Similarity between ETH, Bitcoin, Solana, and Islamic Coin ๐ฏ
They are all crypto assets that operate on top of a decentralized blockchain network. They also have their own tokens or coins that are used to pay for transactions or network fees. However, they also have significant differences, both in terms of technique and purpose.
ETH is the digital currency of the Ethereum platform, which is an open platform for programming smart contracts and decentralized applications (DApps). Ethereum uses a Proof of Work (PoW) consensus algorithm that requires large computing power to validate transactions.
Bitcoin is the world's first and most popular digital currency, created by Satoshi Nakamoto in 2009. Bitcoin also uses the PoW consensus algorithm, which makes it secure but also slow and expensive to transact. Bitcoin has a limited supply, namely 21 million coins.
Solana is a decentralized blockchain-based computing platform that uses SOL as its native token. Solana was developed from the ground up using a new consensus algorithm called Proof of History (PoH) that promises to take network speed and scalability to new levels, potentially capable of processing tens of thousands of transactions per second (tps).
Islamic Coin is the native token of Haqq, which is a PoS blockchain that operates on top of the Cosmos network via the EVMOS protocol. Haqq claims to be a blockchain created in accordance with Islamic sharia, meaning that its tokens are halal and conform to the basic principles that guide Islamic life and law. Islamic Coin was designed with the aim of providing Muslims around the world with an instrument through which they can participate in the digital economy. Islamic Coin is also optimistic that its project can grow like Bitcoin and reach a value of US$1 trillion.
#HAQQ #ISLM #BinanceTournament #BinanceCEO $BTC $ETH $SOL $ISLM
They are all crypto assets that operate on top of a decentralized blockchain network. They also have their own tokens or coins that are used to pay for transactions or network fees. However, they also have significant differences, both in terms of technique and purpose.
ETH is the digital currency of the Ethereum platform, which is an open platform for programming smart contracts and decentralized applications (DApps). Ethereum uses a Proof of Work (PoW) consensus algorithm that requires large computing power to validate transactions.
Bitcoin is the world's first and most popular digital currency, created by Satoshi Nakamoto in 2009. Bitcoin also uses the PoW consensus algorithm, which makes it secure but also slow and expensive to transact. Bitcoin has a limited supply, namely 21 million coins.
Solana is a decentralized blockchain-based computing platform that uses SOL as its native token. Solana was developed from the ground up using a new consensus algorithm called Proof of History (PoH) that promises to take network speed and scalability to new levels, potentially capable of processing tens of thousands of transactions per second (tps).
Islamic Coin is the native token of Haqq, which is a PoS blockchain that operates on top of the Cosmos network via the EVMOS protocol. Haqq claims to be a blockchain created in accordance with Islamic sharia, meaning that its tokens are halal and conform to the basic principles that guide Islamic life and law. Islamic Coin was designed with the aim of providing Muslims around the world with an instrument through which they can participate in the digital economy. Islamic Coin is also optimistic that its project can grow like Bitcoin and reach a value of US$1 trillion.
#HAQQ #ISLM #BinanceTournament #BinanceCEO $BTC $ETH $SOL $ISLM
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BTC
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121.47
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JTO
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