Site Content

I. Introduction

A. Explanation of cryptocurrency

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of a central bank or government and is decentralized, meaning it is not controlled by any single entity. Transactions are recorded on a public digital ledger called a blockchain, which allows for secure and transparent transfer of the currency between users. Cryptocurrency can be used for a variety of purposes such as buying goods and services, making investments, or as a store of value. The most popular cryptocurrency is Bitcoin, but there are thousands of other cryptocurrencies in existence, known as altcoins.

B. Brief history of cryptocurrency

The concept of cryptocurrency can be traced back to the late 1990s and early 2000s, when various researchers and developers began exploring the idea of using cryptography to create a digital currency. However, it wasn't until the launch of Bitcoin in 2009 that the first practical implementation of cryptocurrency was created. Bitcoin was created by an individual or group of individuals using the pseudonym Satoshi Nakamoto. The Bitcoin white paper, which outlined the technical details of the currency, was released in October 2008.

Bitcoin quickly gained attention and interest, and by 2010, it had already seen its first commercial transaction. Other cryptocurrencies began to emerge, such as Namecoin in 2011, Litecoin in 2011, and Ripple in 2012. However, it wasn't until the explosion of interest in Bitcoin and other cryptocurrencies in 2017 that the term "cryptocurrency" entered mainstream consciousness. The value of Bitcoin and other cryptocurrencies rapidly rose, leading to a global frenzy of speculation and investment.

The history of cryptocurrency is still ongoing and is expected to continue to evolve in the coming years. New cryptocurrencies are being created, and many governments and financial institutions are investigating ways to incorporate cryptocurrency and blockchain technology into their existing systems.

C. Current state of the cryptocurrency market

The current state of the cryptocurrency market is constantly changing and can be quite volatile. In recent years, the market has seen significant growth in terms of both the number of cryptocurrencies available and the overall market capitalization. However, this growth has also been accompanied by fluctuations in value and periods of market uncertainty.

As of 2021, the total market capitalization of all cryptocurrencies is in the hundreds of billions of dollars, with Bitcoin being the largest and most valuable cryptocurrency, followed by Ethereum. Many other cryptocurrencies, such as Ripple, Litecoin, and Bitcoin Cash, also have substantial market capitalizations.

In recent years, the market has seen a growing interest in the use of cryptocurrencies for institutional investment, as well as the development of new financial products such as crypto-based exchange-traded funds (ETFs) and futures contracts. However, the market is also facing regulatory challenges as governments around the world are still figuring out how to handle the rise of cryptocurrency.

Overall, the current state of the cryptocurrency market is one of growth and development, but also one of uncertainty and volatility. As the technology and infrastructure continue to evolve, it is likely that the market will continue to evolve as well.

II. Understanding Blockchain Technology

A. What is blockchain?

Blockchain is a digital ledger technology that records and verifies transactions on multiple computers. It is essentially a chain of blocks, where each block contains a list of transactions. Once a block is added to the chain, it cannot be altered or deleted. This creates a permanent and unchangeable record of all transactions on the blockchain.

B. How blockchain works

Blockchain works by allowing a network of computers to reach consensus on the state of the digital ledger. Each computer, or node, on the network has a copy of the blockchain. When a new transaction is made, it is broadcast to all the nodes on the network. The nodes then work together to verify the transaction and add it to the next block in the chain. Once a block is added to the chain, it is considered to be part of the permanent record, and the transaction is considered to be complete.

C. Types of blockchain

There are two main types of blockchain: public and private. Public blockchains, like Bitcoin and Ethereum, are open to anyone and allow for decentralized and trustless transactions. Private blockchains, on the other hand, are typically used by organizations and are restricted to authorized participants.

D. Applications of blockchain

Blockchain technology has the potential to revolutionize various industries, including finance, supply chain management, and digital identity. Some of the most promising use cases for blockchain include decentralized finance (DeFi) platforms, digital assets, and smart contracts. Additionally, blockchain technology has the potential to enable new forms of digital governance, improve transparency in supply chains, and enable secure and private digital communication.

III. Popular Cryptocurrencies

A. Bitcoin

1. History: Bitcoin is the first and most well-known cryptocurrency. It was created in 2009 by an individual or group of individuals using the pseudonym Satoshi Nakamoto. Bitcoin has been widely adopted as a store of value and a means of payment, and it has been the foundation of the larger cryptocurrency market.
2. How it works: Bitcoin uses a decentralized peer-to-peer network to facilitate transactions. Users can transfer bitcoins to each other by broadcasting digital signatures across the network. Transactions are verified and recorded on a public ledger called the blockchain.
3. Advantages and disadvantages: One of the main advantages of Bitcoin is its decentralization, which allows for secure and transparent transactions without the need for a third party intermediary. Another advantage is that it allows for pseudonymous transactions. However, a disadvantage is that it is relatively slow and its mining process is energy-intensive.

B. Ethereum

1. History: Ethereum is the second-largest cryptocurrency by market capitalization. It was created in 2015 by Vitalik Buterin and has since grown to become a leading platform for decentralized applications.
2. How it works: Ethereum is similar to Bitcoin in that it uses a decentralized peer-to-peer network and a blockchain to facilitate transactions. However, it also includes a programming language that allows for the creation of smart contracts, which can be used to execute complex financial transactions or other types of agreements.
3. Advantages and disadvantages: One of the main advantages of Ethereum is its support for smart contracts, which allows for greater flexibility in the types of transactions that can be executed on the platform. However, a disadvantage is that its network can become congested during periods of high usage, leading to slow transaction processing times.

C. Other popular cryptocurrencies: 

Litecoin, Ripple, Bitcoin Cash, Tether, Cardano, Polkadot, Chainlink and many more are some of the other popular cryptocurrencies which are widely used and traded.

Each cryptocurrency has its own unique features, advantages and disadvantages. It's important to research and evaluate different cryptocurrencies before investing in them.

IV. Investing in Cryptocurrency 

A. Risks and considerations

1. Volatility: Cryptocurrency prices can be highly volatile and subject to rapid fluctuations. This can lead to significant losses if not approached with caution.
2. Regulatory risk: Governments around the world are still figuring out how to regulate cryptocurrency, which can lead to uncertainty and potential legal issues for investors.
3. Security risk: Cryptocurrency exchanges and wallets have been subject to hacking and theft, which can result in the loss of funds.
4. Lack of oversight: Cryptocurrency markets are largely unregulated and lack the oversight that traditional financial markets have. This can lead to fraud and other types of financial crimes.

