The post Avorak AI remains On Course To Challenge Top Cryptos Polygon And Cardano appeared first on Coinpedia Fintech News
AI crypto has been trending in 2023. Avorak AI (AVRK) has emerged as a top contender for the lead of the AI crypto bull run and remains on course to challenge top cryptocurrencies like Polygon and Cardano.
What is Cardano?
Cardano is an L1 (Layer-1) blockchain developed to provide a more secure and efficient method for processing and recording transactions. Cardano’s technology is based on a PoS (proof-of-stake) consensus algorithm, which is faster, cheaper, and more energy-efficient than the PoW (proof-of-work) algorithm used by blockchains like Bitcoin. Cardano also utilizes a layered architecture that separates its settlement and computation layers, allowing for greater flexibility and scalability. The platform’s native cryptocurrency, ADA, is used to pay for transactions on the network and to incentivize staking. ADA ranks among the top 10 cryptocurrencies by market cap, with a max supply of 45 billion and more than 34 billion in circulation.
What is Polygon?
Polygon is an L2 (layer-2) solution for Ethereum. It is designed to improve the performance and scalability of Ethereum by providing faster and cheaper transactions. Polygon achieves this using a sidechain architecture, where transactions are processed off the Ethereum main chain and then settled on the main chain periodically. This reduces congestion on Ethereum, resulting in faster and more cost-effective transactions. Polygon also supports the development of decentralized applications (dApps). Polygon has a developer-friendly ecosystem, including tools to help developers build effective dApps. MATIC, the network’s native coin, is used for governance, staking, and settling transaction fees. MATIC has a limited supply of 10 billion, with more than 9.2 billion in circulation.
Avorak AI (AVRK) is a new entrant in the blockchain space. It is an AI platform built on the BNB Smart Chain. The AI crypto project aims to provide an extensive list of solutions that make life easier for everyone– from individuals to large organizations.
Avorak’s solutions will be under an interactive AI that uses both text and voice-to-text user-input systems. These solutions include digital assistants, data analysis, device security and management, automated video editing, command-line trading, and much more. Avorak AI products and services have unique features that distinguish them from other solutions. For example, Avorak’s text-generating AI produces grammatically-correct texts that fit exact specifications without repetition or plagiarism.
The AVRK token grants access to the Avorak network and is used as credit for using its AI services. AVRK also serves other utility functions within the ecosystem. The AVRK token is deflationary and has a capped supply of 40 million, which is at par with valuable cryptocurrencies like Bitcoin (BTC). The Avorak AI project is in the ICO phase and has achieved many milestones. Several exchanges have announced they’ll be listing the AVRK token, and the project has amassed interest from crypto watchers all over the world. AVRK is currently selling at $0.235, which is a 291.67% increase from its initial price. Avorak’s launch price is $1, and many signs point to it going up after the launch. However, as with any investment, doing your due diligence is paramount.
For more information on Avorak AI:
Buy AVRK: https://invest.avorak.ai/register
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