The Stellar network is a decentralized platform that allows for the creation and transfer of digital assets, including cryptocurrencies and tokens. In this article, we will take a closer look at some of the most popular crypto coins and tokens on the Stellar network. Here are some of the major benefits of the Stellar Network…
Cryptocurrency coins generally serve the purpose of being stores of value and mediums of exchange. Utility tokens in the cryptocurrency world have a unique purpose compared to other crypto coins. Utility tokens are designed to be used for specific purposes (or functions). In order for a cryptocurrency coin to be truly classified as a utility…
Launch Date July 2017 Creator Changpeng Zhao (or CZ) Consensus Mechanism Proof-of-Staked Authority (PoSA Binance Coin, abbreviated BNB, is the most popular crypto coins in circulation, with a market cap that is the 4th largest, behind only Bitcoin, Ethereum, Tether. BNB was created by the Binance crypto exchange, specifically as a utility token with the…
Launch Date October 6, 2014 (as RealCoin) Official Website https://tether.to/ Creator https://tether.to/ Consensus Mechanism Omni Layer within Bitcoin blockchain Tether is the world’s first stablecoin. It’s purpose is to allow investors to have liquidity within the crypto industry. Investors can trade fiat dollars for Tether and change Tether back into fiat dollars easily, without seeing…
Proof of Stake (PoS) consensus is a cryptocurrency validation mechanism that confirms the validity of transactions on a blockchain and facilitates the creation of new blocks to be added to the blockchain. With distributed blockchain technology, a need exists to ensure that new entries to the distributed ledger are legitimate. Proof of Stake is one…
This article is one of TheTechnologyVault.com’s documentation of those cryptocurrency industry influencers. Company: Ava Labs School: Cornell Blockchain: Avalanche Coin: AVAX Emin Gün Sirer is a professor of Computer Science at Cornell University, in addition to being a cryptocurrency entrepreneur. Together with two graduate students at the school, Sirer founded Ava Labs in 2018 and…
Proof of Work (or PoW) is a method used to verify that some computational work has been done as a way to filter out users attempting to participate in a network in a way that would be antagonistic. The concepts upon which the modern Proof of Work consensus is built came about in 1993 to…
Stellar uses anchors to bridge tethered assets onto the Stellar network for holding or trading.
The Stellar payment network is an open source protocol that allows users to store and transfer money, including fiat currencies and crypto currencies. Stellar was created to enable people using the many disparate financial systems throughout the world to exchange monetary value using the same efficient payment network. The Stellar Development Foundation The Stellar Development…
Symbol: ETH Ledger Start: July 30, 2015 Programming Language: Solidity Official Website: https://ethereum.org/ Code Repository: https://github.com/ethereum Consensus Mechanism: Proof of Stake (upgraded from original Proof of Work used for Ethereum) Ethereum: “The World Computer” Ethereum Description Ethereum is a decentralized, blockchain-based cryptocurrency that was created in 2015. It is the second-largest cryptocurrency by market capitalization…
