Blockchain and Cryptocurrency Pro - About the Top 100 Cryptocurrencies Based on Marketcap - Cardano, Uniswap and Shiba Inu

in hive-175254 •  last month 

image.png

Cardano (ADA)

image.png
Source

Cardano is one of the top blockchain projects at the moment, currently ranking 5th on coinmarketcap. Cardano is one of those very interesting platforms that has been around for a few years now. Cardano was basically created to provide a balanced and sustainable ecosystem for cryptocurrencies and also aims to host smart contracts and dApps. The cardano blockchain uses a proof of stake consensus mechanism, with focus on scalability and faster transactions. Cardano is one of those projects that is considered as a big competitor to Ethereum even though it hasn’t yet reached the level of ethereum.

Cardano was introduced 6 years ago in 2015 and has gained massive recognition in the crypto space for its ambitious plans as it aims to create an internet of blockchains. While cardano is aiming to be the faster and more scalable alternative to ethereum with low transaction fees, it still doesn’t have smart contract functionalities yet and plans to enable it in the nearest future. Cardano is a proof of stake blockchain platform, providing unparalleled security and sustainability. ADA is the native coin of the Cardano blockchain. Also, depending on how many ADA is held, it is used to validate transactions on the cardano blockchain network. Much like every other cryptocurrency ADA can be used as a currency or a store of value for sending and receiving funds.

Uniswap (UNI)

image.png
Source

Uniswap has been one of the most talked about projects in the crypto space and one of the leading DeFi protocols. Uniswap is a project that skyrocketed after it was introduced into the DeFi. As far as DeFi is concerned, Uniswap remains one of the most used DeFi applications on the ethereum blockchain to swap between ethereum-based tokens.

In my opinion, as far as fully decentralized exchanged is concerned, uniswap tops the list as it is one of the most functional decentralized exchange protocols. One of the main benefits of uniswap is that it is open source which means that users have the ability to access the protocol and make contributions. UNI token is the utility token of the uniswap protocol. Uniswap works by using what is known as smart contracts to fully control liquidity pools and automated market makers.

Shiba Inu (SHIB)

image.png

We experienced what we call meme season or the rise of meme coins, with different meme coins popping up. Shiba Inu is one of the projects that started out as a meme token on the ethereum blockchain, to compete against dogecoin, but it has grown to be more than just a meme token to become an ecosystem with multiple applications to launch soon, the Shibaswap being one of the most anticipated dex by shiba Inu. Shiba Inu has had a tremendous increase in price, retaining its position as the most viewed cryptocurrency on coinmarketcap.

Shiba Inu is found its way into becoming one of the top blockchain projects at the moment, currently ranking 28th on coinmarketcap. Shiba Inu has become the leading meme token at the moment, being the closest competitor to the king of meme coins dogecoin. Shiba Inu kicked off as an experiment but has grown to become a decentralized ecosystem. Shiba Inu is still in its early stage, making it one of the most promising projects with huge potential. SHIB is the native token of the Shiba Inu ecosystem and it runs on the ethereum blockchain.

As an ethereum-based token, SHIB is supported on every wallet that supported ethereum-based ERC-20 tokens. Most especially a variety of secure and non-custodian cryptocurrency wallets that give users full control of the ethereum and ethereum-based tokens asset by providing keys or seed phrase. Example of supported wallets are myetherwallet, trust wallet, atomic wallet, exodus wallet, ledger wallet, trezor wallet etc.

Shiba Inu (SHIB) is one of the hot projects right now and have attracted the attention of some of the biggest exchanges in the crypto space. It has gained a lot of popularity with high trading volume that a lot of the top crypto exchanges have no choice than to list SHIB on their exchange. At the moment, SHIB is on a lot of the top crypto exchanges with a lot of liquidity. SHIB can be traded on Binance, Uniswap, Kucoin, Huobi Global, Poloniex, Bittrex, OKEx, Bilaxy, Bithumb, Gate.io and more.

image.png

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!