12 Best Cryptocurrencies to Invest in According to Reddit

8) Tokamak Network (TON)

Market capitalization as of August 29: $46.2 million

Tokamak Network is a comprehensive blockchain platform, that has been designed to enhance the scalability and flexibility of decentralized applications (DApps) operating on the Ethereum network. It was established in 2018 by a team with deep expertise in the cryptocurrency sector. The platform addresses a critical need for increased efficiency and capability within the Ethereum ecosystem.

At its core, Tokamak Network serves as the network of Layer 2 (L2) solutions, which are networks built on top of the Ethereum blockchain to improve transaction speeds and reduce costs, without compromising security. The platform helps the development and deployment of multiple types of L2 networks, which are customized to the specific needs of its users. This flexibility enables the developers to create customized L2 solutions that can efficiently handle their DApps’ demands.

The Tokamak Network makes use of a multifaceted approach to make sure that it is secure and efficient, central to which is the usage of SNARK technology. This cryptographic method is well-recognized for its ability to facilitate privacy and scalability. Through the integration of SNARK technology, the Tokamak Network improves the security framework, making it robust against potential threats and vulnerabilities.