Best Crypto Project To Hold For Massive Gains (The NEXT Ethereum)
I want to share this with you looking at the state of the cryptocurrency market. Today we can see that bitcoin ethereum the market is in much more of a cooldown phase. We are dipping, we are consolidating, and this has been happening for some time now – obviously just an ebb and a flow of a healthy market. Yet, despite this temporary cooldown ethereum gas fees have almost never been higher, there has to be a cryptocurrency or cryptocurrencies aiming to solve this and in todays video thats. Exactly what im going to share were talking latest news involving xrp were talking flow, were talking higher cap altcoins, as well as lower cap altcoins, so check the timestamps down below in the video description hit subscribe. If you want to stay up to date on this crypto market and lets jump in, i do want to start off by saying, though, that i like ethereum, i hold a lot of ethereum on bullish on ethereum, but is there such a thing as finding the next Ethereum well lets talk about it. The first project aiming to solve this with nft creation at least turns out its ripple ripple, has launched a 250 million dollar fund for nft creators. Here are the details. Ripple labs is launching a fund for creators, marketplaces and brands to explore new use cases for non fungible tokens on its own xrp ledger, and the big question is why, while the platform said it wanted to address concerns with the minting of tokenized artwork, including clunky user Experiences, high transaction fees and the possible effects on the environment interesting.
So if you had to mint nfts either on the ethereum network or the xrp network, what would you choose? I really would love to know your thoughts down below in the comment section, but in a direct quote from ripple as to why nfts, we believe nfts embody the promise of tokenization and represent a tipping point for its embrace by the mainstream through this creator fund and The xrp ledger were excited to unleash a new utility for nfts and accelerate the broader shift to tokenization, so with 250 million dollars now at play. Who gets access to that money? First, according to ripple, it would be nft marketplaces, including mint nft and mintable, and creative agencies would be among the first to have access to the fund. With the caveat that any proposed nft use case would be built on the xrp ledger, giving creators an opportunity to monetize their work. So, like i said, give me your thoughts on this down below, but ripple and xrp are one of the cryptocurrencies aiming to be a better ethereum for the nft sector, nft marketplace at least next up an eth competitor that just scored a major partnership. Here comes the nfl version of nba top shot nfts. This is from dapper labs and, of course, the flow blockchain flow. Cryptocurrency has partnered with the nfl, and here are the details as to what the nfl gets in return. The nfl, as well as the nfl players association, will receive equity in dapper labs as part of the deal and according to the sports business journal.
The digital licensing revenue from these nfts on the flow blockchain generated for the players union by the deal will be. Second, only to what it makes from its partnership with ea sports maker of the popular madden video game wow. So this is a big deal great for flow great for the nfl and in a direct quote from dapper labs, commenting on their success. They saw with the nba first, they expect even more success with the nfl and heres. Why, when i think about the nba versus the nfl, the nba really blaze the trail in a lot of ways and theyre willing to take some risks. If you think about the nfl, they dont always do it first, but they try and do it best. So learning from the nba is very much in their playbook when we think about the kind of products that we would build with other partners, we think about customizing. It for those fan bases we cant just slap nfl players on nba top shot and make it work. I like that sentiment. This will be very customizable and notice that the nba didnt choose ethereum, didnt, choose polygon or cardano. They chose dapper labs and thats very bullish for flow next up lets talk about cryptocurrency energy, a blockchain built to scale for a decentralized future, and we know theyre a partner of the channel. They also have energy swap, which is built to be a better unit swap which we did a walk through on a few months ago.
I will link this down below for those of you looking for a cheaper alternative to uniswap, but what i want to talk about today and why they make this video is the underlying blockchain, how theyre more scalable, why theyre more scalable and how theyre built for mass Adoption and to do that, i want to compare them to ethereum, because we know, for example, ethereums tps transactions per second major room for improvement. But tps is not the only issue as more and more transactions are processed on chain. The size of the chain data grows exponentially. This has resulted in a reduction of full nodes running the ethereum network. In fact, since the peak of this most recent bulk run, ethereum has seen a 60 reduction in nodes and thats because of the terabytes on terabytes of data that these nodes have to sync as the blockchain grows, and these blockchains are only going to get bigger. As mass adoption continues to happen now, eth is switching to sharding with eth2. Sharding is an increasingly popular approach to solving this scalability. This is popular with polka, dot and cosmos, and other blockchains like this as well. Sharding is breaking up the information on chain into smaller and smaller units to make it more scalable, but there are obvious trade offs. For example, sharding breaks, composability theres, also certain security risk trade offs and were not going to get too in the weeds. Today. On these technical terms, but i will link this down below for you to continue your own research.
The question we have to answer is: how does energy do it? How does energy process all that data on the base chain and keep the scalability well to do that? Lets compare it in one sense to solana. Finally, there are some blockchains, such as solana, which conduct all activity on a single layer. Network energy has a similar approach of having a network of extremely powerful servers processing transactions, but rather than functioning solely on layer 1. Energy has a similar system within our layer, 2 masternodes. These will enable energy to also achieve tens of thousands of transactions per second, but with several major benefits versus single layer blockchains. So what are these benefits? Dual layer architecture allows energies, layer 1 to remain highly decentralized, with many more nodes as the requirements for running a layer, 1 node are much lower than the layer 2 supercomputers. So the aim is to keep layer 1 as decentralized as possible, and energy is then able to keep our masternode layer master nodes lighter weight, since they dont have to contain all blockchain data. Our layer 1 is responsible for storing all data, while layer 2 enables near instant confirmations and capacity to handle high volume. So scalability is key and of course they are compatible with ethereum, which cannot be said for many other blockchains. A final critical point is that energy is evm compatible, ethereum virtual machine compatible. Energys unique approach is that we are fully compatible with ethereum based technology, benefiting from nearly all improvements in applications built on ethereum, while also enabling a very high level of scalability and again just to drive this home as to how all transactions can be processed almost instantly.
By energys layer, 2 network of masternodes and then at every block, the masternodes will then dump all the transactions to our layer 1 network, where all data is then ultimately stored. So what do you think give me your thoughts down below in the comment section? The last thing i want to touch on is where does ethereum go from here, because ethereums archive data chain is now over eight terabytes in size and while ethereums chain size is not yet at a critical point, it will be soon. That is a whole lot of data. I will point out that energy is solving this in a very unique way to solve this issue. We are implementing a very unique approach to archiving which will allow our active chain to maintain a manageable size while ensuring that the archive data is maintained properly and remains accessible. This approach is snapshotting, so in a sense i would say, sort of like mina protocol. Taking a snapshot of the data and then storing that snapshot each time our main chain energys main chain reaches a maximum size anywhere between 5 and 10 terabytes. We will create a snapshot of the chain. At that time, this snapshot will become a separate archive chain. That is connected to the active chain via a running hashed record of snapshots and in essence the big thing this solves is. This will prevent the centralization of the chain to a few large validators that have a disproportionate control over the network.
Although i dont have news specifically today to bring you in this video, we cover cardano all the time, the ecosystem, as well as the dapps being built, definitely a main contender in this smart contract space. We know they just partnered with boost mobile dish, network ethiopia. So the excitement for cardano is undeniable. I would go even further on that list and mention polygon and meter protocol two depth platforms that are clearly dominating theyve, recently integrated together eth inner operators, competitors to keep on the radar – and i guess, lets wrap this up by you, letting me know which death platform Stood out to you down below in the comments section like i said, i am bullish on eath eth is not going away, but what eath quote unquote fails at or could do better at.