Cryptocurrencies, or “the digital currency”, is a i big buzz in the internet comunity the last years. Everythig started when Satoshi Nakamoto came up with the idea of inventing a decentralized money system , and Bitcoin was born from this idea , now we have thousands cryptocurrencies and many appear every day. But not every cryptocurrency is famous and widely adopted. Also not every cyptocurrency has the same features. Also some are just for fun and worthless, The value of each cryptocurrency is determined from the market capilatization.
Another characteristic cryptocurrencies have is the high price volatility and risk, as their price rises and falls very quickly. Here it is a list with the top 10 cryptocurrencies and what we known so far.
Bitcoin is the first cryptocurrency . Satoshi Nakamoto ( the anonymous bitcoin creator) created Bitcoin in 2009 . Bitcoin holds the first place on the market for the biggest market cap to date march for a $17billion, Overpassing all other cryptocurrencies even if we put all them together.
For many people, the word cryptocurrency means Bitcoin. Because Bitcoin is the most famous coin and other coins are only considered bitcoin alternatives.
What is Known for? It is known for being the first, highest price, most used
Ether is the Ethereum currency, This is a decentralised platform for peer-to-peer smart contacts.
Ethereum was created by Vitalik Buterin in 2015 . Ethreum is widely adopted and is considered a bitcoin alternative and was marketed as the “next cryptocurrency generation and decentralised app platform” Ether has a market cap of $3.9 billion.
Ethereum is known for the peer-to-peer smart contracts. It makes possible to people to code and execute contracts without third parties. This guide explains how to write your first smart contract and deploy to the real network.
Known for: smart contract, Bitcoin alternative, decentralised application platform
Monero is often labeled as an ‘anonymous’ cryptocurrency, but it’s not. Monero currency that is focused on privacy – using the ringing signature technology, Monero is private untraceable and secure.
The large adoption of this cypyo makes Monero one of the top 10 cryptocurrencies with a $322 million market cap, Mostly it is used by people who prefer to remain incognito on the net.
Known for: privacy
Litecoin was created by Charles Lee a former Google employee in October 2011. The idea was to create a Bitcoin alternative. Litecoin is very similar to Bitcoin, it can be mined, used as a normal currency and transacted on all the major exchanges.
Litecoin has a market cap of $200 million, but on the highest peak Litecoin reached $1.2 billion market cap in 2013.
Known for: Bitcoin alternative, similar to Bitcoin
Ripple is another cyptocurrency , unlike others on the list is more focused on banking system. Ripple, is currency exchange, a real-time solution system and a remittance network. The coins are called ripples. It was released in 2012 and currently has a market cap of $262 million. Some banks have integrated the Ripple system to reduce costs.
Known for: focused on banking system, real-time solutions
Golem is a decentralized disytributed computation network based on Ethereum.In the golem system users can buy or sell computation power, for example you can complete on your own computational-heavy tasks using other cumputation power or selling your own computational power to someone who needs it.
Golem market cap is now valued at about $50 million dollars.
Known for: most powerful supercomputer in the world
Dash or previously Darkcoin is mainly focused privacy and transaction speed. Dash uses strong anonymization technology. The reason why they rebranded the name was a try to stop being asociated to the dark web.
Ranked seventh in the list, Dash has a market cap of $752 million. Dash is ranked most of the time the second most exchanged cryptocurrency after Ether on Poloniex exchange platform.
Known for: fast and anonymous
MaidSafecoin is a security centric data system which makes possible to people to provide space on their computers in exchange of coins.
Many decentralized apps are currently using the SAFE (Secure Access For Everyone) network to store data securely
The market cap actually is about $78 million.
Known for: security-centric data platform
This new concept making possible creation of many types of apps added more value to Lisk ,
Lisk has a market cap of $25 million to date.
Lisk is Known for: coders make dapps, platform using sidechains
10. Ethereum Classic
Ethereum classic was created as a result of the DAO attack when the cryptocurrency split into 2: Ethereum (ETH) and Ethereum Classic (ETC).
Ethereum Classic and has a market cap of $175 million
Known for: smart contract,ethereum split
Cryptocurrencies are in continous change of ranking and over time new cryptocurrencies with new avantages will appear and maybe old ones will wanish, but one thing remained the same for long time and maybe will be for a long time , it is that Bitcoin is considered a safe heaven in the cryptocurrency exchange system.