IOTA

Man Jailed After Stealing $2.5M of IOTA from Over 100 Investors

A Deep Dive Into IOTA 

Best and Worst of ICO Gold Rush: How Technology Created a Market and Greed Doomed It

Practical Applications for the Internet of Things

## IOTA (MIOTA) کیا ہے؟

IOTA ایک اہم فرق کے ساتھ ایک تقسیم شدہ لیجر ہے: یہ درحقیقت ایک بلاک چین نہیں ہے۔ اس کے بجائے، اس کی ملکیتی ٹیکنالوجی Tangle کے نام سے جانی جاتی ہے، یہ نوڈز کا ایک سسٹم ہے جو ٹرانزیکشنز کی تصدیق کرتا ہے۔ اس پلیٹ فارم کے پسِ منظر میں موجود تنظیم کا کہنا ہے کہ روایتی بلاک چینز کے مقابلے میں تیز تر رفتار کی پیشکش کرتی ہے — اور ہمیشہ سے توسیع پذیر Internet of Things کے ایکو سسٹمز کے لیے ایک بہترین راستہ ہے۔

چونکہ اس میں کوئی بلاک چین نہیں ہے، اس لیے کوئی مائنرز نہیں ہیں، اور چونکہ کوئی مائنرز نہیں ہیں، اس لیے کوئی فیس بھی نہیں لی جاتی۔ جب بھیڑ بہت زیادہ ہو جاتی ہے تو بہت سے مستحکم نیٹ ورکس کو بھی بے پناہ اخراجات کا سامنا کرنا پڑتا ہے، لیکن IOTA نے عزم کر رکھا ہے کہ کم سے کم خرچ پر لامحدود تھروپٹ فراہم کی جائے گی۔

وقت کے ساتھ، IOTA کا اصل مقصد ایک ایسا پلیٹ فارم بننا ہے جسے IoT ڈیوائسز کے مابین ٹرانزیکشنز انجام دینے کے لیے استعمال کیا جائے گا۔ اگر اندازوں کی تجویز کے مطابق 2024 تک 20.4 بلین ایسے ڈیوائسز موجود ہو سکتی ہیں، تو یہ ایک بڑے کاروبار کے طور پر ابھر کر سامنے آ سکتا ہے۔

IOTA کے پیچھے ٹیم کا خیال ہے کہ استعمال کی ممکنہ صورتیں یہیں پر ختم نہیں ہو جاتیں۔ ان کا ماننا ہے کہ ان کا تقسیم شدہ لیجر تمام لوگوں کو ڈیجیٹل شناخت فراہم کر سکتا ہے، ایسی کار انشورنس پالیسیوں کا سبب بن سکتا ہے جو حقیقی استعمال پر مبنی ہیں، جدید ترین اسمارٹ شہروں کی راہ ہموار کر سکتا ہے، ہموار عالمی ٹریڈ فراہم کر سکتا ہے اور پراڈکٹس کی اصلیت کو ثابت کر سکتا ہیں۔

درحقیقت Jinn کے نام سے موسوم، اس پراجیکٹ کی کراؤڈ سیل ستمبر 2014 میں انعقاد پذیر ہوئی، اور نیٹ ورک کا باضابطہ آغاز 2016 میں ہوا۔

### IOTA کے بانیان کون ہیں؟

IOTA کے [چار شریک بانی](https://blog.coinmarketcap.com/2020/07/03/iota-cofounders-on-how-past-mistakes-have-shaped-them-today/) ہیں، اور ان کے نام یہ ہیں Sergey Ivancheglo، Serguei Popov، David Sønstebø اور Dominik Schiener۔

IOTA فاؤنڈیشن کے مطابق، اس کے بعد سے اس اقدام میں تیزی سے اضافہ ہوا ہے — اور ٹیم کے ممبرز اب 25 سے زیادہ ممالک میں مقیم ہیں۔

