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Top 5 Most Secure Cryptocurrencies of 2020

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Most Secure Cryptocurrencies of 2020

As the economy continues to digitize, it’s important to consider security when choosing what blockchains to invest in. You don’t want to lose your coins because you assumed that the project you invested in had everything under control. If history has shown investors anything, it’s that you need to maintain security across the board if you plan to be successful in this market.

Exciting Threats

There are new and exciting developments occurring in the realm of supercomputers that could threaten the entire network of some of your favorite coins. Additionally, there are now state-level hacking operations to be aware of. Luckily, there are also developers creating solutions to these futuristic problems before they ever have time to materialize.

For example, Quantum computers cost millions at the moment. However, in the next two decades, these prices could go down to thousands, or even hundreds. Depending on how long you plan to hold your investments, you may find that one day you HODLed right into a Quantum hack.

To avoid these and others not yet, but on the way, risks, it’s always better to stick to platforms that keep the highest level of security in place. Even better, only invest in platforms built with security as their core principle.

These platforms can be secure because they are so huge, as in the case with Bitcoin, or simply because they employ some new technology that makes them this way. Here are the top 5 most secure cryptocurrencies for 2020.

GSX

GSX is the next most secure coin for 2020 for a variety of reasons. Mainly, it’s because GSX resides on the Apollo blockchain. Consequently, it enjoys all the security, efficiency, and usability of Apollo, and some.

GSX is the only Quantum resistant stablecoin. So in addition to security from hacks, users also get security from volatility when they use GSX. Plus, you can send GSX globally in seconds for pennies. In this way, GSX is able to function across all digital asset classes in a seamless manner.

GSX tokens represent ownership in the firm’s lucrative mining operations. Token holders have true ownership of these assets. This ownership includes the land, the equipment, and all the gold mined and held in the company’s audited vaults. GSX is only available at GSXCDE.com. The firm currently offers special discounts of up to 50% to early investors.

Apollo

No security-based list would be complete without Apollo. This coin is a fourth-generation cryptocurrency that introduces the market to a variety of firsts. For example, Apollo holds the title as the only Quantum proof blockchain in existence.

Apollo is a Dapp and cryptocurrency platform that enables users to conduct all types of transactions. The interface for this platform is easy-to-navigate and the backend is designed in a way to make it easier for Dapp developers to work efficiently. Apollo is all about maximizing your efforts and delivering a secure experience.

This platform is incredibly flexible as well. Users can quickly program and launch a token on the platform with no technical know-how. The interface makes the entire process streamlined. Additionally, you can launch your new token directly into the Apollo network with ease.

Security-wise, Apollo has a multitude of governmental and commercial use cases. The platform can function as a digital identity verification system. It can also tokenize real-world assets. Apollo is listed on several exchanges such as HitBTC, Digifinex,  BitMart, etc. 

Ethereum

Ethereum is the second-largest cryptocurrency in the world. As such, it is also the second-largest Proof-of-Work (PoW) blockchain in the market. The sheer size of this network keeps it as a top contender as the most secure blockchain in 2020.

Interestingly, Ethereum’s developers intend to shift the cryptocurrency from a PoW consensus over to a Proof-of-Stake (PoS) consensus mechanism by the end of the year. This would make Ethereum the largest PoS network in the world. PoS networks are more energy efficient. They are also more democratic as they allow any user to stake their coins and earn rewards.

Ethereum is still the most used platform in terms of ICOs and Dapps. The ERC-20 token standard continues to see advancements. There are currently over 180,000 ERC-20 tokens in circulation.

DASH

DASH is one of the most decentralized coins in the market. This decentralization comes from a unique consensus and governance protocol that provides masternodes the ability to vote on key network upgrades.

DASH has an amazing community standing behind the project. This coin has a monthly development budget of $2.5 million. The platform wisely puts aside 10% of all mining rewards to reinvest back into its community projects.

Private Send is another feature that puts DASH on this list. Since its early days as Darkcoin way back in 2014, Private Send has been a reliable way to anonymize your transactions. DASH even offers a large bounty to anyone able to break this privacy protocol. So far, no one has claimed the prize.

Bitcoin

As the world’s largest blockchain, Bitcoin still reigns supreme in terms of market security. Yes, it’s true that Bitcoin’s blockchain is a power-hungry beast, but, studies have shown that the majority of this power comes from renewable energy sources.

Bitcoin stands as a beacon in the crypto market. This cryptocurrency has endured nine years of attacks and retained its security. These years helped to drive more interests in the world’s largest blockchain and the crypto market in general.

