In the ever-evolving landscape of cryptocurrencies, innovation knows no bounds. Three prominent contenders in this digital revolution are Bitcoin Cash, Polygon, and Litecoin. Each of these cryptocurrencies boasts unique concepts, compelling use cases, and a history of shaping the crypto narrative. All of them are blue chip coins. And the best part is that Americans can buy them in the BYDFi exchange.
In this article, let’s delve into the world of these blue chip coins to understand their significance and explore the latest news surrounding them.
Coin #1: Bitcoin Cash (BCH)
Bitcoin Cash emerged as a result of a hard fork from the original Bitcoin (BTC) in 2017. Aiming to address some of the scalability issues faced by its predecessor. BCH’s concept centers around enabling fast and low-cost transactions. Making it a more viable candidate for daily transactions and micro-payments. It achieves this by increasing the block size, allowing for more transactions to be processed at once. You can buy BCH on BYDFi exchange with USDT.
Chart for the new Sesterce Money token looking solid. Aims to be a store of wealth and payment token to rival Litecoin, Bitcoin Cash and Bitcoin. Getting some attention from Whales now. DEX listed and available on Uniswap: https://t.co/lxCm79qAt9 pic.twitter.com/36vrHNFPRu
— Cryptocurrency World (@cryptoworld202) August 14, 2023
One of the most significant use cases of Bitcoin Cash is its potential to serve as a digital alternative to traditional fiat currencies. With faster transaction times and lower fees compared to BTC, BCH is better positioned for real-world transactions. Online merchants and businesses can integrate BCH payments, offering a seamless experience for customers looking to spend their cryptocurrencies.
Announcement on Supporting Bitcoin Cash (BCH) Network Upgrade
📆 May 15, 2023 at 19:30 (GMT +8)
🟡 BYDFi is expected to suspend the withdrawal and deposit of BCH tokens
🟡 We will reopen deposits and withdrawals for BCH once we deem the upgraded network to be stable pic.twitter.com/MQwXG4LJ7m
— BYDFi (@BYDFi) May 14, 2023
In recent news, Bitcoin Cash has been making strides in adoption. Major platforms such as PayPal have started supporting BCH transactions, further legitimizing its use. Additionally, there has been a push for decentralized finance (DeFi) applications on the BCH blockchain. Expanding its use cases beyond simple transactions.
Coin #2: Polygon
The next of our blue chip coins, formerly known as MATIC Network, Polygon is a layer 2 scaling solution for Ethereum. Its concept revolves around addressing the scalability and high transaction fees that have become bottlenecks for Ethereum’s widespread adoption. Polygon achieves this by offering sidechains that are connected to the Ethereum mainnet, allowing for faster and cheaper transactions. You can buy MATIC in BYDFI exchange with USDT.
1/ Polygon 2.0 is a concrete vision to build the Value Layer of the Internet, and expand Ethereum to Internet-scale.
It is a series of proposals for unlimited scalability & unified liquidity.
Why is this such a big deal? 🧵 pic.twitter.com/Jv7PvRfxFN
— Polygon (@0xPolygon) June 22, 2023
Polygon’s use cases extend beyond mere scalability. Its architecture supports the development of decentralized applications (dApps) and smart contracts, enhancing Ethereum’s ecosystem. The platform’s interoperability and compatibility with Ethereum tools and infrastructure make it an attractive option for developers aiming to create efficient and cost-effective dApps.
— BYDFi (@BYDFi) October 7, 2022
In recent news, Polygon has been gaining significant traction. The adoption of its technology by various DeFi projects has propelled its popularity. Notably, the decentralized exchange SushiSwap and the lending platform Aave have integrated with Polygon to mitigate high gas fees and enhance user experience. This wave of adoption has solidified Polygon’s position as a pivotal player in the blockchain scalability landscape.
Coin #3: Litecoin
Litecoin (LTC), often referred to as the “silver to Bitcoin’s gold,” was created by Charlie Lee in 2011. The concept behind Litecoin focuses on faster block generation times and a different hashing algorithm. Aiming to be a more efficient and lightweight version of Bitcoin. It offers quicker transaction confirmation times and has attracted attention as a digital medium of exchange. You can buy LTC on the BYDFi exchange with USDT.
— Litecoin (@litecoin) August 11, 2023
The use cases of Litecoin mirror those of Bitcoin, with an emphasis on peer-to-peer transactions and stores of value. It’s often considered a testbed for Bitcoin developments due to its close resemblance to the original cryptocurrency’s design. As cryptocurrencies gain mainstream recognition, Litecoin stands as an accessible entry point for newcomers, thanks to its lower price per coin compared to Bitcoin.
#Litecoin blockchain size shows parabolic move with quadruple growth over the last 3 years, reaching 120 GB. Parabolic growth over the long period of time shows continuously increasing values in shorter periods. pic.twitter.com/BU9ujjVqHE
— Don Victoro (@donvictoro) August 7, 2023
In recent news, Litecoin has been making efforts to stay relevant and innovative. The implementation of the MimbleWimble privacy protocol is one such development, aiming to enhance the privacy and fungibility of LTC transactions. Additionally, partnerships with various payment processors have widened the avenues for Litecoin adoption in retail and online businesses.
Now, all these coins you can buy them on the BYDFi exchange. Let’s discover more about it.
What is the BYDFi exchange?
At its core, BYDFi Exchange offers a seamless and secure platform for trading various cryptocurrencies. Enabling users to engage in swaps, trades, and yield farming. What sets BYDFI apart is its commitment to community governance, allowing users to actively participate in shaping the platform’s direction through decentralized decision-making. And its policy for on-ramps that allow Americans, Canadians, and other difficult markets to use the exchange.
At the time of writing this article, according to CoinGecko, BYDFi has a 24-hour trading volume of $124.6 million.
— BYDFi (@BYDFi) July 26, 2023
Did you know that BYDFi offers trading 400+ tokens with no KYC? You can also trade with only 0.6% futures & 0.1% spot fees, receive free trading signals, and earn nearly $2,000 in bonuses. For more info just click here.
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The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by BYDFI. Copyright Altcoin Buzz Pte Ltd.