Users often use new token launches to gauge the profitability of their present investment, or to see if they are interested in joining a more unique, sustainable platform. The following is a report on critical aspects of Runfy’s protocol, since the new coin is likely to be more than just a crypto token. The company will provide health and lifestyle support to its community in a similar way to past crypto favorites like Cardano and Theta Network.
The double blockchain wonder of Cardano
The Cardano cryptocurrency (ADA) remains a major player in the cryptocurrency market and one of the favorite cryptocurrencies among traders, undoubtedly due to its quick transaction processing speed. Since its launch in 2017, the coin has been a great alternative to popular trading platforms, offering low gas fees and fast transactions.
In Cardano (ADA), there is a novel double-layer blockchain, which has two chains that handle key transaction processes. It is therefore the structure of the platform that is responsible for its speed and flexibility.
A blockchain consists of two layers: a settlement layer and a computing layer. In the settlement layer, information regarding the accounts and wallets of the users can be found. The settlement layer is a key component of the Ouroboros consensus protocol, which ensures that the accounts are accurately balanced every time a transaction is made.
The computing layer is in charge of the validation and execution of the transactions, as opposed to the validation layer. As a result, the timeframe for performance and the amount of network fees charged per transaction are significantly shortened. As part of the Ouroboros protocol, the speed and quality of transaction processing are also enhanced, requiring less energy to process and log transactions.
ADA, however, remains a work in progress. Integration of smart contracts will take place soon, making the platform more efficient. CoinGecko lists the native token, ADA, for approximately $0.326.
A video streaming platform for crypto users called Theta Network
A public version of the Theta Network (THETA) was released in 2019 in order to improve the quality of video streaming through the use of network spare bandwidth. Based on each user’s investment, bandwidths are generated, which contribute to the further improvement of streaming standards.
In the beginning, Theta was launched on Ethereum, but even though Ethereum has gone on to establish its own blockchain, it remains compatible with Ethereum. Among the features offered by the network is the ability to access some apps that run on Ethereum, which makes it possible for the network to improve its blockchain operations as a whole.
There are two tokens that are at the core of the Theta Network (THETA), and these are TFUEL and THETA coins. Currently, TFUEL is the first and most important currency used on the platform, and can be used to pay for any services on the network as well as earn rewards from them. As a governance token, THETA is a valuable asset, as users accumulate it to gain voting rights and stake in the platform.
Among the tradable coins on CoinGecko, THETA is the most expensive. It lists for about $0.911 at the moment.
Fitness in the metaverse with Runfy
As a community-driven initiative, the Runfy ($RNF) platform was launched to assist its members in achieving their fitness goals as well as earn on the side as they succeed. Currently, the developers of Runfy are working on an impressive protocol that will rival Cardano and Theta Network. There is a presale going on now, and the developers will be attempting to build a large community in advance of the token’s launch.
During the Runfy ($RNF) journey, users are required to input specific fitness goals, as well as realistic deadlines, into a mobile app. Afterwards, the app begins monitoring the daily activities of the user, notifying them about the progress they have made and the improvements that need to be made. As part of the development of Runfy, the developers have adapted it for use in the Metaverse, in order to ensure that the community is held accountable to one another through the peer-to-peer communication that is permitted in the virtual world as well.
Aside from Communication, Runfy’s Metaverse environment has two separate platforms located in the same space; one is RunfTR for trainers, where in addition to interacting with personalized trainers, users can also engage with general trainers while they strive to meet their goals. The other platform is RunfShop, where users can get fitness accessories that they can use to enhance their fitness training sessions by purchasing products from this universe. Through the use of the $RNF token, members can access the store which offers a wide range of gadgets.
The developers are currently in the process of preparing Runfy for its launch, with the goal of obtaining smart contract audits and listing Runfy on crypto charts as well as on decentralized exchanges in order to make it ready for its launch.
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
