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How much difference can automation make?
I’ll give you an example. A global banking and financial services firm with more than 50,000 employees recently implemented robotic process automation (RPA) to automate a process that – until then – required highly paid traders to spend multiple hours a day extracting data from one system and inputting it into another. With relatively inexpensive RPA software, the company freed up those traders to do more important work, cut turnaround time by more than 90 percent and completely eliminated the chance of human error, saving it upwards of a million dollars per quarter.
Examples like this abound. A single robot can be trained to carry out a variety of processes, automating the exact functions – keystroke by keystroke – that have been traditionally performed by humans. A company need not face its process demons before automating them, so the upside is relatively quick and low risk.
Although more expensive and time consuming to deploy, emerging cognitive solutions are showing they can analyze data to identify patterns and probabilities and even learn about the tasks they are performing, creating a feedback loop for machine-led continuous improvement.
But are companies really game? And how fast are they moving toward their robotic future?
Behind the scenes of even the most innovative and fast-moving companies runs the complex – and sometimes cumbersome – machinery of the back office. It is the critical and often repetitive work of these business support functions – processes like IT ticket monitoring, billing, collections, recruiting and invoicing – that power business operations and growth. Make these processes more efficient, and the whole machine runs faster. Help these employees accomplish more work, and the whole business benefits.
To get a better view of the changing nature of the automation landscape, ISG asked more than 500 business and IT leaders about their current use of and future plans for automation and artificial intelligence. Respondents represented small companies (1K-5K employees), midsized companies (10K-25K employees) and large companies (greater than 25K employees) in the U.S. and Europe from a range of industries, including banking, insurance, manufacturing, pharma, retail, life sciences, hospitality, transportation and business services.
When we asked businesses to predict their short-term plans for automation and artificial intelligence (AI) in support of business processes, we heard a clear message. Greater than 80 percent of respondents said they plan to apply automation and AI to one or more business processes in the next two years. While just 16 percent of respondents are currently using automation and AI for mission-critical business processes, this number will rise sharply to nearly 50 percent by 2023.
What does this mean for human workers? Will the back office of tomorrow be completely devoid of life while self-managing algorithms churn out work around the clock?
Here’s where our research got interesting. We found that automation is not replacing jobs. A full two-thirds of respondents claimed their automation initiatives are primarily focused on automating specific tasks within a business process. They are using a software robot to transfer data from one enterprise system to another, for example, or to complete an invoicing transaction. This mean humans and software robots are working alongside one another. Nearly three-quarters of those we surveyed said automation and AI will free up their staff to work on more important strategic initiatives – or simply take on more work.
The majority of companies today spend as much as 70 percent of their IT budget running the business and keeping the lights on, which means the CIO cannot make headway on his or her never-ending list of new initiatives and emerging technologies.
Without automation, this problem is intractable. With automation, companies can reduce operating costs and repurpose workers so more human creativity and more brain power can go to new digital business initiatives, increased cybersecurity protection or better integration with customers and business partners. In short, the innovations that protect – and grow – businesses.
For many, the initial reaction to automation is “No.”
Leaders perceive too many risks, too many unknowns. But, over time, they see firsthand the tremendous value they can unleash with automation.
Once they learn that the promise of automation is bigger than all of their re-engineering efforts put together, “No” turns to “Know.” As more and more companies pilot and productionize automation and AI technologies – in today’s “Now” stage – they no longer need to worry about how they measure up to legacy financial process benchmarks from the market; they simply conduct business more quickly and inexpensively.
Critics of automation often point to ATMs as an example of how technology eliminates jobs. But the facts don’t support this version of the story. According to the Federal Reserve, when the first ATM was installed in the U.S. in 1969, there were 300,000 banks tellers. By 1980, there were 18,000 ATMs and 400,000 tellers, and by 2014, there were 400,000 ATMs and nearly 600,000 tellers. Clearly, tellers were doing many other activities besides doling out cash – and clearly the relationship between automation and jobs is more complicated that many like to think.
