## Litecoin (LTC) کیا ہے؟

Litecoin (LTC) ایک ایسی کرپٹو کرنسی ہے جسے [بلاک چین](https://coinmarketcap.com/alexandria/glossary/blockchain) ٹیکنولوجی کی منفرد خصوصیات سے استفادہ کرتے ہوئے تیز تر، محفوظ اور کم لاگت والی ادائیگیاں کرنے کے لئے ڈیزائن کیا گیا ہے۔

یہ کرپٹو کرنسی [Bitcoin](https://coinmarketcap.com/ur/currencies/bitcoin/) پروٹوکول کی بُنیاد پر تخلیق کی گئی تھی، لیکن یہ اس میں استعمال کردہ ہیشنگ الگورتھم، بلاک کے لین دین میں صرف ہونے والے وقت، ہارڈ کیپ یعنی بلاک چین کوڈ کے ذریعے گردش میں موجود ٹوکنز کی زیادہ سے زیادہ تعداد کے محدود رکھے جانے اور کُچھ دیگر عوامل کے لحاظ سے مُختلف ہے۔ Litecoin کے بلاک ٹائم کے صرف 2.5 منٹ کا وقت اور لین دین کی انتہائی کم فیس اسے مائیکرو لین دین اور پوائنٹ-آف-سیل ادائیگیوں کے لئے موزوں بنا دیتے ہیں۔

Litecoin اکتوبر2011 کو GitHub پر ایک اوپن سورس کلائنٹ کے ذریعے لانچ کیا گیا، اور Litecoin نیٹ ورک پانچ دن بعد 13 اکتوبر 2011 کو لائیو چلا گیا۔ تب ہی سے، یہ تاجروں کے مابین، استعمال اور قبولیت، دونوں کے تناظر میں دھماکہ خیز ثابت ہوا ہے اور اپنی زیادہ تر موجودگی کے دوران مارکیٹ کیپٹلائزیشن کے لحاظ سے دس بالاترین کرپٹو کرنسیوں میں شمار ہوتا ہے۔

اس کرپٹو کرنسی کو Google کے ایک سابق ملازم Charlie Lee نے تخلیق کیا، جس کا ارادہ تھا کہ Litecoin کو"Bitcoin کا لائٹ ورژن" بنایا جائے، جو Bitcoin جیسی بیشتر خصوصیات کا حامل بھی ہو — وزن میں ہلکا ہونے کے باوجود۔

### Litecoin کے بانی کون ہیں؟

جیسا کہ ہم مختصراً پہلے ہی بتا چکے ہیں کہ Litecoin کی بنیاد Charlie Lee نے رکھی تھی، اور جو کرپٹو کرنسی کو ابتداء ہی میں اپنا چُکے تھے، نتیجتاً وہ کرپٹو کرنسی کی صنعت میں ایک اعلیٰ مقام رکھتے ہیں۔

Charlie Lee، جو"Chocobo" کے نام سے بھی معروف ہیں، ایک ابتدائی Bitcoin مائنراور کمپیوٹر سائنس دان ہیں، جو Google کے سابق سافٹ ویئر انجینئربھی تھے۔ مزید یہ کہ Charlie Lee نے دیگر 2015 سے2017 کے درمیان Coinbase میں دیگر سرمایہ گذاریوں میں جانے سے پہلے ڈائریکٹر انجینئرنگ کا کرداربھی ادا کیا۔

آج، Charlie Lee صریحاً کرپٹو کرنسیوں کے ایک وکیل ہونے کے ساتھ ساتھ Litecoin فاؤنڈیشن کے مینیجنگ ڈائریکٹر بھی ہیں — Litecoin ایک غیر منافع بخش تنظیم ہے جو Litecoin کو مزید ترقی دینے کے لئے Litecoing Core Development ٹیم کے شانہ بہ شانہ مصروف عمل ہے۔

Lee کے علاوہ، Litecoin فاؤنڈیشن کے بورڈ آف ڈائریکٹرز میں تین مزید افراد بھی شامل ہیں: Xinxi Wang، Alan Austin اور Zing Yang - یہ سب اپنے اپنے دائرہ عمل پر مُکمل عبور کے حامل ہیں۔

