Top 50 Cryptocurrencies Explained in 50 Sentences – The Merkle

With the immeasurable volume of new blockchain and cryptocurrency platforms out there it is easy to get impressed when looking for a plan to invest or get concerned with. This essay summarizes each of the tip 50 cryptos, formed on the ranking from coinmarketcap at the time of writing.

1. Bitcoin

The grandfather of crypto, secure decentralized sell and store of value.

2. Ethereum

Number one intelligent contracts and token platform, personality in providing a strong height for decentralized app development.

3. Ripple

Fast and secure transactions, identical to Bitcoin but targeted towards financial institutions.

4. Bitcoin Cash

Bitcoin fork that provides cheaper sell and a more open growth process.

5. Cardano

Established by a co-founder of Ethereum, Smart contracts platform, the “Ethereum of Japan.”

6. Litecoin

What Silver is to Gold, Litecoin is to Bitcoin.

7. NEM

World’s first “Smart Asset” blockchain.

8. Stellar

Just like Ripple, caters more towards end users rather than financial institutions.

9. IOTA

No mining, no blocks, no transaction fees, vast nano payments.

10. DASH

Digital Cash, private sell around masternodes, discerning acknowledgment times and low fees.

11. NEO

Smart contracts ecosystem identical to Ethereum, idea is to be a height for a new intelligent economy, China’s largest cryptocurrency.

12. TRON

ERC20 token, idea is to be a decentralized party calm pity platform.

13. Monero

Number one banking for unknown transactions.

14. EOS

Smart contracts height identical to Ethereum, but with opening and scalability benefits.

15. ICON

Wants to “Hyperconnect the World” by building one of the largest decentralized tellurian networks.

16. Bitcoin Gold

Bitcoin fork that uses a new POW algorithm and faster retard problem adjustment, eventually permitting for GPU mining.

17. Qtum

Singapore-based Ethereum and Bitcoin hybrid.

18. RaiBlocks

Focuses on scaling and 0 price transactions.

19. Ethereum Classic

Ethereum flare that didn’t return the hacked DAO funds.

20. Lisk

Smart contracts height identical to Ethereum but formed on Javascript.

21. Verge

Just like Bitcoin, but faster transactions with tor integration.

22. OmiseGO

ERC20 token, extention of the association OMISE – remuneration processor in Asia.

23. Siacoin

Distributed cloud storage platform

24. BitConnect

Branded a Ponzi intrigue by regulators and investors, allows for lending of Bitcoin using their platform.

25. ZCash

Privacy centric cryptocurrency identical to Monero but with a different protocol.

26. Bytecoin

Just like Bitcoin but with faster sell and a different POW algorithm

27. Populous

 

Ethereum formed height designed for check and trade finance.

28. Stratis

BaaS (Blockchain as a Service), allows companies to emanate their possess private blockchains and applications to run on those ledgers.

29. Binance Coin

ERC20 token released by the Binance exchange, allows users to compensate revoke trade fees using the coin, is a way to “invest” in the exchange.

30. Bitshares

A decentralized sell and a height for Smartcoins – coins like bitUSD, bitGOLD, bitCNY – which are “pegged” to the value of their counterparts.

31. Ardor

A blockchain height that will concede people to implement the blockchain record of Nxt through the use of child chains.

32. KuCoin Shares

Just like Binance Coin but for the KuCoin exchange.

33. Tether

A cryptocurrency that represents fiat currencies, each fasten is corroborated by $1 USD, radically “pegging” each fasten to $1.

34. Dogecoin

Such DOGE much WOW very MEME

35. Status

An open source messaging height and mobile interface to correlate with decentralized applications that run on the Ethereum Network.

36. Dentacoin

ERC20 token, whose idea is to be used in the tellurian dentistry in sequence to revoke costs, urge dental care, and emanate a community.

37. Steem

The banking for the Steemit platform – an incentivized blockchain amicable media platform, get paid to post content.

38. VeChain

Blockchain formed platform that provides retailers and consumers with the ability to establish the peculiarity and flawlessness of products that are bought.

39. Waves

Blockchain formed height that allows users to launch their possess tradition cryptocurrency tokens, can also sell these tokens on the P2P sell built into the wallet.

40. Dragonchain

Private / open hybrid blockchain with levels of trust, grown in Disney’s bureau in seattle, currency is called Dragons and is an ERC20 token.

41. WAX

Short for Worldwide Asset Exchange, token is used as a remuneration process on the marketplace OPSkins, which allows anyone to list their possess practical products like CS:Go skins, CryptoKitties and much more.

42. DigiByte

Just like Bitcoin, solely faster transactions, reduction fees, and a different POW algorithm.

43. Veritaseum

A P2P height identical to WAX and Bitshares, a token let facility, a car for conducting peer-to-peer, over-the-counter token transactions.

44. 0x

Pronounced “zero-x”, is an open, permissionless tradition (P2P exchange) permitting for ERC20 tokens to be traded on the Ethereum blockchain.

45. Augur

A decentralized prophecy marketplace built on the Ethereum blockchain, permitting you to foresee events and be rewarded for presaging them correctly.

46. Ark

An ecosystem that allows users to build their possess blockchains from Ark’s, has a underline called SmartBridges which allows the “bridging” of mixed blockchains.

47. Dent

 

Backed by DENT Wireless Limited, allows anyone to buy, sell, or present information using the Ethereum blockchain.

48. Komodo

A hybrid between Bitcoin Dark and ZCash, featuring a dPOW (delayed explanation of work) protocol.

49. Hshare

A token for HCash, a cryptocurrency designed to send value between blockchains, allows for private transactions, DAO governance and quantum resistance.

50. Golem

A global, open source, decentralized supercomputer that anyone can access.

Article source: https://themerkle.com/top-50-cryptocurrencies-explained-in-50-sentences/

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