Over the past few years, cryptocurrencies have attracted individual investors and enterprises. If you are a rookie investor who is confused between the various crypto options available, you can decide by researching and comparing them. For starters, look for some leading names like BudBlockz (BLUNT) and Solana (SOL), weigh their pros and cons, and then select the ones that best suit your portfolio.
BudBlockz: Unleashing the Potential of the Cannabis Industry with Blockchain
Built on the Ethereum blockchain, BudBlockz is an e-commerce platform that bridges firms and entrepreneurs working in the cannabis markets. It ensures legal and secure access to an otherwise heavily regulated industry and enables cannabis enthusiasts to grow at scale by tapping into the international scene.
BudBlockz has rolled out a native token called $BLUNT to facilitate all transactional purposes like staking, liquidity management, voting, and signing petitions, among others. The token is built on Ethereum’s ERC-20 network, and its supply is capped at 420,000,000 units. Plus, the platform has made the token available on presale for interested buyers.
A key USP of $BLUNT is that it is deflationary, and these tokens are burned regularly to ensure that their supply remains scarce. With a limited supply, the team can shield investors’ interests better with minimal price fluctuations. Hence, the platform conducts frequent ‘How High’ token burn events to stabilize the token value. The total supply of the $BLUNT Token has been split between different categories, with the largest share allocated to presale (25.6%).
The platform will build cannabis farms and dispensaries for accelerating market linkages, research, and adoption of cannabis products worldwide in the long term. The platform has launched an NFT series comprising digital art pieces. These NFTs are built on the ERC-721 protocol, and their supply is capped at 10,000. Once users purchase these NFTs, they can also become fractional owners of these farms and dispensaries by submitting a KYC form. As these facilities become functional, fractional owners will also be able to earn an annual dividend on their holdings.
For many cryptocurrency analysts, BudBlockz has a clear edge in terms of growth potential. With BudBlockz, users can earn multiple sources of passive income, be it through NFTs, play-to-earn games, or rewards for participation. The opportunity inculcates customer loyalty and encourages users to contribute to the platform’s growth.
Solana Onboards Independent Validator Client Firedancer
Solana is an open-source blockchain network for building highly agile and secure dApps. The open-source project is maintained by the Solana Foundation, which is headquartered in Switzerland in Geneva. Solana is often seen as the top choice of developers who want to scale their dApps globally. The reason behind its popularity among the developer community is its composability which it ensures by maintaining a single state when the network grows. The composability keeps problems like sharded chains and fragmented Layer II systems at bay.
Its native token, SOL, is the network’s primary cryptocurrency and is used for purposes like staking and making payments. Another factor that contributes to Solana’s popularity among developers is its speed. With block times of 400 milliseconds, the platform can process over 50,000 transactions each second. Moreover, to test the network’s speed, users can play a game called ‘Break Solana’ wherein they can send as many transactions as possible in a 15-second window and then verify Solana’s performance.
While the network uses the proof-of-stake algorithm to validate information, it uses another innovation called proof-of-history to speed up the validation process. Currently, Solana’s validator network comprises over 1,800 nodes. In a recent development, Solana announced that it had boarded Firedancer as a new client validator. The independent validator’s USPs include reliability, high throughput, and a high degree of decentralization. Also, it aims to rope in over 100 million users on its platform over the long term.
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Compiled by Metacrunch. Metacrunch is a news complier and aggregator platform which aims to spread awareness and updates on Metaverse, Web 3.0 Technology, Blockchain, Cryptocurrency, NFTs, Airdrops and many more.
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