#MajorAirdropWatch In addition to Bitcoin, there are several other major cryptocurrencies, each with its own features and use cases. Some of the most notable ones include:
Ethereum (ETH): Launched in 2015 by Vitalik Buterin, Ethereum is a decentralized platform that enables developers to create and run smart contracts and decentralized applications (dApps). Ethereum introduced the concept of "programmable money" and its native cryptocurrency, Ether (ETH), is used for transactions and executing smart contracts. Ethereum is transitioning from a proof-of-work (PoW) to a more energy-efficient proof-of-stake (PoS) consensus mechanism with Ethereum 2.0.
Binance Coin (BNB): Originally created as a utility token for the Binance exchange, Binance Coin has grown to have various use cases within the Binance ecosystem, including for transaction fee discounts and staking in Binance's decentralized exchange (DEX). BNB has become one of the largest cryptocurrencies by market capitalization.
Ripple (XRP): XRP is the native cryptocurrency of the Ripple network, designed for fast, low-cost international payments. Ripple aims to provide a solution for banks and financial institutions to settle cross-border transactions efficiently. Despite legal challenges from the U.S. SEC, XRP has maintained a significant presence in the crypto market.
Cardano (ADA): Founded by Ethereum co-founder Charles Hoskinson, Cardano is a blockchain platform that aims to provide a more sustainable and scalable alternative to Ethereum. It uses a proof-of-stake consensus mechanism and is known for its focus on academic research and peer-reviewed development.
Solana (SOL): Solana is a high-performance blockchain designed to support decentralized applications and crypto projects with fast transaction speeds and low fees. Solana uses a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms to process transactions quickly and efficiently.