The willingness and ability to think outside the box is the main factor that contributed to the growth and development of major cryptocurrencies and their respective platforms today. Blockchain technology, a concept formerly unknown, is now an industry of its own, and it’s all because developers decided to think beyond the walls of centralization. Youniverze (YUNI), Tron (TRON), and Solana (SOL) are three cryptocurrencies advancing in today’s crypto space.
Youniverze (YUNI) is a decentralized and multichain finance network aimed at solving the problems of blockchain technology: scalability, transaction efficiency, and interoperability.
One major solution Youniverze (YUNI) hopes to solve is interoperability. The platform will be built to support cross-chain networking to allow for easier transfer of assets across blockchains.
As a decentralized finance (DeFi) platform, Youniverze (YUNI) hopes to be the most reliable platform for asset trading and swapping across multiple blockchain networks. The platform will be optimized for easy navigation and understanding, solving the problem of complexity common among most cryptocurrency platforms. This is essential for new users of blockchain technology.
Youniverze (YUNI) will not be left out of the benefits of the Metaverse. With its unique finance Metaverse, users can interact and express themselves while conducting business on the platform.
Also, as part of its efforts to improve decentralization, Youniverze (YUNI) will offer its users the opportunity to vote on projects to be undertaken on the platform using the native cryptocurrency token, YUNI. The token will also be used for payments, and platform development and to serve as rewards for users through staking. When a user refers a friend to buy $250 worth of YUNI tokens, both the user and the friend will receive $50 bonuses each.
Tron (TRX) is a decentralized Blockchain-based platform built specifically for the introduction of a decentralized internet. A decentralized web is a concept that makes use of peer-to-peer systems instead of centralized hosting services. With the transparency of blockchain, this is possible.
Tron (TRX), just like Ethereum, utilizes smart contracts to allow the development of decentralized applications (dApps).
To keep its platform safe, Tron (TRX) allows for staking by relying on a consensus mechanism known as delegated Proof-of-Stake (dPoS). Users also get to earn rewards when they partake in staking. Also, there are no fees for transactions made on the network. Tron (TRX) also makes use of a Decentralized Autonomous Organisation (DAO) to keep its network democratic by allowing network users to vote on key decisions affecting the community.
In order to vote, network users have to be holders of TRX, the platform’s native cryptocurrency token. Users can store their tokens either on a mobile wallet (short-term) or a hardware wallet (long-term).
With the capability of over 35,000 transactions per second, Solana (SOL) has been considered one of the major blockchain platforms for decentralized applications (dApps) and exchanges. Solana (SOL) is a unique fourth-generation platform designed to solve the problem of scalability by introducing the latest technology. To do this, the developers of Solana (SOL) created a series of systems and mechanisms like the delegated Proof-of-Stake (dPoS) consensus mechanism, a Proof of History mechanism, Pipelining, Turbine, Cloudbreak, and many more.
These systems have been put in place for one major function: improvement of scalability and subsequent optimized user experience.
The native cryptocurrency token of the Solana (SOL) network is SOL. Users get to earn passive income when they stake their holdings on the network through its Delegated staking options.
Youniverze (YUNI), Tron (TRX), and Solana (SOL) will continue to find their way into crypto headlines regularly as they create exciting new developments for users.