Litecoin, created in 2011, is meant to be the lighter variant of Bitcoin to allow quick and affordable payments. It’s almost four times as fast as Bitcoin in terms of payment processing. Litecoin is built to ensure enhanced scalability for quicker growth. In many ways, Litecoin is also identical to bitcoin, and that’s precisely why a silver coin often denotes it as opposed to Bitcoin’s gold. The primary objective of Litecoin is to establish a global payment system so that people can receive and send funds anywhere they want without any involvement of intermediaries.
Litecoin has a native token which is denoted by the abbreviation LTC, and at the time of writing, LTC is priced at $47.87 with a market ca of just over $3.1 billion.
Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a “joke”, making fun of the wild speculation in cryptocurrencies at the time. It is considered both the first “meme coin”, and, more specifically, the first “dog coin”. Despite its satirical nature, some consider it a legitimate investment prospect. Dogecoin features the face of the Shiba Inu dog from the “doge” meme as its logo and namesake. It was introduced on December 6, 2013, and quickly developed its own online community, reaching a market capitalization of over $85 billion[a] on May 5, 2021. It is the current shirt sponsor (sleeve only) of Premier League club Watford.
Dogecoin.com promotes the currency as the “fun and friendly Internet currency”, referencing its origins as a “joke.” Software engineers Billy Markus and Jackson Palmer launched the satirical cryptocurrency as a way to make fun of Bitcoin and the many other cryptocurrencies boasting grand plans to take over the world. With the help of Reddit, the site became an instant hit. Within two weeks, Dogecoin had established a dedicated blog and forum, and its market value has reached $8 million, once jumping to become the seventh largest electronic currency in the world. Dogecoin is based on Scrypt algorithm, and the transaction process is more convenient than Bitcoin. Dogecoin takes only 1 minute to confirm, while BTC takes 10 minutes.
Handshake is a decentralized permissionless system that is intended to incentivize a distributed network of computers to operate a system for domain name ownership.
Under Handshake, every peer is tasked with validating and managing the root DNS naming zone, with the objective of providing an alternative to current certificate authorities and naming systems.
Different participants across the internet such as social networking handles and domains rely on a centralized approach. This means the systems depend on a system of honesty — and are still prone to cyber attacks and fraud.Handshake aims to eradicate this problem by creating a decentralized internet that relies on a peer-to-peer system.
KDA is a digital currency that is used to pay for compute on the Kadena public chain. Similar to ETH on Ethereum, KDA on Kadena is the manner by which miners are compensated for mining blocks on the network and is the transaction fee that users pay in order to have their transactions included in a block. The Kadena network is designed to unite public applications, private blockchains, and other interoperable chains in one place, driving traffic to the high-bandwidth computer at the heart of the Kadena public chain. Kadena’s smart contracts are written in Pact, an open-source, formally-verifiable, human-readable, and Turing-incomplete language. Pact is designed for ease of use and adoption by developers and non-technical professionals alike. Gas is paid to the network for the execution of Pact smart contracts on the Kadena blockchain. The max supply is fixed at 1 billion tokens to be mined over 120 years. (Description provided by CryptoCompare)