{"id":21892,"date":"2023-01-24T09:46:21","date_gmt":"2023-01-24T09:46:21","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=21892"},"modified":"2024-03-14T11:32:58","modified_gmt":"2024-03-14T11:32:58","slug":"top-3-blockchain-projects-to-know-about","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/top-3-blockchain-projects-to-know-about","title":{"rendered":"Top 3 Blockchain Projects to Know About"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/top-3-blockchain-projects-to-know-about\/#Introduction_About_Blockchain\" title=\"Introduction About Blockchain\">Introduction About Blockchain<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/top-3-blockchain-projects-to-know-about\/#Top_3_Blockchain_Projects\" title=\"Top 3 Blockchain Projects\">Top 3 Blockchain Projects<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/in\/blog\/top-3-blockchain-projects-to-know-about\/#Ethereum\" title=\"Ethereum\">Ethereum<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/in\/blog\/top-3-blockchain-projects-to-know-about\/#PancakeSwap\" title=\"PancakeSwap\">PancakeSwap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/zebpay.com\/in\/blog\/top-3-blockchain-projects-to-know-about\/#Decentraland\" title=\"Decentraland\">Decentraland<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<p>Blockchain has emerged as one of the most prominent innovations in the last decade. It has revolutionized fields like finance and art and is making its way into gaming too. As such, there are thousands of new players in the market, which can be confusing for new investors and users. So here are the three most popular blockchains with varied applications that you should know about.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_About_Blockchain\"><\/span>Introduction About Blockchain<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Blockchain was first introduced with the launch of Bitcoin in 2008. It is a decentralised, digital ledger of transactions available to anyone around the world. It is also known as \u201cdistributed ledger technology\u201d.&nbsp;<\/p>\n\n\n\n<p>It emerged as a way to increase transparency, streamline supply chains and simplify the process of transactions. Transactions on a blockchain are visible to all users, cannot be altered or deleted and can be completed in just a few seconds.&nbsp;<\/p>\n\n\n\n<p>New features like smart contracts and decentralised applications have led to even greater interest in the field, with many users participating in games or financial applications built on the blockchain.<\/p>\n\n\n\n<p>Read more: <a href=\"https:\/\/zebpay.com\/in\/blog\/what-is-blockchain-layer-0-1-2-and-3\" target=\"_blank\" rel=\"noreferrer noopener\">What are Blockchain Layers<\/a>\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Top_3_Blockchain_Projects\"><\/span>Top 3 Blockchain Projects<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Here are the top blockchain projects you should know about.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ethereum\"><\/span><strong>Ethereum<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the early years of crypto, there was very little diversity in the field. Most tokens on the market served the same purpose as Bitcoin, with only some minor changes to improve the user experience or functioning of the blockchain. All this changed with Ethereum.&nbsp;<\/p>\n\n\n\n<p>Launched in 2015, Ethereum is a blockchain platform that allows users to create and develop new experiences on the blockchain. It is a programmable, secure and decentralized platform that can be used by any developer to create dApps (Decentralized applications).&nbsp;<\/p>\n\n\n\n<p>The key feature that sets Ethereum apart from other blockchains at the time is the inclusion of smart contracts. <a href=\"https:\/\/zebpay.com\/in\/blog\/smart-contracts-on-the-blockchain\" target=\"_blank\" rel=\"noreferrer noopener\">Smart contracts<\/a> are basically sets of code that execute automatically when certain conditions are met. This is highly beneficial in a decentralised platform, as it eliminates the need for a trusted third party to verify a contract. The blockchain takes care of it automatically.\u00a0<\/p>\n\n\n\n<p>On a centralized platform like Visa, transactions can be verified by the company itself. However, there is no central authority in Ethereum. To solve this verification problem, it uses a consensus mechanism called <a href=\"https:\/\/zebpay.com\/in\/blog\/proof-of-stake-explained\" target=\"_blank\" rel=\"noreferrer noopener\">Proof of Stake<\/a>.\u00a0<\/p>\n\n\n\n<p>Under this system, individuals \u201cstake\u201d or lock in their tokens to help secure the network. Those that stake their tokens get a chance to validate transactions and add them to the blockchain. Successfully validating a \u201cblock\u201d of transactions grants you rewards in the form of Ethereum.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"PancakeSwap\"><\/span><strong>PancakeSwap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Decentralised finance is a major innovation aided by the rise of blockchain technology. One such DeFi application is PancakeSwap. It is a decentralised crypto exchange (DEX) that allows you to buy and sell tokens without the need for a central authority.