So far, 2018 has been a tough year for cryptocurrencies – let’s not even mention ICO investing. It’s a difficult situation to watch, since the Global Market Capitalisation has decreased a lot and the BTC power has increased by about 53%. When it comes to ICOs, the changes showed that investors are willing to take a less risk, things that led to small investments in the ICO market. So this meant longer sales and smaller returns at the exchange.
We’ve written this article to give you the best ICO’s to pay attention to in 2018.
People know Skynet as being the AI blockchain chip for the Internet of Things – it allows connectivity between billions of gadget which are optimized with the help of a blockchain network.
When it comes to the IoT, gadgets should interact with each other in a secure and fast way, without the human help. The aim is for the gadgets to connect freely to reduce our everyday efforts. With the IoT, there’s trust between the gadgets, and the costs are reduced, since they eliminate the mediator and the data gets exchanged immediately.
Skynet seeks into replacing the IoT gadgets with a blockchain enabled chip that they can call their own, which is called Skynet Core. The aim is to connect millions of gadgets with the help of a blockchain network that can handle millions of interactions.
This one is also seeking IoT. The aim is to become a solution when it comes to developing the IoT industry, by introducing a system that can reward users, miners and service providers.
Blockcloud will make the most out of SCN (or Service-Centric Networking), which is a web 3.0 idea that wants to use service names, and not addresses. Lots of gadgets won’t have the connectivity problem anymore, and they could interact without any kind of slowdown.
This one has the aim to use a blockchain network in order to connect the shared processing power of the idle calculating gadgets. With the help of mobile phones, PC and laptops and through a dispersed blockchain network, they want to give shared computing power that can represent the rival of Microsoft, Amazon or Alibaba.
It’s true, their vision is not original, but it’s amazing how they can establish models. They give an alternative to some existing centralized cloud calculated service providers, so Uranus becomes an economic, decentralized substitute. They are expected to have an efficient program for a low cost – lower than the traditional methods.
This one has worked at their own private blockchain from 2014. Along the way, they released SofiWay, which is a platform that leads the way of the early development of E-Krona, which is known as a digital currency.
We should also mention PostChain, which is ‘The First Consortium Database’ that collaborated with the National Bank of Sweden to make ‘The University Identity Hub’. You should keep in mind that they did all of this without the help of ICO.
Metabase is a 3rd generation blockchain that talks about the problems that exist in the present chains and works on improving the technical and design limitation that come with the first generation protocols (like Ethereum and Bitcoin).
Their aim is to challenge the existing blockchain platforms, which introduce the new split chain concept. They split the blockchain structures into multiple chains that are formed. Then they split into two equal halves and then they again split – it really depends on the demand and the mining capabilities. This will go into a binary tree. As a result, the transaction times will scale effectively, because of the fact that the mining force will be split into multiple blocks.
Henry Lares is still early into his career as tech reporter but has already had his work published in many major publications including Tech Crunch and the Huffington Post. In regards to academics, Henry earned an engineering degree from Apex Technical School. Henry has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.