Table of Contents
1. Bitcoin
Marketcap $1.22T
Circulation supply is 19,639,312 BTC
Maximum supply is 21,000,000 BTC
Follow
Official Bitcoin Company Links
2. Ethereum
Ethereum
is a decentralized, open-source blockchain network for building decentralized
applications(DAPPs).
It
was created by Vitalic Buterin
This
entrepreneur thinks blockchain is a computational platform in which
decentralized applications can be built, giving blockchain more value.
The
core features of Ethereum are the smart contract and Ether.
Ethereum’s
token symbol is ETH
Ethereum
is minable
It
uses proof-of-work consensus mechanism(POW)
MarketCap
$411.48B
Total supply 120,142,084 ETH
Circulation supply 120,142,084 ETH
Follow Official Ethereum Company Links
3. Cardano
Cardano is a blockchain and ADA is the native
token of the Cardano blockchain. It was launched in 2017 by an American entrepreneur Charles Hoskinson as a co-founder and was a co-founder of the Ethereum
blockchain platform as well.
Marketcap $27bilions
The total supply is 36,671,429,496 ADA
Maximum Supply is 45,000,000,000 ADA
Circulation Supply is 35,473,268,948 ADA
The goal of Cardano is to become the Internet of blockchains.
Bitcoin is called crypto 1.0, Ethereum is called crypto 2. o and now is Cardano which names itself crypto 3.0 based on the
new features and functionality it promises to offer which are not provided by
Ethereum and Bitcoin.
Hoskinson aims to make Cardano a more scalable,
interoperable, stable, usable, secure, fast, and sustainable blockchain platform.
This is what makes this blockchain project more valuable. It will give a high
return from investment in the future due to the problems it addresses which are
not addressed by other blockchains.
It is also called an Ethereum killer
blockchain system
All the ongoing projects of Cardano are
developed by the IOHK research institute.
Follow the Official Ripple company links
4. Solana
This is an open-source permissionless
blockchain technology that provides decentralized finance(DeFi) solutions.
Solana’s native cryptocurrency is SOL
Marketcap $59.7bilions
Circulation supply is 442,321,529 SOL
Total Supply is 570,542,266 SOL
Solana was officially launched in 2020
Solana is a third-generation blockchain that
supports DeFi solutions and the development of decentralized applications (DAPPS) and smart contracts.
Solana uses hybrid consensus algorithms which
are proof-of-stake(PoS) and proof-of-history(PoH). The combination of these two
consensus allows blockchain to process 50,000 transactions per second, this
makes Solana blockchain more scalable when compared to another blockchain like Ethereum.
Proof-of-history(PoH) consensus algorithm uses
cryptography to
establish a trustless source
of time for the system while maintaining the network’s degree of
decentralization.
This cryptocurrency is highly recommended to
invest based on the problems it solves.
The scalability problem is one of the
problems that faces many blockchains, but in Solana, it seems to be solved by
Transactional throughput (TPS), as Solana processes 50,000 TPS. Also, the time it
takes for the transaction to be processed is minimal for Solana, it does not
consume computational power when compared to another blockchain like Ethereum.
Follow Official Solana company links
5. Polkadot
Is
a permissionless blockchain launched by Dr. Gavin Wood.
Released
on May 26th 2020
It
brings more scalability
It
Connects different blockchains into a single network
The native token of polkadot is DOT
Marketcap $1,048,626,150
The total supply is 1,418,249,990 DOT
Polkadot
uses shards or Parachains, which can process many transactions in parallel.
This allows many transactions to be processed per second hence solving the scalability problem.
Polkadot’s
protocol does not undergo a fork to make updates or add new features to the
network.
Polkadot
enables developers to build their own blockchains using their own set of rules
It
allows multiple blockchains to communicate with each other
Has a primary blockchain called a relay chain
The
relay chain acts as a governance layer of the network
It
provides interconnectivity and interoperability between blockchains
It
allows interoperability between blockchains
It
facilitates the cross-chain transfer of data between different blockchain
It
is an open-source multichain protocol that helps to connect different types of blockchains together thereby allowing sharing or transfer of data, assets, or tokens between each other.
