🔬🧠 Research Rundown : Unveiling NEAR Protocol's Secret Sauce
Stories on Near, Algorand, MultiversX and Token Launches
Kadeem Clarke
March 18, 2023
Get ready for a weekly dose of crypto insights from M6 Labs.
We've curated the juiciest bits of our news and analysis from the week and condensed it into an easily digestible post 🍿
Meme of the week:
Let's dive in! 👇
1️⃣ Deep Dive Into NEAR
From Nightshade to Doomslug: The Inner Workings of NEAR Protocol
Have you heard of NEAR Protocol? Check out what it has to offer in a nutshell:
NEAR Protocol supports DeFi, NFTs, and DAOs, all your favorite blockchain goodies are included
A couple of super smart engineers founded it back in 2018, and now there's a whole team of wizards working on it
Their Doomslug consensus mechanism and Nightshade sharding framework mean NEAR can handle up to 100k transactions per second, and with low fees too
Their ecosystem has hundreds of projects and DAOs, like Flux Protocol and Mintbase, so you can find something that's right for you
To make it even better, they've built a bridge to Ethereum so things are super connected. They're giving their competitors, Solana and Avalanche, some serious competition
You heard it from us - NEAR Protocol is a top player in the game and is only going to get bigger and better in the years to come!
Keep reading 🍿:
2️⃣ Deep Dive Into Algorand
Algorand: The Blockchain Superhero That Solves the Trilemma
Algorand is a super innovative blockchain platform with a mission to solve the Blockchain Trilemma. Here's what you need to know about it:
It's totally permissionless, and ALGO is their own native currency
They use a unique consensus algorithm to make transactions fast, secure, and scalable
Algorand can be used for all kinds of things, like DeFi, NFTs, payments, and more
It is used by reputed companies such as Archax, Tether, VeriTX, Circle, and Republic
There are even some cool dApps on Algorand and partnerships with places like T-Hub and Jawaharlal Nehru Technological University in India
Algorand is an exciting platform that's changing the blockchain game, so keep an eye on it!
Keep reading 🍿:
3️⃣ A Deep Dive Into MultiversX
From Elrond to MultiversX: A Game-Changer in Decentralized Ecosystems
MultiversX is a blockchain technology that's fast, scalable, and perfect for DeFi apps and beyond. Key takeaways -
MultiversX can process up to 30,000 transactions per second at a cost of $0.001 each, with near-instant completion.
Its key feature is its near-instantaneous transaction throughput and linear scaling in tandem with demand.
MultiversX employs a proprietary Adaptive State Sharding technology and PoS consensus mechanism to make it both secure and linearly scalable.
The official launch of its mainnet was on July 30th, 2020, after 2.5 years of development and funding from over $5 million in investors.
MultiversX rebranded from Elrond in November 2022 and expanded its scale and scope to include the transformative metaverse market as well.
Keep reading 🍿:
4️⃣ The Ugly Truth About Tokens: Why Most Projects Shouldn't Launch Them
Unpopular Opinion: Mental Models for Crypto Investing
Most tokens launched by crypto projects are useless, pointless, and even harmful, serving only as a tool for greed, hype, and speculation.
Projects should focus on real problems, real solutions, and real value to build a sustainable crypto world.
Launching a token is not necessary for a project with a real product, market, or revenue, and can often be a cash grab.
The current system of decentralized governance often leads to whale games, where a few individuals or entities can amass disproportionate voting and governance power, ruining the initial ethos of decentralization.
To truly unlock the potential of blockchain, we need to stop pretending that tokens are the answer to all our problems and demand more from our projects, our tokens, and ourselves.
Keep reading 🍿:
After the recent Fed/Banking bailout development, are you bullish or bearish? |