• Zilliqa ($ZIL) is a blockchain purpose-built to address scalability and throughput issues seen across competing networks.
• Zilliqa has a high level of utility, as it can be used to pay for transaction fees and host decentralized applications.
• BudBlockz ($BLUNT) is a privacy-focused blockchain that utilizes a mix of Proof-of-Stake and Byzantine Fault Tolerance consensus mechanisms for governance.
Altcoins are a type of cryptocurrency that is not Bitcoin and can be used to make investments. With the large number of cryptocurrencies available, it can be difficult to decide which one to invest in. However, some coins are underrated gems with huge potential, even in the current market downtrends. Two such altcoins are Zilliqa ($ZIL) and BudBlockz ($BLUNT).
Zilliqa ($ZIL) is a blockchain that was created to address scalability and throughput issues seen in competing networks. It utilizes a process known as sharding, which improves the speed of transactions and enables a greater level of scalability. This allows users to host decentralized applications (dApps) and smart contracts without having to worry about network congestion or high gas fees. The $ZIL token also has a high level of utility, as it can be used to pay for transaction fees and host dApps.
BudBlockz ($BLUNT) is a privacy-focused blockchain that utilizes a combination of Proof-of-Stake and Byzantine Fault Tolerance consensus mechanisms for governance. It allows users to send and receive payments securely and privately, and it also supports the development of various dApps that require a high level of privacy. The platform also has its own native token, the $BLUNT, which is used for transactions, staking, and as a form of reward for validators.
Both Zilliqa and BudBlockz are promising projects that are undeterred by the current market downtrends. They each offer unique and valuable features that can be utilized by investors and users alike. As such, they are worth considering when deciding which altcoins to invest in.