Bitcoin, Etheraeum, TON Coin  Most Popular Cryptocurrency Explained  Blum Academy #blum #crypto #airdrop #bitcoin - video Dailymotion

Bitcoin, Etheraeum, TON Coin  Most Popular Cryptocurrency Explained  Blum Academy #blum #crypto #airdrop #bitcoin

Transcript

00:00Welcome to the channel. Today we're diving into the fascinating world of popular cryptocurrencies,

00:08Bitcoin, Ethereum, and Torn Crystal. Understanding these key cryptocurrencies is essential for

00:13anyone interested in the crypto market. Let's break down their features, uses, and future

00:17prospects.

00:18First up, Bitcoin, the pioneer of cryptocurrencies. Launched in 2009, Bitcoin introduced the concept

00:24of a decentralized digital currency. Bitcoin is known for its decentralized nature, limited

00:28supply of 21 million coins, and use of proof of work, POW, for security. It's used as a

00:34store of value, a medium of exchange, and a hedge against inflation. Major companies

00:38and investors have adopted Bitcoin, boosting its legitimacy.

00:42Fun fact, the first Bitcoin block, known as the Genesis Block, was mined by its mysterious

00:46creator Satoshi Nakamoto. Today, Bitcoin is often referred to as digital gold.

00:51Next, let's talk about Ethereum. Launched in 2015 by Vitalik Buterin, Ethereum brought

00:56smart contracts and decentralized applications, dApps, to the forefront.

01:01Ethereum's unique feature is its support for smart contracts, which are self-executing

01:05contracts with the terms directly written into code. It uses the Ethereum Virtual Machine,

01:10EVM, to execute these contracts.

01:13Ethereum transitioned from Proof-of-Work, POW, to Proof-of-Stake, POS, on September

01:1815, 2022, in an event known as The Merge. This transition aimed to improve scalability,

01:25security, and energy efficiency.

01:27Use cases include decentralized finance, DeFi, where users can lend, borrow, and earn interest

01:32without intermediaries, and non-fungible tokens, NFTs, which represent ownership of unique

01:38digital assets.

01:39Now, let's look at TonCrystal, a cryptocurrency that emerged from the Telegram Open Network

01:43project. TonCrystal aims to offer fast transactions and high scalability.

01:48TonCrystal uses Proof-of-Stake, POS, and supports decentralized applications, decentralized

01:53storage, TonStorage, and decentralized websites, TonSites. Although the original Telegram project

01:58faced legal challenges, the open-source community continued its development.

02:03TonCrystal is integrated with the Telegram ecosystem, enhancing its utility. Interesting

02:07fact, TonCrystal's development was spearheaded by Telegram's team, but now it thrives thanks

02:11to a dedicated community of developers.

02:14Looking ahead, the future of these cryptocurrencies includes advancements in technology, increased

02:19adoption, and regulatory developments that will shape their trajectories.

02:23To get started with these cryptocurrencies, visit their official websites and explore

02:27the services they offer. The future of finance is here.

02:30Thanks for watching. Don't forget to like, subscribe, and hit the bell icon for more

02:33crypto insights. See you next time.