Sonstebo اور Schiener مشترکہ طور پر بورڈ آف ڈائریکٹرز کے شریک چیئرمین ہیں، جبکہ Popov ایک بورڈ ممبر اور فاؤنڈیشن کے شعبہ تحقیق کے ڈائریکٹر ہیں۔

Ivancheglo جون 2019 میں برلن میں قائم پراجیکٹ سے مستعفی ہو گئے تھے لیکن وہ ایک بے ضابطہ مشیر کی حیثیت سے بدستور کام کر رہے ہیں۔ اس وقت، ایک بیان میں ان کا کہنا تھا: "اگر 2014 اور 2015 میں کیے گئے ارادوں کی بات کی جائے تو میں اب مزید اس چیز میں یقین نہیں رکھتا کہ IOTA میرے لیے ایک بہترین سیٹنگ ہے۔ میں نے ہمیشہ لچک پذیر ماحول میں اپنا بہترین کام کیا ہے۔ میں IOTA کے ہارڈ ویئر اور سافٹ ویئر کی ڈویلپمنٹ دونوں پر اپنا آزادانہ کام جاری رکھوں گا۔"

### کیا چیز IOTA کو منفرد بناتی ہے؟

جی، تو جیسے ہم کچھ دیر قبل نشاندہی کر چکے ہیں، کہ ایسا سمجھنا ذرا عجیب ہو گا اگر اس کو بلاک چین سے ماوراء موثر بلاک چین کہا جائے۔

ٹینگل کا زیادہ تکنیکی نام ڈائریکٹڈ ایسائیکلک گراف ہے — اور جیسے کہ Sønstebø نے 2015 میں ایک بلاگ پوسٹ میں وضاحت کی تھی، اس ٹیکنالوجی نے بلاک چین کی محفوظ ٹرانزیکشنز کی صلاحیت کو برقرار رکھنے کا عزم ظاہر کیا ہے۔ فرق صرف یہ ہے کہ اس میں بلاکس کا تصور موجود نہیں۔

انہوں نے یہ بھی لکھا: "IOTA کو موجودہ کرپٹو کرنسیز جیسے کہ Bitcoin کا متبادل کوائن (altcoin) نہیں سمجھا جانا چاہئے، بلکہ یہ بلاک چین کے ترقی پذیر ایکو سسٹم کی ایک توسیع ہے۔ اس کا مقصد ان دوسرے پلیٹ فارمز کے ساتھ مطابقت پذیر انداز میں میں کام کرنا ہے تاکہ باہمی ربط اور مشترکہ مفاد پر مبنی تعلقات قائم ہو سکیں۔ IOTA کو ایک ایسا حل فراہم کرنے کے لیے ڈیزائن کیا گیا ہے جو کوئی دوسری کرپٹو پیش نہیں کرتی: بغیر فیس کے موثر، محفوظ، آسان، حقیقی وقت پر مبنی مائیکرو ٹرانزیکشنز۔"

نئی ٹرانزیکشنز کی توثیق کسی دوسری نوڈ سے دو سابقہ ٹرانزیکشنز کو منظور کرتے ہوئے انجام دی جاتی ہے — اور یہ ایک نئی اپروچ ہے کیونکہ اس کا مطلب یہ ہے کہ نیٹ ورک کے سائز اور رفتار کا براہ راست تعلق اس چیز سے ہو گا کہ کتنے زیادہ لوگ پلیٹ فارم کو استعمال کر رہے ہیں۔

اور اگرچہ بعض کرپٹو کرنسیز ایک کاروبار کی حیثیت سے کام کر رہی ہیں، تاہم IOTA فاؤنڈیشن نے یہ بات واضح کی ہے کہ یہ منافع کے لیے نہیں ہے — مزید یہ بھی کہ ان کا بنیادی مقصد نیٹ ورک کو ممکن حد تک خوشحال بنانا ہے۔