There is no question that automation and AI will be instrumental in fending off fast-moving competition or even digital disruptors that are difficult to anticipate. Enterprise leaders need to move beyond NO to KNOW, then quickly into NOW – not only because automation is faster and cheaper than business process re-engineering, but because it frees up staff to do the work that will revolutionize their business, not the work that will merely sustain it.
Photo courtesy of Shutterstock.
You're reading The Automation Journey: From No, To Know, To Now
The Top 10 Industrial Automation Trends in 2023 are illustrated below
Industrial automation improvements boost output efficiency, cut costs, and streamline procedures. Manufacturers are using industrial automation because of this. Startups further expedite this process by providing off-the-shelf, readily integrable, and scalable automation solutions. An overview of the top 10 industrial automation trends for 2023 is given in this article. They include wearables, blockchain, sophisticated robotics, and artificial intelligence (AI). Discover how they affect your business by reading on.
1. Artificial Intelligence: AI allows robots to learn, adapt, and decide independently. It helps manufacturers find asset trends and anomalies so they can optimize output and cut down on downtime. Industrial robots and drones with built-in AI are more precise and help with jobs like material handling, maintenance, and inspection. As a result, there will be less need for human involvement and less chances of mishaps. AI thereby increases the effectiveness of maintenance procedures and extends the life of the equipment. To create these solutions, startups use machine learning (ML), deep learning, and computer vision.
2. IoT: All industrial machinery and equipment must be connected to gather and evaluate real-time data for industrial automation. This is possible by IioT, enabling industrial organizations to optimize production, lower downtime, and enhance safety. It also allows production managers to keep an eye on the settings and circumstances on the floor. In addition, IIoT-powered systems warn staff members and operators of possible dangers, track staff members’ whereabouts and health, and provide more effective emergency responses. To shift data processing closer to the source, startups also focus on edge IoT and artificial intelligence of things (AIoT).
3. Contemporary Robotics: In risky situations, robots help employees to reduce accidents and address labor shortages. Cobots, or collaborative robots, cooperate with people and change to fit their environment. This enables them to carry out a variety of jobs, including assembly, packing, and equipment maintenance. These robots lower labor expenses and improve the effectiveness of production lines. Additionally, startups are developing mobile robots that can move across unstructured areas and robotic arms that have improved dexterity and accuracy. As a result, such end-of-arm tools (EOAT) automate welding, picking, placement, and 3D printing operations. Robots with self-healing capabilities also require less upkeep.
4. Edge Computing: The need for real-time data processing and low-latency connectivity in industrial environments motivates edge computing. Cloud-based solutions can ease distant data access for enterprises while lowering IT overhead. Thus, for industrial automation, factories combine edge and cloud computing. For instance, whereas cloud computing enables data analytics, storage, and access, edge computing handles real-time monitoring and equipment control. Startups help with this by providing platforms and devices that can be integrated into current equipment to allow edge or cloud computing, reducing the need for internal product development.
5. VR & AR: The use of virtual reality (VR) and augmented reality (AR) increases worker productivity and security. As an illustration, VR mimics real-life circumstances to assist in the training of personnel, enabling them to train in secure and regulated surroundings. Additionally, immersive technologies enable real-time information exchange to raise worker productivity and lower human mistake rates. Startups are developing AR software for supported industrial equipment maintenance and providing digital twins of factories and assets utilizing immersive reality technology. Immersive technologies, therefore, help process automation, enhance worker security, boost output, and decrease downtime.
6. The requirement for precise, accurate, and complicated part geometries, necessitating expensive gear, slows production processes. The creation of parts is automated in additive manufacturing, shortening the lead time for product development and prototyping. Additionally, 3D printing enables producers to design unique goods and parts. It reduces tooling costs and material waste to a minimum. Therefore, startups use cutting-edge 3D printing technology and materials to boost printing speed and accuracy.
7. Automation of manufacturing workflows through industrial digitalization is required, which raises the danger of cyberattacks. Downtimes, the loss of private information, and financial harm result from this. Cybersecurity for enterprises becomes crucial to safeguarding production operations. These technologies shield industrial control systems (ICS) from unwanted access. Additionally, cybersecurity solutions shield intellectual property (IP), which costs money and harms reputation, and stop data breaches. AI-based cyber threat detection and comprehensive security options for IIoT systems are further alternatives. Startups also develop operational technology (OT) device security software solutions integrated into current systems.
