The decentralized nature of blockchain technology empowers the cryptocurrency market and has revolutionized the financial sector. The removal of the intermediaries automatically enhances the transaction speed and lowers the cost involved, facilitating secure and transparent peer-to-peer transactions. Ripple (XRP) has emerged as a low-cost solution for remittances across the world.
However, one of the pressing challenges is the inability of the blockchain to communicate and share information. Several companies have been attempting to address the rising concern of interoperability. Cosmos is designed specifically to interconnect the different blockchain networks allowing them to communicate seamlessly.
There are several cryptocurrencies in the market backed with terrific utilities, each competing with the other in terms of how innovatively it can address the growing concerns and keep the community united.
Among the new rising cryptocurrencies, InQubeta (QUBE) has surpassed all expectations with its novel idea and become one of the top crypto coins to invest in. InQubeta is a cryptocurrency fund-raising platform powered by its native token QUBE. Leveraging the power of AI and blockchain, this marketplace enables fractional investment in AI startups.
This unique idea has garnered the interest of both investors and crypto analysts who claim this project has set new standards in investment practice. Investors looking to turbocharge their crypto portfolio with a good crypto to buy should take a minute to glance through InQubeta’s presale.
What you'll learn 👉
InQubeta: Analyst and Investor’s Pick as the Best Cryptocurrency Investment of 2023
InQubeta has amassed major attention from crypto enthusiasts and investors globally with its remarkable performance in the presale. This newly launched cryptocurrency project has raised a fund of around $2.2 million in this third presale stage with over 80% of its tokens already sold. The current price of its token is around $0.01.
What’s all this buzz amount? InQubeta presents itself as the world’s first cryptocurrency crowdfunding platform. Capitalizing on the most trending technologies of Artificial Intelligence (AI) and blockchain, the founders have curated a platform to solve the problem of AI Investment. Though AI-driven start-ups bring groundbreaking innovations to the table, they face a major roadblock when it comes to investment especially when they lack the resources and connections available to Silicon Valley Investors.
This is where the solution of InQubeta comes in. Built on the Ethereum network and fueled by its native cryptocurrency, QUBE, InQubeta offers a marketplace where AI-driven start-ups list their NFTs coupled with rewards and/ or equity to the company. The platform allows potential investors to browse through the listed NFTs and purchase the one they believe has the potential for long-term success. The purchase can be made using QUBE tokens. Once the NFT has been bought, the amount reaches the corresponding start-up to drive its growth.
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Show more +By bridging the gap between AI start-ups and investors, it creates a mutually beneficial marketplace. The investors are entitled to profit sharing, exclusive access to the company’s products and services, equities, and other forms of benefits attached to the start-up. The holders of the QUBE token can also earn passive rewards from InQubeta’s reward pool. The pool replenishes itself through the 5% buy and sell tax on every transaction occurring in the network. Another 2% of the buy and sell tax goes into the burn wallet.
QUBE token holders also control the governance of InQubeta’s protocol. They are vested with the right to propose a change, foster community discussion, vote on its approval and implement the approved changes within the network.
InQubeta offers a distinctive solution of fractional investment to its community. To further benefit its users, this ERC20 token is designed to be deflationary in nature. This means that the supply of QUBE tokens falls over time through a burn event, raising its value. With its unique solution and several utilities, QUBE has quickly secured the position of a good cryptocurrency to buy.
Analysts and major security firms conducting audits on its smart contract believe in the potential of InQubeta to reshape the investment landscape and generate potentially high returns.
Why wait? Join InQubeta’s presale now and benefit from the lower prices as it could potentially provide huge returns after listing on mainstream exchanges.
Ripple Facilitating Global Fund Transfer with its Bridge Currency, XRP
Ripple is an open-source peer-to-peer decentralized network enabling a smooth transfer of any funds, be it dollars or cryptocurrencies. It is a global payment network with no discrimination between fiat or cryptocurrency, facilitating easy transfer of money across countries without any actual movement of funds. The network is powered by its native token, XRP.
Let’s look at it this way: if A wants to transfer some amount of money to B living in a different country, both parties would require a local agent to send and receive the money. B receives the amount for its local agent who must be paid by A’s local agent. In these cases, there is an actual withdrawal of money from the sender’s account. This process is quite cumbersome and time-consuming. Ripple leverages the decentralized nature of the blockchain to make the process quicker, cheaper, and more secure.
