Earlier, we have considered six ICO projects worthy of attention. Today, we take a look at the second part of this list, presenting you six perspective game-changers that develop breakthrough solutions. All they went through an ICO and are planning a network launch this year, along with the release of the native utility (mostly) token.
Telegram Open Network
Telegram Open Network (TON) is probably the most known blockchain project after Bitcoin and Ethereum, yet you will neither find the official website or any other kind of official information.
Named after its alleged founder’s Pavel Durov messaging application Telegram, TON also remains the most mysterious. It appears that TON raised $1,7 billion during two closed rounds in 2018, with the minimum investment of $1 million, as per the only document published on the SEC website.
According to the leaked whitepaper, TON has a full set of elements to become an ecosystem comparable to Ethereum or any other major network.
Bend your fingers: a multi-blockchain network running on a PoS algorithm, consisting of a core blockchain and a number of “workchains”; GRAM token; P2P network; virtual machine for smart-contracts; “passport” identification service; DApps development suite; distributed storage and many other features that we are about to see in action (hopefully).
Also read: ICOs 2017 v 2018: Where Do We Stand?
If to believe what media report about the development progress, obtaining data from the reports prepared for investors, the project was 90% ready in February compared to 70% in November. And lately, it has proceeded to the closed testing stage. A full release of the network and start of the token circulation is expected in the third quarter.
The blockchain industry is full of other major releases that are planned for this year. Take Algorand, for instance. Led by the MIT professor Silvio Micali, it is a future DApp development platform for enterprises. The project has managed to get a $62 million funding.
Algorand compares itself to other networks, focusing on the “trilemma”: a high level of security, decentralization, and scalability. No project has all three properties, but Algorand will allegedly be ― with the Vault technology, which allows to “compress” blockchain data, reducing costs of storage and bandwidth.
The Vault’s block size is significantly decreased, and each block contains a hash of the previous one. To reduce the amount of stored data, Vault applies a specific principle of data separation. At the same, Algorand relies on a “pure” PoS model based on a Byzantine agreement protocol, meaning that the blockchain is distributed and fault tolerant without any form of centralization. Read more about technical details here.
While the testnet has been opened to the public in April, the Mainnet launch is scheduled for June.
With $125 million gathered on the SAFT-compliant ICO in 2018, Orchid has become a pretty much notable blockchain project. Project’s team claims their main goal is “to ensure that every person on Earth can have access to an open, decentralized, and uncensored Internet.”
Orchid is going to provide a “natural” VPN service, which is driven by the users’ micropayments, thus making it decentralized with any other VPN service or anonymity-enabled application like Tor browser.
Theoretically, users would purchase or earn tokens by dedicating available bandwidth for running a network node, and then use them to access the relay nodes and to encrypt and anonymize the traffic. When this anti-surveillance tool for internet users will be revealed, however, is uncertain.
Nowadays, the demand for privacy on the internet is high, so there are enough projects developing such solutions. After Orchid, we would like to present Oasis ― “a privacy-reserving cloud computing platform” on a blockchain.
To ensure privacy, Oasis utilizes computing techniques like “secure enclaves” and “zero-knowledge proofs”, so no one could access the user’s data without permission. At the performance side, the project leverages “entirely new” architecture that separates computing from consensus, allowing complex applications to run smoothly. For developers, there are APIs and SDK available, along with the machine learning, data analytics, and compatibility with the Ethereum.
And “whales” seem to be interested in the Oasis’ technologies. Last year, Oasis rolled out the “startup hub” for funding privacy-focused startups, joining efforts with several investors, including Binance Labs, Pantera Capital, and Polychain Capital. Meanwhile, Oasis is implementing its solutions for several corporate clients. The public release is yet to be announced.
Founded by professors from Yale and Columbia universities, CertiK is a formal verification framework for smart contracts and blockchain ecosystems. To confirm a blockchain’s security in an automated manner, the platform applies “mathematical proofs” to networks to determine whether hackers can breach the systems, using a decomposition approach, pluggable proof engines, among other tools.
At the beginning of this year, a startup has managed to forge a partnership with the Binance, CertiK provided its solutions to enhance the security of tokens listed on the trading platform, in return getting an investment from Binance Labs division. Throughout 2018, the startup has audited “over 150 projects” and secured over $1,5 billion worth of digital assets, from top exchanges to major protocols.
CertiK is planning an ICO, but it is not known if the retail investors could attend the event. There are reports of a native non-refundable utility token dubbed CTK, without any details.
Singapore-based startup Perlin is a decentralized cloud computing marketplace that leverages underutilized compute power in everyday smart-devices “to make supercomputing economically viable and accessible globally”.
It consists of Wavelet, a directed-acyclic-graph (DAG), “matestable” and Sybil-resistant, added with the proof-of-stake consensus. On top of the DAG-based ledger lies a decentralized cloud computing marketplace, gathering unutilized resources from everyday devices like smartphones.
Within the Perlin network, miners are owners of computers who rent their idle machines in exchange for a native token PERL, to customers (researchers, startups, and enterprises) who are in need of computing power. Still, the token was sold privately, and whether public sale will follow, not known.