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Business News/ Brand Stories / Hidden Crypto Gems in 2022: Solana, Polkadot and Logarithmic Finance

The cryptocurrency industry has grown extensively in the last few years. This market has witnessed the launch and release of several digital tokens - with some having more potential than others. When most people think of cryptocurrency, their mind goes to Bitcoin, Ethereum, and some of the more popular names. While these coins are great assets to invest in, they have come a long way and thrived on their potential for a long time.

The best way to invest in the crypto market is to research and invest in hidden gems. Solana (SOL), Polkadot (DOT) and Logarithmic Finance (LOG) are crypto gems that have the potential to earn investors a lot of money.

Solana (SOL)

Solana is designed as a decentralised blockchain that aims to enhance scalability of digital assets and work smoothly with user-friendly applications. Solana quickly became popular because it promised faster processing speed. Currently, Solana has a reputation for being the fastest blockchain network in the world. It's capable of processing about 50,000 transactions per second. This processing speed surpasses that of Ethereum, Bitcoin and many other big names in the crypto industry.

Developed in 2017 by Anatoly Yakovenko, this innovative technology aims to scale and connect most of the popular blockchains. Therefore, it will support faster transactions at a lesser cost. This blockchain is also renowned for running on a Proof-of-stake and Proof-of-History consensus. It combines the benefits of both mechanisms and provides a blockchain that can process more transactions within seconds. SOL's third-generation blockchain is designed to support innovative smart contracts and decentralised applications (DApps). It also supports different DeFi platforms, including popular NFT marketplaces.

SOL is the native and utility token that offers users a means of transferring value. It also offers blockchain security through staking. Considering the integrations that could still occur on the Solana blockchain, there's still a lot to come from it.

Polkadot (DOT)

Like many cryptocurrencies that were developed after Bitcoin, Polkadot exists as both a cryptocurrency token and DeFi protocol. The Polkadot protocol is used to connect different blockchains. As a result, it will become possible to send data and value across several previously incompatible networks. This protocol is also designed to be fast and easily scalable. The DOT token is used for staking and governance on the protocol. Crypto enthusiasts can purchase any amount of DOT via crypto exchanges

For optimal effectiveness, the Polkadot (DOT) network is designed to contain a main blockchain referred to as the "relay chain" and numerous user-created chains known as parachains. There's also a connecting layer within the structure that allows data to be transferred between most blockchains; it can also be used to connect non-blockchain transactions. Polkadot is designed to be able to process more than 1,000 transactions per second. As the network grows, there's potential for the transaction speed to increase exponentially.

Logarithmic Finance (LOG)

Like both cryptocurrency protocols described above, Logarithmic Finance (LOG) is an innovative layer-III swapping protocol. It's designed to support interconnectivity between early-stage innovators and connectors. This protocol is popular because it supports blockchain diversity, meaning it's not restricted to any particular blockchain. Currently, LOG protocol is designed to be compatible with Ethereum, Binance Smart Chain, Solana, Tezos, Avalanche and Polygon blockchains.

Due to the robust code architecture that is adopted by this protocol, they allow users to transfer data with lesser gas fees. They have successfully been able to reduce gas fees by 80%. LOG is the native token for this protocol. It's used for transferring value and governance. Holders of LOG tokens will be allowed to spend them on NFTs. At a current price of $0.00501, Logarithmic Finance is in its presale stage and almost ready to be launched.

If you want to stay up-to-date with the token's presale, click on the link below. You can also use their social media handles to find out the latest news and updates about the protocol.




Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in the same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute financial advice.

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Updated: 24 May 2022, 07:50 PM IST
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