An interesting thing to note about the cryptocurrency market is its versatility. Yes, there are hundreds and thousands of crypto projects today. Each of these projects offers different types of utility to crypto users. You see, we have found a way to incorporate blockchain technology into different fields of life, including the traditional finance sector, and internet usage.
There are even more use cases coming up in the future. Bitcoin (BTC), Ethereum Classic (ETC), and RoboApe (RBA) are currently one of the most popular crypto tokens on the market. This piece will look at the similarities, differences and special features of each of these crypto tokens.
Without any doubt, Bitcoin (BTC) is the biggest cryptocurrency in the ecosystem. This is primarily because it introduced cryptocurrency to the world, being the first coin to come into the inception and gain worldwide acceptance.
Bitcoin was designed as a virtual currency that will serve as money or a virtual means of payment. The most attractive feature of Bitcoin is that it was outside the control of any group or individual. Therefore, there’s no third-party involvement before transactions are completed. This token is also rewarded to blockchain miners for their role in ensuring that transactions are completed easily and quickly.
Bitcoin was founded in 2009 by an anonymous developer or group of developers. They are only known by the name Satoshi Nakamoto. Being the first coin in the crypto space, BTC is responsible for inspiring the growth of other projects.
Many have been developed to offer something similar to Bitcoin, while others feature a promising design that will offer more utility than Bitcoin. BTC runs on a dedicated blockchain. This blockchain serves as a distributed ledger that contains details of financial transactions. This cryptocurrency relies on an SHA-256 algorithm to encrypt the data sent into the blockchain.
Ethereum Classic (ETC)
Ethereum Classic (ETC) serves as an open-source, decentralised, blockchain-based cryptocurrency platform that is powered by smart contracts. It became a popular hosting platform for Initial Coin Offerings (ICOs). One of the most popular ICOs was DAO.
The Ethereum Classic crypto project was developed in 2016 after an attack on The DAO. Due to this large-scale hack, the entire blockchain was split into two and it led to a breakdown of the Ethereum community. A particular group of miners and developers in the Ethereum community believed that the DAO investors should count their losses and suffer for investing in a bad crypto project.
However, the majority of those in the community were interested in helping DAO investors recover their heavy losses. You’ll be surprised to find out that Ethereum has numerous similarities with Bitcoin. However, there’s one major difference between both. Ethereum can serve as a platform to facilitate smart contracts. Ethereum Classic also supports these smart contracts by offering decentralised governance features. In other words, these smart contracts can be processed without waiting for third-party approval on the ETC network.
RoboApe (RBA) is a community-driven crypto project that is set to revolutionise the world. It is a cryptocurrency that aims to offer a diverse set of services to members of its community and the entire crypto space. This meme token is set to offer crypto users a utility that benefits them without taking too much in return. To start with, RoboApe has developed an innovative DeFi platform for crypto enthusiasts and members of its community. RBA is the native token for the RoboApe platform.
Also, there will be a RoboApe Academy that will teach everyone about the characteristics and benefits of cryptocurrency. Additionally, there will be a slew of RoboApe merchandise. The purpose of this merchandise will be to spread the reach of the community and increase its market presence.
More information on RoboApe (RBA):
Join Presale: presale.roboape.io/register