Utility And Governance Tokens In Cryptocurrency Training Ppt

Slide 1

This slide discusses utility tokens as a type of altcoin.Utility tokens are used to deliver network services. They could be used to buy services, pay network costs, or redeem rewards.

Slide 2

This slide discusses governance tokens as a type of altcoin. Governance tokens grant holders certain privileges on a blockchain, such as voting on protocol modifications or having a role in Decentralized Autonomous Organization decisions (DAO). Examples are: Uniswap (UNI) and Compound (COMP).

Slide 3

This slide lists advantages and disadvantages of altcoins. The benefits include high potential rewards, certain advantages over Bitcoin, and the presence of multiple coins that bring different competitive advantages. The drawbacks are that they don’t have a first-mover advantage, many of them are scams or fail, and that they are difficult to obtain being available only on a few exchanges.

Slide 4

This slide tells us how Altcoins differ from Bitcoin. Bitcoin is an older cryptocurrency launched in 2009, and new altcoins are regularly issued. Altcoins, except stablecoins, have a higher risk and reward potential as a cryptocurrency investment.

Instructor’s Notes: 

Altcoins are more sophisticated, and they've improved on Bitcoin's technology since its release. Many cryptocurrencies outperform Bitcoin in terms of transaction speeds and costs.

Slide 5

This slide lists popular Altcoins. These include Ethereum, Cardano, Solana, and USD Coin 

Instructor’s Notes: 

• Ethereum: Ethereum was the first cryptocurrency to introduce a programmable blockchain for developers in July 2015. It rapidly overtook Bitcoin as the most popular cryptocurrency
• Cardano: Cardano is a two-layer solution with a difference. The platform has a control layer and a unit of account that manages the use of smart contracts, recognizes identity, and maintains a degree of separation from the money it supports
• Solana: Solana is an open-source project founded and managed by the Solana Foundation in Geneva in 2017. Solana Labs in San Francisco developed the blockchain. Compared to other blockchains like Ethereum, Solana is substantially faster in transaction processing and has significantly cheaper transaction costs
• USD Coin: USD Coin, a stablecoin launched in September 2018 is linked to the US dollar. Centre, a consortium that includes Coinbase Global, Inc., founded this coin