By CryptoFacts | Crypto Facts | 15 Jan 2021


1. PolkaDot [DOT]

is a project aiming to create a completely decentralized network where users have full control. Chains connected using Polkadot can transfer any type of data or asset between them. The Polkadot system is very flexible because, in contrast to single blockchains, it is not limited by rigid assumptions, but rather can act as a relay between many networks of blocks built on different principles.



2. Ripple [XRP]

is a real-time gross settlement system (RTGS), currency exchange and remittance network. Also called Ripple Transaction Protocol ( RTXP ) or Ripple protocol. It is built on a distributed open source internet protocol. XRP's goal is to provide secure, instant and nearly free global transactions. The project is addressed mainly to institutions from the banking sector.



3. Cardano [ADA]

Is a decentralized public blockchain project and open source cryptocurrency. Cardano is developing a platform for smart contracts that aims to deliver more advanced features than any previously developed protocol. It is the first blockchain platform to evolve from a scientific philosophy and research-based approach. The development team consists of a large global team of experts, engineers and researchers from around the world. Using the groundbreaking Proof of Stake algorithm, Ouroboros, the IOHK team used an approach based on peer-reviewed academic research to build Cardano from the ground up.



4. ChainLink [LINK]

Oracle's Chainlink decentralized network provides the same security guarantees as the smart contracts themselves. Allowing multiple Chainlinks to evaluate the same data before it becomes a stimulus. The design eliminates every point of failure and maintains the overall value of smart contracts that are highly secure, reliable and trustworthy. Creating a truly valuable smart contract requires using multiple inputs to prove contract outcomes, as well as multiple outcomes impacting external systems and/or sending payments to complete the smart contract. Chainlink provides smart contracts with the inputs and outputs they need to reach their full potential.



5. NEM [XEM]

Announced on the bitcointalk. org forum by UtopianFuture, which was inspired by the Nxt currency. The project went live on March 31, 2015, although testing had been going on since June 2014. The program was written from scratch in Java and Javascript - we're not dealing here with copied Bitcoin code like in Dogecoin. In NEM we are not dealing with digging blocks but with harvesting them. Furthermore, harvesting can be local (local harvesting) or delegated (delegated harvesting), only by accounts sanctioned with sufficient XEM. Everything is checked by a "proof of validity" - proof of importance.



6. Tezos [XTZ]

Is a generic and self-organizing cryptographic register. Cryptocurrency can create blockchain-based distributed ledgers. Operations performed on a normal blockchain are implemented as a purely functional module isolated in the shell responsible for performing operations. Other cryptocurrencies can be represented in Tezos by implementing the appropriate interface for the network layer. Tezos supports custom enhancements, that is, it allows the protocol to evolve by improving its own code. To achieve this effect, the cryptocurrency starts with an initial protocol outlining the procedure for interested parties to approve amendments to the protocol, including changes to the voting procedure.



7. VeChain [VEN]

is a project aimed at business and the application of different solutions like RFID tags, business blockchains and sensors for IoT. It is important to note that some networks for origin monitoring have now been implemented e. g. wine products and there are plans to monitor the origin of cars, shipments in logistics or luxury goods. The VET token is a core component of the blockchain as a means of settlement in smart contracts and ultimately as a form of payment. VeChain is thus a business ecosystem where decentralized applications enable various mentioned applications for companies and entities. It is a kind of a closed circle where the entrepreneur has his place, but also the final customer who knows where the product comes from and what route it has taken. Additionally, the team introduced the possibility of using the Internet of Things in blockchain as a sensor assembly to monitor conditions such as. production, logistics.



8. Waves [WAVES]

is a decentralized blockchain platform focused on custom token operations. The transfer of national currencies takes place on the WAVES blockchain through compatible operators. Decentralized token exchange facilitates fundraising, crowdfunding and trading of financial instruments on blockchain. Simple client-based programs provide a straightforward installation procedure and a flat learning curve for end users. The project introduces new transaction types via plugins that are not included in the main software module, but instead are installed as an extension. Customers who do not have the appropriate plugin installed can still submit these custom transactions. This approach allows third-party developers to introduce new transaction types and creates an Appstore-like ecosystem.



9. Uniswap [UNI]

The UNI token is the official token of one of the most popular decentralized exchanges, Uniswap. With the rise in popularity of decentralized protocols like AMM (Automated Market Maker), and Uniswap clones appearing frequently, those responsible for the development of the project decided to release their own token. Such a move will maintain the existing liquidity on the exchange and assign voting rights on further development of the protocol to the community. Everyone who holds UNI tokens is able to cast a vote on the implementation of the changes.



10. SmartKey [SKEY]

SmartKey is the missing part of the puzzle that connects the world of decentralized finance (DeFi) and blockchain with the world of physical assets. We are the first working platform that allows you to combine physical values and assets (Blockchain Of Things) with DeFi projects operating on the Ethereum and Waves blockchain.


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