you next week, till then????????????????????to the newsletter, and stay healthy ????