1.Cryptonite
The strength of cryptonite is reflected in the transaction trust and security issues that its blockchain solves, it has proposed four technical innovations for this issue:
1.The first one is called distributed ledger, which means that transaction accounting is completed by multiple nodes distributed in different places, and each node records complete accounts, so they can all participate in monitoring the legitimacy of transactions, and they can also share testify for it.
2.The second is called asymmetric encryption and authorization technology. The transaction information stored in the blockchain is public, but the account identity information is highly encrypted and can only be accessed if the data owner authorizes it.This ensures data security and personal privacy.
3.The third is called the consensus mechanism, which is how to achieve consensus between all the accounting nodes to determine the validity of a record. This is both a means of identification and a means to prevent tampering.
4.The last technical feature is called smart contracts. Smart contracts are based on these credible and irrevocable data, and can automatically execute some pre-defined rules and terms. Taking insurance as an example, if everyone's information is true and reliable, it is easy to perform automated claims in some standardized insurance products.
Because of its unparalleled scalability and the potential for trading power, it is considered by many investors to be a very strong currency, and I also think so.
2.OBITS
OBITS enables individual users to profit from the turbulent and cryptocurrency market. It does not require in-depth study of the market's long-short game, and it does not even require much knowledge of back-end blockchain.
OBITS encrypted cryptocurrency was issued by OpenLedger, the world's first real decentralized trading platform. This means that OBITS held can be audited and circulated on the blockchain at any time and it will not be manipulated like a traditional exchange, nor will it be overrun by a partial reserve system like traditional banks.
Unlike bitcoin or ripple, bit stocks price is not as volatile as infrastructure tokens,as there is no one institution that manages their market value. OBITS does not have intricate market factors. There are no drastic speculations or malicious manipulations. Because the founding team will uphold the concept of value investment and continue to create value on the road to maturity.
3.Vcash
Because of the zerotime feature, vcash transactions can be performed without confirmation, and in terms of transaction speed, it is the fastest cryptocurrency without the need for a centralized master node. Moreover, vcash is currently developing its innovative feature: zero ledger, which allows users to download xvc blockchain data in seconds - another historic step toward ease of use. Moreover, only 1 confirmation is required to recharge on poloniex!
At the same time, Vcash uses built-in currency features to protect user privacy, providing unlimited scalability through its dynamic block size, and these two issues have also been a topic of great controversy in the Bitcoin community.
Here are the 3 powerful cryptocyrrencies I’d like to talk about,I think if you want to invest in cryptocurrency, these currencies are worth your attention.