حتمی طور پر، IOTA نے کار ساز کمپنی Volkswagen کے ساتھ اعلیٰ سطحی شراکت داری قائم کرتے ہوئے، اور تائی پے شہر کے اسمارٹ پراجیکٹس کی ترقی میں مدد کرتے ہوئے، اپنے دیگر کرپٹو حریفوں کے مقابلے میں نمایاں مقام حاصل کر لیا ہے۔

#### متعلقہ صفحات:

[کرپٹو کی تازہ ترین ٹیکنالوجی کے حوالے سے ہماری تفصیلی معلومات کا مطالعہ کریں](https://coinmarketcap.com/alexandria/categories/tech-deep-dives)

[کرپٹو کی مارکیٹ کیپ اور ٹریڈنگ کے حجم کا تازہ ترین ڈیٹا](https://www.coinmarketcap.com/ur/charts/)

[کرپٹو اور بلاک چین انڈسٹری میں آج کی مقبول ترین خبریں](https://coinmarketcap.com/headlines/news/)

[CoinMarketCap کا بلاگ: تجزیے، آراء، خبریں اور اپ ڈیٹس](https://blog.coinmarketcap.com/)

### فی الوقت کُل کتنے IOTA (MIOTA) کوائنز گردش میں ہیں؟

MIOTA کی زیادہ سے زیادہ سپلائی 2,779,530,283 ٹوکنز ہے — اور یہ سب گردش میں ہیں۔

جب کراؤڈ سیل منعقد ہوئی تو، اس ڈیجیٹل اثاثے کو ایک ایسے سہولتی ٹوکن کے طور پر پیش کیا گیا تھا جو کہ منافع جاتی اشتراک کے کوائن کے بجائے، اس کے نیٹ ورک پر محض ادائیگی کے لیے استعمال کیا جا سکتا ہے۔

2015 کی کراؤڈ سیل کے دوران ناقابل یقین حد تک درست 999,999,999 فروخت ہوئے، اور اس سے فاؤنڈیشن نے 1,337 BTC کی آمدنی حاصل کی۔ یہ بات مدِنظر رکھتے ہوئے کہ اس وقت Bitcoin کی مالیت محض $325 تھی، یہ چیز بعد والے سالوں میں خاطر خواہ حد تک نقصان دہ ثابت ہو سکتی تھی۔

یہ بات قابل غور ہے کہ بعد کے سالوں میں MIOTA کی سپلائی میں اضافہ ہوا، ٹیم کا یہ کہنا تھا کہ زیادہ سپلائی اس ٹوکن کو "چھوٹی نینو ٹرانزیکشنز" کے لیے موزوں بنا دے گی، جسے ہم ممکنہ طور پر IoT ڈیوائسز کے ذریعے دیکھیں گے۔

اکتوبر 2017 میں IOTA فاؤنڈیشن کا آغاز ہوا، اور اس وقت، اس کی ملکیت میں تقریباً 5% ٹوکنز تھے جو گردش میں ہیں، اور یہ کمیونٹی کی طرف سے عطیہ کیے گئے تھے۔ انہوں نے کہا کہ "ان فنڈز کی اکثریت ڈویلپرز اور محققین کی فوج بنانے میں صرف کی جائے گی۔"

### IOTA نیٹ ورک کو کس طرح سے محفوظ بنایا جاتا ہے؟

اس بات کو مدِںظر رکھتے ہوئے کہ IOTA کوئی بلاک چین نہیں ہے، ہو سکتا ہے آپ کو ایسا لگے کہ اسے کچھ خاص مفاہمتی میکانزم کی ضرورت نہیں۔ تاہم، نیٹ ورک کو محفوظ رکھنے میں مدد کے لیے، ٹرانزیکشن کی توثیق کے عمل میں نسبتاً آسان پروف-آف-ورک پزل شامل ہے۔

IOTA کو سکیورٹی کے ضمن میں کچھ خدشات کا سامنا بھی ہے۔ ماضی میں، محققین دعویٰ کر چکے ہیں کہ انہیں پراجیکٹ کے کوڈ میں کمزوریاں ملی ہیں۔

