I often write about how bitcoins blockchain is a dinosaur. It does it's job and it's been through the ringer in terms of hack attempts etc. It also has first awareness, if you mention crypto to anyone new to it they will think Bitcoin and nothing else.
However there are plenty of other powerful, more robust and powerful use cases of cryptocurreny out there. Lets go over what in my opinion are the top 5.
#1 Ethereum (ETH)
Yes, Ethereum is almost a dinosaur in itself. However this project continues to work and evolve plus many people know of it just like Bitcoin this gives it a great advantage to new people entering the space. Along with new updates it's getting mega attention for NFTs and DeFi which are currently very hot topics. But it's run into the same issues as of 2017 which is yet again slowing everything down and that's scalability.
#2 Cardano (ADA)
Cardano as of March 1st recived an update that allows it to use NFTs this couldn't have come at a better time. As skyrocketing network fees hit Ethereum Cardano now paves way for this to be possible as a reduced cost.
#3 LEO Token of Hive
Leo is a token of the hive block chain and it's one of the few communities building and putting in work to really bring adoption into the market place. I hate to tell you this but Hive is actually small fries compared to many of these other networks. We only support roughly a few thousand people on the Hive block chain.
Hive honestly reminds me of the old days of Article marketing around 10 -15 years ago when that was all the rave. However Leo is breaking it out of this stigma and doing so is going to pave the way for the possibility of hundreds of thousands more to use and learn about hive. To me this is early ground floor right now on a very possible huge scale. I'm also going to lump Hive in with Leo since they are rather intermixed at the moment.
There are also many other projects under Hive that look promising such as the CTP token and community as well as a few projects still under the radar. I'll go over these in other articles.
#4 Polkadot (DOT)
I wrote about Polkadot in more detail here > Polkadot Will Overtake Ethereum - A Good Investment?
In Short Polkadot allows for many side change which can be attached on to other crypto blockchains such as Bitcoin and Ethereum to help reduce network congestion. Instead of 100 transactions on Ethereums main net you can use Polkadot as a side chain and only hit it Ethereums core blockchain once for those 100 as an example.
#5 Binance Coin (BNB)
With DeFi exploding as well as NFTs Binance coin has gains a huge push. In fact Leo Finance will soon be tapping into this network. Just another of the many powerful ways Leo is changing Hive forever.
Posted Using LeoFinance Beta