What is Stellar (XLM)?
The Stellar network is an open-source protocol for decentralized payments. It connects diverse financial systems and enables money to move quickly, reliably, and cheaply. Stellar’s goal is to be a common financial platform where people of all income levels can access and send money, that connects with different currencies and banking systems across the globe. […]
What is Solana (SOL)?
Solana is a new blockchain protocol for massively scalable decentralized applications that also solves the problems of speed and cost. It is the first commercially viable and scalable network to power the decentralized web. Its architecture is like a traditional database in which data and queries are always on fast storage. Underneath, it can process […]
What is Chainlink (LINK)?
Chainlink (LINK) is an open-source sidechain project that allows you to tokenize agreements securely so they can be traded on the blockchain. In other words, it is a decentralized oracle network poised to play a critical role in the real-world deployment of blockchain technologies. The principal goal of this network is to provide feedback on […]
What is Litecoin (LTC)?
Litecoin(LTC) is a peer-to-peer digital currency that enables instant, secure, and low-cost payments to anyone in the world by leveraging the unique features of blockchain technology. Created by Charlie Lee, an ex-Google employee, Litecoin was an early fork of Bitcoin Core with improved functionalities like faster block generation time and a new hashing algorithm. The […]
What is Polkadot (DOT)?
Polkadot (DOT), founded on 18 July 2015, is a sharded, non-homogenous multi-unit development that allows external networks and other similar blockchain creations to communicate with one another, creating an interconnected internet of blockchains. Although it officially launched in 2020, Polkadot aims to be an absolute rock-solid creation that takes over as the next wave of […]
What is Binance USD (BUSD)?
Binance USD (BUSD) is a newly inducted USD-dominated stablecoin pegged to the dollar on a constant 1: 1 policy and approved by the New York State Department of Financial Services (NYDFS) in the year 2015. It is a fully-backed token founded by Binance and Paxos that operates on blockchain technology to offer the stablecoin as […]
What is XRP?
Before we delve into the world of XRP and its applications, it is worth understanding the background behind the cryptocurrency. To begin with, XRP was developed in 2011 by Ripple Labs, a company that focuses on establishing secure payment methods over its blockchain through an open network called “Ripple”. The Ripple network consists of three […]
What is Dogecoin (DOGE)?
Dogecoin is a peer-to-peer digital currency that has no central authority and uses cryptography to regulate the generation of units of currency and verify the transfer of funds. It was created by two software engineers, Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia; they aimed to provide a digital coin that can reach a broader […]
What is USD Coin (USDC)?
Publicly announced on the 15th of May 2018, USD Coin is a digital stablecoin linked to the United States dollar bill. It is an open-source, smart contract-based token created by an association of people called CENTRE. It has versatile interoperability and can operate on 4 different blockchain networks, ranging from Ethereum, Solana, Aglorand, and Stellar. […]
What is Ethereum (ETH)?
Ethereum is an open-source, public, and blockchain-based distributed computing platform that enables Smart Contracts and Decentralized Applications (DApps) to be deployed. Ethereum’s own native cryptocurrency, Ether, powers the blockchain aspect of the network. It also serves as a digital “fuel” that allows users to develop apps and services that will run on its blockchain. Originally […]
What is Binance (BNB) Coin?
Binance is a blending of the words “binary” and “finance.” Binance is one of the most popular cryptocurrency exchanges and has been around for quite some time. In July 2017, Binance launched its own cryptocurrency naming it “Binance Coin.” Binance Coin (BNB) is a cryptocurrency specifically designed for use in the Binance platform. It initially […]
What is Bitcoin Cash (BCH)?
Bitcoin Cash is a cryptocurrency that was created in August 2017 as a result of an ongoing controversy concerning Bitcoin scaling. The idea was to have a larger block size than Bitcoin, permitting more transactions to be stored in a single block. Despite their conceptual differences, Bitcoin Cash and Bitcoin have a lot in common […]
What is Tether (USDT)?
The idea of Tether (USDT) originally started around January 2012 when a published whitepaper by software developer J.R Willet, described the possibilities of creating a digital coin through the already popular Bitcoin Protocol. Its creation originated with an idea that was implemented and later called Mastercoin. This idea birthed the Mastercoin Foundation (later renamed to […]
What is Bitcoin (BTC)?
Bitcoin is a global digital cryptocurrency created in 2008. It is the first decentralized digital currency and has attracted many people to its use as a form of payment due to how it can be transferred without any intermediaries. Created by a person or a group of people whose identity is unknown and who goes […]