B. How to invest

1. Research: Before investing in cryptocurrency, it is important to research and evaluate different cryptocurrencies, as well as the technology behind them.
2. Diversify: It is generally a good idea to diversify your investment portfolio by investing in a variety of different cryptocurrencies.
3. Invest only what you can afford to lose: Investing in cryptocurrency should be considered a high-risk investment, and you should only invest what you can afford to lose.
4. Use a reputable exchange: It is important to use a reputable cryptocurrency exchange to buy and sell cryptocurrencies, as they can be subject to fraud.
5. Store your cryptocurrency securely: Once you have purchased cryptocurrency, it is important to store it in a secure wallet to protect it from hacking and theft.

C. Conclusion

 Investing in cryptocurrency can be a high-risk, high-reward proposition, so it's important to approach it with caution and conduct thorough research before investing. It's also essential to be aware of the various risks and considerations involved. As with any investment, only invest what you can afford to lose and never invest more than you can afford to lose. 

V. Using Cryptocurrency

A. Making transactions

1. Wallet: In order to use cryptocurrency, you will need a digital wallet to store your coins. There are various types of wallets available, including software wallets, hardware wallets, and paper wallets.
2. Sending and receiving: Once you have a wallet, you can send and receive cryptocurrency by providing your wallet's public address. Transactions are then broadcast to the network, where they are verified and recorded on the blockchain.
3. Fees: Transactions on the blockchain network may be subject to a small fee, which is used to incentivize the network's participants to verify and record transactions.

B. Spending cryptocurrency

1. Online merchants: An increasing number of online merchants are beginning to accept cryptocurrency as a form of payment. This includes both large retailers and small businesses.
2. Physical merchants: Some physical merchants are also beginning to accept cryptocurrency as a form of payment. This is typically done through the use of a mobile wallet and a QR code.
3. Point-of-sale devices: Point-of-sale devices that accept cryptocurrency are becoming more common, making it easier for merchants to accept cryptocurrency payments.

C. Trading cryptocurrency

1. Cryptocurrency exchanges: Cryptocurrency can be bought and sold on various online exchanges, similar to stock markets. Some popular exchanges include Binance, Coinbase, and Kraken.
2. Over-the-counter (OTC) trading: OTC trading allows individuals to buy and sell large amounts of cryptocurrency without the need for a centralized exchange. This is typically done through the use of a broker.

D. Conclusion

Cryptocurrency is a versatile technology that can be used for a variety of purposes. It can be used to make transactions, both online and in-person, and it can also be traded on various exchanges. As the technology and infrastructure continue to evolve, it is likely that we will see an increase in the number of ways that cryptocurrency can be used in the future.

VI. The Future of Cryptocurrency

A. Adoption and mainstream use

1. Increased merchant acceptance: As more merchants begin to accept cryptocurrency as a form of payment, it is likely that it will become more mainstream and adopted by the general public.
2. Government and institutional adoption: Governments and financial institutions around the world are exploring the potential of blockchain technology and cryptocurrency, which could lead to increased adoption and use.
3. Use cases: Cryptocurrency is being explored for various use cases such as remittances, micropayments, and cross-border payments, which could lead to wider adoption.

B. Technological advancements

1. Scalability: One of the main challenges facing the cryptocurrency industry is scalability, which refers to the ability of the network to handle a large number of transactions. Developers are working on solutions to improve scalability, such as the use of off-chain transactions and sharding.
2. Privacy: Some cryptocurrency projects are focusing on privacy and anonymity, developing technologies such as zero-knowledge proofs to enhance the privacy of transactions.
3. Security: With the increasing adoption of cryptocurrency, security will become more important and developers will work to improve the security of the network and wallets.

C. Regulation

1. Government regulations: Governments around the world are still figuring out how to regulate cryptocurrency, which could have a significant impact on the future of the industry.
2. Self-regulation: The cryptocurrency industry is also exploring ways to self-regulate, such as through the creation of industry standards and best practices.

D. Conclusion

The future of cryptocurrency is uncertain, but it is clear that the technology has the potential to disrupt traditional financial systems and change the way we think about money. As the technology and infrastructure continue to evolve, we can expect to see increased adoption and use of cryptocurrency, as well as advancements in scalability, privacy, and security. However, the regulatory environment and government policies will play a crucial role in shaping the future of the industry.

VII. Will Cryptocurrency change the Future

Cryptocurrency is a revolutionary technology that has the potential to change the way we think about money and financial systems. It is based on blockchain technology, which is a decentralized, digital ledger that records transactions in a secure and transparent way. The first cryptocurrency, Bitcoin, was created in 2009 and since then, thousands of other cryptocurrencies have emerged, each with their own unique features and use cases.

The cryptocurrency market is highly dynamic and constantly evolving, with new developments and innovations happening all the time. The market is also characterized by high volatility, which can lead to significant losses if not approached with caution.

Investing in cryptocurrency is a high-risk, high-reward proposition, and it is important to conduct thorough research and be aware of the various risks and considerations involved. As the technology and infrastructure continue to evolve, it is likely that we will see an increase in the number of ways that cryptocurrency can be used in the future.

The future of cryptocurrency is uncertain, but it is clear that the technology has the potential to disrupt traditional financial systems and change the way we think about money. Government regulations, technological advancements and adoption will play a crucial role in shaping the future of the industry.

In conclusion, cryptocurrency is an exciting and rapidly evolving technology that has the potential to change the world. Understanding the basics of cryptocurrency and blockchain technology, as well as the current state of the market, is important for anyone who is interested in this technology and its potential impact on the future.

Hardware Wallets: These are physical devices that store your private keys offline and provide a high level of security. Examples include Ledger, Trezor, and KeepKey.

Here are some popular hardware wallets:

Ledger: https://www.ledger.com Ledger is one of the most popular hardware wallets on the market. It supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and others. Ledger wallets come in several models, including Ledger Nano S and Ledger Nano X.

Trezor:https://trezor.io  Trezor is another popular hardware wallet that supports a wide range of cryptocurrencies. It offers several models, including Trezor One and Trezor Model T.

KeepKey: https://www.keepkey.com  KeepKey is a hardware wallet that supports Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, and several other cryptocurrencies. It has a sleek design and a large, easy-to-read display.

