What is Bitcoin
Bitcoin is the king of crypto, and it was the first ever cryptocurrency created.
It is a digital currency that is decentralized which means no 1 entity controls it. It has no central bank or government that oversee’s it and runs on its own on what’s called a Blockchain (more about that later).
Bitcoin can be sent from one user to another user on the Bitcoin blockchain network, and without the need for any overseeing authority.
It was created by a mysterious man called Satoshi Nakamoto and after he created it he dissapeared and has never been seen or heard of since and nobody knows his true identity but he still holds thousands of Bitcoin worth tens of billions at todays value.
What is Ethereum
Ethereum is the second largest Cryptocurrency and while Bitcoin is considered the gold of crypto Ethereum is the silver.
Ethereum is an open source blockchain and its native token is the Ethereum token, the blockchain is decentralized just as Bitcoin is, however Ethereum has the ability to create smart contracts.
Ethereum was created in 2013 by a Russian called Vitalik Buterin.
What is XRP
XRP at the time of writing is the 6th largest Crypto currency and we at the Amz Authority Zone consider it to be one of the CHOSEN ONES.
XRP was designed to facilitate cross border payments and to create a blockchain that is interoperable with others.
XRP has a total of 100 Billion coins of which RIPPLE owns 55 Billion of them.
Ripple is the tech company who created the software that uses XRP for cross border payments.
The XRP Ledger can also be used for micro payments and many other utilities.
We feature XRP heavily in our GREAT RESET COURSE
What is Binance Coin
What is Solana
What is Cardano
Binance (BNB) is a digital asset that was created by Binance the largest Digital currency exchange in the world. It powers its ecosystem and is used to pay for exchange fees, its use case is growing within the Binance ecosystem.
The BNB Coin is the 4th largest crypto at the time of writing.
Solana is a powerful and superfast blockchain designed to create smart contracts, NFT,s and dAaps (decentralized applications)
Solana’s trading ticker is SOL and at time of writing it is $95 for one and looking like it will be shooting up from this point as the leading challender to Ethereum.
Cardano the so called Ethereum killer it is a public blockchain using a proof of stake.
It was founded by Charles Hoskinson who was also part of the team that created Ethereum.
Cardano with its digital coin ADA can do peer to peer transactions and also smart contracts.
What is XDC Coin
What is Algorand
What is TERRA LUNA
XDC Coin by the company XFIN this hybrid Blockchain was specifically created to handle high value world trade finance it has a public and private Blockchain that customers can move between to keep sensitive transactions private.
The chosen asset to handle payments on the CORDA network XDC is set to become a giant in the payment and settlement of high value world of trade finance.
XDC and XFIN are fully compliant with the financial regulations and fully comply with all rules by all countries worldwide.
Algorand is one of the ISO20022 coins that are compatible with the new Swift ugrade which will go live Nov 2022.
Algorand is a smart blockchain designed to be super fast and to be able to handle decentralized finance and smart contracts.
Algorand will be one of the leaders in blockchain technology as the ISO20022 system is implemented over the next 5 years.
Algorand is already being used by El Salavador.
Terra Luna was specifically designed as a blockchain to handle the movement between stable coins and normal pegged fiat currencies.
It is an open source blockchain and runs on a proof of stake system which means it selects and confirms transactions based on the validators amount of Terra Luna held.
What is Avalanche
What is Circle (usdc)
What is Tether (usdt)
What is DogeCoin
Avalanche is the daddy of speed and is the fastest blockchain at the time of writing. It is an open source blockchain with smart contract capabilities for dAaps (Decentralized finance apps) it is cheap fast and reliable.
As one of the fastest and cheapest blockchains the future looks good for Avalanche
USDC also known as CIRCLE is what is called a stablecoin issued by Coinbase. It is pegged to the US Dollar at a 1 to 1 ratio. The usage of USDC is to move in and out of other more volatile crypto’s when you want some stability. The government is not a fan of stable coins and trouble is coming.
Tether also known as USDT is another stable coin pegged to the US Dollar at 1 to 1 and has the same use case as circle meaning when you want to hold US Dollar equivalent in between trades you hold it in a stable coin. The Government does not like US dollar stable coins as they withhold currency.
Dogecoin the JOKE of crypto that was until famous people started pushing it giving it massive exposure to the masses who jumped on it. We talk more about this in the Great Reset Course. Doge Coin has no use case at this time and it just a meme coin..
What is Polkadot
What is Shiba Inu
What is BNB Coin
What is Polygon (Matic)
Polkadot is considered to be the Blockchain of Blockchains, it is fast and designed to be interoperable between other Blockchains meaning you could use another blockchains featurer on Polkadot and vice versa.
Polkadot is scalable and you can also create your own blockchain in just a few minutes.
Shiba Inu the supposed Doge Coin killer. Yes another meme coin which we are not a fan of as it distracts away from what crypto is all about and that is usecases and shibu at the time of writing had none. The problem is these joke coins ger all the press and the public buys them and they are almost certainly going to lose their money.
BNB coin is network coin issued by the largest crypto exchange in the world, BINANCE.
BNB Coin powers the Binance network and is used to pay for network fees as well as being held by investors and paying transaction fees. .
BNB has grown into other use cases such as paying for online services and financial services.
Polygon also known as MATIC is a decentralized platform designed as a 2nd layer scaling platform. Ethereum gas fees are so high Matic was created to use as a 2nd layer to reduce fee’s and allow for developers to build decentralized applications which are user friendly and inexpensive to operate.