Can A Compass Be Worth More Than An Old Clock That Ran Out Of Battery Power? - by @badbitch

A Compass changes directions indefinitely due to position change, so in Crypto terms it is extremely Volatile as influenced by the markets bears and bulls position fluctuation, but an Old Clock lacking recent battery power hangs up on a certain figure overtime till its battery is charged, so in Crypto terms we are looking at a project that hangs firmly at some price range waiting for it's appropriate energy refill hour to soar.

I don't know where you are reading this from, perhaps you're some intelligent life on Mars, any which way, today I'd be comparing Two rival cryptos but I honestly don't think they are rivals, as though I deem one more virtually promising than the other, which is provably just temporal stream. In this crazy space, we've managed to integrate so many projects, upon this achievements, we aim at making crypto a utility and a store of value. We can attain that it's still pretty early so we have just enough time to strengthen these fundamental stages, and that's by pegging up the best picks out there, which can really serve the purpose of cryptocurrency existence.

Litentry (LIT)

Literally I am already bored out making this comparison but don't quit reading just yet, it would be worth the time at the final full stop.

In The Most Simplified Terms

Litentry is a parachain of the heterogeneous blockchain, that is inconmensurable chain that eases multi-chain interchange, by enabling customised side-chains to connect with public blockchains. It is a substratum of the polkadot blockchain, Litentry enables its users to aggregate identities from other chains, featuring an identity matching and identity staking mechanism, it consists solely (per say) of decentralized identity and user activity data aggregation infrastructure. An identity represents a collection of data of a natural person, so we could crown this project a blockchain Oracle. Or maybe not? Since an Oracle deals with only price feed and real time data source of blockchain projects and token economics, Litentry goes beyond so… I guess?

Litentry processes a cross-platform/chain data linking, that is as an Identity tool, it collects data from off-chain and on-chain to validate a user. Could that be a flaw? How do we know this is not Centralized after all? Linking cross-chain accounts is supposedly crucial as the Litentry team states, for a user to be given credits on this block space, he/she would have to go through this process, the cross-platform identity verification is attained by bridging transactions history, collecting all user chain activities, to validate his/her uniqueness on the block space. Quote : "If a user links his Ethereum account on the Litentry network and requires a credit on Uniswap. The off-chain worker of the validator will automatically query and process the data on the appointed smart contract. If all the validators agreed upon the result (a boolean or a number), a credit with a timestamp will be generated and be recorded on the chain." IT is more than what it seems. As much as that sounds legit, it sounds fishy to me. In other words this is all in game to identify whale addresses, identities of wealthy accounts rather than user uniqueness, this totally goes against the decentralized finance motive, validation of User identity in whichever case deemed decentralized is an act of Centralization. But one man's thoughts can't lead the world, so let's look into the community and token activities.

Litentry Community And Token Activities

Hanwen Cheng the founder of Litentry is a former product owner on the Ethereum Blockchain, him alongside his team of 11 players have been In the block space for years and are all well experienced about the blockchain than I am, so probably wiser, so then that means I should study more to grasp advanced knowledge to prevent wrecking moves.

Litentry Token is currently on fire, pumping and burning at the same time, if you go on Coin gecko you can monitor the token activities and how fast it retarded from above $30 to around $3 in just three days (Feb 1 - Feb 4), the tokens were dumped hard upon early token farmers of 28 Jan, 2020 when it was listed on Binance lunch pool. Litentry pegged price was insane and the responsive dump equates relatively. Since gradually gaining back some percentage increase, Litentry has been a compass hitting to diverse directions every second, I guess that credits the project nature of heterogeneous, risky buy plans, agreed?

Let's Meet The Old Clock - HIVE

Hive is a Hard fork of Steem that lunched its own chain March 20, 2020 and since then has performed really well as an independent blockchain. It wouldn't require much harsh crypto-space vocabularies to explain how the world can actually benefit heftily from this project. A seven year old can much quickly grasp the design of the Hive ecosystem and learn how to regenerate income at ease, with speed and scalability without worrying much about fees as though you would barely be eating into your initial investments. Which in most cases had none!

Hive is a decentralized platform built out of a tight window but doing pretty well in recent times. The Sudden cut off from Steem was to prevent the censoring rule that was about befalling the Hive related contents on the Steem blockchain. That said, Hive is solely a block space that provides its users with comprehensive tools to utilize, thereby distributing wealth to the world by supporting content creators publishing on the Hive platform.

What Makes A Good Project?

Hive token all time high is $0.0.970450 at Apr 27, 2020 some weeks after lunch so it wasn't an initial price, nevertheless, Hive token all time low is $ 0.087309 April 06, 2020, so that's even before the big soar. At the time of writing, Hive is trading at about $0.16 per token, showing some good buy pressure at the moment. For a token without a max supply this is a huge qualification to show its promising end.

That Aside, The Hive Blockchain has birthed so many projects under it, some of great successful examples is the Leofinance tribe on this block space. Head over to leofinance.io and see for yourselves if this isn't just one of those future projects for the world.

What adds value to a project is the community, when there's a dedicated set of people coming together to build up an ecosystem, it excels beyond expectations. These are the qualifications that the Hive platform has, counting down from so many underdeveloped countries that have benefited from this project, you could attain final points beyond doubts that this is just one of those projects out there meant for the people. Learning, earning, and having fun collaborates and forms a uniqueness that Litentry can't offer as it is just an investment project that full knowledge grasp and cash flow reach is limited to few - of which would be investors.

The Hive Is The Realest Decentralized System In This Comparison.

But you can Have Your Say!

Thanks for Going Through this journey of friendly comparison and open discussion article, based on a polite manner of presentation of these two crypto projects. If there's any contributions, please make use of my comments section let's interact, thanks again.

Keep Soaring

This article was guest-authored by @badbitch