Which One Is Good For Holding
Three Old Gems
1. $EOS (EOSIO):
Purpose: EOS is designed to support decentralized applications (DApps) by providing a scalable, fast, and flexible blockchain platform.
Technology: EOSIO blockchain is known for its high transaction throughput and zero transaction fees for users. It uses a Delegated Proof-of-Stake (DPoS) consensus mechanism, which allows EOS holders to vote for block producers.
Use Cases: DApps development, smart contracts, decentralized finance (DeFi), and gaming applications.
2. Bitcoin Cash ($BCH ):
Purpose: Bitcoin Cash emerged as a fork of Bitcoin (BTC) in 2017 to address scalability issues with Bitcoin. It aims to be a peer-to-peer digital cash system with lower fees and faster transactions than Bitcoin.
Technology: Like Bitcoin, Bitcoin Cash uses Proof-of-Work (PoW) for consensus, but it has a larger block size limit (8MB at launch, later increased) to allow for more transactions in each block.
Use Cases: Peer-to-peer payments, merchant payments, and transfers of value, with a focus on being a more scalable version of Bitcoin for everyday transactions.
Purpose: Cardano is a blockchain platform focused on providing a secure and scalable infrastructure for smart contracts and decentralized applications. ADA is the native cryptocurrency of the Cardano blockchain.
Technology: Cardano is built on a unique Proof-of-Stake (PoS) consensus mechanism called Ouroboros. The platform emphasizes academic research and peer-reviewed development.
Use Cases: DApps development, DeFi, smart contracts, supply chain tracking, identity management, and more.
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