Without being bound to any central authority, Bitcoin uses peer-to-peer technology to operate. The management of transactions and the distribution of Bitcoins between wallets is technically carried out collectively by the network. Bitcoin is an open source, so nobody is in the center of Bitcoin and can control it by itself. Thus, making it accessible for anyone to produce and execute buy and sell transactions. Due to its many unique features, you can make various payments via Bitcoin.
Ethereum is both a cryptocurrency and a decentralized computing platform which was created by Vitalik Buterin on July 30, 2015 to centralize the existing client server model and not as an alternative to any cryptocurrencies but as a currency in its own right. Due to the functunality of the smart contract features of Ethereum, developers can build their own projects and integrate them into the Ethereum blockchain itself.
Tether (USDT) is a cryptocurrency produced in the Bitcoin blockchain through the Omni Layer protocol.It was released as RealCoin in July 2014 and renamed as tether in November by Tether Ltd. which is responsible for maintaining the cryptocurrencies reserve amounts.
Unlike the other cryptocurrencies in the crypto market, Ripple cannot be mined and is a real-time gross settlement system that also supports fiat currency, cryptocurrency, and commodity exchanges and remittances. Ripple has been progressively adopted by banks and payment networks as settlement infrastructure technology because of the payment’s speed within the network, security of the technology and the resourcefullness to its coin as a bridge currency.
Litecoin is a cryptocurrency that uses a faster payment confirmation schedule and a different cryptographic algorithm than Bitcoin and was released on October 7, 2011 by Charlie Lee, a former Google employee. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.
Stellar Lumens was launched in 2014 by Jed McCaleb and is an open source payment protocol that allows fast, cross-border transactions between any currency pair. Stellar, denoted by the XLM symbol, operates using blockchain technology, like other cryptocurrencies. XLM powers the Stellar network and all its operations in a similar way that ethers (ETH) power the Ethereum network.
Chainlink was launched in 2017 by SmartContract, the founders of which are Sergey Nazarov and Steve Ellis. It was created as a cryptocurrency that aims to promote a global network of computers to provide reliable real-world data to smart contracts running on the blockchain.
Being a scalable network protocol for the Next Generation Internet, Polkadot has been developed by Parity Technology and supported by the Switzerland based Web3 Foundation. Thanks to its open source code, Polkadot (DOT) has started to be frequently preferred by the developers. Polkadot platform aims to create a completely decentralized network and transfer the control to its users.
BAT (Basic Attention Token) Token developed for use among advertisers, publishers and users in the changing digital advertising market which is developed based on Ethereum technology. It is used for digital ads made through the Brave browser. Developed by Brendan Eich, BAT is also the founder of Mozilla Firefox.
Algorand, which was launched in June 2019, is a decentralized, secure, and scalable cryptocurrency project and blockchain network. It is similar to Ethereum with its smart contract feature (contracts coded to create decentralized finance applications). With a capacity of 1,000 transactions per second, it competes with global and traditional payment networks without compromising its decentralized and secure structure.
Fantom (FTM) is a blockchain platform and its native token that works with a DAG-based distributed ledger consensus using principles called aBFT and provides a secure virtual machine for smart contracts. Fantom (FTM) aims to add a new dimension to smart contracts by using the Lachesis protocol with its main system called DAG. Nodes within the Fantom coin blockchain do not need to be aware of the presence of other nodes in the network while they join the network. The Fantom (FTM) network uses timestamps called Lamport to obtain topographic sequences of event blocks.
Holochain provides a peer-to-peer platform allowing developers to create decentralized applications (DApps) and aims to turn data centered blockchain into a representative centered system. Holochain is an open source platform developing completely distributed, secure, fast and peer-to-peer applications. Holochain sets forth with its high speed performance compared to the blockchain technology. HOT is known as the local token of the Holochain network.
To be able to fully understand Maker (MKR), we should look at MakerDAO first. MakerDAO is one of the oldest DeFi projects of the cryptocurrency ecosystem. MKR cryptocurrency was launched on December 18, 2017 by the MakerDAO platform.
Aave is a decentralized finance (DeFi) project that makes it possible to borrow and lend in ERC-20 based cryptocurrencies. Aave runs entirely on the Ethereum blockchain. Aave stands out in that it has a wide range of cryptocurrency products that users can borrow money from and it allows lenders to earn passive income. Aave, previously known as LEND, was launched in 2017 by Stani Kulechov.
BiLira, the first blockchain-based Turkish stablecoin, was developed in April 2019 to ensure that everyone has equal rights in the financial world of the future and can connect with decentralized finance assets. The cryptocurrency expressed in the acronym of TRYB is fixed to TL in the ratio of 1:1. Anyone who completes the KYC / AML process can own BiLira.
The MenaPay Platform is a payment system which allows users to pay in restaurants, cafes, shopping malls, gas stations, vending machines, online platforms, in other words, in every aspect of your daily life. With MenaPay application, you can transfer, spend and manage your money from your own digital wallet at low costs and is also very advantageous in cross-border transactions.
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