Upfolio 100 Coins Explained: Summary Of Cryptocurrencies?
If you are interested in crypto coin trading, you will also need to understand what each coin really does. As you may well know by now, all crypto coins run on the blockchain. However, this blockchain can be tweaked to meet the individual needs of consumers. Thus, it will be up to you to determine which coin to purchase based on your research.
What Coins You Will Find On Upfolio
The most popular coin in the world today is Bitcoin. It also happens to hold the biggest market share in the crypto-coin world. However, it is not the only coin around. There are many other coins, which offer various features not possible with Bitcoin.
For instance, while bitcoin is primarily designed as a means of payment, there are others, which run on a blockchain that can help enhance storage. Besides that, others are designed to be used for the gambling sector, for identity purposes, governance, and even the decentralized web.
On 100 Coins Explained on Upfolio, you will find about 20 categories of coins and over 100 coins listed here and explained. The aim of the guide is to enable you to understand what kind of coin you will be investing in. With coins being released almost on a daily basis globally, it can be a bit confusing to understand them. The site thus strives to use simple language that any beginner can understand.
Some Of The Coin Categories And Coins Listed
Here is just a glimpse of what you can expect to find on 100 Coins Explained. They are many but here is a sample of some of the most interesting coins you will find listed on this site.
The Data And Storage Category
One of the coins in this Category is the coin Cardano (ADA). The coin powers the Cardano blockchain, which is built as an open source project. The aim is to develop a smart contract platform that aims to deliver more features than any other protocol has been able to deliver before. It holds the record for being the first blockchain powered platform that evolved from a research-driven approach and scientific philosophy.
The Digital Identity Category
In the modern world of hackers, being able to have an immutable way to store your digital identity is important. One of the blockchains that are pursuing this is NEO. The developers of this project also have an interest in digital assets. On their platform, people will be able to buy and sell digital assets with the aid of smart contracts. However, if you want to gain legal protection, you will need a digital identity. That is why the company is also working on digital identity powered by blockchain.
NEO understand the needs of digital identity in authenticating the owners of a digital asset. That is why they plan to implement the PKI X.509 standard. With this system in place, users connected to their digital assets can enjoy legal protection when things do not work out. These are just a few of the coins found on this platform. You should visit it yourself to learn more about various coins.