This converts to around three to seven transactions per second, depending on the size of the transaction.

BitDAO is currently one of the largest DAO in the world. At present, it is mainly supported and assisted by Peter Thiel, Founders Fund, Pantera, Dragonfly, Spartan, Bybit, etc. Among them, Bybit promises to make regular contributions to BitDAO's treasury every year. According to statistics, only Bybit's contribution to BitDAO will exceed US $1 billion in 2022.

XRP Ledger (XRPL) is an open-source platform with a fast transaction throughput of 1500 transactions per second and low transaction fees.

Most blockchains are designed as decentralised databases and function as the equivalent of a distributed digital ledger.

Ether is the other mainstream currency alongside Bitcoin. Among the thousands of virtual currencies, Ethereum has the second largest market capitalization in the world, after bitcoin.

It is the same as understanding what is Ethereum first.

Litecoin was one of the first cryptocurrencies to enter the market. When it was first launched in 2011, it was known as "Bitcoin Gold and Lite Silver" alongside Bitcoin because its blockchain was mostly derived from the Bitcoin code.

Dogecoin is an open source P2P cryptocurrency created by Billy Markus, an IBM software engineer, and Jackson Palmer, an Adobe software engineer.

The network uses a native token called Lumens, which acts as a bridge to reduce the cost of cross-border transactions.