Software Wallets: These are applications that can be installed on your computer or mobile device to store your private keys. Examples include Exodus, Atomic Wallet, and MyEtherWallet

Here are some popular software wallets

MetaMask: MetaMask https://metamask.io   is a software wallet that is used as a browser extension on Google Chrome, Firefox, and Brave browsers. It allows you to store, send, and receive Ethereum and other ERC-20 tokens, and interact with decentralized applications (dapps) on the Ethereum blockchain.

Exodus:https: //www.exodus.com  Exodus is a popular software wallet that supports over 100 cryptocurrencies, including Bitcoin, Ethereum, and others. It has a sleek and easy-to-use interface, and offers features like one-click exchange, portfolio tracking, and 24/7 customer support.

Atomic Wallet: https://support.atomicwallet.io/ Atomic Wallet is another popular software wallet that supports over 500 cryptocurrencies. It has a built-in exchange that allows you to quickly and easily swap coins, and it also supports staking and trading.

MyEtherWallet: MyEtherWallet is a popular software wallet that is specifically designed for Ethereum and ERC-20 tokens. It is an open-source wallet that allows you to store, send, and receive Ethereum and other ERC-20 tokens, and it also supports integration with hardware wallets like Ledger and Trezor.

Online Wallets: These are web-based wallets that store your private keys on a third-party server. Examples include Coinbase, Binance, and BitGo.

Here are some popular online wallets:

Coinbase: https://coinbase.com/join/buycks   Coinbase is one of the most popular online wallets, and offers a user-friendly interface and a wide range of cryptocurrencies, including Bitcoin, Ethereum, and others. It also offers a mobile app and the ability to link your bank account or credit card to easily buy and sell cryptocurrencies.

Crypto.com: https://crypto.com/app/d8nxsgujh2 The Crypto.com Exchange Wallet is a custodial wallet that is used to store cryptocurrencies that are bought and sold on the Crypto.com exchange. It offers multi-layer security features like two-factor authentication and cold storage, and allows you to quickly and easily buy and sell cryptocurrencies.

Binance: https://academy.binance.com/en/articles/what-is-a-hardware-wallet Binance is a popular cryptocurrency exchange that also offers an online wallet. It supports over 100 cryptocurrencies and offers trading, staking, and lending features. Binance also offers a mobile app for easy access to your funds.

BitGo: BitGo is a web-based wallet that offers multi-signature security and supports a wide range of cryptocurrencies. It also offers enterprise-level solutions for businesses and institutional investors.

While online wallets are convenient, they are generally considered less secure than hardware wallets or software wallets that store your private keys offline. By storing your private keys on a third-party server, you are trusting the security of your funds to that company, which could potentially be vulnerable to hacks or other security breaches.

If you decide to use an online wallet, it's important to choose a reputable and secure provider, and take steps to secure your account, such as enabling two-factor authentication and using a strong, unique password. You should also only store small amounts of cryptocurrency in online wallets and keep larger amounts in more secure storage options like hardware wallets.

Step 1: Download and Install Metamask

• Go to the Metamask website: https://metamask.io/
• Click on the "Get Started" button and select the appropriate browser extension (Chrome, Firefox, Edge, Brave)
• Follow the prompts to install Metamask on your browser

Step 2: Create a Metamask Wallet

• Open Metamask from your browser extensions
• Click "Create a Wallet"
• Create a strong password and click "Create"

Step 3: Backup your Metamask Wallet

• Metamask will ask you to back up your wallet
• Click "Next" and read the instructions carefully
• Write down your seed phrase and keep it safe
• Confirm your seed phrase and click "Verify"

Step 4: Add Funds to Your Metamask Wallet

• Click on "Deposit" or "Add Funds" in Metamask
• Select the cryptocurrency you want to deposit (e.g. ETH, BNB)
• Copy your Metamask wallet address
• Send the cryptocurrency from your exchange or wallet to your Metamask address

Step 5: Connect Metamask to a Decentralized Application (DApp)

• Go to a DApp that supports Metamask, such as OpenSea or Uniswap
• Click "Connect Wallet" or "Connect Metamask"
• Metamask will prompt you to authorize the connection
• Click "Connect" to authorize the connection

Step 6: Use Metamask to Make Transactions

• Once connected, you can use Metamask to make transactions on the DApp
• For example, you can buy or sell NFTs on OpenSea, or trade cryptocurrencies on Uniswap
• Metamask will prompt you to confirm the transaction and will display the gas fee
• Review the transaction details carefully and click "Confirm" to execute the transaction

That's it! You are now onboarded to Metamask and ready to use it with decentralized applications. Remember to keep your seed phrase safe and to always be cautious when making transactions. 

How to connect and claim your NFT.

Step 1: Connect Metamask to a Marketplace

• Go to a marketplace that supports Metamask, such as OpenSea or Rarible
• Click "Connect Wallet" or "Connect Metamask"
• Metamask will prompt you to authorize the connection
• Click "Connect" to authorize the connection

Step 2: Fund Your Metamask Wallet

• If you haven't already, deposit funds into your Metamask wallet by transferring cryptocurrency from an exchange or wallet
• Click on "Deposit" or "Add Funds" in Metamask
• Select the cryptocurrency you want to deposit (e.g. ETH, BNB)
• Copy your Metamask wallet address
• Send the cryptocurrency from your exchange or wallet to your Metamask address

Step 3: Browse NFTs and Make a Purchase

• Browse the marketplace and find an NFT you want to purchase
• Click on the NFT to view its details and price
• Click "Buy Now" or "Place Bid"
• Metamask will prompt you to confirm the transaction and will display the gas fee
• Review the transaction details carefully and click "Confirm" to execute the transaction

Step 4: Receive Your NFT

• Once the transaction is confirmed, the NFT will be transferred to your Metamask wallet
• You can view your NFT in the "Assets" tab of Metamask

That's it! You have now successfully purchased an NFT with Metamask. Remember to always be cautious when making transactions and to only purchase NFTs from reputable marketplaces and sellers.

