foreign s to title crypto updates bringing you another video for real deep dives into the crypto industry I can't promise to only speak about crypto but I can promise everything will be overstood let's dive into today's very dense crypto update what is polygon with the native token Matic a circulating supply of 8.01 billion and a market capitalization of 4.5 billion polygon is a layer 2 scaling solution that runs on the ethereum blockchain allowing for Speedy transactions and low fees Matic is a network native cryptocurrency which is used for fees staking and more American billionaire and Shark Tank personality Mark Cuban is also invested into the polygon project moving on to ethereum Classic with the ticker e t c and a circulating supply of 137.62 million ethereum classic is in fact the Legacy chain ethereum its true creator are therefore the original ethereum developers vitalik buterin and gavinwood ethereum classic Etc is a hard fourth of ethereum eth that luanched in July 2016.
its main function is a smart contract network with the ability to host and support decentralized applications dabs its native token is ETC ethereum classic has no plans to convert to approved State POS mining algorithm while multiple developers continue to work on future improvements such as scaling Solutions next is cosmos Cosmos with the ticker atom and its circulating supply of 276.37 million market cap at 3.86 billion the co-founder of tender mint the gateway to the cosmo ecosystem where J kwanzarco milosvic and Ethan Buckman launched in April 2021 major concern for some in the crypto industry centers on the levels of fragmentation seen in blockchain Networks the cosmo Network consists of three layers the application layer the networking layer and the consensus layer Cosmos uses a set of Open Source tools to connect the various layers together and enable developers to build apps next we will move on to one of my personal favorites chain link chain link with the ticker Link in the circulating supply of 491.6 million has a market cap of 3.38 billion chain link founded in 2017 is a blockchain abstraction layer that enables universally connect smart contracts through a decentralized Oracle Network Sergey nazarov is a co-founder and CEO of chain link Labs who co-authored a white paper introducing the chain link protocol and network with Cornell University Professor Ari Jules the same here chain link is one of the first networks to allow the integration of chain data into smart contracts with many trusted Partners chain link is one of the major players in the data processing field now we have die with the ticker die and a circulating supply of 6.48 billion has a market cap of 6.477 billion day is an algorithmic stable coin issued by maker Dao an ethereum-based protocol that seeks to maintain an exact ratio of one to one with the US dollar the price of die is soft packed to the US dollar and is collateralized by a mix of other cryptocurrencies that are deposited into smart contract vaults every time you die is minted thy is a transparent and permissionless system it helps to ensure that users have greater unrestricted access to their own wealth polkadot with a ticker Dot and a circulating supply of 1.127 billion has a market cap of 6.91 billion polkadot is a flagship protocol of web3 foundation a Swiss foundation with a mission to facilitate an open source fully functional and user-friendly decentralized web polkadot's Founders are Dr gavinwood Robert habermeyer and Peter charbin polkadot is known as a layer zero meta protocol because it underlies and describes a format for a network of layer 1 blockchains known as parichains or parallel chains polkadot is a sharded multi-chain Network meaning it can process many transactions on several chains in parallel para chains this parallel processing power improves scalability that will conclude today's update on trending news in the crypto world thank you for watching if you made it all the way through stay tuned we are an active Administration please like comment and subscribe never be afraid to voice your opinion tell us in the comments what you think and give us some suggestions on what kind of content you'd like us to Deep dive into until next time good day good night and goodbye
