In view of the volatile nature of cryptocurrencies, prominent coins like Bitcoin, Ethereum, Uniswap, Binance Coin, Toncoin are taking the lead in decentralized finance. These digital currencies provide excellent opportunities for investors who wish to capture growth and innovation even when the market slows down.
Bitcoin (BTC): The Pioneer of Decentralized Currency
Current price:$54,315.68
Market cap:$1.07T
Bitcoin was introduced in 2009 controlled by organizational structure, this coin allows users to exchange directly without help from any no negotiator. Bitcoin is mostly used to store value and as a means of payment. This system uses its own trust ledger called blockchain and has become a trend setter in the creation of newer coins.
Ethereum: Powering Smart Contracts & DApps
Current price: $2,282.68
Market cap:274.6B
Ethereum, launched in 2015, enables developers to run smart contracts and decentralized apps.. It is built to handle complex programs and automate record-keeping tasks. Ether (ETH) is the built-in currency of the Ethereum network which is used to conduct operations that can be associated with transaction fees and to render computing services within the network.
Uniswap (UNI): Revolutionizing Decentralized Trading
Current price:$6.46
Market cap:$3.8B
Launched in 2018, Uniswap is a protocol for exchanging cryptocurrency focusing on DeFi token exchange through an AMM less third party CEX protocol which takes permission to trade instead of request it. This allows users to swap tokens without sending them to exchanges as liquidity providers through smart contracts. The UNI which was launched in 2020 was designed for governance purposes of the protocol.
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Binance Coin (BNB): Fueling the World’s Largest Crypto Exchange
Current price:$494.76
Market cap:$72.1B
Binance coin(BNB) utility tokens with a multi-dimensional use. BNB conducted in 2017 was used primarily as the means of payment . Over the years, the use of this token has evolved to cover a growing number of features within the Binance ecosystem including Binance Chain, Binance Smart Chain, et al. BNB comes with elaborate advantages such as discounts on trading fees and offers for participating in sales of tokens.
Toncoin (TON): Building on The Open Network
Current price:$4.63
Market cap:$11.7B
Toncoin is the official money of the Telegram Open Network (TON), which was created by the Telegram team. One of the aims of the TON is to develop a fast and scalable block chain which will function as a part of the backbone of the Telecommunications Company Telegram. Users of the TON ecosystem use Toncoin to pay for services and execute smart contracts within the TON environment. The goal is to make possible many varied types of decentralized systems.
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