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The Major Cryptocurrencies (August 2019)

The Major Cryptocurrencies.

Dash (originally known as Darkcoin)

https://www.dash.org/

Dash offers more anonymity as it works on a decentralized master code network that makes transactions almost untraceable. Dash has a market cap of $640.76 million and a per token value of $74.32.

 

Stellar Lumens

https://www.coinbase.com/earn/stellar

Other unique features of Stellar are the consensus protocol called the FBA algorithm and a decentralized exchange. Stellar’s primary coin is called Lumens (XLM)

 

Litecoin (LTC)

https://litecoin.org/

Litecoin is like Bitcoin in many ways, it has a faster block generation rate and hence offers a faster transaction confirmation.

 

Ethereum

https://www.ethereum.org/

Not purely a digital currency. Ethereum blockchain network also offers a platform for decentralized application development, basically harnessing the power of thousands of computers. It has the second highest Market Cap after Bitcoin. It also has Smart Contracts.

 

Facebook

The launch of its Calibra cryptocurrency wallet, which will be available in WhatsApp as well as in Messenger and as a standalone app, in 2020.

Facebook said: “… Calibra … a new global currency powered by blockchain technology,” “From the beginning, Calibra will let you send Libra to almost anyone with a smartphone, as easily and instantly as you might send a text message and at low to no cost…”

 

Cardano (ADA)

https://www.cardano.org/en/home/

Aims to solve some of the most pressing problems plaguing cryptocurrencies everywhere, including interoperability and scalability. It has a market cap of $1.16 billion and a per token value of $0.04.

 

EOS

https://eos.io/

Initial coin offering was one of the longest and most profitable in history, EOS offers a delegated proof-of-stake mechanism which it hopes to be able to offer scalability beyond its competitors.

 

Primecoin

http://primecoin.io/

It has a proof-of-work mechanism, built on prime numbers, and therefore different from the common system of hashcash utilized by many cryptocurrencies built on the Bitcoin framework.

 

IOTA

https://www.iota.org/

Stands for Internet of Things Application. I personally like their founding concept related to the payment ecosystem that will enable the Internet of Things. IOTA also claims it can deliver this without fees. Market capitalization: $1.63 billion.

 

Bitcoin

https://bitcoin.org/

The famous one, and the digital currency created by the mysterious Satoshi Nakamoto. At the time I wrote this article, 1Bitcoin was worth R173 7604.

 

Bitcoin Cash

https://www.bitcoincash.org/

Bitcoin miners adopted a new set of rules and guidelines, then split away from the primary Bitcoin blockchain to create a new blockchain that is now Bitcoin Cash. Their system has been adopted for better scalability. At the time I wrote this article, 1Bitcoin Cash was worth R5 056.

 

TRON

https://tron.network/

Objective is to “decentralize” the web so that musicians, artists and others can share their creations with the world without having to rely on a “centralized services.” Market capitalization: $1.52 billion.

 

Monero

https://www.getmonero.org/

Aimed at privacy, security, and intractability. Complete privacy using a special technique called “ring signatures.” Market capitalization: $1.56 billion.

 

Dogecoin

https://dogecoin.com/

This currency uses the technology of scrypt as a proof-of-work scheme. Its block time is 60 seconds. The digital currency deals with many coins that are lesser in value individually. Therefore, it has low entry barrier and is good for carrying out smaller transactions.

 

Peercoin

https://peercoin.net/

It was the first digital currency to use a combination of proof-of-work and proof-of-stake.

 

Ven

https://ven.vc/

Aimed at reducing the risk of inflation. The Ven value is determined on the financial markets from a basket of commodities, currencies and carbon futures.

 

Zcash

https://z.cash/

Uncompromising privacy.

 

NEO

https://neo.org/

The largest cryptocurrency which has emerged from China and has a market cap of $492.48 million and a value per token of $7.58.

 

Chinacoin

http://www.chinacoin.com/ - website is not in English

Chinacoin is a litecoin-based digital currency that uses the scrypt password-based key derivation function.

 

Ripple

https://www.ripple.com/

A real-time currency exchange, remittance network, and settlement system. It has advanced, decentralized payments protocol, enables banks to settle cross-border payments in real time and a few other things that are unique.

 

#cryptocurrency

Published August 2019

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