Here are the top 5 cryptocurrencies and their rules:
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1. *Bitcoin (BTC)$
- Limited supply: 21 million
- Decentralized governance
- Proof-of-work consensus algorithm
- Block reward: halved every 4 years
2. *Ethereum (ETH)*
- Programmable blockchain
- Smart contracts and decentralized apps (dApps)
- Proof-of-work consensus algorithm ( transitioning to proof-of-stake)
- Gas mechanism for transaction fees
3. *Tether (USDT)*
- Stablecoin pegged to the US dollar
- Collateralized by fiat reserves
- Issued on multiple blockchains (e.g., Ethereum, Tron)
- Redemption guarantee: 1 USDT = 1 USD
4. *Binance Coin (BNB)*
- Native cryptocurrency of Binance exchange
- Discounts on trading fees
- Burning mechanism to reduce supply
- Utility token for Binance ecosystem
5. *XRP (XRP)*
- Real-time gross settlement and currency exchange
- Consensus algorithm: Federated Byzantine Agreement
- Fast transaction times (seconds)
- Low transaction fees
Note that these rules are subject to change as the cryptocurrencies evolve and update their protocols.
