Cryptos to sustain the hit as Bitcoin (BTC) Crypto Collapse happens – Privatixy Token (PXP), VeChain (VET) and Hedera (HBAR)
Privatixy Token (PXP), VeChain (VET) and Hedera (HBAR)
There’s a lot of uncertainty as the crypto collapse is ongoing, July 4th 2022 for example showed a lot of cryptos trading flat with the global market cap rising by 0.6 per cent to roughly 871 billion dollars. Stablecoins were at approximately 36.4 billion as Bitcoin (BTC) continues to float around the 19-thousand-dollar mark.
Bitcoins (BTC) rise or fall in the market matters because altcoins tend to follow this trend whether immediately or in a delayed fashion. Privatixy Token (PXP) is a new blockchain along with established VeChain (VET) and Hedera (HBAR) that can potentially resist damage even as Bitcoin (BTC) plunges and we will discuss them today.
Privatixy Token (PXP)
Privatixy Token (PXP) is a blockchain that’s not one to play with your security, this is an open-source protocol giving you a range of privacy-preserving tools and its priority is to do it in a decentralized and user-friendly manner. Privatixy Token (PXP) gives the user admission to alternatives when it comes to privacy-invading tools. Essentially, this is a privacy-preserving network that acts as a backbone of blockchain technology in its ability to effectively secure both communication and client transactions.
Its open-source feature allows the network to have an exponential rise in the different applications and dissemination of the network. Privatixy Token’s (PXP) open-source nature also makes data storage to be a highly transparent and public experience, unlike the conventional methods. This prevents data manipulation or interference which goes a long way. Privatixy Token (PXP) is meant to address the slow speeds that come with security and privacy-centred blockchains.
Data protection is prized within the network as strong computation combinations are employed to give the user sufficient privacy and data protection. A Zero-knowledge proofs protocol method is used whereby data is processed in bits which lets the user choose the data he/she wishes to deliver; this defends the user from providing data without consent.
The Privatixy Token token (PXP) is a cryptocurrency native to this platform and it helps with matters of governance and rewards among other things; it’s currently going for presale and can be bought by anyone interested.
VeChain (VET) is a platform surviving crypto collapse and improves supply chain management along with business processes. It aims to make information flow more easily for the supply chains via distributed ledger technology (DLT). It has two tokens, the VeChain token (VET) which governs the platform and the VeThor token (VTHO) which is energy within the platform that carries out smart contract executions.
VeChain (VET) gives blockchain-as-a-service (BaaS) goods to users in the data management sector and the platform’s mission is to allow business owners who are involved with cryptocurrency to effortlessly transfer business activities. The VeChain (VET) platform currently has a market cap of $1,632,048,366 showing its might even in this era of bear market 2022.
Hedera (HBAR) is a unique blockchain that gives users the ability to transact and develop decentralized applications (dApps). Organizations from anywhere can create and set scalable dApps to help them. Hedera (HBAR) delivers 10,000 TPS, a finality of fewer than 5 seconds and cheap transactions below a cent. Hedera (HBAR) uses a specific kind of proof-of-stake (PoS) consensus mechanism also known as a Directed Acyclic Graph which avoids proof-of-work (PoW) mining taking place within its platform.
The native Hedera token (HBAR) aids the network with transactions, finality and other functions and although not on presale anymore, they can be bought for approximately 0.06093 dollars which is relatively cheap compared to other established altcoin counterparts.