The user (an individual or a business) can enroll and open a gateway, which allows them to function as a middleman for currency exchange, liquidity management, and payment transfers within the network. This means that if a person wishes to receive the funds in Bitcoin, he or she need not necessarily own Bitcoin to send the money. The person can send the money in dollars for instance through one gateway and the receiver will get it in Bitcoin.
The native token, XRP, acts like a bridge currency where the user can convert any fiat or cryptocurrency to XRP tokens and use those tokens to purchase other cryptocurrencies. XRP can only enter the market when Ripple decides to sell coins from its pre-mined stash, unlike other cryptocurrencies, where new coins enter the market in the form of block rewards. It has a fixed supply.
The XRP ledger is also used by developers to create solutions for remittance and asset tokenization. The ledger has five important applications such as payment, decentralized finance (DeFi), stablecoins, CBDCs, and tokenization.
The network utilizes a Federated Consensus Mechanism, which is different from the original proof-of-work (PoW) or proof-of-stake (PoS) protocol. Under this mechanism, an independent server called a validator is used to verify the transactions in the network. These transactions are transparent and anyone can choose to operate the validator. This mechanism allows the transactions to be processed with zero failure as the decision is not taken by a single participant.
Even with such innovative utility, Ripple has been a victim of legal turmoil with the Security and Exchange Commission (SEC), experiencing a slight slump in its value. However, with the strategic approach of enabling low-cost and high-speed transfer of funds, XRP marks itself as the best altcoin to buy. It processes the transaction processing speed of 3-5 seconds, with the capability to withhold 1500 transactions per second.
Cosmos: Interoperable Blockchain Solution Secured by ATOM
Cosmos offers an ecosystem of connected blockchains which address the pressing challenges of scalability, high cost, and slow transaction speeds. The team at Cosmos believes that an individually operating blockchain has many setbacks of gross energy inefficiency, limited performance, and immature governance mechanisms. The end solution to this would be allowing several blockchains to interoperate keeping its security intact.
Cosmos aims to resolve this problem by providing a network of interconnected blockchains that can communicate with each other and facilitate the transfer of data and assets. An individually operating blockchain, governed by its own coding languages, protocols, and consensus mechanism serves as a major hindrance behind the massive adoption and scalability of the network. Powering this open-source decentralized network is its native token, ATOM.
How does the network operate? The network comprises many independent blockchains known as zones. These zones are powered by Tendermint Byzantine Fault-Tolerant (BFT) for high performance and consistency. Cosmos Hub is the first zone in the network utilizing the proof-of-stake consensus protocol and following simple governance. The cosmos hub remains connected to other zones via an inter-blockchain communication protocol (IBC). This interconnection enables the blockchains to communicate with one another and allows the transfer of tokens securely between these zones. All the transfers go through the Cosmos hub which keeps a record of all the transactions and also detaches itself in case of zone failure.
The holders of the token can stake them to earn rewards. Staking is similar to the process of depositing money in a bank to earn interest. In the case of cryptocurrencies, a certain amount of tokens are locked up for a period of time in a smart contract to earn rewards. As the network follows the proof-of-stake consensus protocol, validators verify the authenticity of each transaction. To ensure security, validators must stake their tokens to verify a transaction. Usually, validator nodes with a higher amount of tokens staked are chosen for the process and in case of dishonesty, they lose their staked tokens.
The Cosmos network has gained immense attention in the cryptocurrency market with its novel idea of becoming the Internet of Blockchains. As it is working on addressing the main concern of interoperability, Investors and developers believe in its potential of becoming the best cryptocurrency investment.
Conclusion
Every new cryptocurrency in the market is in a fight to rank as the top crypto coin. As a result, any new altcoin entering the market is supported by terrific utilities, with some addressing the problem of interoperability and others leveraging AI and blockchain to change the financial system. Investors often find themselves struggling to decide on a good cryptocurrency to invest in.
However, many crypto analysts globally are pledging their vote of confidence in InQubeta’s crowdfunding platform. InQubeta is an Ethereum-built network addressing the growing concern of AI investments by providing a marketplace that connects start-ups to potential investors. The native cryptocurrency is QUBE. QUBE is a deflationary currency and a mode of investment within the network. The token presents lucrative offerings to investors who can also earn rewards through staking.
InQubeta has gained immense popularity and unanimous support from analyst and security firms as it is a new and innovative project that has the potential to yield high returns.
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