8. Production floors incorporate 5G to provide real-time communication and data processing due to higher data rates, lower latency, and more capacity. This is essential for industrial automation because it makes M2M communication more dependable. Workflows for producing things become more productive and efficient as a result. Additionally, 5G allows for equipment management and remote monitoring. Additionally, 5G enables the integration of data-intensive technologies for more effective production systems, including IIoT, AR, VR, and AI. Entrepreneurs are developing hardware and software to implement 5G networks and devices powered by 5G in industrial settings.
9. Blockchain provides safe data exchange across devices, people, and organizations and decentralized communication. Startups also provide smart contracts for tracking and authenticating goods along the supply chain, decentralized equipment control and monitoring, and supply chain management. This improves data access and sharing while automating stakeholder coordination and cooperation. Therefore, blockchain creates a transparent, secure, and self-managing industrial ecosystem.
Hyper Automation is currently the star of the AI market! Read to know more
, without a doubt, improves the efficiency of the business process. However, it focuses on a narrow set of tasks. In this, a single technology or technology is combined into a single tool that optimizes and automates tasks.
, on the other hand, augments business processes and provides
by clubbing technologies like RPA, AI, ML, iBPMS, etc. The aim is to transform the business and IT industry by automating and optimizing various processes from start to end and to streamline complex processes with zero error. Here are the top 10
hyper automation software solutions
that you should know about in 2023.Robotic Process Automation (RPA) iBPMS Process Mining
From optimizing business processes to risk identification, process mining plays a significant role in different industries. When processes are documented it looks simple and structured. However, in practice processes are more complex, and sometimes turn out to be less productive as expected due to various factors. Process Mining methodology provides organizations an analytic insight into business processes. It allows organizations to visualize the business process operations and helps to find out the repetitive tasks that can be automated with RPA or AI. Process mining is an important technology that enables hyper automation.Optical Character Recognition (OCR)
OCR recognizes text from various handwritten or printed documents and even from images, and converts it into machine-readable language. When OCR is clubbed with RPA and AI, various business processes can be automated, including decision-making with zero human interference.Automation Anywhere
Banks and other organizations that process hundreds or thousands of applications per day laud the comprehensive RPA toolbox available through Automation Anywhere. The technology can easily pull raw data from forms and run names through KYC check-up systems. Without the need for human interference, bots can then autonomously route data to the next step in the process.UiPath
Racking up a stellar 4.5-star rating on G2, UiPath is one of the top RPA platforms for businesses embracing hyper automation. Say goodbye to mind-numbing manual tasks—hand off responsibility to one of UiPath’s many software robots. These digital helpers can extract data from files and forms, mimic keystrokes, and move data through your systems at lightning speeds.Celonis
Celonis lets loose a series of bots to comb your process logs and extract helpful intel. You can then use this information to better understand the way your organization operates and how you can better optimize each and every step. Supply chain experts, accounts payable teams, distribution managers—anyone overseeing a bevy of daily digital operations can benefit from Celonis to analyze big data and uncover valuable process patterns.Intercom
A study by IBM revealed that major organizations field over 265 billion customer service calls each year. While most of these calls are handled by human representatives, only 20% require complex thinking. To lighten the load, businesses turn to AI chatbots like Intercom to handle the lion’s share of calls, including routine questions like password resets, pricing inquiries, and service tier upgrades. AI chatbots can mill through knowledge databases and FAQ centers to find answers to customer questions and use this information to train their brain to take on more challenging requests. A win-win for organizations strapped for time.Alteryx ProcessMaker
Today marks 60 years since U.S. scientists detonated the world’s first thermonuclear weapon on the Enewetak Atoll in the Pacific. The hydrogen bomb, powered by nuclear fusion rather than fission, was hundreds of times more potent than the atomic bomb that devastated Hiroshima in 1945.
