Coin Description


Bitcoin is a form of electronic cash, invented by Satoshi Nakamoto. It is a decentralized digital currency without a central bank or single administrator, and allows user to transact directly from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. As the first cryptocurrency, Bitcoin currently holds the largest market capitalization and value right now.


Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. As the second largest cryptocurrency just behind Bitcoin, though both are distributed public blockchain network, there are significant differences between those two, with the main difference being while the Bitcoin blockchain is used to track ownership of digital currency (bitcoins), the Ethereum blockchain focuses on running the programming code of any decentralized application (dApps).


The Ripple platform (RippleNet) is an open source protocol which is designed to allow for extremely fast and extremely cheap transactions. It is a network of institutional payment-providers such as banks and money services businesses that use solutions developed by Ripple to provide a frictionless experience to send money globally.


Soarcoin provides a use case for storing and processing digital transactions in a secure manner while providing instantaneous transfer of value anywhere in the world, with no borders or limits. Built on the Ethereum blockchain, Soarcoin claims to be the most suitable remittance systems for unbanked developing countries, to improve efficiency in payments and transactions. With the partnerships and together with the SOAR Accelerator Programme, Soar Labs aim to create a full functioning ecosystem. This will help the unbanked communities in a way never before in a regional level, and making Soar Labs a real organisation with many different bodies.


BeefLedger is driven by a belief that consumers and all supply chain participants can benefit from greater transparency and streamlined transaction via blockchain technology. While food safety and fraud concerns are massive issues in the world right now, BeefLedger is developing and commercialising an integrated blockchain-enabled beef provenance platform and smart contracting payment regime that strengthens consumer confidence in product credentialing.


While SOARUSD is NOT actual US Dollar, it is a stablecoin pegged to the USD created by Soar Labs for use on SoarExchange to minimize price volatility.

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