At first, I'd like to say that I'm no expert when it comes to crypto, but this past time I've been learning a bit more from other coins rather than ETH and BTC. This is no financial advise, it's just some other proyects that seem interesting to me, feel free to comment and give me your opinion, it'd be nice to get to know other opinions regarding this!
It's said that 2021 is altcoin season when it comes to crypto... Yes, the fuzz is all about Bitcoin and Ethereum (no wonder why...), but there are some other projects that are appealing and I've been taking a look at lately:
Polkadot (DOT)
This is probably my favourite altcoin. Polkadot is a proof-of-stake cryptocurrency that aims to allow interoperability between blockchains. This means that it allows transfers of any type of assets or data, not only tokens, across public and open blockchains, but also in private ones. Also, and unlike other coins, whenever there's a need for an upgrade for new features or to fix bugs, it won't be necessary to go through a hard fork.
Its market cap is $15,383M and it's said to be the 3rd largest cryptocurrency after BTC, ETH. As a random fact, it's been created by one of Ethereum's core founders... and we've all seen how good ETH is doing.
You can read the whitepaper here
Uniswap (UNI)
This started out as a joke with my friends: I love unicorns and I said that I'd buy whichever coin was called UNI... and then, doing some research, I found that this was a hell of a project 🤣
Uniswap is an Ethereum based exchange that basically allows to swap other ERC20 tokens, this means that buyers and sellers without the need of creating demand. It solves an issue of liquidity, since it'd be acting as a public good in which there would be no need of a middleman or additional platform fees.
Its market cap, according to Coinmarketcap.com is $5,526M.
You can read the whitepaper here
Iota (IOTA)
IOTA is a distributed ledger that has been created to record and execute transactions between devices and machines. Unlike other coins, IOTA does not use miners to validate this transactions, it's the same users that issue a execute a new transaction that must validate other two and then, perform the proof-of-work. This also means that there are no fees involved.
Its market cap, according to Coinmarketcap.com is $1,180M.
You can read the whitepaper here
Cardano (ADA)
Cardano is a public blockchain for smart contracts and it's a third-generation cryptocurrency, that aims to improve all scaling problems that BTC (as the first-generation coin) and ETH (as the second-generation coin) had. Having said this, ADA aims to solve scalability, susteinability and interoperability.
Its market cap, according to Coinmarketcap.com is $13,771M.
You can read the whitepaper here
I'd love to read your comments on these ones and let me know if there's any other altcoin that you find interesting, so that I can keep on learning! :)
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