In the crypto industry, like everywhere else, it’s usually the biggest coins that grab the headlines. And it is completely understandable that being the biggest coins, they are also the most popular, profitable and reliable options on the market. In the field of cryptography, Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) are prime examples.
However, one particular fact that is often overlooked is that while the big coins are the most likely to net you a fortune, they are not the only ones capable of doing so. There are lesser known coins on the market that have the ability to do this and are often referred to as “crypto gems”. Ethereum Classic (ETC), Hedera (HBAR), and Logarithmic Finance (LOG) are three crypto gems every investor should know about in 2022.
How is Ethereum Classic (ETC) different from Ethereum (ETH)?
Ethereum Classic (ETC) is a cryptocurrency, smart contract, and blockchain platform designed to support other applications such as decentralized applications (dApps). The platform allows dApps built on it to issue their own tokens. This also includes NFTs.
Whatever its name, Ethereum Classic (ETC) is not the same as Ethereum (ETH). Both platforms were the same and under one umbrella (Ethereum) at first until a disagreement caused a split.
A vulnerability in the code of the original Ethereum led to the withdrawal of millions of dollars from network funds, and something had to be done. To remedy the situation, the major players suggested creating a hard fork to reverse the hack and get people their money back, but this solution didn’t sit well with purists who thought the ledger shouldn’t be tampered with. As no compromise could be found, the two parties went their separate ways.
Years after the split, Ethereum (ETH) is clearly doing better and enjoying a better reputation, more investments and higher monetary value. Ethereum Classic (ETC) retains a community of hardcore users and developers and a multi-billion dollar market capitalization. Its native crypto, ETC, is one of the top 30 cryptocurrencies by market capitalization, at the time of writing.
Hedera (HBAR) – a next-generation cryptocurrency
It goes without saying that mining is an essential feature of current blockchain-based systems. These systems rely heavily on mining for their verification processes, among other things.
But mining is a power-intensive process that requires computers to perform complex calculations to verify transactions. What if there was a way around this problem by removing mining entirely and using a whole new ledger structure? This is where Hedera (HBAR) solves this problem.
Hedera (HBAR) uses a technology known as Directed Acyclic Graph (DAG) to achieve over 100,000 transactions per second. Currently, the Hedera (HBAR) platform performs 6.5 million transactions per day with an average transaction time of 5 seconds.
Hedera (HBAR) differs from other blockchain-based platforms because it does not rely on a heavy proof-of-work (PoW) consensus mechanism to operate. It is faster than Bitcoin (BTC) and Ethereum (ETH) because transactions are processed in parallel, not serial. Additionally, it has fast latency, requiring only a few seconds for transactions to be sent and confirmed.
Finally, Hedera (HBAR) offers extremely low fees and fast transactions. Transactions on the platform reach absolute finality in just seconds and transaction fees cost less than 1 cent. At the time of writing, its native cryptocurrency, HBAR, is one of the top 40 cryptos by market capitalization.
Why is logarithmic (LOG) finance attracting market attention?
Decentralized Finance (DeFi) represents a tremendous opportunity for financial growth in the years to come. Unlike traditional financial systems which are entirely opaque, subject to market volatility and operate on top of a fractional reserve system, DeFi platforms are completely transparent, open and accessible to everyone.
Logarithmic Finance (LOG) is one such product within the DeFi ecosystem. With features like Liquid Staking and Decentralized Exchange (DEX), Logarithmic Finance (LOG) will usher in a new era for DeFi products and hopefully bring the movement closer to mainstream adoption.
The LOG team aims for a multi-chain and cross-chain implementation to provide the best user experience to its community. Innovators will be able to raise funds across multiple blockchain networks and reap several benefits, including lower gas fees based on network availability and higher transfer processing speeds.
Logarithmic Finance (LOG) is currently in presale, showing a huge increase in its value with an increase of almost 400% so far. You can find more information about LOG via the links below.
Log Finance (LOG)