Crypto Q&A

Bitcoin functions as a fixed-supply "digital gold" store of value, utilizing Proof of Work. Ethereum, conversely, is a programmable platform for smart contracts and decentralized applications. It transitioned to Proof of Stake in 2022 for enhanced energy efficiency. These platforms diverge in their core purposes and technological implementations, reflecting distinct approaches to blockchain utility.

WRX is the BEP-20 utility token for WazirX, an Indian cryptocurrency exchange launched in 2018. Operating on the Binance Smart Chain, WRX has a total supply of 1 billion tokens. Users benefit from reduced trading fees and participation in token sales on the WazirX platform.

USDT is issued by Tether Limited based on its reserves, not "mined" like traditional cryptocurrencies. Users cannot mine USDT directly. Instead, it can be earned or acquired by purchasing it on exchanges, staking, providing liquidity in decentralized finance (DeFi) protocols, or through yield farming.

TT Coin Network, launched in 2021, envisions integrating blockchain technology across diverse sectors, including Web3, virtual worlds, and decentralized finance (DeFi). Its core strategy involves using the native TTcoin (TC) token to facilitate transactions, staking, and reward systems throughout its ecosystem, fostering a comprehensive digital economy.

"Tesla Coin" is not a genuine Tesla cryptocurrency, but rather a name predominantly associated with investment scams that fraudulently claim affiliation with Tesla and Elon Musk. While various cryptocurrencies exist with similar names, none are officially endorsed by Tesla, Inc., which only accepts Dogecoin for certain merchandise. These scams often employ deceptive advertisements to lure individuals.

Manta's dual-chain ZK architecture includes Manta Pacific, a modular Layer 2 on Ethereum for EVM-native dApps, and Manta Atlantic, a ZK Layer 1 on Polkadot for privacy-preserving credentials. This ecosystem uses zero-knowledge cryptography for scalable and privacy-enhanced decentralized applications. MANTA serves as the native utility and governance token.

JioCoin, Reliance Jio's blockchain-based reward token developed with Polygon Labs, enhances user engagement by functioning as a digital reward system. Users earn these tokens through active participation and interaction with Jio's various apps and services within its ecosystem. This system incentivizes continued engagement, serving to foster user loyalty and activity, unlike traditional cryptocurrencies which are publicly tradable.

Diamonds are tangible assets, their value driven by the 4 Cs, rarity, and market demand. While offering some long-term appreciation and inflation hedging, their investment soundness is nuanced by lower liquidity, a non-standardized market, and variable resale values, making them less liquid than other assets.

ICT has profoundly transformed financial markets by enabling electronic trading platforms and global connectivity. It provides real-time data access, faster transaction execution, and increased market accessibility. Furthermore, ICT facilitates automation in trading processes and enhances decision-making through advanced analytical tools, fundamentally reshaping the financial landscape.

Grok Coin (GROK), an ERC-20 token on the Ethereum blockchain, is a meme cryptocurrency inspired by Elon Musk's xAI Grok AI chatbot, though it holds no official affiliation. Its value accrues without intrinsic utility, primarily driven instead by intense social media hype and speculative trading among investors.

A DeFi wallet is a non-custodial cryptocurrency wallet granting users full control over their private keys and digital assets. It empowers users by enabling interaction with decentralized finance (DeFi) applications and protocols, allowing engagement with services such as lending, staking, and decentralized exchanges.

Grass (GRASS) is a decentralized cryptocurrency that powers a network enabling users to monetize unused internet bandwidth. Users earn GRASS tokens as rewards for sharing their idle internet connections. This shared bandwidth is then utilized to collect public web data for AI training and other purposes. The Grass network operates on the Solana blockchain.

Core's EVM blockchain is secured by its unique "Satoshi Plus" consensus mechanism. This framework integrates delegated Bitcoin mining hash with delegated Proof-of-Stake (DPoS) to ensure network security. It aims to enhance Bitcoin's utility by facilitating self-custodial staking and decentralized finance applications.

Crypto copy trading involves automatically replicating experienced investors' real-time trades, mirroring their buying, selling, and position adjustments directly in one's own account. It is popular because it allows users exposure to crypto markets without constant monitoring or developing personal trading strategies.

Bitgert's BRC-20 blockchain, launched in February 2022, is unique due to its proprietary nature and its aim to offer near-zero gas fees and high transaction speeds. This blockchain, also known as Bitgert Chain, followed the project's rebranding from Bitrise in December 2021, having initially launched on the BNB Chain.

Bhutan leverages its hydropower for state-backed Bitcoin mining, accumulating significant reserves. The nation also employs blockchain for public services, including a digital identity system. Additionally, Bhutan introduced TER, a gold-backed digital token. "Bhutan Coin" is not identified as a specific token.

Beldex, launched in 2018, is a privacy-focused cryptocurrency designed to enhance user privacy and data protection within its decentralized ecosystem. It ensures high levels of anonymity and data security by offering confidential transactions, secure messaging, and private browsing applications. Beldex utilizes advanced encryption methods to mask all transaction details, thereby protecting user information.

"Aviator" presents a duality: it's a popular online crash gambling game where players bet on a rising multiplier, aiming to cash out before it crashes. Simultaneously, "Aviator" designates a distinct Web3 gaming project. This project encompasses a decentralized token ecosystem, providing platforms for onchain gaming and essential bridging solutions within the blockchain space.

Alkimi, a decentralized advertising platform, migrated its ALKIMI token from Ethereum to the Sui blockchain. Previously known as $ADS, this transition supports the platform's goal to streamline digital ad transactions using blockchain. ALKIMI's live price, market capitalization, and trading volume are trackable on CoinGecko.

AI coins are digital tokens on blockchain platforms that integrate with artificial intelligence technologies. Operating as utility tokens, they power various AI services, facilitate payments for AI applications, and enable access to AI tools. These tokens also incentivize contributions within AI-focused ecosystems, effectively linking blockchain technology with machine learning and automation.