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$SOL Solana is a high-speed single-layer blockchain, currently supporting peak capacity of 65k transactions per second and 400ms block times using a network timestamp system called Proof-of-History ("PoH"). Core technical team comes from Qualcomm, a Fortune 500 chip manufacturer, where they managed projects such as Firefox OS and the BREW Operating System.$SOL
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$ETH đ„ Ethereum was created in 2015 by Vitalik Buterin, a Russian-Canadian programmer. The platform is based on the principle of decentralization, which means that it is not controlled by any single entity. Ethereum allows users to build and deploy software, commonly in the form of DApps, which are then powered by a global distributed network of computers running Ethereum. The network is decentralized, making it highly resistant to any form of censorship or downtime. In addition, Ethereum is an open-source blockchain platform that runs on the usage of its native currency, called Ether or ETH. All network transaction fees, or gas fees, are paid in ETH. ETH specifically used by the Ethereum blockchain to pay for transactions, and is responsible for powering just about everything that occurs on the network. The Ethereum network can be used by anybody to create and run smart contracts, which are software programs that run autonomously, without user intervention. Ethereumâs growth can be attributed in part to its smart contract capability, which has enabled a growing ecosystem of DApps, non-fungible tokens (NFTs) and more. Ethereum completed its switch from a PoW to a PoS consensus mechanism in September 2022. In a PoS consensus mechanism, users can stake 32 ETH to validate transactions rather than solving computational puzzles using mining equipment, making the process more energy-efficient. The Shanghai upgrade brought in a range of technical enhancements to the Ethereum platform. One of the key features introduced is the ability for users to access and unstake their Ethereum tokens that were previously locked in a smart contract as validators on the Beacon Chain.
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$BTC Bitcoin (BTC) is a peer-to-peer cryptocurrency that aims to function as a means of exchange that is independent of any central authority. BTC can be transferred electronically in a secure, verifiable, and immutable way. Launched in 2009, BTC is the first virtual currency to solve the double-spending issue by timestamping transactions before broadcasting them to all of the nodes in the Bitcoin network. The Bitcoin Protocol offered a solution to the Byzantine Generals' Problem with a blockchain network structure, a notion first created by Stuart Haber and W. Scott Stornetta in 1991. Bitcoinâs whitepaper was published pseudonymously in 2008 by an individual, or a group, with the pseudonym âSatoshi Nakamotoâ, whose underlying identity has still not been verified. The Bitcoin protocol uses an SHA-256d-based Proof-of-Work (PoW) algorithm to reach network consensus. Its network has a target block time of 10 minutes and a maximum supply of 21 million tokens, with a decaying token emission rate. To prevent fluctuation of the block time, the network's block difficulty is re-adjusted through an algorithm based on the past 2016 block times. With a block size limit capped at 1 megabyte, the Bitcoin Protocol has supported both the Lightning Network, a second-layer infrastructure for payment channels, and Segregated Witness, a soft-fork to increase the number of transactions on a block, as solutions to network scalability.
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