- Cardano offers decentralized governance with ADA token holders participating in network decisions.
- NEAR Protocol uses Nightshade technology for massive transaction throughput and scalability.
- BitTorrent continues to expand its decentralized file-sharing platform under TRON with new premium features.
The staking landscape is still changing, and different projects are attempting to solve problems for different industries. Cardano, NEAR Protocol, BitTorrent, and Flow are four notable platforms in this space. They all provide various abilities and have been in the spotlight for participating in decentralized technology.
Cardano(ADA) Proof-of-Stake Blockchain
Current price: $0.6064
Market cap:$21.39B
Cardano is a proof-of-stake blockchain platform presented as a project that strives to bring positive change globally. Its aim is to redistribute power from centralized structures to individuals and to encourage security, transparency, and fairness. ADA is used for governance, where its holders vote on software changes.
Due to its modular approach, Cardano is ideal for developing decentralized applications (dApps) and smart contracts. Blockchain is used in several areas, such as agriculture, education, and retail. For instance, agricultural companies use the platform to trace products from farm to table, while educational institutions use it to securely and tamper-proof store credentials. It has an actual use case for retailers to fight counterfeit goods.
NEAR Protocol(NEAR) Developer-Friendly Features
Current price: $2.01
Market cap: $2.41B
The NEAR Protocol is a community-driven blockchain that solves the challenges of low transaction speed, throughput issues, and poor interoperability. It provides a cloud computing platform with scale and performance relevant to decentralized applications (DApps).
The distinguishing feature of NEAR is its consensus mechanism Doomslug aiming to swiftly finalize transactions. The protocol then uses the Nightshade protocol, a sharding method that processes transactions in parallel across many separate chains, significantly increasing the transaction throughput. With up to 100,000 transactions per second and near-instant finality, it boasts minimal transaction fees.
BitTorrent(BTT) Decentralization under TRON
Current price: $0.0000005916
Market cap: $583.46M
BitTorrent became a more decentralized ecosystem after its acquisition by TRON . The BitTorrent Token (BTT) was introduced to the platform, which is utilized for different operations within the BitTorrent environment, including BitTorrent Speed.
TRON’s expansion will solve these inefficiencies of traditional distribution networks. Since BitTorrent is decentralized, using the protocol allows users to share content peer to peer without going through intermediaries and increases the speed and efficiency of content distribution. Moreover, BitTorrent has gone on to offer premium services, one of which is a VPN and ad-free browsing, intensifying the promising value it brings to the emerging decentralized space.
Flow(FLOW) Blockchain for Consumer Applications
Current price: $0.3382
Market cap: $533.18M
Flow is a new layer one blockchain created for consumer-type applications. It is based on a Proof of Stake consensus mechanism and uses a unique multi-role’ architecture to solve the blockchain trilemma of balancing scalability, efficiency, and decentralization.
FLOW is Flow’s native token, used for paying transaction fees, staking, and buying and selling assets, including NFTs and gaming. Flow has launched NBA Top Shot and NFL ALL DAY as major projects. Its architecture is meant to scale to mainstream use, and already, over 45 million users have used products on Flow and seen the power of the architecture to handle a lot of traffic