Polkadot
aims to open the door for the decentralized internet known as Web3.
Polkadot
is known as layer-0 metaprotocol.
Polkadot
provides a foundation to support a decentralized web, controlled by its users,
and to simplify the creation of new applications.
The Polkadot protocol can connect public and private chains, permissionless networks,
oracles, and future technologies, allowing these independent blockchains to share information and transactions through the Polkadot Relay
Chain.
Polkadot’s
native DOT token has three purposes
- Staking for operations and security
- Facilitating network governance,
- Bonding tokens to connect parachains.
Follow
Official Polkadot company links
6. Avalance
Market cap 14.8 billion.
Circulation supply 377,207,089 AVAX.
Total supply 435,896,729 AVAX
Maximum Supply 720,000,000 AVAX.
Avalanche is a cryptocurrency and blockchain platform
for custom blockchains and decentralized applications(DAPPs).
It has a higher transaction output of almost
6,500 transactions per second which makes it a more scalable and
high-speed transaction processing blockchain platform.
It is called Ethereum rival because it addresses
problems that face Ethereum such as scalability problems, gas fees, low speed, and computational problems.
The native token of the avalanche blockchain is
AVAX.
Avalanche blockchain allows others to create
decentralized applications on top of it.
It was launched in 2020
The avalanche network consists of three
individual blockchains with each having its own purpose
- The x-chain
- C-chain
- P-chain
What makes
avalanches unique?
The uniqueness of an avalanche blockchain is determined by
the problems it solves. Avalanche has solved and is continuing to solve the interoperability problem by adopting three layers of blockchain networks
- The Exchange chain(X-chain) Is used to send and receive funds on the avalanche network. The native token of avalanche (AVAX) is exchanged on this chain
- The Contract chain(C-chain) has smart contracts and allows decentralized applications to be built. Has an avalanche virtual machine similar to the Ethereum virtual machine that allows developers to fork EVM-compatible DAPPS. It uses the Snowman consensus mechanism
- The platform chain(P-chain). AVAX is staked in this chain to ensure validation activities are done. This chain coordinates network validators and enables the creation of new subnets. Subnets are a set of validators on the network.
Uses of AVAX on avalanche blockchain.
- Used to secure avalanche network
- Used to pay
transaction fees
- Used by other blockchain networks built on avalanche network
Pros
- Reward structure incentivizes participation
- Has fast transaction processing times
- Compatible with many blockchain projects
- It is cost-effective
- It is more
scalable
Cons
- Higher competition
- Validators on the avalanche network must take 2,000 AVAX tokens
- Integrity violation due to lack of penalties for malicious validators
Follow the Official Avalanche company links
7. TRON
Tron is a decentralized blockchain-based
operating system
Launched in 2017.
Founded by Justin Sun.
The native token of the TRON blockchain is TRX.
Initially, TRX tokens were ERC-20 deployed on
Ethereum and later they developed their own blockchain platform and moved TRON
from Ethereum to their own network.
Marketcap 12
6bilions.
Total supply 87,987,633,229TRX.
Circulation supply 87,987,600,031 TRX.
TRON uses a consensus mechanism called
delegated proof-of-stake.
The main goal of Tron is to help content
creators get rewards for their jobs directly from content consumers without involving
any central authorities or third-party applications.
Tron allows you to build decentralized applications (DAPPS) and deploy them on the Tron blockchain network.
Tron was built to serve as a decentralized
internet that allows anyone to join create decentralized applications and access various
services within the Tron network.
Since Tron is an open source, it allows anyone
to create a decentralized application, offer content, and get rewarded TRX as compensation for the job they have done.
What Makes
TRON Unique?
TRON allows content creators to connect
directly with their audience without being interfered with by any middleman.
Follow Official TRON company links
8. Chain Link LNK
Chain link is a decentralized blockchain
oracle network that allows smart contracts to interact securely with external data
outside of blockchain networks.
Chainlink was founded in 2017.
