There are only a few days left until 2023 and many investors want to forget the bad performance in 2022. While there are many different popular investment options such as Bitcoin, Ethereum and meme coins, investors also want to focus on ‘forgotten’ altcoin projects. three on the list altcoin Although it attracts attention from time to time, the token value is still under 1 dollar.
ImmutableX (IMX)
which is a Tier-2 solution ImmutableXaims to bring scalability to NFTs on the Ethereum network. Developers who want to use the security of the Ethereum network have the opportunity to use the scalability of the project.
Moreover, NFT printing and trading with Immutable is free of charge. Claiming to support up to 9000e transactions per second, the network also has an assertive structure. The project uses off-chain calculations and STARK zk-rollups while keeping the funds in the smart contract.
The native token of the network, IMX altcoin, is preferred for staking purposes. The project’s governance token, IMX, is used to vote on proposals and support the development of the network.
“Zero Knowledge Proofs”, which is expected to be popular in 2023, is suitable for the structure of the project. The project has even formed a partnership with Outlier Ventures to support its development in this area.
Oasis Network (ROSE)
Oasis Network‘s most ambitious area is based on ‘confidentiality’ and perfect ‘scalability’. The project wants to use these features in emerging sectors of the blockchain industry such as DeFi.
Oasis, which also includes smart contracts to provide protected lending, automatic private market formation, offers very suitable solutions for the DeFi industry. In addition, it offers scalability and data tokenization options.
The network’s native token, ROSE, is used for transaction fees and voting. It is also possible for altcoin holders to stake ROSE.
Sapphire, a Layer-1 and Layer-2 privacy solution, is one of the most striking details in the network. As a result, the project that wants to increase the usability of Web3 has a long way to go.
Notable Altcoin: Mina (MINA)
Mina Protocolwas focused on improving my efficiency in running decentralized applications (dApps). The aim of the project is to reduce the computational requirements in applications.
Mina also offers smart contracts powered by zero knowledge. . They can keep users’ privacy in check by verifying and sharing evidence of their data without the need for information to be handed over to central entities.
The MINA token is used as payment for the protocol, an incentive for block producers, and a reward for workers who prove the validity of the transaction. In addition, it is used to interact with “Snapps”, which are decentralized applications built on Mina.
By 2023, the popularity of the protocol is expected to rise in full due to the small blockchain of only 22 KB, which strengthens Mina as a project of massive scalability and easy access from any smartphone.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.