In August 1955, Popular Science published 10 photographs that together tell the dramatic story of “10 years of progress in harnessing the mighty atom,” from the uranium rush to the first atomic hospitals. We also carefully illustrated and annotated our vision of an atomic spaceship (one day!) Check out the gallery for some of the biggest moments in atomic history.
See the gallery.
“Radioisotopes… inaugurate wide use of these artificial radioactive substances, scarce and costly before, to cure disease and serve as tracers in research.” Read the full story in our August 1955 issue.
1947: Fast Reactor
“Fast reactor completed at Los Alamos, first of kind, foreshadows future designs for atomic power. Small compared to bulky uranium-and-graphite predecessors, it burns plutonium, and is cooled by liquid metal instead of by water or air.” Read the full story in our August 1955 issue.
1948: Uranium Rush
“Uranium rush begins in U.S., with announcement of Government program to spur the hunt for the newly strategic metal, including generous payment for ore and a fat bonus for extra-rich finds.” Read the full story in our August 1955 issue.
1949: Making A-Bombs
“Making A-bombs is revolutionized by U.S.-developed method of mass production. New technique, and news that Russia has A-bomb, speed stockpiling.” Read the full story in our August 1955 issue.
1950: Atomic Hospitals
“Atomic hospitals, the first exclusively for atomic medicine, open at Oak Ridge and Brookhaven reactor sites. Posed photo demonstrates how Geiger counter checks effect on patient of ‘atomic cocktail’ from Brookhaven reactor.” Read the full story in our August 1955 issue.
1951: First Electric Power
“First electric power from atom lights building, and bulbs in photo. Token amount exceeding 100 kw is generated by Experimental Breeder Reactor at Arco, Idaho. Later, same reactor proves ‘breeding’ can vastly augment atomic-fuel supply.” Read the full story in our August 1955 issue.
1952: Atomic Cannon
“Atomic cannon unveiled by U.S. demonstrates not only a new A-weapon–but also the wide variety of atomic ammunition now available, ranging down to size that fits gun’s bore. The following year, the cannon fires the first nuclear shell.” Read the full story in our August 1955 issue.
1953: Atom Power Station
“Full-scale atom power station takes shape as construction begins of first in history, to generate between 50,000 and 100,000 kw at Calder Hall, England.” Read the full story in our August 1955 issue.
“H-bomb facts burst upon world as U.S. explodes biggest hydrogen bomb, and bares its awesome power. U.S. had set off its first in November, 1952; Russia in August, 1953. But even existence of H-bombs was secret till end of 1953.” Read the full story in our August 1955 issue.
1955: Atomic Sub
” ‘Under Way On Atomic Power’ is historic message flashed by U.S. submarine Nautilus, world’s first atom-propelled craft–and forerunner of others that may ply the sea and air, on peaceful as well as military missions, in the years ahead.” Read the full story in our August 1955 issue.
The Future! Atomic Spaceship
“An atomic spaceship, General Electric engineers say, awaits more novel and distant developments: a reactor yielding electricity directly, and an engine shooting a jet of electrified particles rearward for propulsion.” Read the full story in our August 1955 issue.
The Food & Drug Administration is finally allowing 23andMe to provide testing for the breast cancer-related genes BRCA1 and 2. Back in 2013, when the direct-to-consumer company originally starting selling the test, the FDA clamped down and forced 23andMe to verify its genetic health risk evaluations. 23andMe had to prove the genes they were testing for were related to a health condition, and show that the tests were accurate.
But it also means we’re handing out data to people who might not be adequately prepared to hear it, and who might not actually understand what they’re getting. Testing positive for a genetic mutation often doesn’t mean you’ll get the associated disease, and we still don’t really understand how exactly genes impact your overall health. Before, when you had to get your genetic information through a counselor, a trained expert walked you through the process and explained the complex factors that go into disease risk. Now you get your answer from a website.
There’s a lot to unpack about this new BRCA test, so let’s take a few minutes to discuss what’s at stake here.What is BRCA, anyway?
