Ethereum (ETH) is an open-source distributed blockchain that has smart contract functionality. It operates as a decentralized virtual machine which can run decentralized applications (dapps) and be used to transfer ether between different nodes. The Ethereum blockchain was the first smart contract platform and is still the largest to date.

Algorand is a blockchain project with the aim of creating a transparent system in which everyone can achieve success through decentralized projects and applications. The Algorand Foundation provides serious support to developers in launching and developing applications on the network. The main feature of this project is the open source blockchain. Algorand’s consensus mechanism promotes the performance, security and openness of a decentralized network. Algorand competes with well-known financial institutions and payment systems.

Avalanche is an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services. It aims to be something of a global assets exchange, allowing anyone to launch or trade any form of asset and control it in a decentralized manner using smart contracts and other cutting-edge technologies.

Cardano is a blockchain developed by the company IOHK. The team is led by former Ethereum veteran Charles Hoskinson and strives to be the next generation blockchain project. Cardano aims to become a fully fledged smartcontract platform with a library of protocols that developers can use to build decentralized apps.

Dogecoin (DOGE) is based on the popular “doge” internet meme and has a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus of Portland, Oregon and Jackson Palmer of Sydney, Australia, and forked from Litecoin in December 2013. The creators of Dogecoin saw it as a parody of the serious approach to cryptocurrency by Bitcoin’s very technical audience at the time, and thought it all needed to be a bit more fun. The joke caught on and the coin is now known and loved worldwide. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite and other famous people are also happy to help promote this coin and the memes.

Hedera Hashgraph is built on a new type of distributed ledger technology known as a Hashgraph. This technology enables many blockchain-based alternatives to improve in several key areas, including speed, cost, and scalability. The Hedera Hashgraph feeds cryptocurrencies, smart contracts, and DApps. Hedera’s board of directors includes representatives from Google, Deutsche Telekom, Ubisoft, Chainlink labs, and several banks.

Litecoin (LTC) was created in October 2011 and is one of the oldest cryptocurrencies after BTC. LTC is based on the Bitcoin protocol, and shares much of the code, but distinguishes itself by shorter block times of about 2.5 minutes. This allows LTC transactions to be processed 4x faster.

Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.

Stellar Lumens (XLM) is a cryptoplatform designed to enable fast and secure value transfer at low cost. It is intended for both individuals and companies such as banks. Stellar can handle exchanges between fiat-based currencies and between cryptocurrencies and aims to be an open financial system to give all people access to low-cost financial services.

UNI is a governance token for Uniswap, which is an automated liquidity protocol built on the Ethereum blockchain. UNI tokens exist as ERC-20 tokens on Ethereum, and allow holders to influence the direction of the Uniswap project. UNI holders have ownership of Uniswap’s governance process, the UNI community treasury, the protocol’s fee switch, and more.