No products in the cart.
- Latest
- Trending
ADVERTISEMENT
Two Cryptocurrencies Should Launch in 2023 with the Potential to Solve Critical Market Problems
Being able to invest in cryptocurrencies before their launch is very important to your profits in the cryptocurrency market. While you can likely increase your capital by investing in new tokens, you may lose money if you enter an altcoin without knowing the fundamentals.
For this reason, this article will focus on two cryptocurrencies that are slated to launch in 2023 and have huge growth potential in the coming year. This is because the increasing market cap of these altcoins is based on sectors that show promise in the blockchain ecosystem.
Arbitrum is a Layer 2 cryptographic project on Ethereum (ETH). Its focus is to bring scalability to transactions on the market-leading altcoin network without users giving up the security of her ETH blockchain.
With the arrival of The Surge in 2023, projects looking to grow in this space could become one of the top contenders for investors. But why might Arbitrum be so popular? Layer 2 Cipher?
Arbitrum is designed to enhance Ethereum’s smart contract capabilities to increase efficiency and reduce costs, as well as adding privacy features to these contracts.
The project also has a platform focused on the developer experience. So they have a place to develop smart contracts without the complexity.
Arbitrum has a custom virtual machine, the Arbitrum Virtual Machine (AVM). This machine can run smart contracts compatible with the Ethereum Virtual Machine (EVM).
To scale ETH smart contracts, the platform uses optimistic rollup technology.
Another sector that could grow significantly in 2023 is Layer 0.
Layer 0 solutions are developed for the blockchain market, enabling interoperability and construction of blockchains with specific characteristics without the need for centralized protocols.
Layer 0 solutions enable interoperability and construction of blockchains with specific characteristics without the need for centralized protocols.
ZetaChain fits in this space and is also one of the platforms that focuses on developer experience. Therefore, we aim to make development on the network easily achievable, helping those who wish to develop, saving time and allowing them to focus on building smarter contracts.
As with other Layer 0 projects such as Polka dot (DOT) and Cosmos (ATOM), ZetaChain seeks to provide interoperability between blockchains. However, the project stands out by providing smart contract functionality to blockchains that don’t have a network for this, as is the case with Bitcoin (BTC) for example.
Smart contracts can be deployed natively on ZetaChain, which can read and write connected chains. ZetaChain is the only public blockchain that supports smart contracts with this feature.
