Popular Cryptocurrencies Explained

In this blog post, you will understand the meaning of some common crypto currency abbreviations and how they are related to each other.

Popular Cryptocurrencies That Can Be Used at Willis Casino

BTC

 

BTC-Bitcoin, the first and most popular decentralized digital currency that runs on a peer-to-peer network.

 

 

ETH

 

ETH- Ethereum, a platform that allows smart contracts and decentralized applications to run on its blockchain. It also has its own native currency called Ether.

 

 

LTC 

 

LTC-Litecoin, a fork of Bitcoin that aims to be faster and cheaper to use.

 

 

 

DASH

 

Dash, a fork of Litecoin that focuses on privacy and instant transactions.

 

 

BCH

 

BCH-Bitcoin Cash, a fork of Bitcoin that increased the block size limit to allow more transactions per second.

 

 

XMR

 

XMR-Monero, a privacy-oriented crypto currency that uses ring signatures and stealth addresses to hide the identity of its users and transactions.

 

 

XRP

 

XRP-Ripple, a payment network that connects banks and other financial institutions and uses its own currency called XRP to facilitate cross-border transfers.

 

 

DOGE

 

DOGE–Dogecoin, a meme-inspired crypto currency that features a Shiba Inu dog as its logo and has a loyal community of fans.

 

 

ZEC

 

ZEC – Zcash, a fork of Bitcoin that uses zero knowledge proofs to enable anonymous transactions.

 

 

XLM

 

XLM – Stellar, a platform that aims to connect people, payment systems and banks around the world and uses its own currency called Lumens to power its network.

 

 

TRX

 

TRX-Tron, a platform that supports decentralized content creation and distribution and uses its own currency called Tronix to reward its users and developers.

 

 

BNB-BSC

 

BNB-BSC: Binance Coin, the native currency of Binance Smart Chain, a blockchain that runs parallel to Binance Chain and supports smart contracts and decentralized applications.

 

 

USDC-ETH

 

USDC-ETH- USD Coin, a stablecoin that is pegged to the US dollar and runs on the Ethereum blockchain.

 

 

USDT-ETH

 

USDT-ETH: Tether, another stablecoin that is pegged to the US dollar and runs on the Ethereum blockchain.

 

 

USDP-ETH

 

USDP-ETH: Paxos Standard, yet another stablecoin that is pegged to the US dollar and runs on the Ethereum blockchain.

 

 

BNB-DEX

 

 

BNB-DEX: Binance Coin, the native currency of Binance Chain, a blockchain that powers Binance DEX, a decentralized exchange for trading crypto currencies.

 

 

BUSDT-BSC

 

BUSD-BSC: Binance USD, a stablecoin that is pegged to the US dollar and runs on both Binance Chain and Binance Smart Chain.

 

 

DAI-ETH

 

DAI-ETH: Dai, a stablecoin that is backed by collateralized debt positions and runs on the Ethereum blockchain.

 

 

LINK-ETH

 

LINK-ETH: Chainlink, a decentralized oracle network that provides real-world data to smart contracts on the Ethereum blockchain. It has its own token called LINK to pay for its services.

 

 

DAI-BSC

 

DAI-BSC: Dai, a stablecoin that is backed by collateralized debt positions and runs on Binance Smart Chain.

 

 

USDC-BSC

 

USDC-BSC: USD Coin, a stablecoin that is pegged to the US dollar and runs on Binance Smart Chain.

 

 

USDP-BSC

 

USDP-BSC: Paxos Standard, yet another stablecoin that is pegged to the US dollar and runs on Binance Smart Chain.

 

 

BAND-ETH

 

BAND-ETH-Band Protocol, a decentralized oracle network that provides real-world data to smart contracts on various blockchains. It has its own token called BAND to pay for its services.

 

 

COMP-ETH

 

COMP-ETH: Compound, a decentralized lending platform that allows users to borrow and lend crypto currencies on the Ethereum blockchain. It has its own governance token called COMP to vote on protocol changes.

 

MANA-ETH

 

MANA-ETH: Decentraland, a virtual reality platform that allows users to create and explore digital worlds on the Ethereum blockchain. It has its own currency called MANA to buy land and items on the platform.

 

LRCETH

 

LRCETH: Loopring, a protocol that enables fast and cheap decentralized exchanges on the Ethereum blockchain. It has its own token called LRC to pay for transaction fees and participate in governance.

