Every day new cryptocurrency projects emerge with the aim of improving and solving the existing challenges of old projects. Sometimes they even aim to fix new challenges that arise as technology evolves. There are a wide variety of incredible projects within the large cryptocurrency ecosystem that we can take advantage of by investing in them to grow wealth. Here are three amazing altcoins that you can consider adding to your portfolio, let’s take a brief look at them.
Toncoin (TON)
Toncoin (TON-USD) emerges as a great cryptocurrency that is forged within the incredible TON network. It was primarily conceived by Telegram in 2018, but then passed into the hands of the TON Foundation. And, then it was renamed “The Open Network.” Its main goal is based on streamlining secure and transparent transactions through a decentralized blockchain.
The TON Foundation has been working continuously to perfect this technology since 2020. They have a vision that goes beyond simple transactions. Among their future goals is to erect a holistic ecosystem that can provide decentralized storage, diverse services, a domain name system and also instant payment solutions.
One of the many attributes that make this project stand out among altcoins is its adoption of a consensus model based on Proof of Stake (PoS). Which means consensus optimizes scalability and reliability while minimizing environmental impact.
They also have an Accelerator Program, which reflects the foundation’s commitment to fostering projects that live within their ecosystem.
NEAR (NEAR)
Next on the list of altcoins is NEAR Protocol (NEAR-USD). This project was primarily designed to overcome the limitations that other blockchains have created, such as slow transactions and limited interoperability. This project presents itself to its users and investors as a large community-driven cloud platform. Part of its special and interesting features is “Doomslug,” which is a great consensus mechanism that is responsible for ensuring the smooth operation of the network.
Another of its other great attributes lies in NEAR’s development of account aggregation. This provides the opportunity to transact on any blockchain by simply using a single account interface. Thanks to that great innovative attribute, there is no need to manage a large variety of wallets or use different networks, this undoubtedly offers a unified experience and simplifies all processes for users.
In addition, if all of the above were not enough, they have partnered with D3, who serves as a fundamental pillar for the digital infrastructure to acquire the “near” domain.
Mantle (MNT)
Mantle Network (MNT-USD) is responsible for streamlining the flow of transactions. This project is designed in modules, which makes it easy to update and allows it to adapt to the latest innovations in the ecosystem.
It has a great decentralized decision-making structure, where instead of having a centralized hierarchy, it allows its users and investors to participate in its governance through a democratic system.
Its native currency, MNT, acts as a pass that allows you to log in and participate in the process. The token helps cover transaction fees, it also drives the growth of the ecosystem. This includes being able to participate in important decisions.
Among their latest strategic moves is the partnership with Lagrange, which aims to improve the interoperability of the system. They have also made an integration of Stargate with the aim of opening new possibilities to the ecosystem.
As of this writing, Gabriel Osorio-Mazzilli did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
