Crypto influencer “Coin Bureau” (“@coinbureau” on Twitter) desires folks to regulate one undervalued altcoin.
In a latest YouTube video titled “Concord: Is ONE The MOST Undervalued Crypto??”, the present’s pseudonymous host instructed the “Coin Bureau” channel’s over 559K subscribers that he was enthusiastic about ONE, the native asset of the Harmony blockchain.
He mentioned that Concord operates as a sharded good contract blockchain that’s absolutely interoperable with Ethereum. As well as, the venture has managed to achieve a $5.5 million funding by Binance Labs, the enterprise capital arm of Binance, since being based in 2018.
Right here is how Binance Analysis describes this venture:
“Concord is a quick and safe blockchain for decentralized purposes. Concord’s essential focus is on attaining scalability by dividing not solely the community nodes but in addition the blockchain states into shards, ‘scaling linearly in all three points of machines, transactions and storage’.
“Concord’s sharding advantages by Verifiable Random Features for safe and random state sharding. The consensus mechanism of Concord, Efficient Proof-of-Stake, innovates on Sensible Byzantine Fault Tolerant consensus mechanisms to additional cut back centralization, whereas supporting stake delegation, reward compounding and double-sign slashing.
“Its utility token, ONE, is working on Concord’s mainnet since June 2019 and is prospected to achieve an annual inflation of three%. The token have to be used as stake for community validators and is required to provoke transactions.“
Coin Bureau explained what he finds attention-grabbing about Concord:
“Not like most cryptocurrencies, the Concord blockchain shouldn’t be a fork of one other widespread cryptocurrency’s blockchain, nor was it constructed utilizing a generic blockchain developer toolkit just like the Cosmo SDK. Concord was constructed from the bottom as much as correctly deal with the problems of scalability, safety, decentralization and in addition privateness.“
The favored dealer highlighted ONE’s 20X worth surge since January, making it top-of-the-line performing altcoins YTD. Nonetheless, he predicted there was nonetheless room for worth development given the altcoin’s low market capitalization of $1 billion.
Featured Picture Credit score: Photo by way of Pixabay.com
The views and opinions expressed by the writer are for informational functions solely and don’t represent monetary, funding, or different recommendation.