A cryptocurrency is designed as virtual and digital money that can be in the form of tokens or coins. You do not have to pay anything extra while using cryptocurrency and it also provides you safe and fast transactions between two companies. Mogul Productions Reviews is a decentralized film financing platform is one of the examples of a company that uses cryptocurrency in dealings. Mogul Productions Reddit was created to disrupt traditional funding methodologies in the film industry by empowering users to take an active role in the creative process.
Here are five different cryptocurrencies:
Ethereum is one of the alternatives of bitcoin, which works on a decentralized software platform that helps to built and run decentralized applications (dapps) without any disturbance from the third party, any downtime, or fraud-related issue.
The Ethereum works on the goal to create a decentralized suite of financial products which anyone can access freely from anywhere in the world. Ethereum runs its application on ether, which is a platform-specific cryptographic token.
Ethereum was launched in 2015, and become the second-largest digital currency by market capitalization after bitcoin.
Litecoin is created by Charlie Lee, an MIT graduate, and former Google engineer, and was launched in 2011. The process of Litecoin runs on the open-source global payment network which is not controlled by any central authority of the country.
Litecoin is mostly similar to bitcoin but it is a bit faster than bitcoin because it has a faster rate of block generation which helps in faster transaction results.
Cardano is the cryptocurrency that was co-founded by Charles Hoskinson, who is also a founder member of Ethereum.
Cardano has a better proof-of-stake consensus model than Ethereum but has to work more on its decentralized financial applications.
The blockchain in Cardano works better and faster than Ethereum, that’s why it is also called an “Ethereum killer”.
From 2011 Cardano has $9.8 billion of market capitalization and has $0.3 for one ADA trade.
Polkadot was created by Gavin Wood, who is also one of the founding members of Ethereum. Polkadot is an advanced blockchain protocol that connects multiple blockchains in a single unified network.
Polkadot is a multi-chain application environment where you can work with cross-chain registries and cross-chain computation.
The developer of Polkadot can form their own blockchain, using the security that Polkadot’s chain has.
It has a market capitalization of $11.2 billion and has $12.5 for one ADA trade.
It is an open-source network for payments. Stellar is made to create, send, and trade any kind of digital formation of money like dollars, pesos, bitcoin, and anything else. The main reason to design Stellar is that it allows the world’s financial system to work all together in a single network.
The Stellar software works around a decentralized open network and is able to handle millions of transactions every day. Stellar is owned by the public.
It has a market capitalization of $6.1 billion and has $0.27 for one ADA trade.