ARB is the Arbitrum blockchain’s native governance token. Learn about its features and tokenomics in this article. Key Takeaways: What Is the Arbitrum Protocol? ARB is the brainchild of Offchain Labs, a company founded by Ed Felten, Steven Goldfeder, and Harry Kalodner. It offers a Layer-2 (L2) scaling solution for Ethereum, designed to enhance the network’s capabilities by
Stellar XLM seeks to reimagine the market for currency and asset transfer by creating a distributed network that’s been described as everything from a payment rail to an exchange. So while answers to the question “What is Stellar?” may change depending on who you ask, that isn’t the fault of the technology. As it did
Filecoin is a decentralized digital storage platform hosted on blockchain technology. It is similar in function to DropBox or WeTransfer, except that data is not stored on a single server but rather on a peer-to-peer network. Aside from that, Filecoin differs from centralized data storage providers in that it allows users to rent out their excess storage
Cronos CRO Protocol Labs (“Crypto.com”) is a payments ecosystem that offers a range of blockchain-based solutions to help increase crypto adoption and put “cryptocurrency in every wallet.” Crypto.com started out as a financial services firm in Monaco, which offered VISA-approved payments cards pre-paid with crypto. It also had an exchange, wallet, and other crypto portfolio products.
Founded by Avery Ching and Mo Shaikh in October 2022, Aptos is a Layer-1 blockchain designed to be scalable, safe, and reliable. Aptos uses the AptosBFT consensus mechanism built on the smart contract programming language Move. Aptos is a relatively new player in the blockchain world, designed with a focus on scalability, security, and reliability. Here’s a concise explanation: Overall,
Ethereum Classic (ETC) is an open-source, decentralized, blockchain-based distributed cryptocurrency platform that runs smart contracts. Ethereum Classic was established in 2016 after the decentralized autonomous organization (DAO), which used smart contracts operating on the Ethereum blockchain, was hacked. The original blockchain was split in two, with the majority of users choosing to reverse the hack and return the stolen
The first decentralized, collateral-backed cryptocurrency, DAI is a crypto asset that attempts to maintain a price of 1 U.S. dollar per 1 DAI by locking other crypto assets in contracts. This means that unlike other asset-backed cryptocurrencies, which may be issued by for-profit companies, DAI is the product of an open-source software called the Maker
PEPE Memecoins are cryptocurrencies that are named after pop culture phenomena—especially internet memes. The first and arguably most famous of these is Dogecoin, which was created in 2013 and used a picture of a Shiba Inu as its symbol. Although memecoins are generally created as simple jokes or references, without complex features or economics, the
Widely considered to be the first successful “alternative cryptocurrency,” Litecoin’s LTC 2011 release inspired a wave of developers to try and expand the user base for cryptocurrencies by altering Bitcoin’s code and using it to launch new kinds of networks. So, while Litecoin was not the first cryptocurrency to fork from Bitcoin and modify its
Polygon MATIC is a “layer two” or “sidechain” scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees. MATIC is the network’s native cryptocurrency, which is used for fees, staking, and more. You can buy or sell MATIC via exchanges like Coinbase. The Ethereum blockchain is home to a