Alephium’s ALPH pumped 13% today in what’s otherwise a boring day for crypto traders. This project offers huge utility and is the closest thing to Kaspa we’ve found so far.
With a current market cap of just $162 million, ALPH still has room for growth.
What you'll learn 👉
The Utility Behind Alephium
So, what’s the utility behind it?
Alephium leverages a unique sharding technique called BlockFlow, which splits data into smaller segments or shards. This enables parallel transaction processing, potentially boosting throughput to over 10,000 transactions per second (TPS), a significant leap from Bitcoin’s 7 TPS.
The platform adopts the Unspent Transaction Output (UTXO) model, similar to Bitcoin, enhancing security and efficiency in token transfers. This approach allows for layer-1 scalability while maintaining high programmability, ensuring token transactions don’t require additional approval.
Alephium’s consensus mechanism, POLW, adjusts mining difficulty based on network conditions, significantly reducing energy consumption compared to traditional proof-of-work systems. This approach maintains security while using much less energy than Bitcoin.
The platform features its own virtual machine, Alphred, along with the Ralph programming language. This setup streamlines smart contract development, particularly for decentralized finance (DeFi) applications, addressing common issues found in existing smart contract platforms.
Given these features, it’s clear why ALPH is a huge project in the making with the potential to become a $Billion+ market cap coin, similar to Kaspa.
PandaWorld Meme Coin: A Utility-Driven Alternative
For those seeking an alternative to “utility” projects, PandaWorld Meme Coin offers an interesting proposition. This meme coin comes with real utility and is currently in presale, having raised over $112,000.
PandaWorld integrates gaming, online casinos, and a content platform within its ecosystem, setting it apart from typical meme coins. It uses a Play-to-Earn (P2E) model where users can earn PADW tokens by engaging in games. Players can stake these tokens for additional rewards.
The platform also features an online casino where profits are pooled and shared among token holders who stake their PADW tokens. This creates a revenue-sharing model that allows users to earn income even when they’re not actively participating in games or casino activities.
The total supply of PADW tokens is set at 88.8 billion, with 40% allocated for presale.
Read also: Bitcoin (BTC) vs. Ripple (XRP): Which Crypto Is a Smarter Buy Right Now?
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