### آپ IOTA (MIOTA) کہاں سے خرید سکتے ہیں؟

MIOTA متعدد ایکسچینجز پر دستیاب ہے — جن میں Binance، Bitfinex، اور OKEx شامل ہیں۔ پراجیکٹ کے مطابق، اس ٹوکن پر مختلف قسم کے ٹریڈنگ کے جوڑے دستیاب ہیں، جو اسے Bitcoin، Ethereum، اسٹیبل کوائنز، اور جاپانی ین، یورو، پاؤنڈ اور ڈالر سمیت مختلف فیاٹ کرنسیز سے مربوط کرتے ہیں۔[فیاٹ آن ریمپس کے بارے میں یہاں مزید جانیں۔](https://coinmarketcap.com/how-to-buy-bitcoin/)

Ledger

Trezor

Trust Wallet

Math Wallet

Firefly

MetaMask

Binance Chain Wallet

Trinity

Stellar (XLM) is a peer-to-peer (P2P) decentralized network created in 2014 by The Stellar Development Foundation or Stellar.org. The network officially launched in 2015 with the purpose of connecting the world's financial systems and ensuring a protocol for payment providers and financial institutions. The platform is designed to move financial resources swiftly and reliably at minimal cost. Stellar links people, banks, payment processors and allows users to create, send and trade multiple types of crypto.

The basis of the network is its native digital currency - XLM or Lumens. XLM acts as an intermediate currency for operations and is also used to pay transaction fees. How it works: the protocol converts money in a few seconds, first into XLM, and then into the requested currency.

The Stellar payment protocol is based on distributed ledger technology -- an open-source development, community-owned and distributed by community. The crypto asset of the Stellar platform helps with cross-border transactions, overcoming the problems of high fees and slow procedures. XLM is more focused on assisting individuals transfer money than they are with institutions. Thus, Stellar offers access to financial systems, and people can send money at low cost and promptly around the world.

Moreover, Stellar serves as a decentralized exchange and marketplace, with a built-in order book that tracks ownership of Stellar assets. Platform users can manage buy/sell orders, as well as select and set their preferred assets in settlements. XLM is a built-in coin that helps reduce transaction fees.

The network maintains a high level of security.  XLM holders must have at least one token in order to remain active on the network. This nuance performs a global goal - the execution of network transactions efficiently and with minimal time costs. Plus, Lumens offers protection against flood attacks by making microtransactions too expensive for hackers with no chance of profit, which keeps Stellar Network safe from serious threats.

The target audience of Stellar is the inhabitants of developing countries, ordinary users who are provided access to the global economy through fast, simple and inexpensive transactions. Stellar Network makes extensive use of Lumens to produce live convection as well as to send cash in multiple currencies; currency is sent from one peer, and the recipient can receive the amount in another currency. This feature is beneficial when a transaction is made between currencies without widely traded pairs.

Support for multi-currency transactions is another competitive advantage of Stellar, and the ability for cross-currency transactions has only enhanced processes with foreign operations. Moreover, stable speed and low transaction costs are a privilege that users receive.

This functionality is powered by a development called Anchors (a bridge between different currencies and the network), which simplifies the exchange within the network and helps speed up the whole process.

In summary, the benefits of Stellar (XLM) include:

Stellar

Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.

The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $0.24 per token.

Algorand

VeChainThor (VET) is a versatile enterprise-grade L1 smart contract platform whose origins began in 2015. VeChain is known as a pioneer of real-world enterprise applications, and built a distributed platform powered by Internet of Things (IoT) technologies, NFC chips and blockchain to help various industries solve data-related challenges.

VeChain solves major blockchain adoption hurdles. The platform uses an intelligent two token model, VET and VTHO, separating the protocol's Store of Value and gas fee payment mechanisms, ensuring costs can be kept low and stable. Fee delegation allows smart contracts to pay gas fees on behalf of business users, and an advanced transaction model allows data to be packaged more efficiently while ensuring finality of data.

