TON is a fully decentralized layer-1 blockchain designed by Telegram to onboard billions of users. It boasts ultra-fast transactions, tiny fees, easy-to-use apps, and is environmentally friendly.
The worlds first smart phone web3 application utilizing LiDAR (Light Detection and Ranging) technology to scan real life objects in 3D & convert it to a NFT.
One key function of the token is to reduce commissions for trading operations on the exchange, which are usually paid from users' wallets. Yet the token has much more to offer. Using HT, users can pur ...chase monthly VIP-status plans to receive discounts on transaction fees. Token holders have the right to vote on exchange decisions, can receive crypto rewards for seasonal buybacks, and also get early access to special events. HT holders can, at any point, trade the token for other cryptocurrencies. Show More
OpenLeverage is a permissionless margin trading protocol that enables traders or other applications to long or short any trading pair on DEXs efficiently and securely.
VeChain (VET) is a versatile enterprise-grade L1 smart contract platform.
VeChain began in 2015 as a private consoritium chain, working with a host of enterprises to explore applications of blockch ...ain. VeChain would begin their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching a mainnet of their own in 2018 using the ticker VET. Show More
Mechanium, MechaChain's ecosystem cryptocurrency used in game, is a new mineral discovered during the first extraterrestrial mining campaign inside of rock aggregates, most often found deep down in th ...e middle of some planets’ crust. Its tremendous potential energy expanded the horizons of mankind to the edges of the universe. Show More
Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. Flow is the only layer-one blo ...ckchain originally created by a team that has consistently delivered great consumer blockchain experiences: CryptoKitties, Dapper Wallet, NBA Top Shot. Show More
Forest Knight is a Play-to-Earn mobile game powered by Ethereum & Polygon Layer 2. This Free-to-Play Turn-Based Strategy game allows players to build their own team of brave heroes that have all trave ...led from different realms to join the battle against the Skeleton Master. Your goal is to level up your heroes and equip them with unique and powerful NFTs to aid them in this journey.
During this long journey, you will challenge other knights of the kingdom in the PvP Arena for great rewards, join guilds with like-minded knights and fight in mass battles versus other guilds, train your own pets and gain $KNIGHT tokens every step of the way.
If you haven’t tried our game yet, feel free to try the public Early Access of Forest Knight
The $KNIGHT token is a native, utility token used for:
Marketplace Trading
Upgrading & Merging NFTs
Staking in Buildings
Guild Wars Bounties
PVP Tournament Entries
Blockchain Pet Evolution Show More
Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most ...popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.
This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.
After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of bridges.
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Hedera is the most used, sustainable, enterprise-grade public network for the decentralized economy that allows individuals and businesses to create powerful decentralized applications (DApps).
It ...is designed to be a fairer, more efficient system that eliminates some of the limitations that older blockchain-based platforms face — such as slow performance and instability.
It was funded through an initial coin offering (ICO) in August 2018 and first launched open access to its mainnet just over a year later in September 2019. As part of the ICO, investors were able to purchase the platform’s native utility token (HBAR) at the lowest possible pricing.
The HBAR token has a dual role within the Hedera public network.
First and foremost, HBAR the fuel that powers Hedera services, such as smart contracts, file storage and regular transactions. Second, it's used to help secure the network, since HBAR users can stake their tokens to assist with maintaining the integrity of the platform.
Hedera (HBAR) is the native cryptocurrency of Hedera Hashgraph, a platform that is positioned as an alternative to traditional blockchain technology and aims to excel in speed, efficiency and security.
Older blockchains tend to use a consensus mechanism like proof-of-work (PoW) to validate transactions, while younger blockchains opted for proof-of-stake (PoS). The Hedera Hashgraph system has a structure that was created from scratch particularly for the project. Hedera is based on a PoS model that is believed to increase the efficiency of transaction verification in the network, provide a high level of security, and protect the network from hacker attacks. Its ecosystem has the underlying hashgraph consensus algorithm and the global enterprise governing body.
Hedera Hashgraph is a distributed ledger technology (DLT). According to the project website, Hedera differs from other blockchains because it uses a new consensus algorithm called hashgraph. It intends to process and execute transactions faster, eliminate delays, and smooth out the TPS (transactions per second) indicator. Hashgraph is claimed to be an upgrade in transaction speed, cost, and scalability. Show More
Zcash is a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing ... any sensitive information about those transactions. Show More
Collect, train, and battle with NFTs in this blockchain-based MMORPG built on Unreal Engine 5. Experience thrilling new adventures, and build an unstoppable team while exploring each region.
Player ...s can earn real money and unique rewards by playing NFT Champions. $CHAMP is the in-game currency connected to the Polygon blockchain network. Polygon is built on Ethereum and enables transactions to process much faster at a lower cost with greater reliability.
