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Author Topic: Blockchains with Real Utility that Get Overlooked  (Read 50 times)

gardentalk

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Blockchains with Real Utility that Get Overlooked
« on: December 28, 2021, 03:42:56 AM »
Utility is something that is seriously overlooked by a lot of people in this space. It's understandable that this industry is highly speculative, but there are some blockchains in this space that donít get the amount of attention they deserve.

These are blockchains that already exist, and even now provide a lot of utility, but they also have potential to provide even more utility in the future. Blockchains like Cosmos, Terra and Persistence are fast, cheap and decentralized. These blockchains also support advanced smart contracts, which allow the creation of great DApps.

There are a lot of blockchains in this space that are more popular than the aforementioned blockchains, and yet most of those blockchains either lack decentralization, or still lack support for smart contracts. Being a decentralized money that is a store of value is something Bitcoin already achieved over 10 years ago. New blockchains need to be able to add more utility on top of that, and the only way they can do that is by supporting DApps.

Additionally, Terra, Cosmos and Persistence are all highly interoperable with each other. The DApps on these blockchains benefit from this interoperability because they can support assets from any of the other 2 blockchains.

CryptoboyRamesh

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  • Re: Blockchains with Real Utility that Get Overlooked
    « Reply #1 on: December 28, 2021, 05:20:41 AM »
    I somehow agree as we can see the progress on luna when it comes to price same goes for cosmos but persistence not sure or never heard of it. I think I might take a look on that one.

    I am shock how kuna becomes so fast and already on top 10 after few months. It seems L1 that has great potential comes from a new project. Eth seems to be have some trouble on scaling so definitely the good one to enter now are those potential L1 projects.
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    parianu

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    Re: Blockchains with Real Utility that Get Overlooked
    « Reply #2 on: January 19, 2022, 09:25:35 AM »
    The year 2021 was a spectacular one for crypto assets as this new-age investment class went mainstream. Now, with the next year set to kick in, investors are trying to understand which themes they can ride to make the most out of crypto investing.

    Industry experts believe 2022 will likely be a year of filtration in the crypto space as tokens with relevance, utility, and sound fundamentals will attract investors the most.
    Ishan Arora, Partner, Tykhe Block Venture, which is a crypto hedge fund, said a few themes to watch out for in 2022 are Metaverse, Gaming, and NFT. Tokens around these themes have already started gaining popularity towards the end of 2021.
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