VeChain is focused on delivering a wave of incentive-based sustainability dApps through its new platform, VeBetterDAO, working closely with Boston Consulting Group to achieve adoption across enterprise and individual users, and helping  onboard the next billion users to Web3 over the coming decade.

From supply chains to sustainability, VeChain has continuously demonstrated its leading role as a driver of blockchain in business, and is dedicated to its role as a pioneer of driving real world adoption of blockchain technology.

VeChain

Hedera is the most used, sustainable, enterprise-grade public network for the decentralized economy that allows individuals and businesses to create powerful decentralized applications (DApps).

It is designed to be a fairer, more efficient system that eliminates some of the limitations that older blockchain-based platforms face — such as slow performance and instability.

It was funded through an initial coin offering (ICO) in August 2018 and first launched open access to its mainnet just over a year later in September 2019. As part of the ICO, investors were able to purchase the platform’s native utility token (HBAR) at the lowest possible pricing.

The HBAR token has a dual role within the Hedera public network.

First and foremost, HBAR the fuel that powers Hedera services, such as smart contracts, file storage and regular transactions. Second, it's used to help secure the network, since HBAR users can stake their tokens to assist with maintaining the integrity of the platform.

Hedera (HBAR) is the native cryptocurrency of Hedera Hashgraph, a platform that is positioned as an alternative to traditional blockchain technology and aims to excel in speed, efficiency and security.

Older blockchains tend to use a consensus mechanism like proof-of-work (PoW) to validate transactions, while younger blockchains opted for proof-of-stake (PoS). The Hedera Hashgraph system has a structure that was created from scratch particularly for the project. Hedera is based on a PoS model that is believed to increase the efficiency of transaction verification in the network, provide a high level of security, and protect the network from hacker attacks. Its ecosystem has the underlying hashgraph consensus algorithm and the global enterprise governing body.

Hedera Hashgraph is a distributed ledger technology (DLT). According to the project website, Hedera differs from other blockchains because it uses a new consensus algorithm called hashgraph. It intends to process and execute transactions faster, eliminate delays, and smooth out the TPS (transactions per second) indicator. Hashgraph is claimed to be an upgrade in transaction speed, cost, and scalability.

Core network services by Hedera:

Consensus Service (HCS). With HCS, clients send messages to the network to negotiate consensus timestamping and order. In this case, the state is stored offline, and users can define privacy and access control.

Hedera Token Service (HTS). Thanks to HTS, token creation and management are available to customers. It supports built-in tokenization.

The goal of Hedera’s hashgraph is to increase the speed of transactions. Moreover, the network is also focused on high-volume operations: micropayments, data integrity and tokenization.

Like the EVM, the Hedera network maintains a virtual machine that writes smart contracts in the Solidity programming language. On top of that, Hedera offers a set of built-in KYC and AML checks.

From a technical point of view, Hedera is a form of distributed ledger technology. It is a hashgraph, or consensus algorithm, where users agree on the order in which transactions should be performed. However, Hedera is not exactly a blockchain. It has its own distinctiveness and works differently. With hashgraph, all transaction branches are merged, no block equivalent is thrown away, and each is used to reach consensus.

One of the most noticeable features of the network is the Gossip-about-Gossip protocol. According to Dr. Leemon Baird, Hedera's inventor, within the system nodes randomly transmit data about themselves to other nodes via hashgraph using the Gossip protocol. Soon, all nodes in a cluster become familiar with each other. Then a certain data structure is formed. It consists of a payload of transactions, a timestamp, a digital signature, and hashes to the previous structures.

HBAR is Hedera's native token that powers applications on the Hedera network. HBAR is utilized to pay for network services, transaction fees, in-app payments and micropayments. Developers can pay network fees with HBAR tokens, namely: work with smart contracts, file storage and currency exchange. HBAR is used to incentivize and pay network nodes.

Hedera Hashgraph has a decentralized governance system that is set apart. All critical decisions about pricing policy, software updates, and wealth management are made by the Governing Council.