You’ll be able to join forces with a friend at any time and work together throughout your journey. It’s up to you. Will you explore the world with friends, or fulfill your ambition as a lone adventurer? Whether you cautiously train your monsters or go against a raid boss for a cash prize, the choice is yours. Show More
Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially pl ...anned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.
The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network where users pay for data storage and distribution services in $FIL. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.
Filecoin is open-source and decentralized, which means that all governance is in the hands of the community. On the Filecoin platform, developers have the opportunity to create cloud file storage services like Dropbox or iCloud. Anyone can join Filecoin and start storing their data or earn money by providing space for someone else's funds. The creators of Filecoin opted for their blockchain technology to run the network and their token with their own consensus.
$FIL is the native currency of Filecoin that powers the entire network and all processes. Clients pay for transactions in FIL tokens. Miners place FIL as collateral, guaranteeing their services.
The developers claim that Filecoin solves the problem of inefficient file storage and retrieval. Customers can find the right solution with an efficient set of tools and its core development, IPFS.
Who Are the Founders of Filecoin?
Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University. After founding Protocol Labs in May 2014, he attended Y Combinator in the summer of 2014 with the intention of supporting both IPFS and Filecoin, as well as other projects.
What Makes Filecoin Unique?
Filecoin aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization, Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor.
Decentralized storage systems like Filecoin allow people to be their own custodians of their data, as well as makes the web more accessible to people worldwide. Since participating in the Filecoin network by mining and storing is directly related to winning more block rewards, Filecoin incentives participants to act honestly and store as much data as possible.
How Does Filecoin Work?
There are three parties involved in the Filecoin system: clients, storage miners, and retrieval miners. These groups of users interact closely with each other, concluding transactions, exchanging information, and making micropayments in $FIL.
Clients pay for storing or retrieving data. They place an order on the online storage market, where a deal is subsequently concluded with storage miners. Storage miners, in turn, store client’s data and receive rewards. This group of users places files in free sectors of a hard drive, all actions are recorded in the blockchain, and clients receive private keys.
Retrieval miners extract data at a request of a client. Clients place a trade on the off-chain Retrieval Market. Retrieval miners can also act as storage miners.
Filecoin is based on IPFS where all data is stored on a peer-to-peer blockchain. To start the process, users choose miners to store personal data and pay for placement in FIL tokens. Thereby, miners execute trades, and receive participation fees and FIL rewards. The more storage miners offer, the higher the chances of getting rewarded. At any time, clients can check how their data is stored during a transaction, as proofs are fixed in the blockchain. The Filecoin network uses the Proof-of-Replication (PoRep), while the miners use the Proof-of-Spacetime (PoSt).
Therefore, if a client wants to hopefully keep their data safe on the Filecoin network, then they must pay the miner. The cost is set by the open market, and the price is made up of several factors. In the open market, there is hyper competition among miners, where everyone puts forward their own minimum price for storage.
Benefits of Filecoin
Firstly, with the launch of a large and free market specializing in data storage, there is a tendency to reduce the cost of the service itself. The market becomes more open to everyone, which gives a lower price for using the network.
As of September 2022, the network has united over 20,000 users and computers around the world, creating an extensive community with similar goals and requests. Moreover, Filecoin opts for existing resources, instead of creating new technologies and devices. Miners can join the network from anywhere in the world.
Finally, Filecoin is a decentralized network with its own ways of protecting information and preventing single-point attacks.
Related Pages:
Check out CMC Alexandria’ deep dive into Filecoin.
We’ve also prepared a list of the 5 things that decentralized storage aims to fix.
See terms you don’t know? Check out our glossary on Alexandria.
How Many Filecoin (FIL) Coins Are There in Circulation?
Protocol Labs describes Filecoin’s tokenomics, or economic model, as a “market for data” where users can sell their storage space to other users, who are looking to rent. Five stakeholders will be able to trade tokens: developers, clients, miners, token holders and ecosystem partners. There will also be three Filecoin markets, according to Protocol Labs: file storage, file retrieval and on-exchange token trading.
In fall 2020, 400 miners participated in what was called the “Space Race” testnet phase, increasing Filecoin’s network data capacity by over 325 pebibytes; approximately 3.5 million FIL tokens will be released to the Space Race participants. Show More
Launched in 2021, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transacti ...ons in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers. Show More
Stargaze is a decentralized and community-owned network for NFTs. It is built as an app-specific Cosmos Proof-of_stake chain, running the Tendermint consensus engine. It’s goal is to be similar to O ...penSea, except governed by a community via a curation DAO and a protocol DAO Show More
Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.
To learn more about this project, check out our deep dive of Ren.
Formerly k ...nown as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.
The protocol’s native token, REN, functions as a bond for those running nodes which power 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. Show More
The Internet Computer blockchain incorporates a radical rethink of blockchain design, powered by innovations in cryptography. It provides the first “World Computer” blockchain that can be used to ...build almost any online system or service, including demanding web social media, without need for traditional IT such as cloud computing services. As such it can enable full end-to-end decentralization. Show More