 More References that can help you install MetaMask

• "How to Install MetaMask Wallet and Use It with Ethereum dApps" by Decrypt: https://decrypt.co/resources/how-to-install-metamask-wallet-and-use-it-with-ethereum-dapps
• "How to Install MetaMask and Set Up Your First Wallet" by Coinbase: https://www.coinbase.com/learn/wallets/how-to-use-metamask
• "How to Install and Use MetaMask Wallet" by Binance Academy: https://academy.binance.com/en/articles/how-to-install-and-use-metamask-wallet
• "A Beginner’s Guide to MetaMask: How to Use it to Access Ethereum" by ConsenSys: https://consensys.net/blog/metamask/a-beginners-guide-to-metamask-how-to-use-it-to-access-ethereum/

Bitcoin (BTC)

https://bitcoin.org

Bitcoin (BTC) is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is the first and most widely used cryptocurrency, with a market capitalization that has historically been larger than all other digital assets combined. It was created in 2009 by an individual or group of individuals using the pseudonym Satoshi Nakamoto. The source code for Bitcoin was released as an open-source project, and it operates based on a proof-of-work consensus mechanism.

Ethereum (ETH)

Ethereum (ETH) is a decentralized, open-source blockchain-based platform that enables the creation of smart contracts and decentralized applications (dapps). It was proposed in 2013 by Vitalik Buterin and launched in 2015. Ethereum is the second-largest cryptocurrency by market capitalization, after Bitcoin.

The native cryptocurrency of the Ethereum network is Ether, also known as ETH. It is used to pay for transaction fees, computational services, and participation in decentralized governance. Smart contracts, which are self-executing contracts with the terms of the agreement written into code, are the core innovation of Ethereum. They enable developers to build decentralized applications that can automate various processes, from financial transactions to supply chain management.

Ethereum has its own programming language called Solidity, which is used to write smart contracts. The Ethereum Virtual Machine (EVM) is the runtime environment for smart contracts in Ethereum. The EVM is responsible for executing the code of a smart contract, and it runs on all nodes in the Ethereum network.

Ethereum's consensus mechanism is called Proof of Stake (PoS) which is different from Bitcoin's proof of work (PoW) mechanism. PoS is a more energy-efficient way of reaching consensus as it doesn't require miners to use computational power to solve complex mathematical problems.

Binance Coin (BNB)

Binance Coin (BNB) is the native cryptocurrency of the Binance platform, one of the largest cryptocurrency exchanges in the world. Binance was founded in 2017 by Changpeng Zhao, a software developer and entrepreneur with a background in finance. The Binance Coin (BNB) is an ERC-20 token built on the Ethereum blockchain, and it is used to pay for trading fees on the Binance exchange.

The Binance Coin (BNB) is also used to pay for other services on the Binance ecosystem, including the Binance Launchpad, which is a platform for launching new tokens and blockchain projects. Additionally, Binance Coin is used to access exclusive features on Binance, such as reduced trading fees, trading fee discounts, and access to new trading pairs.

The Binance Coin (BNB) has a total supply of 200 million coins and it is currently used to pay for trading fees on Binance, giving holders a discount on trading fees, as well as being able to use it for other activities on Binance ecosystem.

Binance also burns a portion of the Binance Coin (BNB) every quarter, which reduces the total supply of Binance Coin in circulation. This is designed to increase the value of Binance Coin over time.

Cardano (ADA)

Cardano (ADA) is a decentralized, open-source blockchain platform that aims to provide a more secure and sustainable infrastructure for the development of decentralized applications (dapps) and smart contracts. It was created by a team of developers led by Charles Hoskinson, one of the co-founders of Ethereum. The Cardano blockchain uses a proof-of-stake consensus mechanism called Ouroboros, which is designed to be more energy-efficient than the proof-of-work mechanism used by Bitcoin and Ethereum.

Cardano is built in two layers: a settlement layer and a control layer. The settlement layer is responsible for handling transactions and maintaining the integrity of the blockchain, while the control layer enables the execution of smart contracts and dapps. The control layer is implemented through a virtual machine called the Cardano Virtual Machine (CVM).

The native cryptocurrency of the Cardano network is ADA. It is used to pay for transactions and to participate in the network's governance. Cardano also has a treasury system, which allocates a portion of the network's funds to support the development of the platform and to fund community projects.

Cardano is also focused on being more sustainable and environmentally friendly than other blockchain platforms. It uses a highly efficient consensus algorithm (Ouroboros) which uses very less energy compared to the proof of work algorithm used by Bitcoin and Ethereum. Also, Cardano is built on a research-first approach, where the team is constantly researching and developing new ways to improve the platform.

Dogecoin (DOGE)

Dogecoin (DOGE) is a decentralized, open-source cryptocurrency that was created in 2013 as a joke, based on the popular "Doge" internet meme. Dogecoin was created by software engineers Billy Markus and Jackson Palmer. It uses a proof-of-work consensus mechanism and the Scrypt hashing algorithm, which is designed to make it difficult to mine Dogecoin using specialized mining hardware known as ASICs.

The main use case of Dogecoin is as a digital currency for online transactions, such as buying and selling goods and services. However, it has also been used to tip content creators on social media platforms, and to make donations to charitable causes.

Dogecoin has a large and active community of users and supporters, who often use the cryptocurrency to promote charitable causes and to support online content creators.

Despite its origins as a joke, Dogecoin has grown in popularity and its market capitalization has grown significantly. However, it's important to note that the value of Dogecoin is highly volatile and it is considered a high-risk investment.

XRP (XRP)

XRP (XRP) is the native cryptocurrency of the Ripple blockchain, which is a decentralized, open-source platform that enables fast and low-cost cross-border transactions. Ripple was founded in 2012 by Chris Larsen and Jed McCaleb, and it aims to provide a more efficient alternative to traditional payment systems such as SWIFT.

The Ripple blockchain uses a consensus mechanism called the Ripple Protocol Consensus Algorithm (RPCA), which is based on a network of trusted validators. Transactions on the Ripple network are confirmed in seconds, and the fees are extremely low, making it a more cost-effective option for international payments.

XRP is used to facilitate cross-border transactions on the Ripple network by acting as a bridge currency. When two parties want to make a transaction but use different currencies, XRP can be used to complete the transaction by converting the currencies in real-time.

XRP also has a total supply of 100 billion coins, out of which, around 60% of XRP is held by Ripple Lab (the company behind the Ripple blockchain) and the rest is in circulation. XRP has been used by various financial institutions and banks worldwide to facilitate cross-border transactions. However, XRP's legal status is controversial and it has faced some legal challenges in the USA, so it's important to do your own research before investing in XRP.

