With the market continuing to be a rollercoaster ride of stress, seeing projects that maintain their core values, and access at this stage of the market really goes a long way to show that the future of crypto and blockchain remains a bright industry. Ignore naysayers that forecast doom and gloom, the fact is blockchain technology has arrived and has quickly developed in the last few years regardless of how over or undersold the exchange market is. One of the main projects I monitor is a perfect example of that fact.

Covalent a blockchain based security network is designed to take on the likes of major protocols we use every day like HTTPS. Most people a few years ago would have thought the concept of creating a better more secure and more controlled avenue for our data was a pie in the sky idea. But with the advent of cryptocurrency and blockchain technology and the entire idea of distributed immutable databases controlled by smart contracts that is no longer the case. Covalent with a plan to do just that couldn’t have come at a better time, with yet another announcement from yet ANOTHER internet company leaking or sharing customer data without permission, as well as more and more hacks due to negligence of third parties it’s a fact that our data isn’t safe in the hands of random third-party groups with unfettered access to our most sensitive of data.

Apparently, I was right to think this project was going to be a home run for the team and for early investors, as all signs seem to be pointing toward a long, expansive future for the group. The last few weeks have been a solid continuous set of great wins for the team that keep pushing the platform forward at a great pace.

The team won their position on the Huobi exchange ahead of others by FAR.

The team got their first COVA/USDT pair on the new BitMax exchange making it a powerhouse option for traders.

The team open sourced the entire project and committed to releasing the source code and instilling active and open development.

The launch of the Cova-Nyx testnet saw processing power of 500k TPS on the 192 node testnet deployment putting it at the head of the pack in concern to scaling.

They also announced the huge news that they have partnered with 15 Asian partners in the e-commerce industry to reach over 40 million customers and $25 billion in annual transaction volume.

At this point, it seems almost daily the team has great news for the followers and investors as they continue to work on both the technical and business side of reinventing the internet security people worldwide have come to rely on. My hope is that Covalent and projects in the future like it will stand to be the bedrock for what we can truly consider a secure Web 3.0 that takes our data and puts it back in our hands and keeps it there where we can be responsible for our own information. Taking back that control from third party industries that have for too long taken our data and played fast and loose with it even at the government levels.

COVA’s Official Telegram Group: https://t.me/covalentofficial

COVA’s twitter: https://twitter.com/@covatoken

COVA’s Medium: https://medium.com/@covatoken

Learn more about COVA on our website: https://covalent.ai

COVA’s white paper: https://github.com/covalent-hq/wiki/wiki