Inside your cells, you have a set of proteins whose only job is to identify and fix mistakes in your DNA. Every time your cells divide (which, by the way, happens millions of times a day), they have to replicate your genetic code to pass it along. Individual mutations—which is what we call any mistake in your DNA—happen all the time, but your repair proteins fix most of them before they cause any harm. Mutations most often come in the form of one DNA building block being swapped for another, but sometimes they occur because a DNA strand breaks, and the repair protein mends the strand imperfectly. Maybe a piece is lost, or the wrong end of the strand gets stuck back on. If just one strand snaps, the repair proteins can usually match the right end. But if both strands break at once, repair proteins struggle to make it right.
This is why the majority of women with BRCA1 and 2 mutations go on to develop breast cancer. In the general population, 12 percent of women develop the disease at some point in their life. But having certain BRCA1 or 2 mutations ups those odds to 72 and 69 percent, respectively. It also increases your chance of getting ovarian cancer, though not by nearly as much.
These mutations are inherited, so women with a strong family history of breast cancer—especially family members who got cancer in both breasts and/or at an early age—are often encouraged to get a genetic test. Being a carrier of these mutated genes doesn’t necessarily mean you’ll develop breast cancer, but it increases your odds so much that doctors tell people with positive results to get screened for cancer earlier and more often.Does the 23andMe test work?
In order to get greenlit by the FDA, 23andMe had to prove that their test was clinically valid, meaning it can detects BRCA1/2 mutations with high accuracy and precision.
The big caveat here is that the 23andMe test only looks for three possible mutations out of more than 1,000 known variations. Not all of those are harmful, but many are, and the 23andMe test can’t tell you whether or not you have most of them. A negative result means you don’t have the three most common BRCA1/2 mutations, but you might have others.
It’s also worth noting that these three mutations are almost exclusively found in the Ashkenazi Jewish population. Though you may have Jewish heritage that you’re unaware of, most people not of Ashkenazi descent are going to test negative through 23andMe regardless of whether or not they’re actually a carrier for other BRCA mutations.Should I get the 23andMe BRCA test?
Very few physicians would recommend BRCA testing for the broad population. Less than one percent of people have a BRCA1/2 mutation, so screening everyone isn’t practical or ethical. You’d end up with a lot of false positives—meaning the test says you have a mutation, even though you don’t—because no test is 100 percent accurate. But it is often recommended that you get a test if you have a family history of breast cancer, or if a family member has a known BRCA mutation.
Before home DNA tests, you’d have to go to a genetic counselor to discuss whether you should get a BRCA test at all. The National Society for Genetic Counselors argues that this should still be the standard. “Anyone who has a strong personal or family history of breast or ovarian cancer and is interested in finding out more about their individualized risk should consult with a genetic counselor to discuss their genetic testing options, or to discuss their results,” said Erica Ramos, President of the NSGC, in a statement. Though it’s never a bad idea to go talk to a counselor, not everyone still agrees with that idea.
“I have become more open to the fact that not every person who gets BRCA testing needs a pre-emptive counseling session with a certified genetic counselor,” wrote Leonard Lichtenfeld, Deputy Chief Medical Officer for the American Cancer Society, on his official ACS blog. “Even the genetic counselors have told me they have better things to do with their time, and that there are acceptable alternatives to informing those who want to know more about the test before they get it, such as computer-based information modules.”
The U.S. Preventive Services Task Force, which reviews evidence for various screening tests and offers a recommendation, says that women should first be screened for a family history of cancer and that “women with positive screening results should receive genetic counseling and, if indicated after counseling, BRCA testing.” They recommend against getting screened if you have no family history suggesting BRCA mutations.
“Given the importance of integrating medical and family history in understanding the implications of the results, it is similarly important that these be considered when deciding which tests are needed,” says Michael Watson, Executive Director of the American College of Medical Genetics and Genomics. “Not only is it important to have knowledgeable professionals involved in interpreting the clinical implications of the results of these tests for a specific individual, it’s equally important that these knowledgeable professionals be involved in informing people of which test is most useful for them, if any.”
