4 Best ICOs July 2018
It’s July and we’re back with our catered selection of the best upcoming ICOs in today’s crypto market. While we continue to comb through the most exciting, disruptive and credible opportunities out there, read on this month’s list:
Jura
What is Jura
Jura is promising to build an ultrafast, fee-less, self-regulated decentralised network. The system improves on pre-existing blockchain solutions by introducing two new tech developments. The first, Proof of Verifiable Random Time (PoVRT) will impose a verifiable random delay on each transaction that increases exponentially as more transactions are pushed into the network. This system is meant to prevent a number of security risks including spam and sybil attacks. The second new development is called Proof-of-Utility (PoU), a consensus system similar to Proof-of-Stake but where the algorithm values the weight of each vote not simply based on the size of the stake, but on its “quality”, including metrics like the node’s participation rate, the age of the stake and others.
Why we like Jura
There are a number of reasons to like Jura, from the team to the tech and the value propositions inscribed on the white paper. If PoU is well implemented, this consensus algorithm could bring considerable governance advantages when compared with the systems currently in existence in the market, while the PoVRT solves a number of security and scalability issues. The team gathers PhDs and Patent-holders from some of the world’s best universities and the project has already gathered considerable attention from VC investors. At a relatively small expected hardcap, this will likely be a much sought after ICO.
- Date: Not Yet Defined
- Ticker: NYD
- Token type: Own Blockchain
- Sale Target: USD$20 Million (Expected)
- Total Tokens: NYD
- Available for Token Sale: NYD
- Whitelist: NYD
Hypernet
What is Hypernet
Hypernet is a decentralized cloud computing network that promises to solve many of the issues related to the cloud storage and computing industry as we know it today. While there are already several projects focused on this field in the crypto world, Hypernet is introducing a novelty that the team promises will be the beginning of a new era. Its Distributed Average Consensus (DAC) architecture allows for parallel computing, rather than grid computing, which should allow for an efficient distribution of decentralized computer power even as computers get on and off the network.
Why we like Hypernet
So far, cloud computing decentralized blockchain projects have been very well received by the community, which also means it has become more competitive. In that sense, Hypernet does bring a strong proposition to the market, as it builds on a completely new architecture to address the latency issues in cloud computing that projects like Golem or iExec haven’t really solved yet. If the Hypernet system works as promised once deployed, and the team definitely seems qualified to deliver, this could truly represent a leap forward in blockchain technology, and the Hypernet token will reflect just that.
- Date: Not Yet Defined
- Ticker: NYD
- Token type: Own Blockchain
- Sale Target: NYD
- Total Tokens: NYD
- Available for Token Sale: NYD
- Whitelist: NYD
Elrond Network
What is Elrond Network
Elrond proposes a new high-throughput blockchain addressing speed, scalability, energy consumption, security and transaction cost issues by developing a blockchain from the ground up using a new system architecture. The Elrond blockchain will use Adaptive State Sharding to address issues of scalability, as the dynamic sharding tech allows for the system’s processing capacity to increase proportionally with the number of participants. They will also deploy an improved PoS consensus algorithm named Secure Proof of Stake (SPoS), and the ecosystem will be cross-chain compatible.
Why we like Elrond
A high-throughput scalable and fast blockchain is hardly an original description, with big projects like EOS, Zilliqa and Quarkchain claiming to do basically exactly that. What drew us to Elrond however, is not only the interesting and potentially disruptive adaptive sharding system, but the fact that the team has been working very hard on producing a prototype before the ICO is even formally announced. Preliminary tests have shown the existing system to be over one thousand times faster that Bitcoin or Ethereum, which is probably why, even with no marketing, the project is getting quite a bit of traction. If the Elrond team manages to deploy a system that actually solves the blockchain scalability issues mass adoption could come very quickly. The prototype release is scheduled for this month and the testnet for Q4.
- Date: Not Yet Defined
- Ticker: ERD
- Token type: ERC-20
- Sale Target: NYD
- Total Tokens: NYD
- Available for Token Sale: NYD
- Whitelist: NYD
Snark Network
What is Snark Network
Snark Network is proposing a new blockchain design that addresses the issue of on-chain data storage and the growing problem of bloating ledgers, like the Ethereum blockchain’s for instance, which now occupies over 1TB. The problem is considerable as it disincentivizes participants and will eventually limit new systems from joining. Snark Network proposes single proof chain sizes, off-chain execution scaling, proof-only chain data, and first point network routing as technological improvements to deal with this issue. Zero-Knowledge Proof Consensus, in particular, should allow for secure transaction confirmation without the need to constantly carry on all blockchain data.
Why we like Snark Network
Snark Network has been gathering a lot of hype with still little information regarding their ICO. This has been happening due to the great amount of technological innovations the team is proposing, that could greatly advance blockchain design and prepare it for much larger scale use. One of the most interesting aspects of this project is that it addresses the issue of on-chain proof consensus with off-chain execution, as well as the issue of on-chain data scaling, allowing for potential deployment in legacy structures. The community has shown considerable support for the project as well, with their telegram group nearing eight thousand members.
- Date: Not Yet Defined
- Ticker: NYD
- Token type: Own Blockchain
- Sale Target: NYD
- Total Tokens: NYD
- Available for Token Sale: NYD
- Whitelist: NYD
July promises to be an exciting month. Don’t forget to check out our Best Alts for July 2018, and our new series of ICOs Before the Hype!
Disclaimer
We are stating our vision and opinions, we are not giving you financial advice and if you invest in this project it is your full responsibility. You are investing at your own risk. Always invest only what you can afford to lose and try to diversify your investments. Finally, do your own homework and learn about the project use case, roadmap and team.
Originally published at www.coinvision.co.
