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Solana and Filecoin recently announced a collaboration to devise a blockchain storage solution. Filecoin integration allows third-party dapps to access Solana’s block history.
According to blockchain experts, this move will help Solana improve the redundancy and scalability of its data sets. These collaborations can pave the way for new ideas in the developer community.
The potential for consolidation has shifted the cryptocurrency community’s attention away from investing in spot Bitcoin ETFs and back towards the altcoin sector. Interest in the altcoin is growing, with InQubeta (QUBE) presales exceeding $10.4 million to date.
The platform went public last year and helps AI startups find investors. The model is based on Ethereum and startups are carefully screened to see how well they fit InQubeta’s vision. With InQubeta’s rapid development, it is also facing fierce competition from older altcoins such as Cosmos (ATOM) and Monero (XMR).
InQubeta and AI startups
InQubeta opens a world of opportunity for AI startups. Through its services, InQubeta helps innovators build scalable economic models for their projects using guidance from AI industry veterans and seasoned experts.
The platform created its native coin, the QUBE token, exclusively for its ecosystem. In addition to being used for transactions, cryptocurrencies also facilitate platform governance.
A year after its launch, few new altcoins have come close to matching InQubeta’s success. Analysts attribute the consistency of performance to the QUBE token’s deflationary model.
Most asset categories are not affected by market fluctuations. For InQubeta, the deflationary model keeps assets safe from inflation and volatility by limiting supply. As tokens become harder for buyers to acquire, their value increases even when the market plummets.
In the coming months, the InQubeta team will be unveiling new initiatives to expand the platform’s user base. The first of those plans is a staking dapp to popularize the service. Another project the team is working on is listing the QUBE token on a central exchange.
The hackathon is part of Monero’s Prague events calendar.
Monero is a privacy-focused crypto platform for secure online transactions. The proof-of-work platform created XMR, a special token for transactions.
The annual Monero Konfrenco, held in Prague in June, brings together innovators on a common platform for discussion and insights on privacy-first technologies.
The platform will also organize hackathons where developers can build dApps using Monero’s code or functionality and receive exciting cryptocurrency rewards for their efforts.
Cosmos Hub Fork GovGen to be released
Cosmos enables developers to easily create and scale dapps through an interoperable blockchain network. Its native token, ATOM, was one of the best altcoins of 2023 and is seeing further gains this year. Cosmos is busy solving interoperability issues.
It is based on the Inter-Blockchain Communication (IBC) protocol, which guarantees nominal gas fees and transaction speeds as low as 500 milliseconds.
Cosmos has been in the news recently because of GovGen, a blockchain created for decentralized governance that is a fork of Cosmos Hub. According to the report, there is potential to decentralize the operations of the AtomeOne network.
GovGen holders can vote on proposals regarding AtomeOne’s token economics and chain parameters.
Cosmos co-founder Jaewon Kwon recently said that governance tokens could facilitate the way they are used in blockchain development.
conclusion
Given their potential to promote financial inclusion, InQubeta, Cosmos, and Monero are great options for investors. These cryptocurrencies can offer a variety of ways to earn passive income, such as staking and participating incentives.
These platforms are also democratizing DeFi for a diverse group of users. While Cosmos and Monero traditionally serve developers and cryptocurrency users respectively, InQubeta powers AI startups.
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