### کون سی بات Bitcoin کو منفرد بناتی ہے؟

Bitcoin کے فوراً بعد Litecoin دوسری مقبول ترین اور خالص کرپٹو کرنسی ہے۔ اس کامیابی کو بڑی حد تک اس کی سادگی اور سودمندی کے واضح فوائد سے منسوب کیا جا سکتا ہے۔

جنوری 2021 تک Litecoin بہت زیادہ شرف قبولیت حاصل کرنے والی کرپٹو کرنسیز میں سے ایک ہے، اوراب دُنیا بھر میں 2000 اسٹورز اور تاجر LTC کوبخوشی قبول کرتے ہیں۔

اس کے بڑے فوائد اسی کی پُر اثر لاگت اور رفتار سے وجود میں آتے ہیں۔ عام طور پر Litecoin کے لین دین کی تصدیق صرف چند منٹ میں ہو جاتی ہے، اور لین دین کی فیس تقریباً نہ ہونے کے برابر ہے۔ یہی بات ترقی پذیر مُمالک میں اسے Bitcoin کے مُقابلے میں ایک پرکشش متبادل بناتی ہے، وہ مُمالک جہاں لین دین کی فیس بھی اس حوالے سے ایک فیصلہ کُن عنصر ہو کہ کس کرپٹو کرنسی کو سپورٹ کیا جائے۔

2020 کے اواخر میں Litecoin نے (MW) [MimbleWimble](https://coinmarketcap.com/alexandria/article/what-is-mimblewimble) ٹیسٹ نیٹ کا اجراء بھی دیکھا جس کا کام MimbleWimble کی بُنیاد پر ہونے والے اُن رازدارانہ لین دین کو ٹیسٹ کرنا ہے جو Litecoin پر انجام پاتے ہیں۔ اس خصوصیت کے مین نیٹ پر دستیاب ہونے کے بعد Litecoin کے صارفین بہت بہتر رازداری اور بہتر مُتبادلات کی استطاعت سے بھی فائدہ اُثھا سکیں گے۔

#### متعلقہ صفحات:

[Bitcoin (BTC)](https://coinmarketcap.com/ur/currencies/bitcoin/) — اصل کرپٹو کرنسی کو چیک کریں۔

[Nano (NANO)](https://coinmarketcap.com/ur/currencies/nano/) — ایک اور ہلکی پھلکی تیز رفتار کرپٹو کرنسی چیک کریں۔

Litecoin کی [اپ ڈیٹس اور تفصیلات](https://coinmarketcap.com/ur/currencies/litecoin/social/) کے ساتھ تازہ ترین خبریں حاصل کریں۔

کرپٹو کرنسی کی تازہ ترین خبروں اور اپ ڈیٹس کے لیے [CoinMarketCap بلاگ](https://coinmarketcap.com/alexandria/categories/blog) پر سبسکرائب کریں۔

### فی الوقت کتنے Litecoin (LTC) گردش میں ہیں؟

زیادہ تر پروف آف ورک ([POW](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake)) کرپٹو کرنسیز کی طرح گردش میں رہنے والے Litecoin کی تعداد ہر نئے اخراج شدہ بلاک کے ساتھ بتدریج بڑھتی ہے۔

جنوری 2021 تک زیادہ سے زیادہ فراہم کردہ کُل 84 ملین میں سے 66.245 ملین LTC پہلے ہی مائن ہو چکے ہیں۔ Litecoin Foundation نے حال ہی میں یہ حساب لگایا ہے کہ Litecoin کو مکمل طور پر کمزور پڑنے کے لئے 100 سال درکار ہون گے (تقریباً سنہ 2140) — کیونکہ مائن شدہ LTC فی بلاک کی تعداد، بلاک انعام کو آدھا کر دینے کے شیڈول کا حصہ ہونے کے سبب، ہر چار سال بعد کم ہو جاتی ہے۔

