Proof-of-stake cryptocurrencies such as new crypto PrivaCrip (PRCR), Cosmos (ATOM), and Avalanche (AVAX) possess several technical benefits (blockchain security) and different economic rewards to their holders (simply put, users can earn by holding several PoS cryptocurrencies). This provides the dual advantages of securing the blockchain network and allowing users to earn incentives or rewards on their holdings.
However, cryptos such as PrivaCrip (PRCR), Cosmos (ATOM) & Avalanche (AVAX) offer additional benefits to the cryptocurrency market due to their unique use cases. These use cases help to boost their widespread adoption, appeal, and value.
If you don’t already have any of these PoS currencies, you should start exploring them since they can be a great source of smart passive income. Let’s discuss how they add more to the blockchain space.
Cosmos (ATOM) — PoS Token For Blockchain Interoperability
Cosmos (ATOM) is a unique DeFi project. The Cosmos (ATOM) network seeks to address the issue of blockchain interoperability, which enables interaction across different blockchains.
Cosmos (ATOM) allows chains to share data and information and speed up transactions using open-source tools. Each new block created is held on the Cosmos hub, a proof-of-stake (PoS) blockchain that operates with the network’s digital token – ATOM.
ATOM tokens offer multiple utilities, including completing network transactions and facilitating interoperability between different blockchains. ATOM is also distributed as rewards to Cosmos network validators – the users governing the chain.
With a market cap of $2.9 billion, ATOM is, at the time of writing, the 27th largest cryptocurrency by market cap, according to Coinmarketcap.
Avalanche (AVAX) — PoS Token For Blockchain Scalability
Avalanche (AVAX) is a blockchain platform that uses a unique proof-of-stake (PoS) approach to address the blockchain trilemma of scalability, security, and decentralization.
Like Ethereum, Avalanche (AVAX) supports smart contracts to run decentralized applications (dApps) on its network. Since Avalanche’s smart contracts are written in the Solidity language, also used by Ethereum, it aims to create greater blockchain interoperably by integrating several decentralized finance (DeFi) ecosystems, including well-established projects like Aave and Curve.
According to reports, Avalanche (AVAX) has the most validators performing proof-of-stake work and is the fastest smart contracts platform.
AVAX, the native token of the Avalanche platform, powers the ecosystem. AVAX serves as the means to distribute system rewards, participate in governance and facilitate transactions on the network by paying fees.
PrivaCrip (PRCR)
PrivaCrip (PRCR) is a new proof-of-stake (PoS) built with the Cosmos SDK. Fuelled by its native token, PRCR, PrivaCrip combines private computing and blockchain. Blockchain considers logging and authorization with high accountability and “auditability.” Private computing guarantees information confidentiality which also prevents unauthorized reuse.
PrivaCrip (PRCR) created the pioneer classified parallel runtime system for executing private smart contracts. In a private parallel runtime system, the nodes must leverage an innovative, secure registering technology called a Trusted Execution Environment (TEE). TEEs function as theoretical black boxes for executing smart contracts in a classified parallel runtime system.
Encoded data goes into the black box alongside a smart contract, where the data is decoded, processed by the smart contract, and afterward encrypted before being sent to the TEE.
Debuting on the cryptocurrency market, the project is about to launch its presale. You can hop on this bandwagon, and earn exciting presale bonuses, including 7%, 4%, and 2% bonuses, respectively, on the first three presale stages.
Final Thoughts
PoS cryptocurrencies allow users to earn passive rewards without liquidating their holdings. Yet, having blockchain in-demand use cases can aid community growth and improve their token value and consequently improve the value of users’ holdings.
Consider PrivaCrip (PRCR) if you are new to the cryptocurrency market and want an innovative PoS project. This platform is user-friendly and allows you to get started instantly.
Moreover, when buying their presale, you can earn a 10% bonus on Bitcoin (BTC) and a 15% bonus on Ethereum (ETH).
To know more about PrivaCrip (PRCR) and its presale, go to:-
PrivaCrip (PRCR)
Presale: http://join.privacrip.io/
Website: http://privacrip.io/
Telegram: https://t.me/PrivaCripOfficial
Twitter: https://twitter.com/PrivaCrip
Source: https://www.cryptonewsz.com/privacrip-cosmos-and-avalanche-to-add-more-to-the-blockchain-space/