Crypto Assets Available in the Simple App
Bitcoin - the world's first cryptocurrency created in 2008.
It is a completely decentralized digital currency. Bitcoin, its transactions, and issuance are regulated by the peer-to-peer network according to consensus in the network software. The cryptocurrency distributes information about the balance and transactions of each user in encrypted form.
Ethereum is a decentralized blockchain platform founded in 2014. The platform is best known for its ETH cryptocurrency. Like Bitcoin and other cryptocurrencies, it is used to transfer digital money.
Shiba inu (SHIB) is a token on the Ethereum blockchain that has grown in popularity thanks to its unique ecosystem and doggy theme, as well as speculation on its price.
Dogecoin appeared in 2013. It is based on the Luckycoin code, which is a fork of Litecoin.
A well-known Internet meme with a Shiba Inu dog that became the logo of the coin. The Dogecoin creators positioned the project as a comic competitor of Bitcoin. However, there is an endless supply of coins on the platform, unlike Bitcoin.
Solana is a young crypto project launched in 2017. The key feature of the Solana blockchain is the high speed of transactions.
The Solana developers claim that the platform and its ecosystem are able to scale with their growth rates. Thanks to the advantages of the project, its team plans to attract the audience of Ethereum and other blockchains, which do not have a high throughput rate.
Chainlink is a high-tech blockchain platform powered by smart contracts. The decentralized Oracle ChainLink service allows smart contracts to use oracles' internal blockchain services to interact with autonomous systems and APIs. In other words, oracles are intermediate software that provides smart contracts with access to external data.
Polygon (Matic) is a relatively new project that aims to connect Ethereum compatible blockchain networks. The Polygon network is an Ethereum-compatible second-level sidechain operating on the PoS (Proof-ot-Stake) algorithm. This platform attempts to address several of the significant disadvantages of Ethereum, such as high fees, delayed transactions, and overall poor user experience.
Litecoin is one of the most popular cryptocurrencies globally, created in 2011. Initially, the Litecoin currency was created not as a replacement for Bitcoin but as its alternative. As a result, Litecoin is faster and provides more secure transactions. In addition, all transactions are carried out at a lower price.
Tron was created in 2017 as a distributed network for the free exchange of content between users and the development and launch of entertainment applications. The aim of Tron is to build a blockchain-based global free entertainment content system. Tron protocol allows users to publish and store their own data freely.
Tether (USDT) is the crypto version of the US dollar. All Tethers were originally issued on the Bitcoin blockchain via the Omni Layer protocol and therefore exist as tokens. Each unit of Tether issued for circulation is backed by a one-to-one ratio (i.e., 1 Tether = 1 USD). Tether claims that all of its tokens are supported by its own reserves. The value of USDT remains stable due to the action of bots that buy and sell USDT on the market depending on exchange rate fluctuations.
Uniswap is a decentralized exchange developed on the basis of the Ethereum protocol, which provides cryptocurrency exchange operations without intermediaries. Users on the Uniswap exchange can easily trade ETH and other ERC-20 coins without the need for centralized management or confirmation.
The South Korean project Fantom began to gain popularity in the European market in 2021, although it was already known in Asia for its technological solutions. It focuses on the blockchain trilemma: how to keep decentralization, security and still solve the problem of scaling.
Bitcoin Cash was formed in the summer of 2017 as a fork of the original Bitcoin blockchain. The reason was the decision of the Bitcoin Core development team to implement Segregated Witness (SegWit).
USD Coin (USDC) is a stablecoin equivalent to the US dollar (USD), which is controlled by the Coinbase crypto exchange together with the Circle company.
Axie Infinity is a platform that allows earning tokens in a playful way and contribute to the ecosystem. In fact, it is a blockchain game run by the players. They collect and breed digital creatures called Axies, fight, and trade them. Each Axie is a unique NFT token.
Decentraland is an Ethereum-based blockchain platform where users can create unique game content in the form of NFT tokens and then monetize it. The built-in marketplace allows buying and selling content using MANA tokens. At the heart of the ecosystem, there are plots of land designated as a LAND token, which gives users control over the created objects.
MANA is an ERC-20 token that is burned to earn LAND (1000 MANA = 1 LAND) and is also used to purchase virtual goods on the marketplace.
The Sandbox Game is an online multiplayer game using blockchain technology with elements of DeFi and NFT. It is a whole game metaverse in which players can buy and sell ""Lands,"" create and sell their ""Assets,"" and participate in project management, determining the vector of its further development.
The Graph is a distributed protocol for indexing and searching information on blockchains. Blockchain indexing is a complicated and time-consuming process that does not always allow getting the correct data. The solution offered by The Graph is to create subgraphs that can then be queried using the GraphQL API tool. It is based on the open-source implementation of Graph Node.
Ripple is an open payment network for digital currency.
Its primary goal is to provide secure, instant, and cheap global financial transactions of any size. XRP creates a network for financial institutions globally that allows to transfer funds without intermediaries. It is open-source and decentralized, the blockchain will function even if the parent company “Ripple” were to disappear.
Avalanche is a heterogeneous network of multiple blockchains for launching DeFi services.
Avalanche is a smart contract platform that confirms transactions in less than a second and also supports the complete set of Ethereum tools. Avalanche is a heterogeneous network of multiple blockchains. As with Ethereum, third-party developers can create their own decentralized applications, NFTs, and automated market makers in the Avalanche ecosystem. AVAX token is used to pay transaction fees or purchase computing power for your application.
Cosmos is a network of independent blockchains unique thanks to Byzantine fault tolerance algorithms.
Creating an ecosystem of blockchains that can interact with each other Cosmos is positioned as the internet of blockchains. Pre-built development kits and protocols allow blockchains to be made faster and simpler while allowing interoperability and scaling.
Polkadot is a decentralized, secure, scalable 3rd generation platform. Oracles, public networks, and private networks can be connected to the Polkadot system, where funds exchange transactions can go through independent blockchains. Polkadot wants to be the foundation from which all other blockchains will grow. The Polkadot Token (DOT) is the native token of the Polkadot network. Also, it is a blockchain protocol designed to encourage a global network of computers to work with the blockchain.
A decentralized non-custodial liquidity protocol for lending and borrowing.
A set of smart contracts built on ETH blockchain, AAVE protocol creates a market for lenders and borrowers. Depositors provide liquidity to earn a reward. Borrowers place collateral to receive a loan in a different crypto asset with a variable or stable interest rate.
P.S. You can find the more detailed information about each crypto in your Simple App -> "Market" -> Click on any Crypto, and scroll down the page .
Updated on: 20/06/2022