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