6 Cryptocurrencies Steal World Economic Forum (WEF) Attention

 The World Economic Forum (WEF) showed interest in crypto technology in a recently published community report.

The Switzerland -based international organization is paying attention to several high -potential crypto networks by providing fast transaction rates per second.

Cardano (ADA)

As a Proof-of-Stake (PoS) open source blockchain network, Cardano is capable of handling 257 transactions per second.

Most recently, the network is in the transition to introducing smart contracts towards the end of Alonzo’s hard fork.

XRP Ledger (XRPL)

XRPL is a network of native tokens, XRP. The network is capable of running as many as 1,500 transactions per second at a low cost rate, $ 0.0003 per transaction.

Solana (SOL)

Solana creates fast transaction rates with isolation capabilities as protocol usage evolves without reliance on layer-2 systems or sharding.

Reportedly the network is capable of processing as many as 50,000-65,000 transactions per second at a lower cost, $ 0.00001.

Celo (CELO)

According to the WEF, Celo was developed to help smartphone users send, receive, and save money.

Celo is said to have a ledger closing period of about 5 seconds with the processing of 1,000 transactions per second.

Algorand (ALGO)

Just like CELO, ALGO is also capable of handling 1,000 transactions per second and a ledger closing period of around 5 seconds.

Algorand is also considered one of Ethereum's (ETH) closest competitors besides Solana.

Stellar Lumens (XLM)

Stellar limits ledgers to only 1,000 operations per ledger. With a ledger period closed every 5 seconds, XLM only executes 250 transactions per second.

Previously, the WEF had revealed 8 high -potential cryptocurrencies in its report for the June issue.

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