LTC جینیسس بلاک کی مائننگ کے بعد تقریباً 500,000 LTC کو پہلے ہی دن انسٹا مائن کیا گیا۔ Charlie Lee اورغالباً کُچھ دوسرے ابتدائی Litecoin ڈیویلپرز اولین مائنرز میں شامل تھے۔

ایک منصفانہ تقسیم شدہ اثاثے کی حیثیت کے باوجود، Litecoin ڈیولپرز یا Charlie Lee نے Litecoin Operation کے حوالے سے کوئی بھی بلاواسطہ منافع وصول نہیں کیا — ماسوائے اس کے کہ جو کُچھ باقاعدہ مائننگ کے عمل میں حصہ لینے سے کمایا جا سکتا ہے۔

### Litecoin نیٹ ورک کس طرح محفوظ بنایا جاتا ہے؟

بلاک چین پر مبنی کرپٹو کرنسی، Litecoin کو انتہائی مضبوط کریپٹوگرافک دفاع کے ذریعے محفوظ بنایا جاتا ہے — جس کو کریک کرنا عملی طور پر ناممکن ہے۔

Bitcoin اور متعدد کرپٹو کرنسیز کی طرح Litecoin بھی اس امر کی یقین دہانی کے لیے PoW کا [مفاہمتی](https://coinmarketcap.com/alexandria/glossary/consensus) الگورتھم استعمال کرتا ہے کہ ٹرانزیکشنز کی تصدیق فوری طور پر ہو جائے۔ Litecoin مائننگ نیٹ ورک کی مشترکہ قوت دوہرے اخراجات اور لاتعداد دیگر حملوں کو روکتی ہے، اور اس کے ساتھ ساتھ 100 فیصد اپ ٹائم کو بھی یقینی بناتی ہے۔

### آپ Litecoin (LTC) کہاں سے خرید سکتے ہیں؟

Litecoin سب سے زیادہ تعداد میں دستیاب کرپٹو کرنسیز میں سے ایک ہے، اسی لئے یہ مختلف النوع ایکسچینجز پر خریدی اور فروخت کی جا سکتی ہے۔ انہی ممتاز ناموں میں سے کُچھ [Huobi Global](https://coinmarketcap.com/ur/exchanges/huobi-global/), [Binance](https://coinmarketcap.com/ur/exchanges/binance/), [Coinbase Pro](https://coinmarketcap.com/ur/exchanges/coinbase-pro/), [OKEx](https://coinmarketcap.com/ur/exchanges/okex/) اور [Kraken](https://coinmarketcap.com/ur/exchanges/kraken/) ہیں۔

Litecoin اُن چند کرپٹو کرنسیز میں سے ایک ہے جس میں کثیر الاقسام فیاٹ ٹریڈنگ کے جوڑے موجود ہوتے ہیں جو کہ امریکی ڈالر(USD)، کوریائی وون (KWR)، یورو (EUR) اور کُچھ دیگر کرنسیوں پر مشتمل ہیں۔ ایسی کرپٹو کرنسیاں خریدنے کے لئے جن کے ساتھ فیاٹ کی سہولت وابستہ ہے، ہمارا [جامع گائیڈ](https://coinmarketcap.com/how-to-buy-bitcoin/) ملاحظہ کریں۔

Litecoin

 network has just passed the monumental milestone of completing 250 million transactions!! 

Litecoin is a decentralized digital currency that enables instant, near-zero cost payments to anyone in the world.

The #Litecoin  network has just passed the monumental milestone of completing 250 million transactions!! $LTC  🚀

Time to register and book your room in Nashville. We make it easy. Tickets are just $84!!!! And we have a limited number of hotel rooms at a discount. Book NOW. 

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🚨 Just 60 days till #LitecoinSummit2024 !!! 🚨  Time to register and book your room in Nashville. We make it easy. Tickets are just $84!!!! And we have a limited number of hotel rooms at a discount. Book NOW. $LTC  #Litecoin   👇👇👇👇👇👇👇👇👇👇👇👇👇👇 👉👉 https://litecoin.net/summit  👈👈

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Binance

Ledger

Trezor

Trust Wallet

Math Wallet

Luno

Coinbase

Cobo

Safepal

HyperPay

MetaMask

Binance Chain Wallet

Atomic wallet

Bronze CMC Creator avatar frame

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

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

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.

