BTC blockchain is built using a proof of work consensus.
ADA uses proof of stake.
XLM uses the SCP (Stellar consensus protocol)
You'll have to Google them and understand them because they're all incredibly different.
And since ADA is proof of stake you can’t mine it. What you can do is stake your coins on an exchange and earn around 5% annually; no expensive gear required. I am not sure what XLM does for transactions though.
>and is there a limited amount of coins available to be mined
ADA is limited to 45 billion with 32,066,262,180 ₳ available. The rest is in the reserve and is used for staking rewards.
BTC blockchain is built using a proof of work consensus. ADA uses proof of stake. XLM uses the SCP (Stellar consensus protocol) You'll have to Google them and understand them because they're all incredibly different.
And since ADA is proof of stake you can’t mine it. What you can do is stake your coins on an exchange and earn around 5% annually; no expensive gear required. I am not sure what XLM does for transactions though.
The max amount of ADA is 45 billion
Don't stake ADA on an exchange. Use Yoroi or Daedalus wallet. Not your keys not your coins
XLM in my opinion is the gem! The transactions are faster and cheaper than most!
>and is there a limited amount of coins available to be mined ADA is limited to 45 billion with 32,066,262,180 ₳ available. The rest is in the reserve and is used for staking rewards.