Solana (SOL)

Solana (SOL) is the native cryptocurrency of the Solana blockchain, which is a high-performance, decentralized, open-source platform that aims to provide a fast, secure, and scalable infrastructure for the development of decentralized applications (dApps) and decentralized finance (DeFi) applications.

Solana uses a consensus mechanism called "Proof of Stake Time" (PoST), which is designed to be more energy efficient than traditional proof-of-work mechanisms. It is designed to handle a large number of transactions per second, currently reaching a peak of 65,000 TPS.

The Solana blockchain is built on a new type of architecture called "Proof-of-History" (PoH), which uses a novel time-stamping mechanism to reduce the amount of data that needs to be verified by the network. This allows Solana to achieve high transaction speeds while maintaining a high level of security.

SOL is the native cryptocurrency of the Solana network and it is used to pay for transaction fees and to participate in the network's governance. The Solana ecosystem also includes other tokens such as Serum (SRM) and Serum-based tokens (sTokens), which are used for trading on the Serum decentralized exchange (DEX).

Solana is considered as one of the fastest blockchain in the market, and it has attracted various projects to build on its platform. However, it's important to note that the value of SOL is highly volatile and it is considered a high-risk investment.

Uniswap (UNI)

Uniswap (UNI) is a decentralized, open-source exchange (DEX) built on the Ethereum blockchain, that allows users to trade cryptocurrencies in a trustless and decentralized manner. Uniswap uses a unique liquidity provision and trading mechanism called an "automated market maker" (AMM) which uses a mathematical algorithm to set the prices of assets being traded.

Uniswap was launched in November 2018 by Hayden Adams, and it quickly gained popularity among traders and investors as it provided a decentralized alternative to centralized exchanges. Uniswap allows users to trade a wide variety of Ethereum-based tokens and it has become one of the most popular decentralized exchanges in the crypto space.

UNI is the native token of the Uniswap protocol and it has various use cases. One of its main use cases is as a governance token, which allows holders to vote on protocol upgrades and changes. Additionally, UNI can also be used to pay transaction fees on the Uniswap exchange and to earn rewards for providing liquidity to trading pairs on the platform.

It is important to note that Uniswap and other DEXs are relatively new and still in development, and as such, the value of UNI is highly volatile and it is considered a high-risk investment. Additionally, it's important to be aware of the legal status of UNI in your jurisdiction before buying it.

Litecoin (LTC)

Litecoin (LTC) is a peer-to-peer cryptocurrency and open-source software project that was created in October 2011 by Charlie Lee, a former Google engineer. Litecoin is based on the Bitcoin protocol, but it has several key differences that make it faster and cheaper to use than Bitcoin.

One of the main differences between Litecoin and Bitcoin is the algorithm that is used to process transactions. Litecoin uses a hashing algorithm called Scrypt, which is designed to be more memory-intensive than the SHA-256 algorithm used by Bitcoin. This means that Litecoin transactions can be processed more quickly and efficiently than Bitcoin transactions.

Another important difference between Litecoin and Bitcoin is the total supply of coins. While Bitcoin has a maximum supply of 21 million coins, Litecoin has a maximum supply of 84 million coins, which is four times greater than Bitcoin's.

Litecoin is also faster than Bitcoin, with a block time of 2.5 minutes compared to Bitcoin's 10 minutes. This means that Litecoin transactions are confirmed and processed much more quickly than Bitcoin transactions.

LTC is used as a digital currency and can be used to buy goods and services, or it can be held as an investment. It is widely accepted by merchants and can be easily converted to other currencies. However, like other cryptocurrencies, LTC value is highly volatile and it is considered a high-risk investment. It's important to do your own research and understand the risks before investing in Litecoin.

Bitcoin Cash (BCH)

Bitcoin Cash (BCH) is a cryptocurrency that was created in 2017 as a result of a hard fork of the Bitcoin blockchain. The primary goal of the fork was to increase the block size limit of the Bitcoin blockchain from 1MB to 8MB, in order to improve the scalability and speed of the network.

Bitcoin Cash is very similar to Bitcoin in terms of its underlying technology and features. Both currencies use the same proof-of-work consensus mechanism, and both are based on the same SHA-256 hashing algorithm. However, because of the increased block size limit, Bitcoin Cash can process more transactions per second than Bitcoin, making it a more efficient and faster network.

Bitcoin Cash also has a different monetary policy than Bitcoin, with a maximum supply of 21 million coins, similar to Bitcoin. However, it is more accessible to a broader range of people, it is cheaper to use due to lower transaction fees, and it aims to be more decentralized.

BCH is used as a digital currency and can be used to buy goods and services, or it can be held as an investment. It is widely accepted by merchants and can be easily converted to other currencies. However, like other cryptocurrencies, BCH value is highly volatile and it is considered a high-risk investment. It's important to do your own research and understand the risks before investing in Bitcoin Cash.

Polkadot (DOT)

Polkadot (DOT) is a decentralized blockchain platform that was created in 2016 by the Web3 Foundation. It aims to provide a more flexible and scalable infrastructure for the development of decentralized applications (dApps) and decentralized autonomous organizations (DAOs).

Polkadot is different from other blockchain platforms in that it supports multiple parallel chains, called "parachains," that can communicate with each other through a central relay chain. This allows for greater interoperability between different blockchain networks and enables the creation of more complex and sophisticated dApps.

Polkadot also uses a unique consensus mechanism called "proof of stake," which allows users to validate transactions and secure the network by holding and staking DOT tokens. This is different from other blockchain platforms such as Bitcoin and Ethereum, which use a "proof of work" mechanism.

The total supply of DOT is limited to 10^10 and as of now it is widely traded on major cryptocurrency exchanges and it can be used to participate in the governance of the network by voting on protocol upgrades and other important decisions.

However, like other cryptocurrencies, DOT value is highly volatile and it is considered a high-risk investment. It's important to do your own research and understand the risks before investing in Polkadot.

Chainlink (LINK)

Chainlink (LINK) is a decentralized oracle network that was created in 2017 by the Smart Contract company. It aims to provide a secure and reliable way for smart contracts on blockchain networks to access off-chain data, such as information from external APIs, data feeds, and other external systems.

Chainlink uses a network of independent, decentralized nodes that are operated by different parties to provide reliable data feeds to smart contracts. These nodes are incentivized to provide accurate and reliable data by being rewarded with the native token of the Chainlink network, called LINK.

