How do I use crypto currency
Which cryptocurrencies are supported?
You can buy Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Stellar (XLM), EOS (EOS), OMG Network (OMG), 0x (ZRX), Tezos (XTZ), Bancor (BNT), Cardano (ADA), Filecoin (FIL), Loopring (LRC), Numerai (Numerai), Orchid (OXT), Synthetix (SNX), The Graph (GRT), Universal Market Access (UMA ), Uniswap (UNI), and Yearn Finance (YFI) buy and sell.
Bitcoin (BTC) is a digital currency used for fast, secure and inexpensive payments without the need for a central issuer or payment processor. It is the first decentralized currency introduced in 2009.
Bitcoin Cash (BCH) is the result of a hard fork following a dispute within the BTC community and its miners over scalability and transaction speed. BCH is completely independent of BTC and has larger block sizes, which means that more transactions can be processed in less time.
Ethereum (ETH) is a software platform that is not controlled by a central authority. The main purpose is to enable “smart contracts” without the possibility of downtime, fraud or disruption by third parties.
Litecoin (LTC) is an alternative cryptocurrency and is similar to BCH. It is a fully decentralized, global, open source and peer-to-peer payments network. LTC acts as a software “blockchain” in which the nodes involved process the transaction and the miners provide security and verification for each transaction.
Ripple (XRP) is an open source technology that was developed for companies and is based on the principles of blockchain. The main purpose of Ripple is to move assets around the world almost instantly while maintaining centralized control.
Stellar (XLM) is an open source network for currencies and payments. Stellar makes it possible to create, send and trade digital representations of all forms of money - dollars, pesos, bitcoin, just about anything. It is designed so that all of the world's financial systems can work together on a single network.
EOS is a blockchain-based system that enables the development, hosting and execution of decentralized applications (so-called "dApps") on its platform. EOS focuses on critical problem areas of the blockchain and tries to solve the problem of speed, scalability and flexibility that often becomes a bottleneck for dApps.
OMG (OMG Network) is used to integrate multiple electronic purses (wallets) with the OmiseGo blockchain. OmiseGo believes that over time, as more e-wallet providers are added to the network and more of the crypto assets they issue can be exchanged on a blockchain, it will be able to provide banking services to those who are dated Financial system were excluded. This means that every time you use an OmiseGo contract, you have to pay in OMG, which is then distributed to nodes on the network that enforce contracts according to the rules.
ZRX (0x) is one of the most famous "decentralized exchanges" (as opposed to a "centralized exchange" like Coinbase). 0x enables developers to create their own cryptocurrency exchanges. The company's founder calls his solution the “Craigslist for cryptocurrencies”, as every developer can create his own cryptocurrency exchange and publish it online. The 0x coin is an ERC-20 token that provides a platform that supports all tokens issued using the Ethereum blockchain.
XTZ (Tezos), also called a Tez or a Tezzie, runs on the Tezos blockchain network. Tezos is not based on Tez mining. Instead, token holders receive a reward for participating in the proof-of-stake consensus mechanism. The term “Tezos” is ancient Greek for “intelligent contract”, according to the developers.
Bancor (BNT) is an Ethereum token that powers the Bancor protocol. The protocol aims to allow crypto assets that have traditionally been difficult to trade due to low liquidity to be exchanged directly on-chain. Bancor aims to do this by enabling automatic pricing and an autonomous liquidity mechanism for tokens on smart contract blockchains.
Cardano (ADA) is the token that powers the Cardano blockchain, which is based on a proof-of-stake consensus model called Ouroboros. Cardano validates blockchain transactions without high energy costs.
Filecoin (FIL) is the native protocol token of the Filecoin network. Filecoin is a decentralized storage network that aims to allow anyone to host, store or receive digital information. Filecoin is turning cloud storage into a market and allowing users to sell their excess storage on an open platform.
Loop ring (LRC) is an Ethereum token that supports the loopring protocol. The protocol is a collection of smart Ethereum contracts that describe how to build highly secure, highly scalable, orderbook-based decentralized exchanges, automated market makers, and payment applications. The aim of Loopring is to promote decentralization and to reduce users' dependence on traditionally centralized services such as exchanges and to enable global liquid markets.
Numerai (Numerai) is a hedge fund that describes itself as "the toughest data science tournament on the planet," with rewards that are paid out in NMR, an Ethereum token. The aim of the tournament is to create powerful data models that Numerai can use to increase its investment returns.
Orchid (OXT) is an Ethereum token that powers the Orchid network. Orchid is focused on enabling a decentralized virtual private network (VPN). Users who want to use the network to maintain their privacy while using the internet can use OXT to buy bandwidth from sellers listed in a provider directory stored on a smart Ethereum contract.
Synthetix (SNX) is a decentralized synthetic asset issuance protocol based on Ethereum. These synthetic assets are backed by the Synthetix Network Token, SNX, an Ethereum token that enables the issuance of synthetic assets known as synths. Synths can be used to map real currencies, raw materials, stocks and indices directly on the blockchain.
The Graph (GRT) is the Ethereum token that supports the Graph Network, a query indexing protocol that allows users to efficiently query blockchain data without relying on a centralized service provider. Similar to how Google indexes the web, The Graph indexes blockchain data.
Universal Market Access (UMA) is a platform for financial contracts and an Ethereum token designed to enable universal market access on Ethereum. The platform focuses on “priceless” financial contract templates (contracts that do not require an on-chain price feed feature) that can be used to create synthetic tokens and the Data Verification Mechanism (DVM), an optimistic oracle service . Together, these two technologies enable the creation of fast, efficient and secure synthetic derivatives on the Ethereum blockchain.
Uniswap (UNI) is an Ethereum token that enables Uniswap, an exchange that allows users to easily trade various Ethereum assets in a decentralized manner, and uses an automated market making system rather than a traditional order book.
Yearn Finance (YFI) is an Ethereum token that manages the Yearn Finance platform. Yearn Finance is a suite of products that provides credit aggregation, income generation and insurance on the Ethereum blockchain. The log is maintained by various independent developers and is administered by YFI owners.
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