What is SolanaEcosystem
Solana( SOL) is an open root project that implements a high-performance, permissionless blockchain. Anatoly Yakovenko, a former Dropbox engineer, pioneered Solana back in 2017, in partnership with Greg Fitzgerald and Eric Williams. The fourth generation blockchain is intended to provide” the open infrastructure required for global approval”, according to the developers behind the project.
Yakovenko intended to create a highly scalable blockchain stage, and so the Solana ecosystem spawns employment of an open infrastructure to offer significantly more scalability than its contemporary blockchain protocols.
Tether( USDT )
Market Capitalization: US $ 62.56 billion
USDT is a stablecoin( stable-value cryptocurrency) that reflects the price of the U.S. dollar, published by a Hong Kong-based company Tether. The token’s peg to the USD is achieved via maintaining a sum of dollars in reserves that is equal to the number of USDT in circulation.
Originally launched in July 2014 as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin’s blockchain through the purpose of applying the Omni platform, it was later renamed to USTether, and then, lastly, to USDT. In addition to Bitcoin’s, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains.
The stated purpose of USDT is to combine the unrestricted nature of cryptocurrencies — which can be sent between users without a trusted third-party intermediary — with the stable significance of the US dollar.
Solana( SOL )
Market Capitalization: US $ 11.11 billion
Solana is a highly functional open beginning job that banks on blockchain technology’s permissionless nature to provide decentralized finance( DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
The Solana protocol is designed to facilitate decentralized app( DApp) initiation. It aims to improve scalability by introducing a proof-of-history( PoH) consensus combined with the underlying proof-of-stake( PoS) consensus of the blockchain.
Because of the innovative composite consensus framework, Solana experiences interest from small-time buyers and institutional brokers alike. A substantial focus for the Solana Foundation is to attain decentralized finance accessible on a larger scale.
Chainlink( LINK )
Market Capitalization: US $ 10.44 billion
Founded in 2017, Chainlink is a blockchain idea system that enables universally connected smart contracts. Through a decentralized sage network, Chainlink permits blockchains to securely interact with external data feeds, happens and pay procedures, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.
The Chainlink Network is driven by a large open-source community of data providers , node adventurers, smart contract makers, investigators, security listeners and more. The fellowship focuses on ensuring that decentralized participation is guaranteed for all node adventurers and users looking to contribute to the network.
Terra( LUNA )
Market Capitalization: US $ 2.62 billion
Terra is a blockchain etiquette that uses fiat-pegged stablecoins to power price-stable world-wide payments arrangements. Harmonizing to its white paper, Terra combines the premium stability and wide adoption of fiat monies with the censorship-resistance of Bitcoin( BTC) and offers fast and economical settlements.
Development on Terra began in January 2018, and its mainnet officially launched in April 2019. As of September 2020, it offers stablecoins pegged to the U.S. dollar, South Korean earned, Mongolian tugrik and the International Monetary Fund’s Special Drawing Rights basket of monies — and it intends to roll out additional options.
Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stablecoins. LUNA owners are also able to submit and vote on governance proposals.
The Graph( GRT )
Market Capitalization: US $ 0.86 billion
The Graph is an indexing protocol for querying the necessary data for networks like Ethereum and IPFS, powering many employments in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query working GraphQL to retrieve blockchain data. There is a hosted service in production that makes it easy for makers to get started building on The Graph and the decentralized structure will be launching last-minute this year. The Graph currently substantiates indexing data from Ethereum, IPFS and POA, with more networks coming soon.
To date, over 3,000 subgraphs have been deployed by thousands of developers, for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and many others. The Graph usage has been growing at over 50% MoM and smacked over 7 billion queries during the month of September 2020.
The Graph has a global community, including over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program as of October 2020. To store network development, The Graph created monies from community members, tactical VCs and influential characters in the blockchain society including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital and others. The Graph Foundation also accomplished a public GRT Sale with participation from 99 countries( not including the U.S .). As of November 2020, The Graph has raised ~$ 25 M.
Arweave( AR )
Market Capitalization: US $ 0.51 billion
Arweave is a decentralized storage structure that seeks to offer a stage for the indefinite storage of data. Describing itself as “a collectively owned hard drive that never forgets, ” the network principally hosts “the permaweb” — a permanent, decentralized entanglement with a number of community-driven applications and platforms.
The Arweave network consumes a native cryptocurrency, AR, to pay “miners” to indefinitely store the network’s information.
The project was first announced as Archain in August 2017, last-minute rebranding to Arweave in February 2018 and officially launching in June 2018.
Ren( REN )
Market Capitalization: US $ 0.44 billion
Ren( REN) is an open etiquette built to provide interoperability and liquidity between different blockchain platforms.
Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial silver give( ICO) in 2018.
The protocol’s native token, REN, functions as an alliance for those running nodes which influence RenVM, known as Darknodes.
Ren aims to expand the interoperability, and hence accessibility, of decentralized finance( DeFi) by removing hurdles involved in liquidity between blockchains.
Band Protocol( BAND )
Market Capitalization: US $ 0.25 billion
Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain employments, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources.
By supplying reputable, verifiable real-world data to blockchains, Band Protocol unlocks a range of new give cases for developers to explore — since they can now use any type of real-world data as part of their decentralized application( DApp ) logic, including athletics, weather, random figures, toll feed data and more.
Band Protocol first propelled as an ERC-2 0 project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network in June 2020 with the freeing of Band Protocol 2.0. The brand-new etiquette is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/ validation, paying them a dual role.
BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators involved in fulfilling data requests, as well as the central medium of exchange on BandChain — being used to pay for private data.
Serum( SRM )
Market Capitalization: US $ 0.21 billion
Serum is a decentralized exchange( DEX) and ecological system that generates high speed and low-pitched deal costs to decentralized finance( DeFi ). It is permissionless and is built on the Solana blockchain.
Serum was created to eliminate the vulnerabilities in the current DeFi space that exist due to incomplete decentralization. It is claimed to be fully decentralized and passes on a non-custodial exchange with cross-chain trading support and no know your customer( KYC) requirements.
Solana is a web-scale blockchain that can reach 50,000 deals per second. This is achieved through a verifiable procrastinate affair, known as SHA 265 hash bond, that enables optimistic concurrency control.
Serum is developed by the Serum Foundation, which is backed by a group of experts in cryptocurrency, trading and decentralized finance. The assignment also has backing from a wide number of firms.
Civic( CVC )
Market Capitalization: US $ 0.17 billion
Civic is a blockchain-based name control solution that presents individuals and businesses the tools they need to control and protect personal identity information.
The platform is designed to change the nature we think about identity verification by returning users more restraint over their personal data, while allowing them to access a wide range of services without needing to fork over excess sums of personal information.
Civic’s identity proof mixture exploits circulated ledger engineering to authorize identity usage in real day, and is used to sparingly share information with Civic partners after approval by the user.
Unlike some other identity management services, Civic customers collect all their sensitive data on their portable maneuver. Customers are able to authorize the sharing of specific personal data by providing a biometric signature through the Civic app.
The Civic ecosystem is enabled by a unique utility token known as the Civic token( CVC ), which is used for the settlement of identity-related events between Civic members — such as between a client and service provider.
Users can earn CVC signs for ending various categories of tasks, such as signing up for a service through the stage or innovating brand-new useds, while validators can pay CVCs for substantiating documents for service providers.
Civic was launched in 2018, following a sell-out initial coin render( ICO) its first year prior.
