What is the purpose of storage coins (currencies based on storage concepts)
What is the purpose of storage coins? According to blockchain browsers, there a
What is the purpose of storage coins? According to blockchain browsers, there are currently several types of storage coins available in the market.
1. Cryptocurrencies based on distributed data structures
2. Stable tokens developed on the Ethereum network
3. Decentralized protocols used for storing digital assets
4. A way to pay miners’ fees
5. Can be used as a medium of exchange and settlement in traditional finance
6. Ensures depositors can gain certain profits through algorithms
7. Ensures fund security through blockchain technology
8. Ensures the security of storing private keys through smart contracts
9. Replacing fiat currency with Bitcoin
Currencies based on storage concepts
According to data, among the top 100 currencies by market capitalization, 14 of them are based on storage concepts. EOS ranks third in terms of market capitalization with a growth rate of 11.3%. BCH, BSV, and DASH are also among them. It is worth mentioning that BCH is one of the Filecoin landing projects, and FIL is a distributed storage application protocol.
In addition, a recent hot news has attracted market attention: According to CoinMarketCap, as of 18:00 (GMT+8) today, the global average price of Bitcoin was $54,000, with a 24-hour decrease of 5.38%.
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