Chainlink is compatible with multiple blockchain networks, including Ethereum, and it is used by a variety of decentralized applications in different industries, such as finance, insurance, and gaming.

The total supply of LINK is limited to 1 billion, and it is widely traded on major cryptocurrency exchanges, and it can be used to pay for the use of the oracle services provided by the Chainlink network.

However, like other cryptocurrencies, the value of LINK is highly volatile and it is considered a high-risk investment. It's important to do your own research and understand the risks before investing in Chainlink.

Stellar (XLM)

Stellar (XLM) is a decentralized blockchain platform that was created in 2014 by Jed McCaleb, one of the co-founders of the Mt. Gox cryptocurrency exchange. It aims to provide a fast and efficient way to transfer money across borders, with a focus on serving the unbanked and underbanked populations in developing countries.

Stellar's network is based on a consensus mechanism called the "Stellar Consensus Protocol," which allows for fast and efficient transactions without the need for mining. The network also has a built-in decentralized exchange (DEX) that allows users to trade different currencies, including cryptocurrencies and fiat money.

Stellar's native currency is called Lumens (XLM), and it is used to pay for transactions on the network and to access its decentralized exchange. The total supply of XLM is limited to 50 billion, and it is widely traded on major cryptocurrency exchanges.

Stellar has partnerships with several organizations, including IBM and Deloitte, to promote the use of its technology in various industries, such as finance, supply chain management, and remittances.

However, like other cryptocurrencies, the value of XLM is highly volatile and it is considered a high-risk investment. It's important to do your own research and understand the risks before investing in Stellar.

Cosmos (ATOM)

Cosmos (ATOM) is a decentralized blockchain platform that was created in 2017 by the Interchain Foundation. It aims to provide a scalable and interoperable infrastructure for the development of decentralized applications (dApps) and decentralized autonomous organizations (DAOs).

Cosmos is based on a unique consensus mechanism called "Tendermint BFT" which allows for fast and secure transactions without the need for mining. The platform is also designed to be modular and easily customizable, allowing developers to build dApps and DAOs that can interoperate with other blockchain networks.

The Cosmos network is made up of multiple independent blockchains, called "zones," that can communicate with each other through a central hub called the "Cosmos Hub." Each zone has its own native token, but all zones share the same token standard, called the "ATOM," which is used to participate in the governance of the network by voting on protocol upgrades and other important decisions.

The total supply of ATOM is limited to about 235 million, and it is widely traded on major cryptocurrency exchanges.

However, like other cryptocurrencies, the value of ATOM is highly volatile and it is considered a high-risk investment. It's important to do your own research and understand the risks before investing in Cosmos.

Monero (XMR)

Monero (XMR) is a decentralized cryptocurrency that was created in April 2014 as a fork of Bytecoin. Monero is focused on privacy and security, it uses a technique called "ring signatures" and "stealth addresses" to make transactions untraceable, and it uses the "CryptoNight" proof-of-work algorithm to provide ASIC resistance.

Monero's transactions are private by default, meaning that the sender, recipient, and transaction amount are all hidden from the public view. This makes Monero particularly attractive to users who value financial privacy.

The total supply of Monero is not capped, it increases slightly over time through a process called "tail emission" which ensures that there will always be a small amount of new Monero created, even after the block rewards become zero.

Monero is widely traded on major cryptocurrency exchanges, however, it is often not available on exchanges that comply with strict Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, because of its privacy features.

However, like other cryptocurrencies, the value of Monero is highly volatile and it is considered a high-risk investment. It's important to do your own research and understand the risks before investing in Monero.

Crypto.com Coin (CRO)

Crypto.com Coin (CRO) is the native cryptocurrency of the Crypto.com platform, a cryptocurrency exchange and financial services company. The company was founded in 2016 and is based in Hong Kong.

The Crypto.com platform offers a wide range of services, including a cryptocurrency exchange, a debit card that allows users to spend their crypto holdings as fiat currency, and a lending platform. The platform also provides a mobile wallet for storing and managing cryptocurrencies.

The Crypto.com Coin (CRO) can be used to pay for transaction fees on the Crypto.com platform, it can also be used to access exclusive features and benefits such as discounts on trading fees, higher interest rates on deposits, and cashback rewards.

CRO has a total supply of 100 billion and is widely traded on major cryptocurrency exchanges. However, like other cryptocurrencies, the value of CRO is highly volatile and it is considered a high-risk investment. It's important to do your own research and understand the risks before investing in Crypto.com Coin.

Aave (AAVE)

Aave (AAVE) is a decentralized lending platform built on the Ethereum blockchain. It allows users to borrow and lend a wide variety of cryptocurrencies, including AAVE, in a trustless and decentralized manner.

Aave uses a unique lending model called "flash loans" which allows users to borrow funds without collateral for a very short period of time, usually just a few minutes. This allows borrowers to take advantage of market opportunities without having to put up any collateral.

The Aave platform also has a governance token, AAVE, which gives holders the right to vote on proposed changes to the protocol and access to certain features such as "staking" which allows users to earn interest on their AAVE holdings.

Aave was founded in 2017 by Stani Kulechov and it is based in Switzerland.

The total supply of AAVE is capped at around 7 million and it is widely traded on major cryptocurrency exchanges. However, like other cryptocurrencies, the value of AAVE is highly volatile and it is considered a high-risk investment. It's important to do your own research and understand the risks before investing in Aave.

THETA (THETA)

THETA (THETA) is the native cryptocurrency of the Theta Network, a decentralized video delivery platform. Theta Network aims to revolutionize the way video content is delivered by leveraging the power of blockchain technology and peer-to-peer (P2P) networks.

The Theta Network uses a unique consensus mechanism called "Proof-of-Engagement" (PoE), which rewards users for sharing their spare bandwidth and resources to deliver video streams to other users. This allows for a more efficient and cost-effective video delivery system, as well as creating a decentralized network of nodes that can be used to scale the network.

THETA can be used to pay for transaction fees on the Theta Network, it can also be used to access exclusive features and benefits such as discounts on streaming fees, higher interest rates on deposits, and cashback rewards.

The Theta Network was founded in 2018 by Mitch Liu and Jieyi Long and it is based in California, USA.

The total supply of THETA is capped at 1 billion and it is widely traded on major cryptocurrency exchanges. However, like other cryptocurrencies, the value of THETA is highly volatile and it is considered a high-risk investment. It's important to do your own research and understand the risks before investing in THETA.