Marketcap 11.8bilions
Total supply 1,000,000,000 LNK
Maximum supply 1,000,000,000 LNK
Circulation supply 587,099,970 LNK
The problem with many blockchains is difficult
to collaborate and share some data. chainlink solves this problem
by ensuring cross-chain capability, with chain link you can create a smart contract that moves data to and from the Chainlink blockchain.
Chainlink seems to be very useful and valuable
because it enhances smart contracts' capabilities to access data in and off-chain
and outside the blockchain without affecting blockchain network security.
Who are the
founders of Chainlink?
Sergey
Nazarov is a co-founder of Chainlink.
In 2014, he also co-founded CryptaMail, which
is a completely decentralized blockchain-based email service. In 2014, Nazarov
and Steve Ellis made partnerships and launched SmartContract, a platform that brings smart
contracts to life by connecting them to external data and widely accepted bank
payments.
What Makes
Chainlink Unique?
Chainlink allows the integration of off-chain data
into smart contracts. This is one of the best unique features that Chainlink
has among other blockchains.
How and
where to buy LNK cryptocurrency?
- Go to Binance
- Register an account
- Verify KYC
To
verify your KYC, you need to fill in all your personal information and upload
documents. The required documents are a National Identification ID or Travel
Passport or Driving license or Voter’s ID. You also need to take a facial
picture and upload it. After that, you submit the request and wait for it to be
verified and approved. Once you get approved, you can begin accessing all Binance
crypto services such as buying, selling, transferring, spending, and investing.
If you want to increase your accessibility, you will have to verify your
address by uploading either a utility bill bank statement, or any other
required documents as per Binance's recommendation.
- After verifying your KYC you can now start buying, selling, and transferring chainlink as much as you can without any restriction. You can buy Chainlink with a credit card or you can buy on a peer-to-peer market with zero commissions.
What is
Chain Link Staking?
Staking is the process of locking your
chainlink token to earn a reward based on the time you stake
and the amount you stake on the network. Staking provides security to the chainlink
network
Why Stake
Link?
- Secure the ChainLink network
Staking
helps improve the cryptoeconomic security of Oracle networks.
- Earn rewards
When you stake, you earn rewards as compensation for ensuring the network is secure.
- Support the truth machine
Staking
enables community members to play a key role in the Chainlink Network and
support a world powered by cryptographic truth.
Follow Official Chainlink company links
Smart contract
9. POLYGON
Polygon is an Ethereum scaling network
launched in 2017.
It was co-founded by Jayanti Kanani, Sandeep
Nailwal, Anurag Arjun, and Mihailo Bjelic
The native token of the polygon is MATIC.
The consensus mechanism used by the polygon is
proof-of-stake.
Polygon is aiming to make its network more
interoperable decentralized layer two blockchain platform that will allow other
blockchains to connect and share data.
Marketcap = 10 billion
Total supply 1,000,000,000 MATIC
Maximum supply 1,000,000,000 MATIC
Circulation supply 9,899,153,817 MATIC
Polygon runs on the Ethereum blockchain and
connects Ethereum-based projects.
With polygon, platforms can increase scalability
and flexibility while benefiting from high security on the Ethereum blockchain.
Ethereum is very secure but has suffered from a scalability problem which is
now solved by the polygon layer.
MATIC as a native token of the polygon, it is used
to secure the polygon network and pay transaction fees within the polygon network.
Polygon network comes to solve high transaction
fees and slow transaction processing speeds facing Ethereum.
Follow Official TRON company links
10. Ripple
Ripple is an open-source permissionless and
decentralized blockchain-based digital payment network.
The native token of Ripple is XRP
XRP serves as a bridge currency to offer
financial institutions a more cost-effective way to exchange both crypto and
fiat currencies.
Marketcap $32,345,605,256
billion
Total supply 99,987,873,963 XRP
Maximum supply 100,000,000,000 XRP
Circulation supply 54,594,247,369 XRP
Advantages of Ripple
- The low cost which seems to be $0.0002
- Higher transaction speed (3-5 seconds)
- Scalability: Process 1,500 transactions per second
How to mine
Ripple?
Ripple has a
governance protocol that does not require either a proof-of-work (PoW) or proof-of-stake
(PoS) consensus mechanism. Instead, it uses the RPCA system without relying on
mining to validate transactions like other cryptocurrencies.