&nbsp;<\/p>\n\n\n\n<p>Other DEXs in the industry usually use the Ethereum blockchain, but PancakeSwap operates on the BNB chain. Ethereum is notorious for its high gas fees and network congestion. The BNB chain alleviates these problems and allows PancakeSwap to be fast and cheap to use.&nbsp;<\/p>\n\n\n\n<p>Read more: <a href=\"https:\/\/zebpay.com\/in\/blog\/what-is-pancakeswap-cake\" target=\"_blank\" rel=\"noreferrer noopener\">What is PancakeSwap<\/a><\/p>\n\n\n\n<p><strong>How does PancakeSwap work?<\/strong> : It uses a system known as \u201cAutomated Market Maker\u201d or AMM. On a traditional exchange, buyers and sellers are matched so that trades can be completed. But an AMM does not have a counterparty. Instead, users trade with \u201cliquidity pools\u201d<\/p>\n\n\n\n<p>A liquidity pool is a smart contract that holds a supply of crypto tokens. These tokens can be lent out to platforms to meet their liquidity needs. PancakeSwap thus draws from these liquidity pools to immediately fulfil a trader\u2019s order. You do not have to worry about finding a counterparty to the trade as it executes automatically.&nbsp;<\/p>\n\n\n\n<p>You can earn through PancakeSwap in many ways. The first is called \u201cLiquidity farming\u201d. In this process, you provide your crypto funds to these liquidity pools as funds for lending. In return, you receive interest and rewards in the form of more crypto tokens. Alternatively, you can also stake tokens on the platform to earn a passive income.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Decentraland\"><\/span><strong>Decentraland<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Decentraland is one of the earliest <a href=\"https:\/\/zebpay.com\/in\/blog\/the-revolution-metaverse\" target=\"_blank\" rel=\"noreferrer noopener\">Metaverse<\/a> platforms in the world. It offers a vast, immersive game platform where you can build, fight, interact with the world and trade virtual goods in a marketplace. But unlike other online games, you actually own everything you earn in-game.\u00a0<\/p>\n\n\n\n<p>All in-game items like currencies, clothing, accessories and even <a href=\"https:\/\/zebpay.com\/in\/blog\/buying-unlimited-space-on-metaverse-is-easy\" target=\"_blank\" rel=\"noreferrer noopener\">virtual real estate<\/a> are NFTs. Therefore, you truly own everything you collect and can buy and sell them using crypto tokens. This provides for a more engaging game experience where you are rewarded for your time invested.\u00a0<\/p>\n\n\n\n<p>There are three main features of Decentraland<\/p>\n\n\n\n<ul>\n<li><strong>Create New Experiences<\/strong> &#8211; Decentraland allows you to build immersive gaming experiences for other users to experience. From villages to dungeons and entire cities, anything is possible. Building on your land also enables you to earn from it, as you can monetize entry to the experience.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li><strong>Marketplace<\/strong> &#8211; Decentraland has a thriving marketplace where you can buy and sell in-game items with other players. This includes clothes, land and even in-game names. Each purchase allows you to display your creativity and wear the latest fashion through your avatars.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li><strong>Decentralised<\/strong> &#8211; There is no single company or entity in control of Decentraland. Instead, it is governed by its users. If you own the native token of the platform &#8211; MANA &#8211; you can participate in decision-making and vote on key issues such as treasury decisions, platform upgrades and other such matters.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>If you are interested in gaming or shared virtual spaces, <a href=\"https:\/\/zebpay.com\/in\/blog\/what-is-decentraland-mana\" target=\"_blank\" rel=\"noreferrer noopener\">Decentraland<\/a> is an interesting platform to explore.\u00a0<\/p>\n\n\n\n<p>You can now trade Ethereum, PancakeSwap and Decentraland (MANA) on ZebPay.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color wp-element-button\" href=\"https:\/\/connect.zebpay.com\/account\/UserRegistration?returnUrl=%2FAccount%2FCampaignRegister\" target=\"_blank\" rel=\"noreferrer noopener\">Trade Now<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain has emerged as one of the most prominent innovations in the last decade. It has revolutionized fields like finance and art and is making its way into gaming too. As such, there are thousands of new players in the market, which can be confusing for new investors and users. So here are the three [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":21893,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14],"tags":[16],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/21892"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=21892"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/21892\/revisions"}],"predecessor-version":[{"id":27817,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/21892\/revisions\/27817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/21893"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=21892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=21892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=21892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}