Crypto Descriptions for Beginners (PART 2)
Salut, tout le monde!
This post is a continuation of my previous post, featuring simplified descriptions of the top 20 cryptocurrencies (take a look here if you missed it). Next up are the top 15 tokens. If you have feedback on these descriptions or any corrections you would like to contribute, reply below and I will incorporate the feedback.
1. EOS (EOS)
EOS is a smart contract-enabled platform for hosting decentralized applications. The EOS token has its own blockchain, and smart contracts and transactions are offered in parallel, rather than sequentially.
2. TRON (TRX)
TRON is a decentralized smart contract platform that connects entertainment creators to users without a middleman. The primary goal of the platform is to make entertainment universally accessible without using companies like YouTube, Apple, or Google. TRON supports Bitcoin and other blockchains.
3. Tether (USDT)
Tether is a digital currency offering a 1-1 exchange rate with fiat currency. The company states that Tether coins are backed by real money, but that information has not been verified with publicly-released bank audits, so proceed with caution.
4. VeChain (VEN)
VeChain is an inventory tracking system and business platform focused on improving the business ecosystem using gateway services, third-party cooperation services, and distributed data storage.
5. ICON (ICX)
ICON is a platform for decentralized applications, focused on building blockchain communities. ICON partners with real-world communities such as banks, universities, and hospitals.
6. OmiseGO (OMG)
OmiseGO is an open-source, peer-to-peer cryptocurrency that enables real-time, decentralized exchanges for fiat and cryptocurrencies. OmiseGO is aiming to make financial services available to everyone, even if they don’t have a bank account.
7. Binance Coin (BNB)
Binance (short for Binary Finance) is a Chinese digital exchange focused on processing speeds and liquidity. Users receive discounts for paying with the Binance Coin.
8. DigixDAO (DGD)
DigixDAO is a marketplace for Gold Bullion. With DigixDAO, gold can be purchased on Ethereum with Ether, Litecoins, Bitcoins, and Dogecoins.
9. Populous (PPT)
Populous is a platform aiming to connect business owners and buyers, bypassing middlemen. Populous provides an environment for investors and sellers to trade invoices globally.
10. Maker (MKR)
Maker is an Ethereum-based smart contract platform that stabilizes the value of Dai through Collateralized Debt Positions, autonomous feedback mechanisms, and incentivized external actors.
11. RChain (RHOC)
RChain is a blockchain applications platform that provides high transaction speeds, scalability, and smart contract support on independent networks and blockchains (when necessary). RChain is powered by the Rho Virtual Machine.
12. Aeternity (AE)
Aeternity is a smart contract platform created to solve blockchain speed and governance issues, while also processing transactions off the blockchain. The blockchain is used to choose a winner in disputes.
13. Status (SNT)
Status is a browser and messaging platform that provides a user-friendly interface for Ethereum applications.
14. Augur (REP)
Augur is a platform for forecasting and making wagers on decentralized predictions (real-world events). Augur uses predictions for their “wisdom of the crowd” search engine.
15. Bytom (BTM)
Bytom is an interactive protocol that uses blockchain technology to allow smart contracts and digital data/assets to interact with each other. Bytom aims to bridge the gap between digital and real-world information.
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STOPHi there
Thx for another list. Valuable stuff.
How have you been doing lately? Thanks for engaging with my posts lately. I appreciate.
Im trying to build a group of like-minded people and I would like to keep in touch with you and support each other on steemit.
So since we were already following each other, then please let me suggest reading this post:
https://steemit.com/contest/@mslifesteem/6-contests-to-follow-to-grow-from-minnow-to-dolphin
For many new players those kind of contests are great way to start.
Take care, Piotr
Sorry for 2 separate posts in one topic.
I just noticed that you still really have very little steam power. Try to consider powering up.
I've been following many new members of this community and @achim303 wrote today quite a good post which would explain "Why do we need steem power?"
https://steemit.com/steemit/@achim03/my-first-progress-report-about-steemit
How to purchase steem power (old article but still valuable):
https://steemit.com/steemit/@oaldamster/how-to-buy-steem-power-the-quick-and-easy-way
Hope you're gonna have a good weekend :)
Cheers, Piotr
Hi @crypto.piotr! All of these descriptions are now featured on the subpages of coins within my company's app, Kyro. Check it out! kyro.com :)
i'm very sorry for such a late reply. have been away for several days but Im back now :)
just wanted to thank you for your previous comment