Cryptocurrency trading has always been a risky process due to volatility. What is more important, trading is becoming less profitable since governments and institutional investors remain skeptical about cryptocurrencies. Rates of major cryptocurrencies are becoming increasingly dependent on governments of countries such like South Korea or China. They can crash rates just talking about their plans for cryptocurrencies trading regulations. It’s time to remember projects that not just offer their tokens but also provide useful services and show other ways of blockchain application. I would be interested in your opinion about these platforms.
Founded by MIT graduates and researchers, Enigma is an ambitious project aiming to solve two critically important problems of blockchain. Firstly, Enigma promises to ensure privacy by means of the new type of Smart Contracts that is called Secret Contracts and based on unique technology Enigma develops. Secondly, Enigma uses several approaches to solve the problem of scalability and thus realize great potential blockchain has.
Enigma is a privacy protocol – a blockchain-agnostic, second-layer network for private computations that protects sensitive data.
Blockchains are a revolutionary technology, but they are being held back by fundamental limitations:
Privacy – Data on the blockchain is accessible by anyone, making storing sensitive data impossible. This restricts the number of applications for blockchains.
Scalability – Computing on the blockchain is too slow and expensive. Storing and computing over very large amounts of data on the blockchain is not feasible.
Enigma’s protocol fixes these issues and unlocks the value of blockchains by enabling truly decentralized applications. The promise of Enigma lies in its unique technology that protects privacy of data while still allowing for computation over that data.
The Enigma protocol is a second-layer network that can work with any blockchain. Nodes in the Enigma network do not see the data they compute over, yet they can publicly prove that they have run a computation correctly. This opens the door for a new type of smart contracts – “secret contracts,” where the underlying data processed in the contract remains encrypted at all times.
Fundamental protocols like Enigma are essential to solving the limitations of blockchains and creating a truly decentralized future. With Enigma, we can unlock billions in value across multiple industries including data, credit, finance, healthcare, AI, IoT, and more.
A platform that allows users to get loans using blockchain assets as a collateral. Keep your crypto – get your cash, that’s the company motto. With simplified application process, fast approval and no prepayment fees, SALT offers a convenient service that many crypto traders definitely need.
SALT lets you leverage your blockchain assets to secure cash loans. We make it easy to get money to spend without having to sell your favorite investment.
- Easy application, fast approval, and no credit checks. Get cash deposited directly into your bank account.
- Competitive interest rates with no prepayment fees. Maintain your position and avoid less-than-optimal tax events.
- Freedom to get your assets back whenever you want. Cash to spend however you want.
SALT streamlines every step of the loan. We’ve simplified the application process by focusing on the value of the borrower’s blockchain assets instead of their credit score. Borrowers are automatically matched with capital from our extensive network of lenders. And SALT keeps collateral assets safe in a fully-audited, ultra-secure architecture during the life of the loan so members can borrow with confidence.
Designed to enable people all around the world to earn money by utilizing technology. Using its gamified micro-task platform for STORM tokens, the project makes it accessible for members to find and use new ways to earn and engage from anywhere, at any time, from any device.
A decentralized social platform created for business professionals and IT specialists. On the network, they can connect with each other and strike business deals by means of smart contracts in no time. Ties.Network is based on a trustworthy rating system and makes sure all participants can focus entirely on business and benefits of beneficial relationships.
Ties.Network is a business platform for the crypto-community that allows you to find professionals with proven skills, strike business deals in crypto, and create projects. Ties.Network is based on a public, decentralized, distributed database – Ties.DB
Our friend /u/moratutu originally put together this shortlist.