NEM (XEM)

NEM (XEM) is the native cryptocurrency of the NEM blockchain, a peer-to-peer cryptocurrency and blockchain platform. NEM was created as an alternative to Bitcoin and other existing blockchain platforms, with a focus on enterprise use cases and high-performance transactions.

NEM uses a unique consensus algorithm called "Proof of Importance" (PoI), which takes into account a user's overall support of the network, including their vested XEM holdings, and their overall transaction activity, to determine their "importance" to the network.

NEM can be used to pay for transaction fees on the NEM blockchain, and it can also be used to access exclusive features and benefits such as discounted fees for using certain services and access to NEM-based decentralized applications.

NEM was founded in 2015 by a group of developers who wanted to create a new and improved blockchain platform, and it is based in Singapore.

The total supply of XEM is capped at 9 billion, and it is widely traded on major cryptocurrency exchanges. However, like other cryptocurrencies, the value of XEM is highly volatile and it is considered a high-risk investment. It's important to do your own research and understand the risks before investing in NEM.

EOS (EOS)

EOS (EOS) is a decentralized blockchain platform for building decentralized applications (dApps). It is designed for high scalability and low latency, allowing for fast and efficient processing of large amounts of data.

EOS uses a consensus mechanism called Delegated Proof of Stake (DPoS) which allows for faster and more efficient processing of transactions. DPoS uses a system of token holder-voted "block producers" to validate transactions and add them to the blockchain.

EOS can be used to pay for transaction fees on the EOS network, and it can also be used to access exclusive features and benefits such as discounted fees for using certain services and access to EOS-based decentralized applications.

EOS was founded in 2017 by Dan Larimer and it is based in the United States.

The total supply of EOS is capped at 1 billion and it is widely traded on major cryptocurrency exchanges. However, like other cryptocurrencies, the value of EOS is highly volatile and it is considered a high-risk investment. It's important to do your own research and understand the risks before investing in EOS.

Hedera Hashgraph (HBAR)

Hedera Hashgraph (HBAR) is a decentralized public network that allows for the creation of decentralized applications (dApps). It is based on the Hashgraph consensus algorithm which is a type of directed acyclic graph (DAG) that allows for high throughput and low latency in distributed systems. It uses a unique form of consensus called "gossip about gossip" which allows for the network to reach a consensus on the state of the network in a fair and efficient manner. Hedera Hashgraph aims to provide an alternative to traditional blockchain platforms such as Ethereum for the creation of decentralized applications and smart contracts.

VeChain (VET)

VeChain (VET) is a blockchain platform that focuses on supply chain management and logistics. It uses a combination of blockchain technology and RFID (radio-frequency identification) to provide businesses with end-to-end visibility of their supply chain operations. This allows for improved efficiency, traceability, and security. VeChain also has its own native cryptocurrency, VET, which is used as a means of payment within the ecosystem.

Terra (LUNA)

Terra (LUNA) is a blockchain-based platform that aims to create a stable, decentralized, and efficient global financial system. It uses a family of stablecoins, called UST, that are pegged to different fiat currencies, like US Dollar, EUR, KRW, JPY and more, to provide a stable and reliable medium of exchange. The platform also uses a consensus algorithm called "Tendermint BFT", which provides fast and secure transaction processing.

Filecoin (FIL)

 Filecoin  (FIL) is a decentralized storage network that allows users to rent out unused storage space on their devices to other users in exchange for FIL tokens. It uses a Proof-of-Replication consensus mechanism, which ensures that stored data is being replicated as needed.

Avalanche (AVAX)

Avalanche (AVAX) is an open-source platform for launching decentralized finance (DeFi) applications and custom blockchain networks. It is built on the Avalanche consensus protocol, which is a blockchain protocol that allows for high throughput and low latency in distributed systems. AVAX is its native token, which is used to pay for transaction fees, and also as a governance token to vote on network upgrades and changes.

TRON (TRX)

TRON (TRX) is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology. It uses a Delegated Proof of Stake (DPoS) consensus mechanism, which allows for high throughput and low latency in the network. TRON's native cryptocurrency is TRX, which can be used to pay for transaction fees and access to the network's various dApps, as well as to vote for representatives who validate transactions on the network. The platform is also known for its emphasis on high scalability, allowing developers to create and deploy their own dApps with minimal barriers to entry.

IOTA (IOTA)

IOTA (IOTA) is a blockchain-based platform that uses a new type of consensus mechanism called Tangle. It is designed to enable machine-to-machine (M2M) transactions and is focused on the Internet of Things (IoT) market. Unlike traditional blockchain technologies, IOTA does not use blocks or miners to validate transactions. Instead, it uses a directed acyclic graph (DAG) structure, which allows for high scalability and low transaction fees. IOTA's native cryptocurrency is MIOTA, which is used to pay for transaction fees and access to the network's various dApps.

Neo (NEO) 

Neo (NEO) is a blockchain platform designed to create a smart economy by using smart contracts to automate the management of digital assets. It uses a Delegated Byzantine Fault Tolerance (DBFT) consensus mechanism, which allows for high throughput and low latency in the network. NEO's native cryptocurrency is NEO, which can be used to pay for transaction fees and access to the network's various dApps, as well as to vote for representatives who validate transactions on the network.

Algorand (ALGO)

Algorand (ALGO) is a blockchain-based platform that uses a new consensus mechanism called Pure Proof of Stake (PPoS). It is designed to enable fast and secure transactions, with a focus on decentralized finance (DeFi) applications. Algorand uses a unique mechanism to randomly select validators for each block, making it more resistant to Sybil attacks. ALGO is the native token of the Algorand blockchain, which can be used to pay for transaction fees and access to the network's various dApps.

Compound (COMP)

Compound (COMP) is a decentralized finance (DeFi) platform that allows users to borrow and lend cryptocurrencies using smart contracts. It uses a decentralized autonomous organization (DAO) governance model, where holders of the COMP token can vote on changes to the protocol. The COMP token is also used to pay for transaction fees on the Compound network.

Dash (DASH)

Dash (DASH) is a decentralized cryptocurrency that aims to provide fast and secure online transactions. It uses a two-tier architecture in which regular users perform transactions on the first tier and specialized nodes called masternodes perform advanced functions such as instant transactions and governance on the second tier. Dash uses a consensus mechanism called X11, which is a combination of 11 different hashing algorithms. It is known for its fast transaction speeds and low transaction fees.

