10 Important Cryptocurrencies Other Than Bitcoin
Polkadot is a unique PoS cryptocurrency aimed at delivering interoperability among other blockchains. Its protocol is designed to connect permissioned and permissionless blockchains as well as oracles to allow systems to work together under one roof. Polkadot’s core component is its relay chain, which allows the interoperability of varying networks. It also allows for parachains, or parallel blockchains with their own native tokens for specific-use cases. Examples include Storj tokens, which allow people to share files across a decentralized network, or Namecoin, which provides decentralized Domain Name System service for Internet addresses. Cryptocurrencies are almost always designed to be free from government manipulation and control—although, as they have grown more popular, this foundational aspect of the industry has come under fire. Some crypto schemes use validators to maintain the cryptocurrency. In a proof-of-stake model, owners put up their tokens as collateral. In return,...