He notes that many of the other health conditions that direct-to-consumer tests look at don’t have a lot of clinical relevance. If you find out you’re predisposed to certain eye diseases, it probably won’t change what your doctor recommends you do to stay healthy. But Watson explains that the BRCA mutations do change your situation. Some women will have preventative mastectomies or hysterectomies to confront an extremely high likelihood of cancer.
There’s no one right or wrong answer to the question of whether you should get the test or whether you should talk to a counselor. But it can’t hurt to talk to a medical professional.
It’s also worth keeping in mind that companies who profit from selling you a genetic test are the ones encouraging you to take said test. It used to be that DNA testing companies got their business through doctors and genetic counselors. Now those companies are coming directly to consumers, and we shouldn’t assume they have our best interests at heart.
23andMe receives a steady stream of income from selling customers’ genetic information. Some of it goes to research institutions, but they also sell to for-profit companies who use that data to try to develop new drugs. Though they may have nothing but good intentions, 23andMe only profits if people take their tests. It’s not in their interest to tell you that this may not be the right choice for you.
That being said, 23andMe is also a fairly cheap and easy way of looking at genetic markers for health risks. It’s probably not the ideal way to learn about those risks—that’s why we have counselors—but it’s not the worst. And if you’re unaware of your family history—if you’re adopted or estranged from your biological family—getting a test like 23andMe can be an accessible way to learn some basics.What happens if my test says I’m positive?
Should your test say you have a BRCA1/2 mutation, now you should definitely talk to a genetic counselor. 23andMe doesn’t directly provide those services, so your best bet is to use the NSGC’s “Find a Counselor” tool. You’ll also probably want to talk to your primary care doctor about the results, since they should be aware of your situation. It’s possible they’ll ask you to consider some proactive treatments, depending on how high your risk is. And if you test positive for one of the common BRCA mutations, they’ll definitely want to put you on a more intense cancer screening regimen than the general population.
You may think that if you know what the results mean and don’t care to do anything about them, you don’t need to see a counselor. But here’s the thing: you don’t know what you don’t know. Genetic counselors are trained to talk to people who have just received what is, undeniably, life-changing news. They will know what you need to be aware of, and should you experience any anxiety or depression from the news, they’ll get you help. And perhaps even more importantly, they’ll know if you should follow your 23andMe results with a more in-depth genetic screening. There are many other mutations out there related to breast cancer, and some of them can raise your risk for other kinds of cancer, too.
23andMe repeatedly brings up the study they did showing that receiving a positive BRCA test didn’t have negative impacts on their customers. That may very well be true, but you should also know the conclusion came from interviewing just 32 people who responded to a request to participate in the study, out of 136 people who tested positive. Out of those, 16 were men. Male carriers still have a significantly elevated risk, but their lifetime risks of 1.2 and 6.8 percent for BRCA 1 and 2 respectively are still lower than the average woman’s breast cancer risk. It also slightly elevates the risk of prostate cancer.
When asked about their emotional response to the news, three women and one man reported that they were moderately upset, indicating they “couldn’t stop thinking about the result.” Another three women and 6 men were somewhat upset, meaning they felt “initial disappointment” or “felt anxious at first but then anxiety went away.” Nine women and eight men were neutral (some of these may have been people who already knew they were carriers, since five women reported they had already been tested).And what if it’s negative?
Since the test only looks for three mutations, a negative result on the 23andMe test isn’t a guarantee of anything. If you have a family history of breast cancer, you should go to a genetic counselor and ask about getting a full screening. It’s only with a broader test that you’ll know whether you’re truly a carrier, which can inform your future plans for cancer screenings like colonoscopies and mammograms. So unless you also want to take 23andMe for other reasons, it doesn’t make much sense to use it for BRCA. Just skip right to talking to your doctor. 23andMe may be cheaper if you’re trying to get tested without insurance, but it’s still not going to do you much good when you’re left with incomplete results.What if I don’t want to know?
No genetic test is to be taken lightly, so everyone should consider the possible outcomes before they get one. Maybe it’s right for you, maybe it isn’t. Just think about it first. And if you’re at all willing or able to do so, talk to a doctor or genetic counselor, too.
