My Crypto Convictions - BTC | ETH | ADA | SOL | XLM
Bitcoin (BTC): Bitcoin is the world's first and most well-known cryptocurrency, created in 2009 by an unknown individual or group using the pseudonym Satoshi Nakamoto. Bitcoin operates on a decentralized ledger technology called blockchain, which allows for secure and transparent transactions without the need for intermediaries such as banks. Bitcoin's price is known for its volatility, often experiencing sharp rises and declines in short periods of time. As of September 2021, Bitcoin has a market capitalization of over $800 billion and a circulating supply of 18.8 million coins.
Ethereum (ETH): Ethereum is a decentralized blockchain platform that enables developers to build and deploy decentralized applications (dApps). The platform's native cryptocurrency is Ether, which is used to pay for transactions and computational services on the network. One of Ethereum's most significant contributions to the cryptocurrency world is the introduction of smart contracts, which are self-executing contracts that can automate the negotiation and enforcement of contract terms. Ethereum currently has a market capitalization of over $400 billion and a circulating supply of over 117 million coins.
Cardano (ADA): Cardano is a blockchain platform that operates on a proof-of-stake (PoS) consensus algorithm. The platform was created by Charles Hoskinson, one of the co-founders of Ethereum, and aims to provide a more sustainable and scalable alternative to existing blockchain networks. Cardano's native cryptocurrency is ADA, which is used to pay for transactions and fees on the network. The platform has gained attention for its focus on academic and scientific research, with a strong emphasis on the development of practical use cases for blockchain technology. Cardano has a market capitalization of over $80 billion and a circulating supply of over 32 billion coins.
Solana (SOL): Solana is a high-performance blockchain platform that aims to provide faster and cheaper transactions compared to other existing blockchain networks. The platform's native cryptocurrency is SOL, which is used to pay for fees and transactions on the network. Solana is built on a unique consensus algorithm called Proof of History (PoH), which helps to optimize the processing of transactions and reduces network congestion. In August 2021, Solana experienced a surge in popularity and price, briefly becoming one of the top 10 largest cryptocurrencies by market capitalization before experiencing a correction. As of September 2021, Solana has a market capitalization of over $35 billion and a circulating supply of over 300 million coins.
Stellar Lumens (XLM): Stellar Lumens is a blockchain platform that enables fast and secure cross-border transactions. The platform's native cryptocurrency is XLM, which is used to facilitate transactions and pay for fees on the network. Stellar was created by Jed McCaleb, one of the co-founders of Ripple, and aims to provide a more inclusive and accessible financial system by leveraging blockchain technology. One of Stellar's notable partnerships is with IBM, who has been working with the platform to develop blockchain solutions for the financial industry. As of September 2021, Stellar has a market capitalization of over $8 billion and a circulating supply of over 23 billion coins.
Ethereum (ETH): Ethereum is a decentralized blockchain platform that enables developers to build and deploy decentralized applications (dApps). The platform's native cryptocurrency is Ether, which is used to pay for transactions and computational services on the network. One of Ethereum's most significant contributions to the cryptocurrency world is the introduction of smart contracts, which are self-executing contracts that can automate the negotiation and enforcement of contract terms. Ethereum currently has a market capitalization of over $400 billion and a circulating supply of over 117 million coins.
Cardano (ADA): Cardano is a blockchain platform that operates on a proof-of-stake (PoS) consensus algorithm. The platform was created by Charles Hoskinson, one of the co-founders of Ethereum, and aims to provide a more sustainable and scalable alternative to existing blockchain networks. Cardano's native cryptocurrency is ADA, which is used to pay for transactions and fees on the network. The platform has gained attention for its focus on academic and scientific research, with a strong emphasis on the development of practical use cases for blockchain technology. Cardano has a market capitalization of over $80 billion and a circulating supply of over 32 billion coins.
Solana (SOL): Solana is a high-performance blockchain platform that aims to provide faster and cheaper transactions compared to other existing blockchain networks. The platform's native cryptocurrency is SOL, which is used to pay for fees and transactions on the network. Solana is built on a unique consensus algorithm called Proof of History (PoH), which helps to optimize the processing of transactions and reduces network congestion. In August 2021, Solana experienced a surge in popularity and price, briefly becoming one of the top 10 largest cryptocurrencies by market capitalization before experiencing a correction. As of September 2021, Solana has a market capitalization of over $35 billion and a circulating supply of over 300 million coins.
Stellar Lumens (XLM): Stellar Lumens is a blockchain platform that enables fast and secure cross-border transactions. The platform's native cryptocurrency is XLM, which is used to facilitate transactions and pay for fees on the network. Stellar was created by Jed McCaleb, one of the co-founders of Ripple, and aims to provide a more inclusive and accessible financial system by leveraging blockchain technology. One of Stellar's notable partnerships is with IBM, who has been working with the platform to develop blockchain solutions for the financial industry. As of September 2021, Stellar has a market capitalization of over $8 billion and a circulating supply of over 23 billion coins.