🔴Many cryptocurrencies have their own dedicated blockchain (Independent Blockchain)👍
They are often strong projects or provide innovative solutions in various fields. Here’s a list of the most important and popular cryptocurrencies with a brief overview of each:
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🔵 1. Bitcoin (BTC)
Function: Decentralized payment system.
Blockchain: Own – the first and oldest blockchain.
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🟣 2. Ethereum (ETH)
Function: Smart contracts and decentralized applications (dApps).
Blockchain: Own – supports thousands of other projects.
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🔷 3. Binance Coin (BNB)
Blockchain: BNB Chain (formerly Binance Smart Chain).
Function: Trading fees, DeFi, NFTs, gaming.
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🔵 4. Solana (SOL)
Blockchain: Own.
Function: Ultra-fast transactions – used in gaming and NFTs.
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🔵 5. Cardano (ADA)
Blockchain: Own.
Function: Focus on security, education, and smart contracts.
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🌐 6. Polkadot (DOT)
Blockchain: Own + allows linking multiple networks.
Function: Interoperability between blockchain networks.
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🟢 7. Avalanche (AVAX)
Blockchain: Own – supports multiple chains within the system.
Function: DeFi, smart contracts.
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🔷 8. Stellar (XLM)
Blockchain: Own.
Function: Global financial transfers.
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🔶 9. Ripple (XRP)
Blockchain: Own (XRP Ledger).
Function: Financial transfers for banks and institutions.
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🟠 10. Algorand (ALGO)
Blockchain: Own.
Function: Smart contracts, fast transactions, DeFi.
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🟡 11. Cosmos (ATOM)
Blockchain: Own.
Function: Connecting several independent blockchains through a single network.
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🔷 12. Near Protocol (NEAR)
Blockchain: Own.
Function: Supports dApps, low fees, and high speed.
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🟢 13. Tezos (XTZ)
Blockchain: Own.
Function: Self-updating without a "fork", smart contracts.
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📌 Summary:
Having a dedicated blockchain gives the project:
Technical autonomy.
Flexibility in updates and scaling.
Security and control over transaction fees.