 

SNX-ETH

 

SNX-ETH: Synthetix, a platform that allows users to create and trade synthetic assets on the Ethereum blockchain. It has its own token called SNX to mint new assets and stake for rewards.

 

 

UNI-ETH

 

UNI-ETH: Uniswap, a decentralized exchange protocol that allows users to swap any ERC20 tokens on the Ethereum blockchain. It has its own governance token called UNI to vote on protocol changes and earn fees.

 

BAND-BSC

 

BAND-BSC: Band Protocol, a decentralized oracle network that provides realworld data to smart contracts on various blockchains. It has its own token called BAND to pay for its services.

 

 

BAT-BSC

 

BAT-BSC: Basic Attention Token, a token that rewards users and publishers for their attention on the Brave browser, which runs on both Ethereum and Binance Smart Chain.

 

 

LINK-BSC

 

LINK-BSC: Chainlink, a decentralized oracle network that provides realworld data to smart contracts on various blockchains. It has its own token called LINK to pay for its services.

 

 

MKR-BSC 

 

MKR-BSC: Maker, a platform that allows users to create and manage the Dai stablecoin, which runs on both Ethereum and Binance Smart Chain. It has its own governance token called MKR to vote on protocol changes and risk parameters.

 

SUSHI-BSC

 

SUSHI-BSC: SushiSwap, a decentralized exchange protocol that allows users to swap any ERC20 tokens on various blockchains. It has its own governance token called SUSHI to vote on protocol changes and earn fees.

 

SNX-BSC

 

SNX-BSC: Synthetix, a platform that allows users to create and trade synthetic assets on various blockchains. It has its own token called SNX to mint new assets and stake for rewards.

 

 

UNI-BSC

 

UNI-BSC: Uniswap, a decentralized exchange protocol that allows users to swap any ERC20 tokens on various blockchains. It has its own governance token called UNI to vote on protocol changes and earn fees.

 

 

YFI-BSC

 

YFI-BSC: Yearn.finance, a platform that allows users to optimize their yield farming strategies on various blockchains. It has its own governance token called YFI to vote on protocol changes and access exclusive features.

 

USDC-TRX

 

USDC-TRX: USD Coin, a stablecoin that is pegged to the US dollar and runs on the Tron blockchain.

 

 

USDT-TRX

 

USDT-TRX: Tether, another stablecoin that is pegged to the US dollar and runs on the Tron blockchain.

 

 

YFI-ETH

 

YFI-ETH: Yearn.finance, a platform that allows users to optimize their yield farming strategies on the Ethereum blockchain. It has its own governance token called YFI to vote on protocol changes and access exclusive features.

 

MKR-ETH

 

MKR-ETH: Maker, a platform that allows users to create and manage the Dai stablecoin, which runs on the Ethereum blockchain. It has its own governance token called MKR to vote on protocol changes and risk parameters.

 

ZRX-ETH

 

ZRX-ETH: 0x, a protocol that enables peer-to-peer exchange of any ERC20 tokens on the Ethereum blockchain. It has its own token called ZRX to pay for transaction fees and participate in governance.

 

 

BAT-ETH

 

BAT-ETH: Basic Attention Token, a token that rewards users and publishers for their attention on the Brave browser, which runs on the Ethereum blockchain.

 

 

REN-ETH

 

REN-ETH: Ren, a protocol that allows cross-chain interoperability of any crypto currency on the Ethereum blockchain. It has its own token called REN to bond as collateral and earn fees.

 

 

SUSHI-ETH

 

SUSHI-ETH: SushiSwap, a decentralized exchange protocol that allows users to swap any ERC20 tokens on the Ethereum blockchain. It has its own governance token called SUSHI to vote on protocol changes and earn fees.

 

 

GRT-ETH

 

GRT-ETH: The Graph, a decentralized protocol that indexes and queries data from blockchains using GraphQL. It has its own token called GRT to pay for query fees and stake for rewards.

 

 

AAVE-ETH

 

AAVE-ETH: Aave, a decentralized lending platform that allows users to borrow and lend crypto currencies on the Ethereum blockchain. It has its own governance token called AAVE to vote on protocol changes and earn fees.

 

MATIC-ETH

 

MATIC-ETH: Polygon, a layer 2 scaling solution that aims to provide faster and cheaper transactions on the Ethereum blockchain. It has its own token called MATIC to pay for transaction fees and stake for security.

 

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We hope this blog post helped you understand some of the most popular crypto currencies in the market today. If you have any questions or feedback, please leave them in the comments section below.