Bitcoin has some new functionality now thanks to innovations such as the Lightning Network. The Lightning Network is an off-chain protocol that utilizes private payment channels to reduce blockchain congestion and add functionality to Bitcoin’s blockchain.

Top 5 Most Secure Cryptocurrencies of 2020

Anyone that has ever lost their cryptocurrency due to a hack or scam can attest to the importance of security protocols in your investment strategy. You need to think ahead and be aware of the current threats your cryptocurrency faces. Only in this way can you be prepared for whatever the market throws at you.

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TrueUSD Names Five Banks Holding the Stablecoin’s USD Reserve

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1. TUSD is currently in collaboration with five banks.
2. Partner banks provide a safeguard for TUSD’s asset security.
3. TUSD is now audited by auditing firm Armanino.

Stablecoin TrueUSD (TUSD) named five of its current bank collaborators that ensure asset security for its USD reserves.

According to TUSD, it currently works with Signature Bank, Silvergate Bank, Prime Trust, First Digital Trust, and BitGo for the safekeeping of USD assets that back the value of the stablecoin.

For one, Signature Bank is the first bank insured by the Federal Deposit Insurance Corporation (FDIC) to launch a blockchain-based digital payments platform—Signet.

TUSD partnered with Signature Bank, a New York-based commercial firm, and was then integrated into Signet, Signature’s payment network, opening 24/7 minting services within two minutes. TUSD admitted that this development “greatly” improved its financial services for its users. Interestingly, TUSD transactions within Signet are free.

Another TUSD partner bank from 2021 is Silvergate. This financial firm became one of the first banks to set up accounts for crypto transactions and has since become known as one of the few crypto-friendly banks.

TUSD leverages the Silvergate Exchange Network (SEN), providing users with another “efficient” token minting service.

Together with SEN, TUSD reinforces its near-instant minting and redemption services with Prime Trust’s PrimeX. PrimeX enables TUSD holders to mint and redeem tokens round the clock, offering instant settlements.

Users of the stablecoin can also mint and redeem their tokens with TUSD partner First Digital Trust. Although the bank implements minimum and maximum transactions, TUSD saw this as an opportunity to provide its users with options, especially if they plan on minting or redeeming small amounts of TUSD.

TUSD is also one of the early stablecoins that crypto custodian BitGo included in its offerings. BitGo’s secure multi-signature wallets allow TUSD users to purchase the stablecoin within the wallet. 

With BitGo, users can purchase and exchange TUSD with no fee. However, a minimum amount of $1,000 worth of TUSD is required to mint and redeem.

TUSD revealed that it is exploring more ways to better its services for its users. To do so, it plans to forge relationships with more bank partners.Earlier, TUSD was reported to now be audited by Armanino, a top European auditing firm. Armanino will attest to the stability of TUSD’s smart contracts on-chain. TUSD, in turn, becomes the only stablecoin that has implemented such security standards.

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Winning Projects are In as TRON Grand Hackathon 2022 Season 1 Comes to a Close

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The winning projects are finally in as TRON Grand Hackathon 2022 closed on March 14, coming off of a thriving victory. We’ve been tracking the winning projects closely on the TRON DAO Forum on all four tracks, Web3, NFT, GameFi, and DeFi. 

The Forum has been an influential site for developers to come together, share ideas, create threads, and interact with each other about the crypto community, and activity on the Forum accounted for 40% of the overall score. 

Each track’s final review panel consisted of crypto experts, KOLs, and a public community review board, whose scores accounted for 30%, 30%, and 40%, respectively. Community reviewers transparently voted on the TRON DAO Forum.

The crypto community was earnest to see the results of the judging period, which began on March 8 and ended on March 11.

Here are the winning picks in each of the four tracks:

In the GameFi Track, the winner is TronNinja Arcade by the TronNinja Team.

TronNinja is a NFT GameFi project on the TRON blockchain where you will be able to use your NFTs as characters in-game while earning our in-game token TronNinjas Token (TNT) in the TronNinjas Arcade. Their goal is not only to play games but bring back the social aspect that arcades had.

In the Web3 track, the winner is dCloud by Cctechmx.

Their mission is to create an Open Source Web3 Cloud storage mobile app enabling its own ecosystem to enjoy a self-sustainable and shared economy. By separating dCloud code like this, we’ll be able to reduce the developing effort. BitTorrent team delivers the binaries, dCloud team devs focus on implementing them to the specific OS environment and coding a single Graphical Interface for both major mobile platforms: Android and iOS.