Hedera

The EOS Network is an open-source blockchain platform that prioritizes high performance, flexibility, security, and developer experience. As a third-generation blockchain platform powered by the EOS virtual machine, EOS has an extensible WebAssembly engine for deterministic execution of near fee-less transactions.

EOS is the market's most scalable, divisible, and programmable digital currency. EOS is a Delegated Proof of Stake (DPoS) network where stakeholders have the authority to select node operators. Due to the decentralized nature of the token distribution on EOS, power doesn't reside in the hands of block miners, but rather all parties involved in the EOS Network.

The EOS Network is attractive because of its technology and community. It allows developers to build projects that other blockchains cannot support. The network is straightforward and has multiple tools and educational resources to help users acclimate to the blockchain.

Tezos is a high-performing blockchain and open-source platform for assets and applications, with a strong focus on code security, on-chain governance, and decentralization. Tezos 2.0, the upcoming step in the evolution of Tezos, aims to improve scalability (via layer 2s), composability, and to implement support to mainstream programming languages (like Javascript, Typescript, Python, and many others).

Initially built with formal verification in mind, the Tezos protocol enables builders to avoid bugs when developing smart contracts, making it particularly suited to applications that require a high degree of security and certainty.

Tezos’ LPoS (Liquid Proof-of-Stake) consensus mechanism enables any stakeholder to take part, directly or by delegation, in the consensus process, and to be rewarded for securing the network. Rather uniquely, Tezos’ on-chain governance system also enables stakeholders to create and vote on protocol upgrade proposals. This pioneering system allows the protocol to self-amend and upgrade itself without leading to a split (or fork) in the blockchain, empowering the community without slowing down innovation.

First proposed in 2014 and launched in 2018, the Tezos Mainnet has a proven track record of running uninterrupted ever since, having earned a strong reputation for technical excellence and a supportive community.

Tezos

Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.

To learn more about this project, check out our deep dive of Cardano.

The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair.

Cardano was founded back in 2017, and named after the 16th century Italian polymath Gerolamo Cardano. The native ADA token takes its name from the 19th century mathematician Ada Lovelace, widely regarded as the world’s first computer programmer. The ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.

The team behind the layered blockchain say that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity.

In August 2021, Charles Hoskinson announced the launch of the Alonzo hard fork, causing Cardano price to surge, gaining 116% in the following month. On Sept. 12, 2021, the Cardano ‘Alonzo’ hard fork officially launched, bringing smart contract functionality to the blockchain. Over 100 smart contracts were deployed in the following 24 hours after the launch.

Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.

Cardano

Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications.

In this virtual world, users purchase plots of land that they can later navigate, build upon and monetize.

Decentraland was launched following a $24 million initial coin offering (ICO) that was conducted in 2017. The virtual world launched its closed beta in 2019 and opened to the public in February 2020. Since then, users have created a wide range of experiences on their parcels of LAND, including interactive games, sprawling 3D scenes and a variety of other interactive experiences.

Decentraland uses two tokens: MANA and LAND. MANA is an ERC-20 token that must be burned to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also be used to pay for a range of avatars, wearables, names, and more on the Decentraland marketplace.

Decentraland (MANA) is a decentralized virtual world platform with software based on the Ethereum blockchain, where users create, test and monetize content. In short: users buy virtual plots of land as NFTs with MANA tokens on the Decentraland platform. Progress in the game depends only on players themselves, their efforts and their imagination.

The digital platform is completely owned by its users. Within the Decentraland metaverse, participants can explore the virtual world, purchase plots of land that can be monetized, create works of art, own non-fungible tokens (NFTs), and take part in a decentralized autonomous organization of the platform Decentraland DAO. Due to the DAO, the community influences the development vector of the project.

In addition, users have access to interactive applications, in-world payments and peer-to-peer communication. The 3D world resonates with many participants as Decentraland has many applications, both entertainment for gamers and business for investors.

