Top 10 Crypto Currencies
Recent statistics show that there are over 5,000 cryptocurrencies in the world today, but in this article, we will only shortlist and examine the Top 10 Cryptocurrencies. This short listing is based on to demand, market cap, value investment asset as well as future scope.
Bitcoin was the original pioneer of cryptocurrency, it was created by Satoshi Nakamoto who was an anonymous figure in 2009. Up till today, Bitcoin still remains the most prominent coin as it has the biggest market cap of about $10billion; if we combine all crypto currencies in this list, Bitcoin overshadows them all.
Ether is a non-centralized platform that operates on what is called peer-to-peer ‘smart contacts’, it’s the cryptocurrency for Ethereum. Ethereum was split into 2: Ethereum Classic (ETC) and Ethereum (ETH) in September 2016 as a result of an attack to the DAO.
The coin was launched in mid-2015 after a successful crowd sale, by Vitali Buterin. Ether boast of a market cap of about $1.1 billion and was placed on the platform of “next generation cryptocurrency and decentralized application.
As an alternative to Bitcoin, former Google employee Charles Lee released Litecoin in October 2011. Litecoin has a market cap of about $180 million, it is minable, and used as a means of transaction for goods and services.
Most people refer to Bitcoin as an ‘anonymous’ currency, which is not in the real sense. On the other hand, Monero is a cryptocurrency that is secure, private and untraceable. This coin makes use of ring signature technology and focuses majorly on privacy. Monero is mostly used by people who wants o maintain anonymity on the web, with a market cap of $138 million.
Ripple was release in 2012. The cryptocurrency is called ripples and has a market cap of $243 million; it is referred to as a real-time gross settlement system, based on remittance network and currency exchange.
Initially, Dogecoin was made as a ‘joke currency’ but interestingly, it has been generating real following. The cryptocurrency was released in December 2013, and was modeled by programmer Billy Markus after the dog in the ‘doge’ memes.
Dash derived its name from ‘digital cash, it is a cryptocurrency that is strongly focused on both speed (of transaction) and privacy (using anonymization technology). In order to de associate it from the ‘dark web’, it was rebranded from Darkcoin. It currently has a market cap of $77 million.
This coin is also called Safecoin. MaidSafeCoin cryptocurrency is based on security-centric data platform which is known as Secure Access for Everyone (SAFE) network.
Right on your computer, you can provide space in exchange for coins as thy claim to be a ‘crowd-sourced internet’. MaidSafeCoin has market cap of about $39 million.
10. Storjcoin X
Storjcoin X was released in July 2014 by Storj. Storj is an open-sourced, decentralized, and encrypted cloud data storage. To gain access and usage in the Storj network, it makes use of Storjcoin tokens. The market cap as of mid-September is around $8 million.