“Crypto Frenzy: a closer look, etc., uni and ICP”
In recent years, cryptocurrency has undergone a dazzling increase, with many new projects and emerging pieces to attract the attention of investors and traders. Among these, three remarkable players have won significant land: Ethereum Classic (etc.), UNISWAP (UNI) and an Internet computer (ICP). In this article, we will deepen each of these projects, exploring their characteristics, use cases and growth potential.
Ethereum Classic (etc.)
Etc. is an open source, decentralized version of the Ethereum blockchain. Launched in 2016, he provided for the original Ethereum project to correct bugs and improve performance. Despite his first disappearance as an Ethereum rival, etc. He managed to carve a niche for herself as a test consent algorithm (POW).
The unique force of etc. It is its ability to climb without compromising security or decentralization. Use the POW algorithm, which provides more computing power than the consent algorithm with high energy intensity used by more recent projects such as Ethereum 2.0. Also, etc. It has a lower transaction cost than Ethereum, which makes it more attractive for applications on a reduced scale.
The native token of etc. Ether has obtained significant value over the years due to its use in various protocols and stablescoins (DEFI) and Stablecoin. However, with the rise of DEFI, many have turned their attention to etc. Etc., increasing the request for activities based on etc.
Uniswap (uni)
Uniswap is a decentralized liquidity protocol which allows users to exchange activities on several blockchain networks without counting on centralized exchanges. Launched in 2018 by John Mulyny and Ryan Xulli, Uniswap gained popularity thanks to its scalable and high performance architecture and its competitive expenses.
The Uniswap, UNI, native token is used for governance purposes, allowing users to participate in the development process and to vote on protocol updates. The platform also has a decentralized exchange (DEX) with the support of more than 50 resources, including tokens and stablescoin.
One of the main advantages of UNISWAP is its attention to scalability, which made it an interesting option for traders in search of high -performance trading platforms. In addition, UNI owners receive a percentage of protocol transaction commissions, providing a potential source of income through the supply of stakes or liquidity.
Computer Internet (ICP)
Internet Computer (ICP) is a decentralized network built on Ethereum blockchain, designed to provide faster and safer data storage solutions for applications. Launched in 2017 by Internet Computer Foundation, ICP obtained a significant traction thanks to its unique concentration on the scalability of the level of the company.
The ICP native token, ICX, allows users to participate in the development process by voting and sticking. In addition, ICP offers a system of decentralized files (DFS) which allows sure sharing of data between the nodes of the network.
One of the main advantages of the ICP is its ability to support the processing of high performance data for large -scale applications, making it an interesting option for companies looking for effective storage solutions. In addition, ICX holders receive a percentage of protocol transaction commissions, providing a potential source of income through the supply of stakes or liquidity.
Conclusion
While we look at the future of cryptocurrency, these three projects have already made a significant contribution to the ecosystem. Etc cut a niche as an open source prison consent algorithm, Uniswap has established itself as a decentralized leader for high performance trading and the Internet computer (ICP) offers fast and safe data storage solutions For business level applications.