It was in November 2023 when Polygon (MATIC) improved their zkEVM protocol.
Considering that the XRP community anticipates a resolution of the issue, the trials and tribulations that the SEC has experienced with the Ripple litigation are noteworthy.
The cloud computing platform nuco.cloud is a revolutionary innovation that is set to revolutionize the way in which people and organizations utilize computer power.
Nuco.cloud
Cloud computing has never been easier than with nuco.cloud, a revolutionary platform that will change the way people and companies use computer power. As the first decentralized mesh hyperscaler, nuco.cloud combines the groundbreaking distribution technology of BOINC (developed at UC Berkeley) with the processing power of enterprise data centers. This novel method creates a safe, scalable, and resilient computing ecosystem by pooling idle computer resources from many professional data centers. Its low price—70–90% less than conventional methods—is one of its distinguishing characteristics.
The field of tokenomics
The fixed and non-increasable total supply of 50,000,000 NCDT tokens guarantees both scarcity and the possibility of value appreciation.
Half of the entire supply, or 25 million tokens, are in circulation as of November 2023. One quarter of the entire supply, or 12.5 million tokens, have been set aside by the firm as a reserve. These tokens will be vesting from their BaFin Custodian License-holding German Token Custodian. Staking pool awards and marketing campaigns receive the remaining 12.5 million tokens, or 25%.
Fifty million NCDT total
Distributed Inventory: 25,000,000 NCDT
Reserve held by the company: 12.5 million NCDT
Promotional / Staking / Airdrop: 12.5 million NCDT
A healthy ecosystem is fostered when 70% of the cash goes to the miner and 30% is reinvested back into nuco.cloud when users pay for computing power at nuco.cloud GO in NCDT.
You won't be able to buy the tokens directly from nuco.cloud; they're only available on exchanges. As a result, the market price remains competitive and fair throughout the exchange's demand and supply cycles.
Ripple (XRP)
One of the most notable characteristics of Ripple is its RippleNet network, which employs a one-of-a-kind consensus process rather than the conventional proof-of-work or proof-of-stake models on the market. When it comes to the realm of cryptocurrency, where speed and sustainability are of the utmost importance, this configuration makes it possible to conduct transactions that are both more energy-efficient and quicker.
The capacity of Ripple to complete transactions in a matter of seconds, in contrast to the minutes or even hours that some cryptocurrencies need, places it in a position of leadership within the realm of financial technology.
Furthermore, the fact that RippleNet is able to function with a variety of currencies, including fiat currency, allows XRP to be a flexible asset for use in international financial transactions. Because of its adaptability and effectiveness, Ripple (XRP) is a strong contender for the title of best alternative cryptocurrency to invest in.
Through its zkEVM Upgrades, Polygon intends to capitalize on the current bullishness in the market.
Polygon (MATIC) announced on November 23, 2023 that it has improved its zkEVM network. The upgrade was very smooth, and there were no interruptions as a result. In 2023, the zkEVM services offered by Polygon have gained a lot of popularity as a result of the fact that several networks are looking for new ways to grow their blockchain activities.
The news that Polygon has upgraded its zkEVM might be a growth booster for the month of November. At the beginning of November, the price of MATIC was $0.6681. On November 23, Polygon improved its zkEVM network, which resulted in a 15.6% increase in the price of MATIC, which was $0.7729.
The bullishness that is now present in the cryptocurrency market is the cause of MATIC's gain in November. After Polygon's latest enhancements, analysts predict that there will be an increase in demand for the company's services. An announcement regarding a cooperation between Near Protocol and Polygon (MATIC) to develop a ZK solution was made on November 8th.
Such agreements are expected to grow, according to experts, which will result in a rise in trading activity on Polygon (MATIC). As a result, MATIC can experience a 5.5% increase, reaching $0.8158.