Which Cryptocurrencies Should I Know About?
How many Cryptocurrencies are there?
What do you think?
Let me tell you.
North of 2000 and more are being added every day.
I am going to discuss the few most important cryptocurrencies.
Bitcoin has been revolutionary since its inception.
All bitcoin need is a celebration, not an explanation.
Experts predict that its unit price is going to surpass $1 million.
Need I say more ?!
ALSO READ: Advantages and Disadvantages of Bitcoin
If you’re looking beyond bitcoin, ethereum must be your top priority.
Ethereum has multiple features which might take it ahead of bitcoin.
Main features include Smart Contracts, DAPPs (decentralized applications), DAOs (Decentralized autonomous organizations).
Tether was created by Tether Limited.
Unlike other cryptocurrencies, it was designed to always remain stable.
i.e each tether token will always be equal to $1.
It was basically created to provide better liquidity and fence against market volatility.
Ripple was created by US-based Ripple Labs Inc.
It is based on decentralized blockchain technology.
It can transfer and confirm transactions in 5 seconds.
Chainlink was originated in 2017.
It is a decentralized oracle network made to close the gap between smart contracts and real-time data.
Bitcoin Cash (BCH)
Bitcoin cash aka Bcash is based on the protocols of bitcoin.
It runs without any congestion and transactions are confirmed in mere seconds/minutes with much less fee than bitcoin.
Polkadot was created to solve many of the issues that blockchains face such as interoperability, development.
It provides transfers of data, tokens, or assets across multiple blockchains.
Binance Coin (BNB)
Binance coin is based on its own blockchain called Binance Chain.
BNB supply is limited to 200 million tokens.
It is mainly available on Binance exchange to provide incentives for buying other cryptocurrencies.
It was created in 2011 by Charlie Lee.
Litecoin is a peer-to-peer-based decentralized currency free of censorship.
LTC supply is limited to 84 million.
Litecoins can be mined on consumer-grade computers.
Bitcoin SV (BSV)
Bitcoin SV stands for Bitcoin Satoshi’s Vision.
BSV can confirm 140,000 transactions in a second while its predecessor (bitcoin) can only confirm 7 transactions in a second.
EOS is the 12th largest cryptocurrency in the world by market capitalization.
It is based on open-source blockchain protocols which allow individuals and businesses to create web-based applications like DAPPs.
It was founded in 2017 by Justin Sun.
TRX is one of the largest blockchain-based operating systems in the world.
It can handle 2000 transactions per second.
Its main purpose is to decentralize the web.
TRON also has more than 9 million holders!
Stellar was founded in 2014.
Stellar is based on open-source decentralized protocols and it allows users to trade in any form of digital or fiat currency.
It is designed to bring all the different forms of money on a single network.
Released in 2014, XMR is an untraceable cryptocurrency.
It also provides complete anonymity to its users.
Monero is the ideal choice for anyone dealing in illegal trades.
Dash was released in 2014. It was forked from the bitcoin protocol.
With it, you can send and receive money instantly anywhere.
It has a transaction fee of less than $0.01 and that makes it an ideal choice for many day-to-day cryptocurrency users.
Ethereum Classic (ETC)
Ethereum Classic (ETC) is the original ethereum blockchain currency.
ETH was forked from ethereum classic. It also provides smart contracts without any censorship and third-party interference.
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