Hi OG's, this is a little introduction to the popular blockchain networks.

Bitcoin

The first network to utilize a unique blockchain development at the time, the Bitcoin network has no smart contracts Main token of the network: Bitcoin (BTC) Network observer: BTC.com Wallets: OKX, Bitget

Ethereum

Ethereum is a decentralized blockchain platform founded in 2014 by Vitalik Buterin. Like bitcoin, Ethereum is an open source project that has no single owner or manager. This means that anyone, anywhere can download its software and start interacting with the network.

Unlike the Bitcoin network, Ethereum's main goal is not to offer another form of currency, but to allow those who interact with the Ethereum network to create and manage smart contracts without having to find a trusted counterparty or involve intermediaries. The network's main token: Ethereum (ETH) Network observer: Etherscan Wallets: Metamask, OKX, Bitget

Binance Smart Chain

Binance Smart Chain relies on a system of 21 validators with Proof of Staked Authority (PoSA) consensus, which can support shorter blocking times and lower fees. The most connected candidate staking validators will become validators and produce blocks.

Binance Smart Chain also supports smart contracts and EVM-compatible protocols. Inter-network transfers and other types of communication are possible due to built-in support for interoperability. Main token of the network: Binance Coin (BNB) Network observer: Bscscan Wallets: Metamask

Solana

An open source blockchain designed to support scalable decentralized applications Unlike Polkadot, Ethereum, and others, Solana is a Tier 1 blockchain with no sidechains or parachains.

Solana representatives claim that their blockchain is based on the PoS (Proof of Stake) consensus algorithm. Main network token: Solana (SOL) Network observer: Solscan Wallets: Phantom, OKX, Bitget

Cardano

Cardano is the world's first decentralized platform based on scientific research and empirical data. The platform is also known as the "Ethereum killer" but never became a killer Main token of the network: Cardano (ADA) Network observer: Cardanoscan Wallets: Yoroi, Nami Wallet, OKX

Polkadot

Polkadot is perhaps the main competitor of Polygon (MATIC). Like Polygon, the Polkadot platform aims to scale the Ethereum network. The platform's ecosystem consists of subchains, also known as parachains. Polkadot's main focus is to create a network of Ethereum-compatible blockchains that can communicate with each other, exchange transactions and data. Main token of the network: Polkadot (DOT) Network observer: Polkascan Wallets: Polkadot, Bitget

Avalanche

Avalanche's smart contract execution platform.Using Avalanche's functionality, developers can create a public or private blockchain, choose the right programming language and the virtual machines, including Ethereum EVMs, with which the blockchain will interact. Avalanche consists of several blockchains, three of which make up the core network:

1. the Exchange Chain (X-Chain) is for the issuance and exchange of cryptoassets, including the Avalanche network's native token (AVAX)
2. Contract Chain (C-Chain) is compatible with Ethereum and is designed to interact with this network and perform smart contracts
3. Platform Chain (P-Chain) is designed for stacking and coordinating validators. Main token of the network: Avalanche (AVAX) Network observer: Avascan Wallets: Metamask, Avax Wallet, OKX, Bitget

Polygon

Polygon Network, formerly known as Matic, is a scalable decentralized network that provides frameworks for creating a multi-chain ecosystem of Ethereum-compatible blockchains. The Polygon platform is based on Ethereum Main network token: Polygon (Matic) Network observer: Polygonscan Wallets: Metamask, OKX, Bitget

Tron

Tron is a blockchain with its own developed ecosystem, but with more bandwidth The Tron project launched its blockchain in 2018, which was one of the first alternatives to Ethereum. USDT steibcoin issuer Tether issued the first coins on this chane in 2019. The network's main token: Tron (TRON) Network observer: Tronscan Wallets: Tronlink, OKX, Bitget

#bitcoin #ethereum #solana #bnb #bsc #cardano #polkadot #avalanche #polygon #tron

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