4 New Cryptocurrencies You Need In Your Wallet

Chainlink Offers an "Oracle" Network

Chainlink (LINK-X) is another "bridge" type cryptocurrency. Specifically, Chainlink is a network of oracles that deliver data to settle smart contracts. While smart contracts are common, getting the trusted data to settle them accurately and efficiently is not easy. Chainlink fixes this by linking to multiple oracles. It also emphasizes having many sources of data to ensure at least one source will be available when needed.

This expands the capability of a smart contract to a wide range of uses. For example, an insurance company can use sensors to track the speed of a vehicle, with information from those sensors transmitted to the smart contract to calculate a more precise insurance premium in real time. This kind of communication between sensors, databases, and smart contracts is what Chainlink makes possible.

Chainlink is up over 800% in the last year as the crypto market hype has exploded. But it's one of the most promising cryptos on the market when you consider its future use. A single LINK is $35 today. The coin still has plenty to grow at $15 billion market cap.

Tezos Could End Coin Splits Forever

Tezos (XTZ-X) is another coin that has been referred to as an "Ethereum Killer." It shares much of the same smart contract functionality. One advantage to Tezos is that forks are virtually impossible. See, a "fork" is when a team of developers disagrees in the way a cryptocurrency operates. So they break off and create their own.

Theoretically, a cryptocurrency can split into hard forks for eternity. That would just give you thousands of competing cryptocurrencies with similar functionality; nobody really "wins." Tezos, however, prevents these splits by building an amendment process into the blockchain. There's an entire interface allowing developers to propose and test changes to the blockchain, with stakers voting to approve or reject those changes.

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Disclaimer: Any performance results described herein are not based on actual trading of securities but are instead based on a hypothetical trading account which entered and exited the suggested ...

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Bitcoin Bandit 1 month ago Member's comment

How are these "new?" Newer than Bitcoin, sure. What not exactly new.

Andrew Armstrong 1 month ago Member's comment

To crypto investors that's true. But I doubt lay investors have ever heard of these lesser known cryptocurrencies.