Ethereum Classic (ETC)

Ethereum Classic (ETC) is an open-source, decentralized blockchain platform that allows for the creation of smart contracts and decentralized applications (dApps). Ethereum Classic is a fork of Ethereum and was created in 2016 after a hard fork split in the Ethereum community. It uses a Proof of Work (PoW) consensus mechanism, which is the same as Ethereum. The native token of Ethereum Classic is ETC, which is used to pay for transaction fees and access to the network's various dApps.

Ocean Protocol (OCEAN)

Ocean Protocol (OCEAN) is a decentralized data exchange platform that aims to enable secure and private sharing of data while ensuring compliance with data protection regulations. It uses a unique consensus mechanism called "Proof of Use", where data is only shared with those who demonstrate a genuine need for it. The OCEAN token is used to pay for access to data and services on the network and to govern the protocol.

Zcash (ZEC) 

Zcash (ZEC) is a decentralized cryptocurrency that uses zero-knowledge proofs to provide enhanced privacy features. Transactions on the Zcash network are not completely anonymous but rather "shielded" to protect the identity of the sender and receiver. Zcash uses a consensus mechanism called Equihash, which is a memory-hard algorithm designed to be resistant to ASIC mining.

Sushi (SUSHI)

Sushi (SUSHI) is a decentralized finance (DeFi) platform that allows users to earn interest on their cryptocurrency holdings. It uses a liquidity mining model, where users can provide liquidity to various pools and earn SUSHI tokens as a reward. The SUSHI token is also used to govern the protocol and pay for transaction fees.

yearn.finance (YFI)

yearn.finance (YFI) is a decentralized finance (DeFi) platform that uses a combination of smart contracts and algorithmic strategies to provide the best yield for users. It uses a governance model where holders of the YFI token can vote on changes to the protocol. The YFI token is also used to pay for transaction fees and access to the network's various dApps.

Reserve Rights (RSR)

Reserve Rights (RSR) is a decentralized cryptocurrency that is the native token of the Reserve Protocol. It is designed to be a stablecoin that maintains its value relative to the US dollar by using a combination of algorithmic and human-managed strategies. The RSR token is also used to govern the protocol and pay for transaction fees.

cDAI (CDAI)

cDAI (CDAI) is a decentralized finance (DeFi) platform that allows users to lend and borrow cryptocurrency using smart contracts. It is a stablecoin that is pegged to the value of the US dollar, and the cDAI token is used to pay for transaction fees and access to the network's various dApps.

UMA (UMA)

UMA (UMA) is a decentralized finance (DeFi) platform that allows users to create and trade synthetic assets. It uses a governance model where holders of the UMA token can vote on changes to the protocol. The UMA token is also used to pay for transaction fees and access to the network's various dApps.

Bancor (BNT)

Bancor (BNT) is a decentralized liquidity network that allows users to convert between different cryptocurrencies without the need for a centralized exchange. It uses a unique liquidity mechanism called "automated market making" that allows for continuous liquidity for all tokens on the network. The BNT token is used to pay for transaction fees and to govern the protocol.

renBTC (RENBTC)

renBTC (RENBTC) is a decentralized version of Bitcoin that allows users to transact on the Ethereum blockchain while maintaining the same properties as Bitcoin. This is achieved by minting a new ERC-20 token that is backed 1:1 with Bitcoin and can be redeemed for Bitcoin at any time.

Wrapped Bitcoin (WBTC)

Wrapped Bitcoin (WBTC) is a decentralized version of Bitcoin that allows users to transact on the Ethereum blockchain while maintaining the same properties as Bitcoin. This is achieved by minting a new ERC-20 token that is backed 1:1 with Bitcoin and can be redeemed for Bitcoin at any time.

Band Protocol (BAND)

Band Protocol (BAND) is a decentralized oracle network that allows smart contracts to access off-chain data. It uses a unique consensus mechanism called "Proof of Stake Oracle" where validators are chosen based on their stake in the BAND token. The BAND token is also used to pay for access to the network's oracle services and to govern the protocol.

Synthetix (SNX) 

Synthetix (SNX) is a decentralized finance (DeFi) platform that allows users to create and trade synthetic assets. It uses a unique mechanism called "minting" where users can collateralize their assets and create synthetic versions of them. The SNX token is used to pay for transaction fees and to govern the protocol.

Enjin Coin (ENJ)

Enjin Coin (ENJ) is a decentralized platform that allows for the creation and management of virtual goods. It uses a unique mechanism called "minting" where virtual goods can be minted as ERC-1155 tokens on the Ethereum blockchain. The ENJ token is used to pay for transaction fees and to access the network's various dApps.

Kyber Network (KNC)

Kyber Network (KNC) is a decentralized liquidity network that allows users to convert between different cryptocurrencies without the need for a centralized exchange. It uses a unique liquidity mechanism called "on-chain liquidity" that allows for instant conversion of tokens. The KNC token is used to pay for transaction fees and to govern the protocol.

Aion (AION)

Aion (AION) is a decentralized platform that aims to connect different blockchain networks and enable communication between them. It uses a unique consensus mechanism called "Proof of Intelligence" which rewards nodes for their participation in the network. The AION token is used to pay for transaction fees and to access the network's various dApps.

Quant (qnt)

Quant (QNT) is the native token of the Quant Network, which is an enterprise blockchain platform that aims to provide interoperability between different blockchain networks. It is the token used to access services on the Overledger Network, which is the enterprise version of the Quant Network. The QNT token is also used to govern the network and to pay for transaction fees. The Quant Network is designed to allow businesses to build and deploy decentralized applications (dApps) that can connect to multiple blockchain networks and enable communication between them.

The Graph (GRT)

The Graph (GRT) is a decentralized protocol for indexing and querying data on the Ethereum blockchain. It allows developers to build and deploy decentralized applications (dApps) that can efficiently query large amounts of data on the Ethereum blockchain. The GRT token is used to pay for access to the network's indexing and query services, and to govern the protocol.

Serum (SRM)

Serum (SRM) is the native token of the Serum decentralized exchange (DEX), which is built on the Solana blockchain. Serum uses a unique mechanism called "Serum Orderbook Pools" (SOPs) which allows for fast, low-cost trading and high liquidity. The SRM token is used for transaction fee discounts, governance, and other features on the exchange.