Bitcoin (BTC) is the coin with the largest market cap and the most well-known cryptocurrency, but as a responsible investor, you need to diversify your investment portfolio. To do this, you need to buy altcoins in the cryptocurrency world. You can reduce your overall risk by opening your cryptocurrency portfolio to various coin and cryptocurrency sectors such as Decentralized Finance (DeFi) or GameFi. So, if the value of Bitcoin falls, you can offset some of your losses with other cryptocurrency investments.
Some blockchains allow users to create their own projects, tokens and interoperable blockchains. Ethereum is one of the most popular and popular platforms, but other platforms have followed suit, providing the infrastructure for new innovative projects.
Ether is the native token of the Ethereum platform created in 2015 by Vitalik Buterin and his team of co-founders. Ethereum has become a huge technological breakthrough in the cryptocurrency ecosystem and is known as the first second-generation blockchain.
He took the principles of decentralizing Bitcoin and made it more usable with programmable code. These scripts, known as smart contracts, are automatically executed and executed according to a set of developer rules. It is also immutable, so once the developer has deployed it to the blockchain, it cannot be changed.
You can also put Ether as part of a plan to upgrade Ether to Ether 2.0 in exchange for receiving Ether. However, once you place a bet, your Ether will be locked until Ethereum 2.0 is released in about two years. Ether also has no supply limit, but transaction fees are burned by a deflation mechanism.
SOL is the native token of the Solana blockchain launched in March 2020. Solana focuses on scalability and uses a new consensus mechanism called Proof of History. Proof of history replaces block timestamps and uses a hash function instead to measure time. This mechanism significantly speeds up the network. Solana also has smart contract capabilities.
SOL serves as a utility token to pay for transactions or gas fees when users interact with smart contracts. The network burns a full percentage of each transaction fee as a deflationary measure. The blockchain will issue a total of 489 million SOL tokens. You can also become a network validator if you own SOL and participate in the proof-of-stake consensus mechanism. Validators and stakers receive SOL tokens for adding new transactions to blocks.
DYdX: A very simple theoretical design that attracts funds transferred from centralized exchanges and currently belongs to the most profitable DEX derivatives.
JOE: One of the leading manufacturers of High Quality Automatic Machines (AMM). The market value will be close to UNI & SUSHI soon.
OSMO: It looks like a small and unknown project, but it works well as Cosmos' main AMM. The more people know about IBC, the more they should use it.