Altcoin Analysis

Toncoin, in simple terms:

Toncoin is a cryptocurrency developed to power "The Open Network" (TON), which was initially conceptualized by the encrypted messaging app Telegram, but later became a standalone community-led project.

Being a Layer 1 project, Toncoin is competing with Ethereum, Solana, B...

Ethereum, in simple terms

Ethereum is what we call "a layer one solution" (L1), meaning that it is an independent blockchain with its own validation mechanism. 

What is important, is that you can build stuff on it. 

Just like websites...

Akash Network, in simple terms

Akash Network (AKT) is an open-source cloud computing marketplace. 

It leverages blockchain technology to provide a decentralized alternative to traditional cloud service providers like Amazon Web Services (AWS), Google Cloud, and Microsoft Azure.

They call themself...

Filecoin, in simple terms

Filecoin is a digital storage network that functions like a marketplace for data storage and retrieval. Here’s a simple breakdown of how it works:

• Decentralized Storage: Anyone with extra storage space on their computer can become a storage provider on the Filecoin netw...

Render, in simple terms:

Render is essentially an open marketplace for GPU (Graphics Processing Unit) power.

It connects individuals or companies needing graphics rendering services with those who have idle computer processing power to offer.

How it works:

• Service Users: These are individuals ...

Aave, in simple terms

Aave is a decentralized finance protocol. 

Its main function is to let users lend, borrow, and earn interest in crypto assets, all without a centralized authority.

Like most DeFi applications, Aave started running natively on the Ethereum blockchain, where its operations are...

The Sandbox, in simple terms

The Sandbox is a virtual world where users can create, own, and monetize their gaming experiences using the Ethereum blockchain.

It operates much like a digital playground, where players use the platform's native token, SAND, to buy land and assets or to create and pl...

Jupiter, in simple terms:

Jupiter is a dApp built on Solana.

It is a so-called "DEX aggregator" which differentiates it from other decentralized exchanges (DEXs). 

Let's break down what a DEX aggregator is. 

Jupiter works like a decentralized exchange in the sense that it does the same job for t...

Uniswap, in simple terms

Uniswap is one of the largest decentralized exchanges for digital money. 

Think of it as a big vending machine for cryptocurrencies, where you can swap one type of digital money for another anytime you want.

The "vending machine" has three main parts:

1. Liquidity Pools: ...