We are already 2 months in this new year, which began with tremendous surge in valuation at the beginning of the year.In February, we saw heavy correction in various other Alt Coins, with Bitcoin leading from all way, correcting it self from $17,135 on 6th Jan 2018 to $6,914 on 5th Feb 2018.
Needless to say, these price ranges have shown how volatile, crypto-currencies can be. Since the fever of these currencies has been rapidly rising, we are here to share few crypto currencies that should be on your watch-list for March 2018.
1. Ethereum Classic and Callisto
Most of you are already aware of cryptocurrency being airdropped to holders of Ethereum Classic (ETC) at block 5,500,000 – on March 5 2018, the date at which block 5,500,000 is expected to occur.
The new coin is called as Callisto (CLO). The primary purpose of this project is to encourage users to hold coins, with a aim of creating decentralized store of value as a result.Callisto will be distributed through a concept called cold staking.
The simple explanation of cold staking is that it is used to pay dividends to participants who hold coins without requiring them to do anything else. In other words, there is no voting requirement to earn the rewards, nor is there a requirement to run a node. Just hold and you’ll earn interest.
Ethereum Classic is basically inclined towards store of the valu, without offering in additional value to hold ETC.
Callisto will be a good experiment to see if cold staking is an effective strategy, in which case it could be employed by Ethereum Classic itself sometime down the line.
If you were paying attention during some of the other notable hardforks and airdrops in the cryptocurrency space, then you know there is a potential for pumps to occur. Of course, nothing is guaranteed. But based on Ethereum Classic’s strong upward price trend throughout February, this is a must-watch coin in early March for anybody who actively trades cryptocurrencies.
SelfKey,a decentralized digital identity management system using blockchain technology, where users can instantly verify their identity to access a variety of products and services, such as financial services, exchanges, token sales, passport and citizenship registration and so on.
Giving individuals and companies full ownership and control of their digital identities is the purpose of SelfKey.There is high chance that most of your personal and sensitive information is stored on the central server. All the data stored are secured by high tech level security, with most of these databases capable to with-holding the attacks. But, these databases are certainly vulnerable of other attacks, which risks your information as well.That’s been made especially clear by the recent hacks of FedEx, Uber, and, of course, Equifax.
SelfKey is a self-sovereign identity ecosystem that enables citizens to protect their freedom, privacy, and wealth. Through SelfKey’s Identity Wallet, individuals and companies are able to securely manage their digital identities. On top of that, SelfKey makes the “Know Your Customer” (KYC) norms followed by financial and government institutions quick and painless for users through a simple KYC onboarding process.
Importantly, all of your personal data and documents are stored locally on your device and not on a SelfKey server or on the blockchain. The only time that your data is accessible is when you choose to share it with a trusted institution.
The month of February was very eventful for SelfKey, including new partnerships with banks in the Dutch Antilles and Cayman Islands as well as the alpha release of the SelfKey marketplace. That’s on top of the SelfKey–Polymath partnership that was announced at the end of January. With Identity Wallet support for cryptocurrency transactions coming before the end of Q1, March is shaping up to be another strong month for the project.
Unless you actively participate in the Decredcommunity, it’s likely that you don’t hear much about the project. Decred’s leaders and developers have always been focused more heavily on sound engineering than marketing.
Decred was founded by former Bitcoin developers with the mission of solving the problem of blockchain governance. The Bitcoin Cash and canceled SegWit 2X hardforks in 2017 were the culmination of years of debate and fracturing among the Bitcoin community, and the Decred team experienced firsthand the problems with decentralized blockchain governance while working on Bitcoin.
With Decred’s community-based governance model, updates to the blockchain protocol are determined by everyone who has a stake in Decred, not just the development team. So far, this self-governance strategy has been extremely successful.
Still, one can’t help but make comparisons between Decred and Bitcoin. That was especially true in the past week as the co-owner of Bitcoin.org, Cobra, wrote an open letter to the Bitcoin community suggesting that Bitcoin’s proof-of-work algorithm should be changed to a hybrid proof-of-work and proof-of-stake system.
The letter was met with a lot of resistance by prominent figures who see a change to Bitcoin’s PoW at this stage in the game as incredibly dangerous. However, what makes it relevant to Decred is that the hybrid solution Cobra described is essentially the mining system that Decred already employs.