– Bitcoin (BTC): The original.Satoshi Nakamoto, the creator, said its purpose was to allow “online payments to be sent directly from one party to another without going through a financial institution.” – Ethereum (ETH): Ethereum is the wonder child of crypto, acts as an infrastructure for more than 70% of decentralized applications.ETH introduced smart contracts, which are like programs with specific procedures that, once deployed, no one can change.- Tether (USDT): A centralized stable coin tied to the US Dollar, considered the most stable one.
– Polkadot (DOT): Open-source protocol aimed at connecting all different blockchains and allowing them to work together, also allows transfers of any data.- Cardano (ADA): A blockchain, trying to improve scalability, interoperability, and sustainability of cryptocurrencies.The holders or the community have the right to vote on any proposed changes in the software.- Ripple (XRP): Centralized coin, most people don’t see a future for it after the U.S.
Securities and Exchange Commission went after it, some believe it’ll be on the moon if they win the case.- Binance Coin (BNB): Coin associated with the Binance exchange, the most popular centralized exchange, hence has some value.- Litecoin (LTC): Bitcoin’s cousin, with faster transactions and lower fees.- Chainlink (LINK): The main idea is to LINK smart contracts with real-world data, verifying that if the data is correct.- Dogecoin (DOGE): If you’re new to the Crypto world, thanks to this meme coin, that’s all the description It has, a meme coin.- Bitcoin Cash (BCH): Fork or a copy of Bitcoin which tries to lower transaction fees and increase scalability but has been surpassed technology-wise by many other coins aiming to do just the same.- Stellar (XLM): Talking about currencies, XLM is one of the coins aiming to do just that, with fast processing times and low fees.It has also already become a stable coin! One of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterward, its priorities shifted to helping financial firms connect with one another through blockchain technology.
– USD Coin (USDC): Yet another centralized stablecoin tied to the dollar, like USDT.- Aave (AAVE): Take a bank and make it decentralized, where the liquidity comes from the users and they earn fees from borrowings.Also Read: [What’s the difference between a coin and a token?] – Uniswap (UNI): Another DeFi like Aave, an exchange like Binance, just decentralized.- Wrapped Bitcoin (WBTC): Bitcoin wrapped in ethereum to be used in DeFi applications.
– Bitcoin SV (BSV): It is a fork or copy of Bitcoin Cash (which is again a fork of Bitcoin).Once again, the reason behind this is to “stay true to Satoshi vision”, trying to improve scalability and stability.- EOS (EOS): Another blockchain, aimed at being highly scalable for commercial use.It aims to make it as straightforward as possible for programmers to embrace blockchain technology.- Elrond (EGLD): Blockchain architecture focused on scalability and high throughput, achieving this by partitioning the chain state and an improved Proof of Stake mechanism.
– TRON (TRX): It is one of the most popular blockchain to build decentralized applications on.Other purposes include delivering simple distributed file sharing, driving content creation through financial rewards, allowing content creators to launch their own personal tokens, and decentralizing the gaming industry.- Cosmos (ATOM): Several independent blockchains trying to create an “internet of blockchains”.
– NEM (XEM): instead of controlling just money, you can control stock ownership, contracts, medical records, and stuff like that with this.- Monero (XMR): Monero’s goal is simple: to allow transactions to take place privately and with anonymity.Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent.On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.Obviously, this made this coin the go-to on the dark web.- THETA (THETA): Decentralized video delivery network (peer-to-peer streaming).The token performs various governance tasks within the network.
– Tezos (XTZ): Another blockchain for smart contracts, but more eco-friendly and overall trying to encompass different advancements introduced by different blockchains in a single protocol.- Terra (LUNA): Aiming to support a global payment network, it tries to create a decentralized stable coin with an elastic money supply, enabled by stable mining incentives.Its related stablecoin is TerraUSD.- Maker (MKR): MakerDAO is the organization behind DAI, one of the most famous stable coins.MKR is a token that allows you to receive dividends and vote in governing the system.
– Synthetix (SNX): Protocol on the ethereum blockchain aiming to allow trading of derivatives (shorting or going long on a certain asset).- Avalanche (AVAX): Open-source platform aiming to become a global asset exchange, where anyone can launch any form of asset and control it in a decentralized way with smart contracts.
It claims to be lightweight, with high throughput, and scalable.- VeChain (VET): A blockchain focusing on business use-cases more than on technology, bringing this technology to the masses without them even knowing they’re using it.- Compound (COMP): It’s the Bitcoin of DeFi.It was the first-mover and without him, many other projects wouldn’t be around today.- IOTA (MIOTA): Open-source decentralized cryptocurrency engineered for the Internet of Things, with zero transaction fees and high scalability since it uses a blockless blockchain where users and verifiers of transactions are the same.- Neo (NEO): Blockchain application platform and cryptocurrency for digitized identities and assets, aiming to create a smart economy.
It was one of the coins that suffered most after the 2018 bull run.- Solana (SOL): Another blockchain aimed at providing super-high-speed transactions.It claims to be able to process 50k transactions per second and be perfect to deploy scalable crypto applications.- Dai (DAI): The decentralized stablecoin of MakerDAO(no.27), tied to the dollar.- Huobi Token (HT): It’s the official token of Huobi (a centralized exchange), providing advantages similar to BNB (Binance’s), for example, fees and discounts.
– SushiSwap (SUSHI): A clone of UniSwap (so a decentralized exchange), where there’s a token (SUSHI) given as an additional reward for liquidity providers and farmers.- Binance USD (BUSD): Stablecoin issued by Binance, tied to USD.- FTX Token (FTT): It’s a token related to FTX, a platform allowing you to trade leveraged tokens based on the Ethereum blockchain.The token allows for lower fees and socialized gains.- Crypto.com Coin (CRO): The token of Crypto.com public blockchain, that tries to enable transactions worldwide between people and businesses.- Filecoin (FIL): A decentralized storage system, trying to decentralize cloud storage services.
– UMA (UMA): It builds open-source infrastructure in order to create synthetic tokens on the Ethereum blockchain.- UNUS SED LEO (LEO): Another token, this time related to the iFinex ecosystem which allows you to save money on trading fees in Bitfinex.- BitTorrent (BTT): BitTorrent is a famous peer-to-peer file sharing platform.It is trying to get more decentralized by introducing its token, which grants you some benefits such as increased download speeds.- Celsius (CEL): Celsius is one of the first banking platforms for cryptocurrency users, where you can earn interest, borrow cash and make payments/transfers.
The CEL token grants you some benefits such as increased payouts.- Algorand (ALGO): Algorand is a blockchain network aiming to improve scalability and security.ALGO is the native cryptocurrency of the network, used for a borderless economy and to secure stability in the blockchain.- Dash (DASH): It is a fork of Litecoin launched in 2014, focused on improving the transaction times of the blockchain and becoming a cheap, decentralized payments network.- Decred (DCR): it is a blockchain-based cryptocurrency aimed at facilitating open governance and community interaction.It achieves this by avoiding monopoly over voting status in the project itself, giving to all DCR holders the same amount of decision-making power.- The Graph (GRT): Trying to become the decentralized Google, it is an indexing protocol for querying networks like Ethereum.
It allows everyone to publish open APIs that applications can query to retrieve blockchain data.- yearn.finance (YFI): Part of the DeFi ecosystem, it is an aggregator that tries to simplify the DeFi space for investors, automating the process of maximizing the profits from yield farming..
