2022 has been a roller coaster year for the cryptocurrency market.
The year began with a sharp decline in prices that caused a liquidity crisis among investors and lenders. The liquidity crisis led to the bankruptcy of crypto lenders Celsius and Voyager Digital and crypto hedge fund, Three Arrows.
Over the course of 8 months, bitcoin has registered a drop of over 70% from its all-time high. Ethereum, which was hoping for a bullish turn after its shift to a proof of stake algorithm has dropped by 78% over the same 8-month period.
Despite the turmoil, cryptocurrency investors and blockchain enthusiasts are still hopeful. Innovative projects such as Hedera, Quant, and BudBlockz are bringing a fresh approach to crypto and blockchain use cases, and helping investors remain confident despite the current storm.
Let’s look at how each of these platforms is transforming the crypto and blockchain space.
BudBlockz (BLUNT)
BudBlockz is a decentralized eCommerce platform and network for the cannabis industry. The network’s main goal is to provide cannabis enthusiasts with a secure, transparent, decentralized marketplace where they can access their favorite cannabis products 24/7.
With more countries legalizing the use of cannabis and its products, BudBlockz intends to create a global marketplace that unites all cannabis consumers and provides them with an ecosystem for accessing weed products and services.
The platform uses $BLUNT as a medium of exchange and governance in the BudBlockz ecosystem.
Some of the main offerings from BudBlockz include
- A decentralized NFT marketplace that promotes complete transparency, and permissionless participation while still upholding robust security.
- A decentralized eCommerce platform that brings together cannabis lovers and activists from all over the world, allowing them, to communicate while still safeguarding their careers.
- Decentralized digital trading is made possible by the $BLUNT token. $BLUNT provides liquidity within the BudBlockz ecosystem enabling users to trade NFTs, purchase products, and earn rewards when they participate in future P2E gaming.
Hedera (HBAR)
Hedera is a zero-carbon proof of stake public network powered by the hash graph consensus. The platform offers a combination of low bandwidth consumption, high throughput, super-fast transaction speeds low fees, and finality in seconds.
Hedera offers a token service that allows users to create their own fungible and non-fungible tokens for digital collectibles, governance, and application payments.
The platform’s consensus service allows users to record immutable, and verifiable fairly ordered events for any permissionless blockchain or application framework, and track identity credentials, IP rights, or assets on a supply chain.
HBAR is Hedera’s native cryptocurrency that powers the Hedera ecosystem.
Quant (QNT)
Quant is a network that seeks to use its Overledger technology to revolutionize blockchain. Overledger is a technology that creates a link between multiple blockchains and global networks and connects new blockchains to existing networks.
Quant also operates the Overledger Distributed Ledger Technology Gateway and Quant mDApps.
The Overledger DLT Gateway supports interoperability between networks and the distributed ledger system allowing for a smooth transfer of smart contracts, data, and fungible and Non-fungible tokens. Quant MDApps is a multi-decentralized ledger technology version of a decentralized application that allows users to simultaneously use multiple ledgers. Because of these two offerings, Quant is often referred to as the operating system that brings all blockchains together.
QNT is the multi-purpose token of the quant network. It is available for trading on major exchanges such as Binance, Uniswap, and Coinbase pro.
Final Word
Although 2022 has not been an easy year for cryptocurrency investors, the industry is still going strong. The current corrections happening in the industry have led to massive drops in prices for some of the major crypto coins such as bitcoin and Ethereum and even caused some crypto-affiliated companies to go bankrupt. However, investors can still find solace in networks such as Hedera, Quant, and BudBlockz that are offering fresh perspectives on the use of blockchain technology cryptocurrencies in general.
Learn more about BudBlockz (BLUNT) at the links below
Official Website: https://budblockz.io
Presale Registration: https://app.budblockz.io/sign-up
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.