DailyCrypto — 06/08: LINK, AR and VLX Outperforming
Chainlink, Arweave and Velas are winners; Terra Luna Classic, TerraClassicUSD and Gala are losers
Chainlink (LINK) — 9.8% : Chainlink is a framework for building Decentralized Oracle Networks (DONs) that bring real-world data onto blockchain networks, enabling the creation of hybrid smart contracts. These DONs provide decentralized services such as Price Feeds, Proof of Reserve, Verifiable Randomness, Keepers, and the ability to connect to any web API. It aims to ensure that the external information (pricing, weather data, event outcomes, etc.) and off-chain computations (randomness, transaction automation, fair ordering, etc.) fed to on-chain smart contracts are reliable and tamper-proof.
Arweave (AR) — 8.5% : Welcome to the future of data storage A new data storage blockchain protocol based on a novel proof of access consensus mechanism that creates truly permanent data storage for the first time. Now data is finally permanent, low-cost, and truly censorship free. Arweave has solved the millennia old problem of decentralised data availability. Pay Once, Store Forever. Arweave makes permanent data storage a reality for the very first time. As the $3 trillion data-storage industry is growing, the need for cheap, distributed, permanent data-storage on the blockchain has become an urgent necessity.
Velas (VLX) — 5.0% : “Velas AG, headquartered in Switzerland, is a new AI-operated dPoS (delegated proof of stake) blockchain project and an ecosystem on which one can build AI projects, dApps, smart contracts, etc. It is founded by the CEO of the world’s first and biggest altcoin payment processor platform from 2013 — Coinpayments.net — Alex Alexandrov. Coinpayments created a CPS coin to provide its active merchants and users of 3'000 000 000 a discount token for transactions and fees, and earn staking rewards vaulting their CPS coin. The development of Velas rooted from CPS, as the founders saw an opportunity to create an own proprietary AI enhanced Blockhain and consensus protocol, rather than using a third party solution which still has flaws. Development of Velas started 2 years ago. Coinpayments Coin to Velas coin (VLX) was done via Coinpayments platform on the 4th of July 2019 and will mark the day of Velas independence from original token. This will also launch first Stage described in Technical Paper. The purpose of Velas is to address and fix existing issues and challenges faced by most existing Blockchains, like centralization, 51% attack, nothing at stake problem, scalability, security, high upfront expenses, etc. It does so by using neural networks optimized by artificial intuition to enhance its consensus algorithm.”
Decred (DCR) — 4.6% : Decred aims to build a community-directed digital currency whose security, adaptability, and sustainability make it a superior long-term store of value. It is achieving this aim by building the world’s first truly decentralized autonomous organization.
eCash (XEC) — 4.5% : Derived from one of the most trusted names in the cryptocurrency space, what was once known as BCHA is now eCash. eCash is the natural continuation of the Bitcoin Cash project. Realizing the vision of the legendary Milton Friedman, eCash follows through on key promises such as the innovative Avalanche consensus layer while also introducing concepts never before seen in a Bitcoin project such as staking, fork-free network upgrades, and subchains. Look for the ticker symbol XEC on exchanges, wallets, or price charts, and take your first step towards true financial freedom.
Terra Luna Classic (LUNA) — -20.8% : Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. Luna is the reserve currency of the Terra platform. It has three core functions: i) mine Terra transactions through staking, ii) ensure the price stability of Terra stablecoins and iii) provide incentives for the platform’s blockchain validators.
TerraClassicUSD (UST) — -15.2% : Terra USD (UST) is an algorithmic stablecoin that is pegged to the USD.
Gala (GALA) — -10.8% : GALA is designed to power the Gala Games ecosystem to support gaming re-imagined to benefit creators and players, alike.