The 10 Most Common Cryptocurrencies
You should know that there are currently more than 6,700 different cryptocurrencies that are traded publicly.
The 10 largest cryptocurrencies by market capitalization are currently Bitcoin, Ethereum, Tether, Polkadot, XEP, Cordano, Chainlink, Litecoin, Bitcoin Cash, Binance Cash.
Let’s take a look at these coins:
(BTC) Bitcoin is a cryptocurrency invented by an unknown person or group of people known as Satoshi Nakamoto which began use in 2009 when its implementation was initially released on open-source software. This is the first largest cryptocurrency by market capitalization.
(ETH) Ethereum is a decentralized, open-source blockchain that features smart contract functionality. Ether is the native cryptocurrency used on the platform. This is the second-largest cryptocurrency by market capitalization.
(USDT) Tether is a cryptocurrency with tokens issued by Tether Limited. Initially, it claimed that each token was backed by one United States dollar, but on the 14th of March, 2019 it changed the backing to include loans to affiliate companies.
(ADA) Cardano is known as a cryptocurrency network and open-source project. Its main goal is to run a public blockchain platform for smart contracts. Its development is overseen by the Cardano Foundation based in Zug, Switzerland and its native currency is called Ada.
XRP is the token that is used on the Ripple network in order to facilitate transfers of money between different currencies. XRP is the token used to represent the transfer of value across the Ripple Network.
(DOT) Polkadot is a heterogeneous multi-chain interchange and translation architecture that enables fully customized side-chains that connect with public blockchains. It was created by Gavin Wood, also a co-founder of Ethereum.
(BNB) The Binance Coin is a coin issued by the Binance exchange. It trades with the BNB symbol and runs on the Ethereum blockchain with the ERC20 standard. It has a limit of 200 million BNB Tokens.
(LTC) Litecoin is categorized as a peer-to-peer cryptocurrency and open source software project that is released under the MIT/X11 license.
(LINK) Chainlink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. The LINK token is an Ethereum token that powers this Chainlink decentralized oracle network.
(DOGE) Dogecoin is a cryptocurrency invented by Billy Markus and Jackson Palmer. It is a peer to peer, open-source cryptocurrency that is considered an altcoin.
OK so now that you know what these coins are, let’s talk about how you store them…