PriveSecure, Cardano, and Ethereum Classic Going The Long-Term Winners Route
Many individuals lost faith in cryptocurrencies as a financial powerhouse when the cryptocurrency market crashed. From Luna’s de-pegging from the dollar to the enormous withdrawals caused by inflation concerns, the cryptoverse has seen its darkest days.
Despite the volatility of cryptocurrency prices, Cardano (ADA), Ethereum Classic (ETC), and PriveSecure (PRSC) have shown strong promise. By buying these cryptos, crypto purchasers and holders have been kept afloat. Do you want to know how? Let’s get started!
According to CoinMarketCap, Cardano (ADA) is a top cryptocurrency with a market value of more than $15 billion and a current price of $0.466533. The network is the next-generation evolution of blockchain protocols, designed to handle smart contracts and encourage the development of DApps, P2E, NFTs, and new currencies.
Because the Cardano (ADA) platform is open-source software for innovators and designers, the administration strives to make it a more secure, scalable, and highly efficient decentralised system. They’re a trustworthy source of passive income if you want to hedge current inflation while enjoying cryptocurrency price uptrends.
After a public auction of 25.9 billion ADA tokens began in September 2015, ADA was introduced in 2017. 5.2 billion tokens were also minted and distributed among the three businesses selling and developing the Cardano (ADA) protocol: Input-Output Global (IOG), Emurgo, and the foundation.
Ethereum Classic (ETC) – The Classic that never gets old
Ethereum Classic (ETC) is an open-source network that runs on a public Ethereum Virtual Machine (EVM) and adheres to a modified version of the Nakamoto Consensus.
ETC was initially made available in 2015. The cryptocurrency was created due to a hard fork on the Ethereum network that occurred in the previous year.
This fork formed two separate networks, Ethereum (ETH) and Ethereum Classic (ETC). The former, which is more popular, is frequently mistaken for Ethereum Classic, although they are fundamentally different.
On the Ethereum Classic network, ETC is utilised to fuel smart contracts and transactions. Furthermore, ETC is deflationary, having a fixed supply of 210,700,000 coins regularly burned to maintain its value.
Presenting PriveSecure (PRSC)
PriveSecure (PRSC) is a newcomer to the blockchain ecosystem. Privesecure was developed to improve current cloud storage solutions.
PriveSecure, like Ethereum (ETH) and Chainlink (LINK), is an open-source project that anybody may contribute to. PriveSecure will transform cloud storage into a market for crypto users. Protocol participants that protect and store data will be rewarded with the Privesecure token.
Furthermore, PriveSecure (PRSC) will encrypt customers’ data to avoid data breaches and unauthorised access by hackers and cybercriminals. PriveSecure will use TLS/SSL 128-bit encryption to safeguard data in transit. To secure idle data, the protocol will also use AES 256-bit encryption.
As the technological world evolves, more people will gradually transition from web2 to web3. PriveSecure (PRSC) will be critical in increasing web3 usage. Data management and control will be decentralised as a result of the protocol.