In this comprehensive guide, we thoroughly examine the best crypto coins to buy now that people and the press in the crypto space have their eyes on for the year 2023 and beyond. We carefully evaluate and analyze these top new cryptocurrencies available for purchase today, with a particular emphasis on the crucial factors to consider when searching for the best cryptocurrencies to buy now. This in-depth analysis relies on analyst perspectives, trending data from the crypto market and industry, and firsthand information, providing a comprehensive and detailed exploration and summary.
ApeMax claims the leading position among the best cryptocurrencies that you can buy now. ApeMax is an inventive cryptocurrency that introduces unique Boost-to-Earn staking tokenomics, enabling holders to earn rewards in a distinctive manner.Ultimate List of Best Crypto To Buy Now:
ApeMax – A groundbreaking crypto coin that introduces pioneering Boost-to-Earn staking tokenomics. The ApeMax presale is now open for a limited time.
Ethereum – A platform created by Vitalik Buterin and operating in a decentralized manner, providing the necessary infrastructure for smart contracts and decentralized applications.
Bitcoin – A pioneering and widely adopted cryptocurrency, at the forefront of driving the digital revolution. Bitcoin is the original cryptocurrency created by Satoshi Nakamoto.
Cardano – Cardano (ADA) is a cryptocurrency that operates on the Cardano blockchain platform. It aims to provide a secure and scalable infrastructure for the development of decentralized applications and the execution of smart contracts.
Polkadot – A cutting-edge blockchain network that emphasizes connectivity and scalability, enabling efficient and frictionless interactions between diverse blockchain platforms.
Arbitrum – Arbitrum is a layer 2 scaling solution for Ethereum that aims to improve transaction throughput and reduce fees on the Ethereum network.
Solana – A top new crypto used for various purposes within the Solana ecosystem, including paying for transaction fees, participating in governance decisions, and incentivizing network validators, and with a market cap above $6 billion based on CoinGecko data.
BNB – BNB coin, also known as Binance Coin, is the native cryptocurrency of the Binance exchange. It serves as a utility token within the Binance ecosystem, providing various benefits such as discounted trading fees, participation in token sales, and access to other services on the platform.
Uniswap – Uniswap (UNI) is the native token of the Uniswap decentralized exchange (DEX), which is built on the Ethereum blockchain. UNI token holders have various benefits.
Chainlink – A transformative blockchain bridge that harmonizes smart contracts with real-world data sources, unlocking new possibilities for decentralized applications.
How to buy crypto now?
To buy cryptocurrency, you first need to choose a reputable cryptocurrency exchange or trading platform. Next, create an account, complete the required verification process, and link a payment method, such as a bank account or credit card. Finally, select the cryptocurrency you want to buy, enter the desired amount, review the transaction details, and confirm the purchase. You can also purchase new crypto tokens via crypto presales. One such top new crypto presales is ApeMax, a revolutionary new token that introduces boost-to-earn staking.What are the characteristics of the best cryptocurrencies?
The characteristics of the best cryptocurrencies can vary depending on individual perspectives and preferences. However, some common characteristics often associated with the best cryptocurrencies include: Security, decentralization, scalability, utility and use cases, adoption and liquidity, technology and innovation, community and development.
It’s essential to note that the cryptocurrency market is dynamic, and the perception of what constitutes the “best” cryptocurrencies can evolve over time as new technologies emerge and market dynamics change. Moreover, cryptocurrencies involve a level of risk and volatility, and this needs to be factored in before making any crypto related purchases.Best Crypto To Buy Now – Conclusion
This ultimate guide presents a definitive list of the best crypto to buy now, shedding light on several highly promising and new contenders in the field. The significant growth of the cryptocurrency market has been driven by innovative coins that consistently stayed ahead. Initially, groundbreaking cryptocurrencies like Bitcoin generated excitement, while later, utility-focused stars like Ethereum became the focal point. The increasing popularity of new coins, tokens such as ApeMax, Polkadot, and Chainlin could be worth exploring.
In the present environment, purchasers are actively pursuing novel coins and tokens that defy conventional norms and with potential to revolutionize the cryptocurrency space through captivating tokenomics and a distinctive value proposition.
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