Altcoins have the potential to exponentially increase the value of any portfolio. This is why many crypto investors are keeping a few promising altcoins in their HODL bag. But keeping abreast of developments in the altcoin space is time-consuming, so we have decided to give you Altcoins at a Glance. Here we summarize the latest news to save you time.
Polkadot Files Trademarks
- Polkadot (DOT) has filed for a couple of trademarks with the United States Patent and Trademark Office (USPTO).
- A quick search on the USPTO portal will show that Web 3.0 Technologies Foundation has filed for a couple of trademarks. The first is for the Polkadot Converse, and the second one is for Polkadot Vault. The Web 3.0 Technologies Foundation is one of the main organizations behind Polkadot’s Development.
- Polkadot Converse appears to be a blockchain-based messaging platform, while Polkadot Vault is an application that allows a smartphone to function as a hard wallet.
- Polkadot is a sharded blockchain protocol that enables interoperability between different blockchain networks. It is often referred to as a layer Zero Blockchain. DOT is considered to be a blue chip altcoin
- Registering a trademark gives legal protection to the owner of the mark. It grants exclusive rights to use the mark in connection to goods or services and prevents others from using a similar mark that could confuse consumers.
Top Altcoin Cardano Gets Gaming Buff from Paima Layer 2
- Cardano holders can now connect and play on-chain games using ADA tokens. This upgrade is due to Paima, a layer 2 for on-chain games.
- According to Paima Studio, gaming communities that aren’t using Cardano are also covered. The developers said that “Paima supports deploying your game to the Cardano ecosystem, yet have it be playable ANY wallet from other chains.”
- Games on Paima are also non-custodial. Gamers are protected even if the game is hacked.
- This development is set to make Cardano a top gaming blockchain. Cardano is also set to become a top Ethereum Virtual Machine (EVM) chain. These positive developments are an indicator of how robust the Cardano ecosystem is when compared to other altcoins.
Low Cap Altcoin Project Qredo Reveals Next Stage in Roadmap
- The Qredo team recently shared a letter to the community that highlights roadmap updates, partnerships, and developments.
- The Altcoin project introduced the Qredo Liquidity Pool (QLP) to improve liquidity and flexibility for users.
- The developers are also introducing the Qredo Launchpad. This platform allows users to participate in projects and opportunities.
- Community communication will be enhanced by utilizing multiple channels like Discord, Twitter, and Telegram.
- New partnerships will also be announced in the near future.
- The Qredo Network describes itself as an “institutional-grade clearing and settlement network for digital assets.” Its native token QRDO is an ERC-20 governance token with a 2 billion maximum supply.
Ethereum, King of Altcoins, gets Zero Knowledge Proposal
- Vitalik Buterin proposes Zero-Knowledge Ethereum Virtual Machines (zk-EVM).
- The proposal aims to maintain decentralization and security while addressing challenges related to data inefficiency and latency.
- zk-EVM has the potential to significantly improve the scalability and privacy of the Ethereum network and is an exciting development in blockchain technology. This will also further cement ETH’s position as the king of all altcoins.
That is it for the week. See you on the next edition of Altcoins at Glance
Featured Image from Unsplash
