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Ethereum (ETH) is the second biggest cryptocurrency in the market, only behind Bitcoin, the original token that established the industry. Ethereum is defined as a decentralized open-source blockchain platform. The project's cryptocurrency is $ETH. Ethereum's greatest strength is that it's been the basis for innumerable cryptocurrencies over the years, in addition to being the default choice for smart contract execution.
The first sign of Ethereum (ETH) appeared in a whitepaper written in 2013 by Vitalik Buterin, one of the project's co-founders. Along with his seven partners (an unusually high number for a cryptocurrency initiative), Buterin was able to secure funding for an online crowd sale in 2014. The sale was a resounding success: the team raised $18.3 million in Bitcoin and sold more than 60 million Ether. Ethereum's starting price in its initial coin offering (ICO) was $0.311. Based on its initial price, Ethereum's return on investment (ROI) has quadrupled annually since the sale.
The Ethereum Foundation launched the blockchain in 2015, using the codename "Frontier." There have been multiple iterations of Ethereum, generally named after cities. For example, "Istanbul" was released in 2019, while "London" was launched in 2021. Besides Vitalik Buterin, who is Russian-Canadian, another notable member of the team is Gavin Wood, the creator of the Web 3.0 Foundation. Wood wrote the platform's technical implementation, used Solidity as the programming language, and served as the Foundation's first chief technology officer (CTO).
Like Ethereum (ETH), Litecoin (LTC) is a legacy token since it was introduced during the first wave when the cryptocurrency phenomenon was taking off. Litecoin was released through an open-source client on GitHub in 2011 and the network was launched a few days later. The platform was developed to provide users with a streamlined solution that would expedite transactions, minimize costs, and utilize blockchain technology.
Although it was based on Bitcoin's protocol, the developers of Litecoin made changes to the platform, such as implementing a different hashing algorithm, hard cap, and block times. Litecoin (LTC) offers a transaction block time of two and a half minutes and cost-effective transactions, making it the ideal service for micro and point-of-sale payments. For over a decade, Litecoin has featured in the top twenty tokens on the market. The project found acceptance among payment processors. Litecoin's founder is Charlie, a former employee of Google. Lee envisaged Litecoin as a lite version of Bitcoin, which would mirror many of its predecessor's attributes but would be relatively lighter in weight.
Ethereum (ETH) and Litecoin (LTC) have endured because they were released in an emerging market and offered a new service. For instance, Ethereum established itself as the premier option for smart contracts. Now that the cryptocurrency industry is approaching its 15th year, the market has become ultra-competitive. There are currently close to 22,000 tokens listed on the market, with hundreds more in various stages of planning or production. It's imperative to offer users a viable solution, which is where Big Eyes Coin (BIG) excels. The community token is designed to cater to decentralized finance (DeFi), and $BIG will shift users' wealth into the DeFi space. In addition, a fixed percentage of each deal will be reserved for charity. The beneficiary of the welfare is the world's oceans.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
