Ethereum is not only a cryptocurrency, but also a platform for developing decentraliz applications (dApps) and smart contracts that are automatically execut when specifi conditions are met. ETH also uses a blockchain, but provides more flexibility thanks to smart contracts. This allows developers to create various applications bas on the Ethereum blockchain. ETH is not limit in release, and this can affect its inflation. Binance Coin (BNB). Launch in 2017 as part of the ICO of the Binance platform, one of the largest crypto exchanges.
Initially, BNB was us to pay trading fees
On the Binance platform, but over time, its use has expand . It runs on the Binance Smart Chain (BSC) blockchain, which allows for decentraliz women phone numbers applications and smart contracts to be launch . BNB uses a clear burn mechanism, which r uces the total number of coins in circulation – due to this, the price of BNB may increase. Ripple (XRP). Creat in 2012 by Ripple Labs, its main goal is to facilitate international money transfers between financial institutions.
XRP is focus on banking applications
It uses a unique consensus protocol that allows for fast transaction processing without mining. High transaction spe s and low fees make XRP ensuring data accuracy and consistency attractive to banks and financial institutions. Cardano (ADA) was launch in 2017 by a team of developers l by Charles Hoskinson. The creators are working to improve a secure and scalable platform for developing.
DeFi applications and smart contracts
Cardano uses the Proof of Stake (PoS) consensus buying house b algorithm, which is less energy-intensive than the traditional Proof of Work (PoW) algorithm. Solana (SOL). Launch in 2020, it is design to create high-spe decentraliz applications and DeFi (decentraliz finance) platforms. SOL uses a unique Proof of History (PoH) technology, which allows for a significant increase in transaction processing spe.