What Is Avalanche (AVAX)? Avalanche (AVAX) is a blockchain platform that competes with Ethereum by prioritizing scalability and transaction processing speed. AVAX is the native token of the Avalanche blockchain. It uses smart contracts to support various blockchain projects. The Avalanche blockchain can provide near-instant transaction finality. At the time of writing (December 2023), Avalanche…
What Is Polkadot (DOT)? Polkadot (DOT) is a ‘Layer 0’ blockchain project that centers interoperability. A ‘network of networks’, it seeks to break down the barriers between various blockchain ecosystems. In this way, it enables intermediary-free communication between separate blockchain ecosystems. Making this intermediary-free communication possible are parachains, specialized blockchains that each have their own…
What is Bitcoin Cash (BCH)? Bitcoin Cash (BCH) was created in 2017 as a result of a hard fork from Bitcoin. The goal was to increase the number of transactions in a single block, which would theoretically reduce fees and transaction times. Despite sharing several technical similarities with Bitcoin, such as using the same consensus…
What is Synthetix? Synthetix is a DeFi protocol that allows for the creation of synthetic assets that track and provide returns for another asset without requiring ownership of it. In simpler terms, it allows users to gain exposure to real-world assets such as gold, silver, and fiat currencies, as well as cryptocurrencies, without actually owning…
What is Fantom (FTM)? Fantom (FTM) is a decentralized, permissionless, and open-source smart contract platform for building crypto DApps. Founded in 2018 by South Korean computer scientist, Dr. Ahn Byung Ik, Fantom differs from traditional blockchain systems because it is based on Directed Acyclic Graph (DAG) technology. In a nutshell, DAG technology is a data…
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