Your currency should be more than just an investment. It should be a representation
Token, currencies, crypto. They all have something in common, they are or will be used as a means of payment. But there is a big difference between the different types of currencies. Token and crypto are decentralized while fiat currencies such as the dollar and euro are centralized. This means that there is no central authority that controls them but that they are controlled by the users themselves. This has several advantages but also disadvantages. One advantage is that it makes it very difficult to manipulate the currency since there is no central authority that can do this. A disadvantage is that it can be more difficult to get people to start using the currency since there is no one who can promote it in a very effective way.
Whether you want to support the environment, social justice, animal rights, or any other cause that you care deeply about, there is a cryptocurrency out there for you. And it’s up to each of us to find our own niche currency and support the causes we believe in. So what’s your currency? What are you passionate about? Let your voice be heard by investing in the currencies that matter most to you. Because as we move into a future filled with innovation and change, supporting the causes we care about may just be one of the most important things we can do. So start thinking about what’s your currency today, and join the movement toward a better tomorrow.
FILECOIN
The Filecoin project is building a decentralized storage network that turns cloud storage into an algorithmic market. The protocol allows users to rent unused space. When you install the Filecoin client, it configures itself to act as a full node by default. Running a full node comes with certain responsibilities including:
Storing an up-to-date copy of the global filecoin ledger (called the chain), which records every user’s balance and every storage deal ever made; Helping to keep the network running smoothly by participating in message propagation, block verification, and other necessary network maintenance tasks.
An ingenious idea is to use the energy we consume and the computer’s capacity to the maximum, together in filecoin we can become the world’s largest cloud to store data in like the centralized systems Dropbox, iCloud, or Google Drive. Investors include Andreessen Horowitz.
KADENA
Kadena launches one of the world’s first real scalable blockchains ready for applications. Kadena’s public blockchain is a high-capacity Proof of Work system that runs Chainweb, a protocol that provides security and capacity.
The Kadena network will combine public applications, private blockchains, and other interoperable chains in one place, leading to high bandwidth traffic in the heart of the Kadena public chain (meaning chain from the Spanish Cadena). The software is used today by large companies in finance, healthcare, and insurance while developers with a vision can jump directly from idea to product. With the launch of Kadena’s public chain, this system supports blockchain application development, from private to public and everywhere in between. An ecosystem that will pick up speed with large investors behind it. However, not forget is that these systems are pioneers in the segment so there is a good chance that one of these will become a standard.
The founders are behind the investment bank J.P Morgan’s own blockchain currency, JPM Coin, which may seem funny considering how the investment bank rejected everything that has to do with crypto but also soiled the technology, which led to currencies like Bitcoin losing value, then not just once but tangible times. Then the return on invested capital will be enormous.