Bitcoin Cash (BCH) is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy and larger block size. As a permissionless, decentralized cryptocurrency, Bitcoin Cash requires no trusted third parties.

Bitcoin Cash was created as an alternative to the first and most valuable cryptocurrency — Bitcoin (BTC). In 2017, BCH developers modified the BTC code, releasing their software version and a full-fledged competitive product, which split Bitcoin into two blockchains: Bitcoin and Bitcoin Cash. Bitcoin Cash is a result of a hard fork in the blockchain due to differences in the community over Bitcoin scaling and the SegWit upgrade. Moreover, another hard fork, which divided Bitcoin Cash into two parts, Bitcoin ABC and Bitcoin SV, took place in the fall of 2018.

The scaling debate involved two sides: small block supporters opposed increasing block size as it could lead to blockchain centralization and vulnerability by making it harder to host full nodes. Large block supporters, however, advocated for a faster solution, concerned that rising transaction fees could hinder growth.

Bitcoin Cash

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

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.

Polygon

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.

Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.

The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.

Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.

Ethereum

Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.

Dogecoin

TRON (TRX) is a decentralized blockchain-based operating system developed by the Tron Foundation and launched in 2017. Originally TRX tokens were ERC-20-based tokens deployed on Ethereum, but a year later they were moved to their own network.

Initially, the project was created with the aim of providing full ownership rights to makers of digital content. The main goal is to help content creators (who receive only a small part of the income) and encourage them with more rewards for their work. How: invite content consumers to reward content makers directly (without intermediaries like YouTube, Facebook or Apple).

The TRON software supports smart contracts, various kinds of blockchain systems, and decentralized applications aka dApps. The cryptocurrency platform uses a transaction model similar to Bitcoin (BTC), namely UTXO. Transactions take place in a public ledger, where users can track the history of operations.

Therefore, the platform was built to create a decentralized Internet and serves as a tool for developers to create dApps, acting as an alternative to Ethereum. Anyone can create dApps on the TRON network, offer content, and in return receive digital assets as compensation for their efforts. The ability to create content and share it openly without hesitation regarding transaction fees is an undeniable advantage of TRON.

TRON

Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance.

Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. BNB is an integral part of the successful functioning of many of the Binance sub-projects.

Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.

An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading.

Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.

Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges.

In September 2020, Uniswap went a step further by creating and awarding its own governance token, UNI, to past users of the protocol. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities.

Uniswap

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

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.

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

The Solana protocol is designed to facilitate decentralized app (DApp) creation. 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.

Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

Solana

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.

Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”

Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

Bitcoin

Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.

This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.

After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of bridges.

Avalanche

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

Ethereum Classic (ETC) is the original Ethereum (ETH) blockchain that launched in July 2015. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC.

Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time.

Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.

Ethereum Classic

Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.

The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are.

Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship.

Monero

Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.

The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network where users pay for data storage and distribution services in $FIL. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.

Filecoin is open-source and decentralized, which means that all governance is in the hands of the community. On the Filecoin platform, developers have the opportunity to create cloud file storage services like Dropbox or iCloud. Anyone can join Filecoin and start storing their data or earn money by providing space for someone else's funds. The creators of Filecoin opted for their blockchain technology to run the network and their token with their own consensus.

$FIL is the native currency of Filecoin that powers the entire network and all processes. Clients pay for transactions in FIL tokens. Miners place FIL as collateral, guaranteeing their services.

The developers claim that Filecoin solves the problem of inefficient file storage and retrieval. Customers can find the right solution with an efficient set of tools and its core development, IPFS.

Filecoin

SHIB is a decentralized, community-led currency held by millions across the globe. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries.

Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.

This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin.

Since release SHIB now trades on the ecosystem's proprietary DEX, ShibaSwap.