Cryptocurrencies began trimming gains yesterday in the wake of the incredible gains recorded towards the end of the just concluded week. Ripple (XRP) towered high up the crypto space horizon with gains of over 80% in a single week. However, the weekend consolidation has led the market into deflation again. The majority of the cryptocurrencies are bleeding profusely at the time of writing on Tuesday 25. Ripple has switched tables to become the leading among the biggest losers of the day with a 17% decline in the last 24 hours.
Stellar (XLM) and Cardano (ADA) are following closely with 11% and 10% losses respectively. However, the situation is not all gloomy for the altcoins, there are a couple of coins, OST (OST) and Aurora (OA) that are still recording considerable gains on the day. These are the hottest coins of September, besides we expect them to continue with the uptrend in the coming months towards the end of the year.
OST is among one among the rapidly increasing blockchain as a service platforms. Particularly, OST focuses on building blockchain solutions that empower modern businesses. It self, a public blockchain protocol that boasts of having millions of active users. Furthermore, the platform provides a framework for businesses to build their own Branded Tokens in order to develop efficient ecosystems that are dynamic.
The platform offers businesses a complete package referred to as OST KIT. It is a complete blockchain toolkit specifically designed for businesses. It encompasses tools that business owners require to develop and operate their “blockchain-powered economy on open scalable sidechains.” With this toolkit business do not need an ICO for launching their Branded Tokens. The whole process has been simplified greatly and can be completed in minutes.
OST team recently launched the OpenST Mosaic, a software that is being used to scale blockchain economies to handle billions of users. OpenST Mosaic was first introduced by the co-founder of OST who doubles as the Chief Blockchain Strategist, Benjamin Bollen at the Upbit “Proof of Developer” conference held on September 13 in Jeju, South Korea.
“We believe that OpenST Mosaic is a viable on-chain solution for scaling apps on Ethereum to billions of users, without requiring any upgrades to Ethereum as it (proof of) works today. Mosaic will also scale even further with future upgrades to Ethereum as they are released,” as written on the Medium.
At the time of writing, OST is trading at $0.05 following a 41% spike in the last 24 hours. It is a 20 million token by market cap with a trading volume of $20 million in the last 24 hours.
Aurora, on the other hand, is a one stop shop for blockchain technology solutions. It utilizes DPOS+BFT consensus algorithms that have allow it to build lightning-fast smart contract programs that aim at connecting various industries. Aurora mainly forces on developing programs for the gaming industry, big data, Artificial intelligence as well as the Internet of Things (IoT). It also provides “unique intelligent application isolation, enabling multi-chain parallel expansion and an unlimited increase of TPS with guaranteed security.”
The platform offers multiple advantages for blockchain applications for instance the DPOS=BFT Consensus Mechanisms reduce the risks of forking to a minimum level. In addition, it has something called P2P Stereo-net that ensures fast and safe communication on the network.
In their recent weekly update the team talked about the improvement being done to the mainnet. Some of these include the 0.4.24 version solidity complier that has been included to the smart contract. It will also support the upgrade of the built-in complier in PC wallet. A “payable” sign has also been included “when recharging multi-assets in smart contracts.” The report contained a significant amount of details which can be found here.
At present, Aurora is dancing with $0.0265 after rising 19.28% in the last 24 hours. Aurora has a market cap of $91 million and a trading volume that stands at $899,657. The crypto is ranked 68 in the market according to the data on CoinMarketCap.