Launched in 2020 by Ava Labs, Avalanche is a high-performance Layer 1 blockchain network that aims to solve the blockchain trilemma of security, decentralization, and scalability with the help of its specifically developed consensus mechanism named Snowball. Like its direct competitors Ethereum, Solana, and Polkadot, the Avalanche network supports smart contracts and decentralized applications (Dapps) to run on its blockchains.
A smart contract is a computer programming code that is executed and runs on a blockchain. While usually called self-executing code agreements, smart contracts need input to automatically create an output. Usually, the output is triggered according to a set of terms that have to be met.
Ravencoin is an open-source, decentralized protocol that is optimized for transferring crypto assets from one party to another. Ravencoin was launched in 2018 as a fork of the Bitcoin blockchain’s code. The new Raven blockchain includes some upgrades to Bitcoin’s original code such as the block reward time, number of coins issued as well as asset creation and messaging capabilities.
Function X, commonly referred to as f(x), is a multi-layered decentralized finance (DeFi) ecosystem that was developed in 2019 by Pundi X Labs. It describes itself as a universal decentralized internet that is powered by blockchain technology and smart devices. Function X wants to mirror traditional finance products on the Function X network. It allows developers to easily create customized blockchains using their subnet solution, thereby automatically inheriting Function X’s speed and security.
A Bitcoin exchange-traded fund (ETF) is an investment vehicle that tracks the price of BTC or assets associated with bitcoin’s price, like futures. It’s traded on traditional stock market exchanges rather than on crypto exchanges. A Bitcoin ETF gives investors exposure to BTC without the need to actually own and hold the crypto asset.