Solana is a public, open-source blockchain that supports smart contracts, including non-fungible tokens (NFTs) and a variety of decentralized applications (dApps). Native to Solana's blockchain is the SOL token which provides network security through staking as well as a means of transferring value.
The innovative combination of PoS and PoH makes Solana a unique project in the blockchain industry. Generally, blockchains have greater scalability, depending on the number of transactions per second they can support, the more and better they scale.
Kava is a software protocol that uses multiple cryptocurrencies to allow its users to borrow and lend assets without the need for a traditional financial intermediary.
In this way, Kava is considered one of a number of emerging decentralized finance (DeFi) projects. However, whereas most DeFi projects run on Ethereum, Kava is instead built on Cosmos, a design decision its team argues adds additional functionality.
Users of its platform lock cryptocurrencies into smart contracts on Cosmos so that they can borrow loans denominated in USDX, a cryptocurrency pegged to the value of the U.S. dollar.
Kava leverages a feature in Cosmos called zones to manage the crypto assets it accepts, which then run in programs on independent networks. This allows the project to broaden the number of crypto assets borrowers can use to include XRP, BNB and BTC, among others.
By collateralizing cryptocurrencies to mint USDX, users receive weekly rewards in the form of KAVA, Kava’s cryptocurrency.
One of several competing crypto-powered cloud storage platforms, Storj allows any computer running its software to rent unused hard drive space to users looking to store files.
In this way, you can think of Storj as an alternative to cloud storage platforms like those offered by Amazon or Google. However, instead of a company owning and maintaining the software, Storj relies on software and a network of computers to manage its data storage.
Key to the network design is the STORJ cryptocurrency, which allows users to pay other users on the network to store their files. Likewise, users looking to sell excess storage capacity and bandwidth can earn additional money from these resources by accepting STORJ.
Enjin is a software that gives developers the ability to create and manage virtual goods on the Ethereum blockchain.
The idea is that by using blockchain technology to manage in-game items across many different properties, Enjin can help reduce the high fees and fraud that have plagued the transfer of virtual in-game goods and collectables.
Toward that goal, Enjin has released software development kits (SDKs) allowing users to both create digital assets on Ethereum and integrate them into games and apps.
Each minted asset is customizable to fit the desired platform and recorded in a smart contract, giving the items the advantages of cryptocurrency, namely speed, cost and security.
Central to managing the digital assets on its platform is ENJ, Enjin’s cryptocurrency, and each in-game item created on Enjin is assigned a value in ENJ.
#Solana and Kava earn daily interest payouts, up to 5% APY.
See this story on Twitter: https://twitter.com/AnchorUSD/status/1431777229214818309
