The crypto world keeps on gaining momentum with interesting activities. Recently, Tezos launched Mumbai, its thirteenth protocol upgrade that aims to perform tasks on the blockchain at unthought-of speeds.
On the other side, an upcoming token, Sparklo, is gaining quite the attention of ambitious investors who are enthusiastic about trading in the metal markets on the blockchain.
Tezos is a decentralized computing platform specializing in decentralized applications (dApps). It offers solutions similar to competing platforms like Cardano (ADA), Ethereum (ETH), and EOS.
However, the Tezo protocol is unique because it can evolve and modify its own code. Recently, Tezos activated Mumbai, its thirteenth version of the protocol, which introduces Smart Rollups.
Smart Rollups gives dApps their own dedicated hardware so that they can perform high amounts of tasks.
With this upgrade, Tezos will be able to perform more than a million transactions per second.
This is great news to developers and the Tezos community as it will make the platform a better blockchain with lower latency, besides being developer friendly.
The protocol developers are rewarded with XTZ tokens when they ensure transactions in the block are valid. This process of authenticating blocks and adding blocks to the Tezos blockchain is called baking.
By baking blocks, the developers are given governance, and they can take part in decision-making about changes to the protocol. As such, the Tezos community was involved in the decision to upgrade.
Tezos has its native token (XTZ) that seeks to be used in various sectors such as NFTs, DeFis, enterprises, and government. Additionally, XTZ also intends to allow the tokenization of real-world assets like collectibles, art, and real estate onto a blockchain.
XTZ is not the only token that seeks to tokenize real-world assets. Another upcoming crypto token, Sparklo, is gaining much attention as it seeks to tokenize real-world silver, gold, and platinum.
Sparklo will enable investors to stake in 3 metal assets – silver, gold, and platinum – in a blockchain. The Sparklo team aims to avail the most accessible investment platform for retail investors in these assets.
Investors will no longer have to use the traditional way of passing through intermediaries like banks and brokers when they want to trade in metals. Sparklo will provide a decentralized platform, meaning the trade will be purely peer-to-peer.
This will eliminate the transaction costs, increasing the investors’ gains when buying and selling the gold , silver, and platinum. Furthermore, Sparklo is sweetening the deal by offering fractional ownership. Instead of buying the metal at an expensive fee, investors will be able to own a part of it, depending on the amount they want to invest in.
In essence, Sparklo will tokenize the metal assets on the blockchain. Users will then be able to own fractional shares of a metal they want, depending on the equivalent amount of Sparklo tokens they want to invest in and participate in the metal market.
Currently, the Sparklo team is processing the KYC application, and results are expected within the month. Meanwhile, Interfi Network has audited them, and they have passed the audit.
The team is availing Sparklo at a presale price of only $0.015, and as has always been the case, significant gains are projected to be enjoyed by those who invest early.
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
White Paper: https://sparklo.gitbook.io/sparklo-documents/
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