The post Cronos, Solana, And Polkadot Lag Behind BudBlockz In Growth And Innovation appeared first on Coinpedia Fintech News
2022 was a roller coaster for all cryptocurrencies. Events like FTX’s downfall resulted in a crypto Winter, causing drastic declines in price charts of popular cryptos, including Cronos, Solana, and Polkadot.
The market condition shifted investors’ attention to new promising cryptos that are currently fetching exceptional gains, one of these emerging new crypto projects being BudBlockz (BLUNT) market share in the smart contract arena.
The global legal cannabis market was valued at USD 17.8 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 25.3% from 2022 to 2030.
The increasing rate of legalization of cannabis and acceptance of its use in the medical field are the key factors for which the market is expected to boom.
BudBlockz is building the world’s first decentralized online eCommerce for cannabis enthusiasts to access the global cannabis markets privately and securely.
BudBlockz (BLUNT) plans to connect its users with fractionalized ownership in farms, dispensaries, and CBD manufacturers.
It will also feature its NFT collection, known as the Ganja Guruz NFT Collection, which, when released, will add an even greater level of utility to the network.
The platform’s native token, $BLUNT, will power its ecosystem and drive many activities to grow the ecosystem through staking, governance, rewards, and voting.
Also, $BLUNT will play a crucial role in solving many issues cannabis companies and entrepreneurs face regarding fundraising, logistics, and data management.
The company offers another great opportunity for investors worldwide to become part of the platform’s success story through its ongoing presale stage.
Crypto.com is a decentralized blockchain platform developed by the Crypto.com payment, trading, and financial services company.
$CRO is the utility token for the Crypto.com exchange. CRO can be used to pay fees on the platform and staked to qualify for various benefits.
The platform saw significant growth last year, partly reflecting Crypto.com’s aggressive promotional activities. Like most crypto projects, CRO has struggled so far.
Crypto.com will allow users to buy and sell with fiat currency and debit cards, along with trading, lending, and borrowing. It also features a non-custodial wallet.
Crypto.com has its own problems. Within the U.S., Crypto.com is not available to New York residents. Also, expect to pay some hefty fees if you use a credit or debit card—as high as 4%.
While there are workarounds, like using ACH for transactions, not all banks can be connected to Crypto.com.
Solana is an open-source blockchain platform that supports smart contracts, including non-fungible tokens (NFTs) and various decentralized applications (dApps).
Native to Solana’s blockchain is the SOL token, which provides network security through staking and a means of transferring value.
Anatoly Yakovenko created Solana alongside current Solana board member and Chief Operations Officer Raj Gokal.
Yakovenko came from a background in system design and wanted to apply his knowledge to a new blockchain paradigm that enabled faster processing speeds.
Solana (SOL) seems promising, but investors still need to decide about putting their money on the platform. Solana (SOL) has yet to make any progress in terms of price growth for a long while and is trending at a significantly low rate.
Polkadot is a network designed to join the dots with all other crypto networks. It is commonly referred to as a multi-chain network because it can join networks together, unlike networks like Bitcoin, which operates on its own.
It aims to act as a framework for all blockchains that opt-in, like how HTML allows sites, browsers, and servers to interact.
The idea is to take care of costly and messy cryptocurrency mining processes (including validation of transactions and security protocols) and enable developers to focus on creating dapp and smart contract functionality.
Polkadot (DOT) faces high competition from decentralized applications, including Ethereum, Tron, the Binance Smart Chain and Cardano. Polkadot does face a difficult battle in acquiring
Many experts have hinted that BudBlockz (BLUNT) is an important token to watch out for because it can potentially transform the cannabis industry.
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