![]() The goal of Stellar is to create cheaper, faster cross-border transactions between financial institutions. Stellar's native token is known as Lumen (XLM). ![]() ![]() Stellar is an open-source Blockchain developed in 2014 by Jed McCaleb, who was co-founder of Ripple Labs as well as CEO of Aerospace startup Vast. Its native token SOL was designed to serve the purpose of utility, powering the network and its functionalities, currently, it ranks number 9 in the crypto market and is valued at $18.68. Its Blockchain is designed to provide support for decentralized applications as well as smart contracts. Solana utilizes a hybrid consensus algorithm using proof of stake and proof of history. It aims to serve as an alternative to BTC by being more energy conservative than Bitcoin and is also termed the Ethereum killer, proving to be a formidable opponent to the network by proposing a means to be more developer friendly through its high-end security, scalability, and low transaction costs. It serves as a medium of payment for transaction fees on the exchange and is also instrumental in the functioning of several sub-projects on the Binance ecosystem.Ĭardano is a decentralized Blockchain that uses the proof of stake (POS) consensus algorithm. It is also famous for its decentralized finance (DeFi) applications, as so many successful projects in the industry are housed in its ecosystem.īinance Coin is the native token of one of the largest cryptocurrency exchanges in the world known as Binance exchange. ![]() Its value has been increasing recently and experts suggest that it will continue to grow in years to come.Īfter Bitcoin, ETH comes next in line as the second-largest cryptocurrency based on market capitalization. It has been around for over a decade and is widely accepted as a form of payment by merchants globally. The most popular cryptocurrency in the world is BTC. ![]()
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