XMoney, also known as Utrust (UTK), is a cryptocurrency and digital payment platform aimed at facilitating secure, low-cost, and reliable online transactions for both consumers and merchants. The main goal is to provide a modern alternative to traditional payment methods by leveraging blockchain technology. Fundamentals of XMoney: * Decentralization: As a cryptocurrency, UTK operates on a decentralized network (initially on the Ethereum blockchain as an ERC-20 token and later migrating to MultiversX), meaning it is not controlled by a single central authority.
Chainlink is a decentralized oracle network that connects smart contracts on blockchains with real-world data and computation. Think of it as a secure and reliable bridge between the blockchain universe, which is isolated by design, and the external world. Oracles, in the context of blockchain, are entities that provide external data to smart contracts. Without oracles, smart contracts would be limited to the information that already exists within the blockchain itself.
VET is the native token of VeChainThor, a blockchain platform focused on supply chain and product lifecycle management solutions. VeChainThor Fundamentals: * Blockchain: VeChainThor uses proprietary blockchain technology, optimized for tracking products and information throughout the supply chain. * Smart Contracts: The platform supports smart contracts, which allow the automation of processes and the creation of customized solutions for different sectors.
HBAR is the native cryptocurrency of the Hedera Hashgraph network, a distributed public platform that is distinguished by its use of the hashgraph consensus algorithm, an alternative to blockchain technology. HBAR Fundamentals: * Hashgraph Technology: Hedera Hashgraph uses hashgraph, a consensus algorithm that promises faster and more efficient transactions compared to traditional blockchain networks. * Scalability: Hedera's architecture allows for a high volume of transactions per second, making it suitable for applications that require scalability.