As we move further into Q2, this week’s choices are set to benefit from significant launches and project developments that should strengthen their market positions and also result in increased amounts of attention to their respective currencies over the coming weeks.
QuarkChain is a high-throughput blockchain that aims to achieve millions of transactions per second (tps), and consists of two layers of blockchains. The first applies elastic sharding blockchains (shards), while a root blockchain that confirms the blocks from the shards makes up the second layer.
The team are close to their mainnet launch with the QuarkChain Mainnet Singularity V1.0 launching on 30 April 2019, 08:00 (UTC). The mainnet will incorporate a range of features including State Sharding Support, Boson Consensus and Hashpower Reuse Technique, Secure Cross-Shard Transactions, as well as Multi-Native-Tokens Support.
The team’s official blog post detailing the launch can be found here.
Buy/Sell QuarkChain (QKC)
How to buy QuarkChain (QKC) on Binance?
Phantasma is a next-generation messaging protocol and decentralized content distribution service based on the NEO blockchain, and aims to provide a decentralized, fast and secure platform. The project will offer Phantasma based-mailboxes that are compatible with normal email addresses and can communicate with email systems outside the blockchain.
The team are close to announcing their mainnet launch with the launch set for April 30. Alongside the mainnet release, native tokens will be issued according to NEP5 ownership, and SOUL holders will also be able to stake their SOUL coins in order to receive KCAL tokens (Energy) daily.
The team will also take the opportunity to release their Phantasma App, and this combination of events should guarantee a significant amount of focus shifts to the SOUL token.
Buy/Sell Phantasma (SOUL)
The Fetch.ai project combines artificial intelligence with blockchain and DAG (directed acyclic graph) data structures to build a scalable and stable ledger. The ledger’s consensus algorithm is called uPoW (useful proof-of-work), which seeks to make the computational power that is used to secure the ledger also perform other useful tasks for the network’s participants.
The project’s public testnet is scheduled to launch on April 30 and introduces a broader access test-network complete with improved Open Economic Framework.
This allows the team to work towards the integration of their uPoW consensus mechanism, decentralised ledger computing platform called synergetic computing, with the end of June earmarked as the first time that all the major Fetch.AI components are working together. This sets up the Alpha release set for July and shows that the team continue to push forward.
Buy/Sell Fetch (FET)
How to buy Fetch (FET) on Binance?
How did the coins perform last week?
This was a difficult week for most projects, and WTC proved to be slightly more resilient, and declined by around 4.8% and is currently trading at around $2.33. BIX fell by around 25%, and is currently trading at $0.33. BAT also lost value, and fell by around 10% and is currently trading at $0.40. Over the course of the week, the market declined from $177B to $173B.