Two types of tokens called MANA and LAND govern operations in Decentraland. They also allow users to interact with the platform.

MANA is the official currency of Decentraland. It’s an ERC-20 standard token that powers the Decentraland platform. With MANA, users can purchase plots of LAND, as well as pay for in-game items and services.

MANA gives its holders the right to vote in Decentraland DAO. MANA can be purchased on a cryptocurrency exchange or by selling collectibles on Decentraland Marketplace. The owner of tokens converts them to wrapped MANA, or wMANA, and then commits them to the DAO. One wMANA equals one vote. MANA can be exchanged for fiat currency and other digital assets.

As for LAND, it’s a non-fungible token (NFT) based on Ethereum (ETH). It is used to track ownership of land parcels aka digital real estate. Like MANA, LAND is part of the protocol and confers voting rights, but LAND does not need to be fixed in the DAO. One LAND is equal to two thousand votes.

Players choose what to do with their land. Owners store tokens in crypto wallets and buy necessities with MANA tokens on the Decentraland Marketplace. Moreover, on the marketplace, participants can manage or exchange LAND tokens (priced in MANA). Holders use the marketplace to transact or transfer in-game items. All transactions are conducted, regulated and registered via the Ethereum blockchain.

Decentraland combines an online gaming space and blockchain technology. All control over the rules is given to the players, and token holders vote on in-game and organizational policies. The original goal was to form a decentralized virtual reality, but in practice, Decentraland has turned into a massive NFT market.

A special role in Decentraland is assigned to NFTs, such as collectibles, virtual equipment and real estate (LAND). However, for new players who want to join the universe and seize NFTs, the entry barrier will be high.

The Decentraland protocol is built on three levels using Ethereum smart contracts. On the consensus layer, the ownership of LAND is tracked and managed. The land content layer displays the content of the Decentraland virtual world. Finally, on the real-time layer, participants interact with each other.

The platform was co-founded by two blockchain experts, Ari Meilich and Esteban Ordano, in 2015. Officially it was launched a year later and became available only in February 2020, gradually turning from a 2D experiment into a full-fledged 3D world.

To sum up, Decentraland is a decentralized game and a 3D virtual reality platform where players own lands and create limitlessly. Decentralized Autonomous Organization (DAO) software is at the core, and governance is in the hands of the community. Through the native token MANA, players participate in any proposals for managing and improving the ecosystem, the auction system, and the in-game policy.

Decentraland

Chiliz is the leading digital currency for sports and entertainment by the eponymous Malta-based FinTech provider. It operates the blockchain-based sports entertainment platform Socios, which enables users to participate in the governance of their favorite sports brands. Multiple fan tokens by Socios.com are an example of that. For sports clubs and associations, fan tokens offer a way of connecting with their fans and unlocking new revenue streams.

For instance, fans can participate and influence club-related decisions through surveys and polls, such as messages the captain should wear on his armband. The company aims to bridge the gap between being an active and a passive fan. Chiliz has developed partnerships with some of the biggest sporting institutions in the world: FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. It also boasts partnerships with the UFC and gaming organizations. By purchasing CHZ, fans get access to various fan tokens and literally have a stake in their club.

Chiliz

Theta Network

Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.

The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.

To learn more about this project, check out our deep dive of Chainlink.

Chainlink

Launched in 2021, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed  (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.

Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.

Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018.

Enjin Coin (ENJ) is a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs).
Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users:

Infuses them with a reserve value

Ensures their transparency and scarcity

Gives them instant liquidity

Provides utility in games and apps

Anti-inflationary

Enjin's "melting" functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within.

The Enjin blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain.

Founded in 2009, Enjin has roots in the gaming industry, with the company’s first product, a gaming community platform called the Enjin Network, growing to 20 million users over the course of a decade.

In 2017 following an ICO, Enjin established itself as a leading blockchain ecosystem developer, building a suite of software products that enable anyone to easily mint, manage, trade, distribute, and integrate blockchain assets.