The Ripple
protocol verifies transactions and maintains the integrity of the network
through a system of trusted validators.
If users want to obtain XRP through mining,
they must mine other cryptocurrencies like BTC or Ether first, then swap
the mined coin for XRP through an exchange.
What is the difference between XRP and
Bitcoin?
The
difference between Ripple and Bitcoin lies in their governance models. Anyone
can participate in the Bitcoin network by providing computing power, validating
transactions, and securing its network by running a node While in Ripple, only a
list of high-profile validators provides transaction verification and
confirmation in the network. This is a reason why many people believe XRP is
not decentralized like other cryptocurrencies, such as Bitcoin.
Bitcoin is called
decentralized due to its network of distributed ledgers and available nodes to
anyone who wants to participate in blockchain operations. XRP on the other
hand, is centralized to facilitate quicker transaction processing, which is
possible because it doesn’t want to rely on a proof-of-work consensus mechanism.
Bitcoin’s total
supply is fixed at 21 million BTC, while XRP’s maximum supply is 100 billion
pre-mined coins, and the founders can increase it if they wish. Bitcoin did not
have a premise stage — when Satoshi Nakamoto started mining, anyone else could.
How and Where to Buy XRP Cryptocurrency?
- Go to Binance
- Register an account
- Verify KYC.
To verify your KYC, you need to fill in all your
personal information and upload documents. The required documents are a National
Identification ID or Travel Passport or Driving license or Voter’s ID. You also
need to take a facial picture and upload it. After that, you submit the request
and wait for it to be verified and approved. Once you get approved, you can
begin accessing all Binance crypto services such as buying, selling,
transferring, spending, and investing. If you want to increase your
accessibility, you will have to verify your address by uploading either a utility
bill bank statement, or any other required documents as per Binance's
recommendation.
- After verifying your KYC you can now start buying, selling, and transferring XRP as much as you can without any restriction. You can buy Chainlink with a credit card or you can buy on a peer-to-peer market with zero commissions.
NB: SEC stopped U.S. cryptocurrency
exchanges from listing XRP in their offerings due to some investigation being done
until is over.
Is XRP a good investment?
XRP is worth to invest for those who prioritize
centralization more than decentralization. Ripple is not available for anyone
to participate like the way Bitcoin is, only selected nodes can participate to
run the network.
But keep in mind that, making the decision of
whether to invest or not, depends on your risk tolerance. Many cryptocurrencies
are highly volatile, and prices fluctuate every second, if you don’t analyze well
your risk tolerance, you can end up losing all your money.
I have
just given you enough knowledge and information that will take your investment
decision to the next level, it took me 5 years of experience to learn and
understand well about these blockchain projects until I came to say they are
worth to invest.
Investing needs patience, for those who have the desire to buy now while the price is low and sell in the future will benefit.
Follow the Official Ripple company links
How can you
know if a cryptocurrency is good for investing?
- What problems is it trying to solve?
A worthwhile
crypto project must solve real-world problems. Major problems that face blockchain
platforms such as Ethereum and Bitcoin Are Scalability problems, Transaction
processing speed problems, Transaction processing output, Interoperability
problems, Security problems, and cross-platform compatibility. These are common
major problems that face blockchains.
If a crypto
project is not solving those problems to the extent that brings value to users,
then such a project is not valuable and I don’t consider it as good for
investing, although you can speculate by trading daily but be
careful and trade for your own risk because cryptocurrencies are higher
volatile.
There are
many cryptocurrencies out there, but most of them are just there with no value,
when you dive into it and start to trade and invest be careful because you
will end up losing your money. Do intensive research by reading the company’s
vision and mission, looking at their whitepaper, looking at their partner, and looking at
their founders to see if they have knowledge, skills experience in the
industry.
All
successful companies and entrepreneurs solve problems that face societies in
different sectors of the economy, social and political.
Don’t forget, if a cryptocurrency is not solving any real-world problem, then such a crypto project is not good for investing, and if you
invest there is a higher chance that you will not succeed.
0 Comments