Can Polkadot (DOT) and Chainlink (LINK) Match up to the Potential of CashFi (CFI)?

Currently, the cryptocurrency markets present a huge opportunity to new investors seeking exposure to projects with huge potential. In this article, we will assess the fundamental aspects of Polkadot (DOT), Chainlink (LINK), and CashFi(CFI) providing an analysis on how they function and whether or not they can be a good addition to the portfolio.

Polkadot (DOT) Won’t Stop!

Polkadot (DOT) is a blockchain platform that focuses on the interoperability between blockchains. It has been developed to connect unique blockchains, whether they are public, permissionless networks, private chains or other Web3 technologies.

One of the largest issues and concerns within the crypto industry is interoperability between blockchains. In a similar way to how key interoperability was for the mass adoption of the internet, interoperability is also imperative for the mass adoption of blockchain technology.

Polkadot aims to connect the dots (ecosystems) which allows them to interact with one another. This makes Polkadot one of the first Layer 0 platforms, giving layer 1 platforms the base they need in order to build an interoperable blockchain. This will enable blockchains such as Ethereum and Solana to connect with little difficulty, which advances the scalability of all blockchains. 

DOT is the native token of Polkadot and it is used for fees on the network, staking to either become or nominate validators, governance over the network, interoperability and also for bonding tokens.

Moreover, DOT is used to pay fees when messages are delivered between blockchains throughout the network. 

Is Chainlink (LINK) the Missing Link?

ChainLink’s decentralised nature differs from other oracle protocols, and this shows through the multiple concepts of oracle distribution and source distribution used by the ChainLink (LINK) network. 

This helps ChainLink avoid centralisation and alternative security issues. Source distribution and oracle distribution are key to the security of the Oracle network. Source distribution is the concept that allows oracles to gather their data from a range of sources. This will help them to keep a good network reputation. 

Oracle distribution is the concept that has data requests contracted to several oracles in order to maintain decentralization.

LINK is Chainlink’s native token. It is used for various purposes on the network to incentivise the accuracy of the data, to keep contracts stable and also to reward node operators for their work in validating transactions.  

LINK is an ERC20 token that has an ERC223 function. The latter provides a function called “transfer and call,” which facilitates communication between smart contracts. When a node operator holds a large number of LINK tokens, they then hold more power within the network.

CashFi (CFI) – The Future of Finance!

CashFi (CFI) is a new project that will be available through a presale shortly. Due to the unique fee-sharing that is built into the contract, users have the opportunity to earn higher returns. This allows users to earn passive income without monitoring their assets. Users simply hold on to their CFI Tokens and receive additional gains. 

The CashFi (CFI) ecosystem provides access to liquid staking and NTFs as well as synthetic assets. The team has years of experience in decentralised finance (DeFi) and has introduced liquid staking so that users can delegate their assets through a 1:1 peg version of ERC20 tokens. This helps users to access DeFi and their tokens will not be locked for the duration of staking. Liquid staking assists in decreasing the risk of volatility and users can borrow and engage in other areas of DeFi.

In traditional staking, assets are locked for the duration of the staking period and users have to incur fees while depositing and withdrawing their assets. CashFi allows access to liquid staking by giving users the opportunity to stake with the equivalent amount of tokens. 

These three cryptocurrencies all offer huge opportunities in terms of a return on investment but it is important to note that this is not financial advice! Research thoroughly before making an investment.

Presale: https://enter.cashfi.finance/register

Website: https://cashfi.finance/

Telegram: https://t.me/CashFi_Token