Major currencies of digital currency
The main digital currencies include: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Dogecoin (DOGE), Cardano (ADA), Ripple (XRP) ), Solana (SOL), Polkadot (DOT), Terra (LUNA), Avalanche (AVAX). These currencies have their own unique characteristics and application areas, covering value storage, smart contracts, exchange services, community interaction, cross-border payments, high-performance transactions, interoperability and algorithmic stablecoins, etc.
Main digital currencies
Bitcoin (BTC)
- First Cryptocurrency, created by Satoshi Nakamoto in 2009
- The largest market capitalization, has the widest recognition and use
- As digital gold and is often considered a store of value
Ethereum(ETH)
- A decentralized platform founded in 2015 by Vitalik Buterin
- The Ethereum blockchain is used to create smart Contracts, DApps, and Non-Fungible Tokens (NFTs)
Binance Coin (BNB)
- Binance Trading The issued exchange token
- can be used to pay trading fees, earn interest, and participate in the Binance ecosystem
Dogecoin (DOGE)
- Founded in 2013 as a joke by Jackson Palmer and Billy Markus
- Community driven, known for its friendly mascot and active online community
Cardano (ADA)
- Founded in 2015 by Charles Hoskinson, focusing on security, scalability and sustainability
- Adoption PoS consensus mechanism, using multi-layer architecture for high-speed transaction processing
Ripple (XRP)
- was founded by Ripple Labs in 2012 with the purpose of In providing cross-border payment solutions for financial institutions
- Fast transaction speeds and low fees, it is widely used by banks and payment providers
Solana (SOL)
- High-performance blockchain platform founded by Anatoly Yakovenko in 2017
- Known for its ultra-fast transaction processing speeds and low transaction fees
Polkadot (DOT)
- An interoperability platform founded by Gavin Wood in 2016
- Allows different blockchains to connect and communication, creating cross-chain applications
Terra (LUNA)
- An algorithmic stablecoin platform founded by Do Kwon in 2018
- Adopts an algorithmic mechanism to stabilize the price of the LUNA token, pegged to the U.S. dollar
Avalanche (AVAX)
- By Emin Gün Sirer A high-throughput blockchain platform founded in 2020
- uses the PoS consensus mechanism to provide low-cost and fast transaction processing
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