Describe Each Coin In Under A Minute

It can be hard to keep track of the dozens of major cryptocurrencies, especially when Wikipedia describes most of them the same way! Even if you know the specific differences between them, it can be difficult to answer your casual crypto friends when they ask for a simple explanation. I thought it would be helpful to create a VERY, VERY rough description of the major coins to help distinguish them.

1. Bitcoin - Online money without a bank.
2. Ehereum - Distributed computer.
3. Ripple - Bitcoin for banks.
4. Bitcoin Cash - Bitcoin with a different strategy for speeding up transactions.
5. Litecoin - Bitcoin but faster.
6. Cardano - Ethereum that is heavily peer-reviewed.
7. NEO - Ethereum with a heavier focus on digital identities rather than distributed applications.
8. Stellar - Bitcoin that is faster and made to interact with traditional money.
9. EOS - Ethereum with a focus on supporting many applications and low fees.
10. NEM - Ethereum with a focus on making smart contract development easier.
11. Monero - Bitcoin with private transactions.
12. Dash - Bitcoin that funds its own development and gives users options to pay for private or instant transactions.
13. IOTA - Bitcoin with no transaction fees, designed for machine-to-machine payments.
14. Tether - Bitcoin but each coin is backed by a dollar in a bank.
15. TRON - Used in a platform that allows entertainment content creators to control and monetize their content.
16. VeChain - EOS with a focus on corporate apps.
17. Ethereum Classic - Older, less used version of Ethereum that differs in development philosophy.
18. Lisk - EOS but supports different programming languages.
19. Nano - Bitcoin but instant and free.
20. OmiseGO - Uses Ethereum to automate complex financial tasks.
21. Qtum - Hybrid of Bitcoin and Ethereum.
22. Bitcoin Gold - Bitcoin that us attempting to make mining more fair.
23. ICON - Facilitates connections between other blockchains.
24. Binance Coin - Used to pay fees on the Binance cryptocurrency exchange.
25. Zcash - Bitcoin but completely anonymous and private.
26. DigixDAO - One token is worth one gram of gold.
27. Populous - Used in a platform for trading invoices.
28. Steem - Used in a social network platform that allows users to be rewarded for their content.
29. Waves - Used in a platform that allows users to create, issue, and trade custom tokens.
30. Bytecoin - Bitcoin but completely anonymous and private.
31. Stratis - Ethereum but developer-friendly.
32. Maker - Ownership allows you to vote on the rules that govern the Dai coin.
33. Verge - Bitcoin but completely anonymous and private.
34. RChain - Ethereum but with goals of matching the performance of the biggest businesses.
35. Dogecoin - Bitcoin but with many, many more coins. Primarily used for internet tipping.
36. Siacoin - Used as payment in a cloud storage platform.
37. Status - Used as payment in an encrypted social network.
38. BitShares - Used in a decentralized exchange.
39. Aeternity - Ethereum but more scalable.
40. Decred - Dash with more accessable staking.