Enjin’s co-founder Witek Radomski wrote the code for one of the first ever non-fungible tokens (NFTs) and is also the co-author of the ERC-1155 Ethereum token standard.

Built on top of an on-chain infrastructure, the Enjin ecosystem enables game developers and businesses of all sizes to use tokenized digital assets as part of their acquisition, retention, engagement, and monetization strategies. The Enjin ecosystem is fueled by Enjin Coin (ENJ), a cryptocurrency used to back the value of blockchain assets.

Enjin Coin

Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.

Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community.

Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services.

The Polkadot protocol can connect public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain (explained further down).

Polkadot’s native DOT token serves three clear purposes: staking for operations and security, facilitating network governance, and bonding tokens to  connect parachains .

Polkadot has four core components:

Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains;

Parachains: independent chains that can have their own tokens and be optimized for specific use cases;

Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model;

Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum.

Polkadot

Quant launched in June 2018 with the goal of connecting blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network. It is the first project to solve the interoperability problem through the creation of the first blockchain operating system.

To learn more about this project, check out our deep dive of Quant.

The project is built as an operating system distributed ledger technology— and Overledger Network — for connecting different blockchain networks. The project is billed as the first OS to be built for blockchains.

The main aim of Quant — using Overledger — is to bridge the gap that exists between different blockchains. The backbone of the project is the Overledger network, which Quant bills as the ecosystem on which the future digital economy ecosystem will be built.

Overledger allows developers to build decentralized multi-chain applications (known as MApps) for their customers. For developers to build a Mapp on the network, they must hold a certain amount of Quant tokens (QNT).

Quant

The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. There is a hosted service in production that makes it easy for developers to get started building on The Graph and the decentralized network will be launching later this year. The Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon.

To learn more about this project, check out our deep dive of The Graph.

To date, over3,000 subgraphs have been deployed by thousands of developers, for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and many others. The Graph usage has been growing at over 50% MoM and hit over 7 billion queries during the month of September 2020.

The Graph has a global community, including over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program as of October 2020. To fund network development, The Graph raised funds from community members, strategic VCs and influential individuals in the blockchain community including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital and others. The Graph Foundation also successfully completed a public GRT Sale with participation from 99 countries (not including the U.S.). To date as of November 2020, The Graph has raised ~$25M.

The Graph

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.

The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.

Cosmos’ origins can be dated back to 2014, when Tendermint, a core contributor to the network, was founded. In 2016, a white paper for Cosmos was published — and a token sale was held the following year. ATOM tokens are earned through a hybrid proof-of-stake algorithm, and they help to keep the Cosmos Hub, the project’s flagship blockchain, secure. This cryptocurrency also has a role in the network’s governance.

Cosmos

Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming.

Development work officially started on Zilliqa in June 2017, and its testnet went live in March 2018. A little over a year later, in June 2019, the platform launched its mainnet.

The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts.

Zilliqa

Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.

To learn more about this project, check out our deep dive of Polygon Matic.

Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand alone chains or any other kind of infra required by the developer.

Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.

The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.

Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains.

Polygon combines the Plasma Framework and the proof-of-stake blockchain architecture. The Plasma framework used by Polygon as proposed by the co-founder of Ethereum, Vitalik Buterin, allows for the easy execution of scalable and autonomous smart contracts.

Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem.

Polygon boasts of up to 65,000 transactions per second on a single side chain, along with a respectable block confirmation time of less than two seconds. The framework also allows for the creation of globally available decentralized financial applications on a single foundational blockchain.

The Plasma framework gives Polygon the potential of housing an unlimited number of decentralized applications on their infrastructure without experiencing the normal drawbacks common on proof-of-work blockchains. So far, Polygon has attracted more than 50 DApps to its PoS-secured Ethereum sidechain.

MATIC, the native tokens of Polygon, is an ERC-20 token running on the Ethereum blockchain. The tokens are used for payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem. The transaction fees on Polygon sidechains are also paid in MATIC tokens.