Blockchain Cryptos You Don’t Want to Miss Out On PrivaCrip (PRCR), NEAR Protocol (NEAR), The Sandbox (SAND)
Do blockchain crypto and the crypto market excite you? It sure does to us because cryptocurrency has come a long way even entering the metaverse and web3 world. Its possibilities are endless but only as much as the strategy of the individual or organisation allows. PrivaCrip news..
Choosing the right blockchain and cryptocurrency can be a monumental task due to all the varieties today but we have researched for you. Today we will look at PrivaCrip (PRCR), NEAR Protocol (NEAR) and The Sandbox (SAND)…these cryptocurrencies are breathtaking in their features and can give potential riches to those involved with them. Let’s take a closer look…
PrivaCrip (PRCR) is a layer-1 blockchain (rare to find unlike layer-2) and is built with the Cosmos SDK employing the proof-of-stake (PoS) and the Byzantine fault-tolerant consensus algorithm. It comes with its PRCR that’s currently in the presale stage which helps it power the entire blockchain!
Nodes on its network carry out computations to verify transactions and achieve consensus and security. PRCR allows for chain agnostics and works with many networks that use the Cosmos InterBlockchain Communication protocol (IBC).
To make sure data is secured within PrivaCrip (PRCR), encryption protocols, trusted execution environments (TEEs) and critical management are etched inside the hardware specification of all the network validator nodes within the ecosystem. The TEEs then confirm that the nodes cannot view the computations happening inside the secured environment. This consequentially protects the underlying data privacy when the computations occur.
PrivaCrip’s (PRCR) underlying ledger is open for all; the native PrivaCrip token (PRCR) cryptocurrency helps with governance, gas fees and transactions. This platform can implement arbitrarily difficult data privacy controls allowing it to carry out what is known as “programmable privacy”.
PrivaCrip (PRCR) tokens can be wrapped within fungible and private forms through the “private contract” that complies with the PrivaCrip Network SNIP-20 standard; this token is already in presale and can immediately be bought!
NEAR Protocol (NEAR)
Imagine a decentralized application (dApp) allowing for smart contracts, a proof-of-stake (PoS) consensus mechanism and a decentralized application applying sharding technology to increase scalability and you will have NEAR Protocol (NEAR). It was initially built by the NEAR collective to accommodate decentralized applications (DeFi).
Now its NEAR Protocol tokens (NEAR) sell for roughly 3.276249 dollars and they can be found in most decentralized exchanges (DEXs). The NEAR Protocol (NEAR) token is mainly used as payment for transaction fees and as collateral for the storage of data within the blockchain. Stakeholders get rewards in the form of NEAR Protocol (NEAR) tokens for services they carry out.
The Sandbox (SAND)
The Sandbox (SAND) is a blockchain crypto platform made up of three main parts that together give you a user-generated (UGC) production. These two components allow users to obtain copyright for the user-created content via smart contracts and the blockchain. The Sandbox (SAND) platform is based on Ethereum (ETH) and is also a metaverse; even beginners can use, make, sell and monetize the virtual reality (VR) they desire.
This metaverse has The Sandbox token (SAND) as its native cryptocurrency powering the platform. Its goal is to let users make their non-fungible token creations whilst earning bonuses through participation. The Sandbox (SAND) is also an established but a rather new blockchain launched in 2020 that quickly grew in popularity.