“Wow, what a piece of application! There is nothing like supporting decentralization hand in hand with cryptocurrencies. Better yet, still supporting it in TRON and BTTC blockchain technology. I will be waiting to be able to use it in our daily lives!” Said a commentator.

For the NFT track, the winner is VersacBrickSquad by TuruGlobal.

Their goal is to make real estate investment available for all since most people don’t have sufficient funds to buy their own real estate. The Versac Brick Squad is a collection of DAOs investing in real estate assets jointly managing the assets in a platform structure provided by TuruGlobal and with that making Real Estate investment accessible for the people.

“This is something we really need in this space. Community power should not be underestimated. The DAOs are the perfect tool to make the most out of all the smart people out there. Thanks for the explanation,” another commentator said.

As for the DeFi track, the winner is JustMoney Exchange by JustMoney.

They aim to build an ecosystem for the next generation of decentralized applications to power Web3 by allowing crypto users to trade and offer cryptocurrencies on several chains and facilitate the creation of a payment system that will allow crypto users to purchase goods and services online using cryptocurrency.

“New features that truly come in handy for newcomers. You don’t have to risk any money due to failed transactions on JustMoney Exchange. It’s the little things that matter, and the team ensures it does its best to cover any issues,” a commentator said.

The decentralized community is pleased with the project winners and can’t wait to see what’s to come for Season 2. Registration begins May 16, 2022.

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Winning Project Disclosed as TRON Grand Hackathon 2022 Season 1 Ends

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After a huge hit, the TRON Grand Hackathon 2022 disclosed the winning entries on the TRON DAO Forum in all four tracks, Web3, NFT, GameFi, and DeFi. 

The Forum has been a sufficient spot for developers to come together, share ideas, create threads, and interact with each other about the crypto community, and activity on the Forum accounted for 40% of the overall score. 

Each track’s final review panel consisted of crypto experts, KOLs, and a public community review board, whose scores accounted for 30%, 30%, and 40%, respectively. Community reviewers transparently voted on the TRON DAO Forum.

The crypto community was optimistic to see the impacts of the judging period, which began on March 8 and closed on March 11.

In each of the four tracks, here are the winning entries:

As for the DeFi track, the winner is JustMoney Exchange by JustMoney.

They aim to build an ecosystem for the next generation of decentralized applications to power Web3 by allowing crypto users to trade and offer cryptocurrencies on several chains and facilitate the creation of a payment system that will allow crypto users to purchase goods and services online using cryptocurrency.

“New features that truly come in handy for newcomers. You don’t have to risk any money due to failed transactions on JustMoney Exchange. It’s the little things that matter, and the team ensures it does its best to cover any issues,” a commentator said.

For the NFT track, the winner is VersacBrickSquad by TuruGlobal.

Their goal is to make real estate investment available for all since most people don’t have sufficient funds to buy their own real estate. The Versac Brick Squad is a collection of DAOs investing in real estate assets jointly managing the assets in a platform structure provided by TuruGlobal and with that making Real Estate investment accessible for the people.

“This is something we really need in this space. Community power should not be underestimated. The DAOs are the perfect tool to make the most out of all the smart people out there. Thanks for the explanation,” another commentator said.

In the Web3 track, the winner is dCloud by Cctechmx.

Their mission is to create an Open Source Web3 Cloud storage mobile app enabling its own ecosystem to enjoy a self-sustainable and shared economy. By separating dCloud code like this, we’ll be able to reduce the developing effort. BitTorrent team delivers the binaries, dCloud team devs focus on implementing them to the specific OS environment and coding a single Graphical Interface for both major mobile platforms: Android and iOS.

“Wow, what a piece of application! There is nothing like supporting decentralization hand in hand with cryptocurrencies. Better yet, still supporting it in TRON and BTTC blockchain technology. I will be waiting to be able to use it in our daily lives!” Said a commentator.

In the GameFi Track, the winner is TronNinja Arcade by the TronNinja Team.

TronNinja is a NFT GameFi project on the TRON blockchain where you will be able to use your NFTs as characters in-game while earning our in-game token TronNinjas Token (TNT) in the TronNinjas Arcade. Their goal not only is to play games but bring back the social aspect that arcades had.

“Congrats to the team for their dedication in building what adds great value to the experience of their users. So excited for the great success achieved so far and looking forward to achieving more success in the future,” a commentator said.

The TRON ecosystem continues to look forward to more projects in Season 2. Registration begins May 16, 2022.

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