More information: https://www.coingecko.com/en/coins/bitcoin
(1)Bitcoin (₿) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.
More information: https://www.coingecko.com/en/coins/ethereum
(2)Ethereum is the second-largest cryptocurrency platform by market capitalization, behind Bitcoin. It is a decentralized open source blockchain featuring smart contract functionality. Ether (ETH) is the cryptocurrency generated by Ethereum miners as a reward for computations performed to secure and add blocks to the blockchain. Ethereum provides a decentralized replicated virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.The virtual machine's instruction set, in contrast to others like Bitcoin Script, is Turing-complete. "Gas", payable in ETH, is the internal transaction pricing mechanism, and is used to mitigate transaction spam and allocate resources on the network.
(3)Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company. Released in 2012, Ripple is built upon a distributed open source protocol, and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes. Ripple relies on a common shared ledger, which is a distributed database storing information about all Ripple accounts. The network is "managed by a network of independent validating servers that constantly compare their transaction records." Servers could belong to anyone, including banks or market makers. Ripple validates accounts and balances instantly for payment transmission and delivers payment notification within a few seconds. Payments are irreversible, and there are no chargebacks.
Stellar Lumen XLM
More information: https://www.coingecko.com/en/coins/stellar
(4)Stellar is an open source, decentralized protocol for digital currency to fiat money transfers which allows cross-border transactions between any pair of currencies. The Stellar protocol is supported by a 501(c)3 nonprofit, the Stellar Development Foundation. Stellar diverges heavily from its predecessor Ripple in that it uses a decentralized and open-source network. This means that Stellar has no specific central authority like the employees of a single bank.
Instead, multiple nodes exist that work independently to verify and input transactions in the platform's ledger. Stellar has a unique method of reaching a consensus among these nodes known as a Federated Byzantine Agreement (FBA). This means that rather than waiting to verify a transaction until agreement, an entire network of nodes comes into agreement; individual nodes will select other nodes they deem trustworthy who in turn select other nodes they view as reliable, and once a quorum is reached (actually involving multiple quorums--referred to as quorum slices) among these, a transaction will be added to the ledger.
More information: https://www.coingecko.com/en/coins/tether
(5)Tether is a blockchain-based cryptocurrency whose cryptocurrencies in circulation are backed by an equivalent amount of traditional fiat currencies, like the dollar, the euro or the Japanese yen, which are held in a designated bank account. Tether tokens, the native tokens of the Tether network, trade under the USDT symbol.
More information: https://www.coingecko.com/en/coins/ren
REN is an open protocol providing access to inter-blockchain liquidity for all decentralized applications. RenVM is one of several interoperability solutions that allow for secret computation over multiple inputs and multiple parties. The project is powered by a network of machines that contribute computational power, network bandwidth, and storage capacity. REN helps bring Bitcoin to the growing ecosystem of Decentralized Finance (DeFi) applications.
OMG Network OMG
More information: https://www.coingecko.com/en/coins/omg-network
The OMG Network is a trustless, non-custodial, layer-2 scaling solution for transferring value on Ethereum. The network helps reduce the cost of transactions between entities by leveraging blockchain-based digital values. Payments can be automatically triggered along users' supply chain or be offered as real-time payments to customers. Companies can use it to issue and manage loyalty points and rewards across their businesses and partner networks.
Moreover, users can shorten time-to-market while reducing development, fraud, and operation costs. The OMG Network is designed to help create digital financial services and make it easy to connect with third-party providers to offer value-added solutions, as well as meet current open banking requirements to onboard customers with future-oriented needs.