Some popular crypto projects and their functionality

The Crypto market has become an unstoppable bull. A lot of people new to crypto only have heard the name Bitcoin. I know that Bitcoin is the largest digital asset in the crypto market but it isn’t the only one. We are going to discuss some popular crypto assets.

Ethereum:  

Ethereum is the second-largest crypto asset based on market capitalization. The native token of the Ethereum blockchain is ether (ETH). Ethereum is a technology that’s home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It’s open to everyone, wherever you are in the world – all you need is the internet.

ATOM:

ATOM is the native token of the Cosmos blockchain. In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.

LUNA:

LUNA is the native token of Terra blockchain which is currently holding 9th position in the whole crypto market. Terra blockchain uses fiat-pegged stablecoins to power a price-stable global payments system. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.

FTM:

The native token of the Fantom is a directed acyclic graph. The firm is using its own bespoke consensus algorithm to provide the Decentralized Finance (DeFi) services to the developers. The firm is determined to offer a solution to the problems related to smart contracts.

MATIC:

The polygon blockchain protocol is behind this project. For Ethereum scaling and infrastructure development, MATIC is the first well-structured and easy-to-use platform. Polygon Software Development Kit (SDK) is the core component of the blockchain which enables it to build multiple types of applications.

DOT:

A project of Polkadot blockchain protocol that connects and secures a network of specialized blockchains. Through this secure network, Polygon enables the cross-chain transfer of any token or asset. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.

SOL:

This project of Solana blockchain aims to provide solutions related to decentralized finance (DeFi). Solana also supports the creation of decentralized apps (DApp). It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.

AVAX:

AVAX is the native token of the Avalanche blockchain is provides the fastest smart contracts in the blockchain industry. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.