Hi guys, today I’m going to give you a list of the Top 20 Cryptocurrencies with a description of what they are! If you are interested in buying any type of Cryptocurrency I suggest using Binance as your Cryptocurrency Exchange, as they are one of the Most Secure exchanges and best of all they have the lowest fees out of all the Cryptocurrency exchanges! (All of the Cryptocurrency Prices on this post is updated every 15 minutes)
Bitcoin is a cryptocurrency that was created in 2008 by an anonymous person or group of persons known as Satoshi Nakamoto. When the currency’s implementation was released as open-source software in 2009, it went into usage.
This is seen as the most famous cryptocurrency and I don’t feel that will ever change!
If you want to learn how to make up to $300 in Bitcoin a day check out this blog post!
Ethereum is a decentralized, open-source blockchain that allows users to create smart contracts. The platform’s native coin is Ether. After Bitcoin, it is the second-largest cryptocurrency in terms of market valuation. The Ethereum blockchain is the most widely utilized.
3. Binance Coin
Binance Coin (BNB) is an Ethereum-based ERC20 token launched by the prominent cryptocurrency exchange Binance. You can pay a commission for transactions on the exchange using this coin. You will also receive additional discounts if you choose to do so. You will be able to earn a 50% discount in the first year, 25% in the second, 12.5 percent in the third, and 6.75 percent in the fourth. With a total supply of 200 million tokens, the token was created. Binance intends to utilize 20% of profits each quarter to buy back and burn BNB until 50% of the total BNB supply (100 million) has been burnt, according to the Whitepaper.
Cardano is a blockchain platform that is open to the public. It’s decentralized and open-source, with consensus obtained by proof of stake. With its own cryptocurrency Ada, it can support peer-to-peer transactions. Charles Hoskinson, a co-founder of Ethereum, established Cardano in 2015.
Dogecoin is a cryptocurrency that was founded as a joke by software programmers Billy Markus and Jackson Palmer, who wanted to make fun of the rampant cryptocurrency speculation of the time. Dogecoin’s emblem and name are inspired by the Shiba Inu dog from the “Doge” meme.
Here is a full tutorial on How to mine Dogecoin! And most other cryptocurrencies!
Tether is a cryptocurrency in which Tether Limited issues tokens. Previously, each token was said to be backed by one US dollar, but on March 14, 2019, the backing was amended to include loans to affiliate companies.
7. XRP (Ripple)
Ripple is a real-time gross settlement system, currency exchange, and remittance network developed by Ripple Labs Inc., a technology company based in the United States.
Polkadot is a heterogeneous multi-chain exchange and translation architecture that connects bespoke sidechains to public blockchains.
Gavin Wood, a co-founder of Ethereum, devised the protocol.
9. Internet Computer
According to CoinMarketCap, Internet Computer, a cryptocurrency that recently started on Monday, May 10th, has a roughly $35.8 billion market value and is currently selling at around $289. Like the Ethereum blockchain, the Internet Computer blockchain employs smart contracts to power a variety of apps and services.
10. Bitcoin Cash
Bitcoin Cash is a fork of the Bitcoin cryptocurrency. Bitcoin Cash is a cryptocurrency that was launched in 2017 as a spin-off or altcoin. Bitcoin Cash was split into two cryptocurrencies in November 2018: Bitcoin Cash and Bitcoin SV.
Uniswap is a cryptocurrency exchange technology that operates on a decentralized basis. The name of the business that created the Uniswap protocol is also Uniswap. The protocol allows for automatic transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts.
Litecoin is a cryptocurrency and open-source software project that was distributed under the MIT/X11 license. Litecoin is one of the oldest cryptocurrencies founded in October 2011 and has been experiencing zero downtime since then.
Chainlink (or Link) is a cryptocurrency and decentralized oracle network that offers real-world data to blockchains. It is one of the primary data sources used to feed information to decentralized finance apps. Chainlink is now ranked #12 in terms of market capitalization, down from its peak of #5 in 2020.
Stellar, or Stellar Lumens, is a decentralized open-source system for digital currency to fiat money transfers that enable cross-border transactions between two currencies.
15. USD Coin
USD Coin is a digital stable coin based on the Ethereum, Stellar, Algorand, and Solana blockchains that are tied to the US dollar. Each USDC is backed by a dollar held in reserve, and Grant Thornton attests to the USDC reserves regularly.
Solana (cryptocurrency) is a Dpos (Delegated-Proof-Of-Stake) consensus blockchain network that is quick, trustworthy, and scalable. Solana is designed for decentralized applications, markets, and enterprise apps. It provides scalability at a fast rate without fragmenting or compromising the decentralization principles.
17. Ethereum Classic
Ethereum Classic is a blockchain-based distributed computing platform with smart contract features that is open source. It uses transaction-based state transitions on a public Ethereum Virtual Machine to support a modified form of Nakamoto consensus.
VeChain is a distributed ledger technology platform that aims to improve supply chain management and business processes. Its purpose is to leverage distributed ledger technology to streamline these operations and information flow for complicated supply chains (DLT).
Polygon (MATIC) is an Ethereum token that is used to power the Polygon Network, an Ethereum multichain scaling solution. Polygon uses Layer 2 sidechains, which are blockchains that operate alongside the Ethereum main chain, to allow faster and cheaper transactions on Ethereum.
The blockchain system EOS.IO is based on the cryptocurrency EOS. The smart contract platform claims to be able to execute millions of transactions per second while also eliminating transaction fees.
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