Buddha is a type of cryptocurrency, which can be spent and traded just like any other currency. However, the main difference is unlike bank issued currencies, Buddha has no central authority or anyone controlling Buddha. Buddha is controlled only by its users. |
| Launched |
|---|
2020 |
Website: |
| Asset type |
Token |
| Blockchain list |
Nectar was originally launched in 2017 by the Bitfinex spin-off exchange, Ethfinex — a team based out of London, UK — with the purpose of rewarding market makers for the value they create whilst simultaneously serving as the primary voting mechanism, allowing traders to govern the exchange and decide, among other things, which tokens they wish to see listed next. The project was designed to experiment with and develop novel governance processes with the aim of solving pain points seen with centralized exchanges including opaque and costly token listing procedures. |
| Launched |
|---|
2017 |
Website: |
| Asset type |
Token |
| Blockchain list |
Buddha is a type of cryptocurrency, which can be spent and traded just like any other currency. However, the main difference is unlike bank issued currencies, Buddha has no central authority or anyone controlling Buddha. Buddha is controlled only by its users. | Nectar was originally launched in 2017 by the Bitfinex spin-off exchange, Ethfinex — a team based out of London, UK — with the purpose of rewarding market makers for the value they create whilst simultaneously serving as the primary voting mechanism, allowing traders to govern the exchange and decide, among other things, which tokens they wish to see listed next. The project was designed to experiment with and develop novel governance processes with the aim of solving pain points seen with centralized exchanges including opaque and costly token listing procedures. |
| Launched | |
|---|---|
2020 | 2017 |
Website: | Website: |
| Asset type | |
Token | Token |
| Blockchain list | |
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First things first: the market capitalization. It's always better to invest in a well-established coin than a relatively new project. A large market cap means low volatility, whereas a small market cap means the coin will be extremely volatile and risky to trade – but can also bring huge rewards.
See if the coin has reasonable market cap and valuation for now – sometimes people speculate with coins which don't deserve a single dollar spent on them.
Proof-of-Work, Proof-of-Stake, or any other algorithm. Every protocol uses a specific algorithm for consensus – and therefore it brings some particular traits and advantages. Compare both coins by the consensus mechanism to find similarities and differences. Does it fit your preferences?
Every blockchain has a particular transaction throughput (TPS) level. The higher the transaction speed, the better – but do not consider this to be a primary factor in choosing a blockchain. Layer-2 solutions are also essential for scalability.
Supply and emission schedule play a crucial role in determining the price of any coin on the market. See how many coins will ever exist and how many are already in circulation. How are new coins emitted? Will there be any further halvings or supply increases?
Finally, it all comes down to real adoption. What real-world problems does the coin help solve? How active is the community around it? Does it have real use cases and on-chain activity statistics?
Neither of these coins is a better option in every possible situation – they serve different users. Determine which of them matches your preferences and needs the most, and make your decision accordingly.
Cryptogeek.info publishes independent, factual comparisons. Our ratings are not influenced by commercial relationships.
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