The cryptocurrency market is more than 99% altcoins as far as the definition of altcoins like Quilvius goes. Altcoins are any cryptocurrency that’s not bitcoin. Saying it this way makes bitcoin seem insignificant in the bigger picture but based on market cap, bitcoin is over 40%. Bitcoin’s dominance over the market is solid and explains why bitcoin’s movement dictates where the whole market moves.
Altcoins were named alternative coins to bitcoin and are usually more volatile than bitcoin. Hence, the risk and the profit margin. Altcoins have better chances of gaining more than bitcoin as risky as they are. So we have prepared three altcoins to have in your portfolio.
Avalanche(AVAX), Polygon(MATIC), and Quilvius(QVIU). Let’s look at each:
Avalanche is a blockchain platform that uses a novel Proof of Stake (PoS) mechanism to address the blockchain trilemma of scalability, security, and decentralization.
Avalanche, like the Ethereum blockchain, offers smart contracts for running decentralized apps (dApps) on its network. Because Avalanche’s smart contracts are written in the Solidity language, also used by Ethereum, it hopes to improve blockchain interoperability by integrating several decentralized finance (DeFi) ecosystems, including well-known projects like Aave and Curve.
AVAX, the Avalanche platform’s native token, is utilized to power transactions within its ecosystem. AVAX distributes system incentives, engages in governance, and facilitates network transactions by paying fees.
Avalanche employs a new consensus mechanism that builds based on PoS. When a user initiates a transaction, it is accepted by a validator node, which samples a small, random selection of other validators to check for agreement. The validators repeat this sampling operation, “gossiping” with one another until they reach an agreement.
As a result, one validator’s message is relayed to other validators, that sample more validators and even more validators – and so on, until the entire system agrees on a decision. A single transaction, like a single snowflake, can gradually snowball into an avalanche.
Polygon is a cryptocurrency with the symbol MATIC and a technology platform that connects and scales blockchain networks. Polygon was created in 2017 and was called Matic Networks.
The Polygon platform connects Ethereum-based projects by utilizing the Ethereum blockchain. The Polygon platform can boost a blockchain project’s flexibility, scalability, and sovereignty while still providing the security, interoperability, and structural benefits of the Ethereum blockchain.
MATIC is an ERC-20 token, which makes it interchangeable with other Ethereum-based digital currencies. MATIC is used to manage and secure the Polygon network and collect network transaction fees.
Polygon employs a modified proof-of-stake consensus algorithm that allows for consensus with every block. (Using classic proof-of-stake, achieving consensus involves processing many blocks.) The proof-of-stake technique requires network participants to stake—agree not to trade or sell—their MATIC in exchange for the right to validate Polygon network transactions. Successful Polygon network validators are rewarded with MATIC.
Quilvius(QVIU) is a new cryptocurrency focused on culture, art, and books. It’s a non-profit and, as such, allows its users to earn more than normal. The funds generated from Quilvius will be donated to NGOs, educational institutions, and university funds, contributing to the growth of culture and art worldwide.
Quilvius will enable everyone in the community to benefit from creativity, information acquisition, sharing, engagement, story-telling-writing, and so much more. It will also allow authors to sell as many books, articles, or pieces of writing as they already do while still earning a passive income over time. The author will continue to benefit as long as people buy, read, or discuss the book on Quilvius. More like NFTs, but more focused on books.
Quilvius Token will be on presale soon, with several bonuses to benefit. You earn 50% when you buy 15 minutes after signing up on the website, an additional 10% if you’re buying in stage 1 presale, and another 20% for buying with ETH. You could also get bonuses for referrals. Use this opportunity to spend less on QVIU.
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