Short explanation for the main cryptos

in btc •  7 years ago 

There are over one thound cryptocurrencies in the market. I list some with short descriptions. Better to know the crypto before putting your real money in. 

 

BTC: No need to say, the first crypto to the world!

ETH: Platform for Dapp and Smart contracts

BCH: Clone from BTC, more secure,  lower transaction fee 

XRP: Crypto for FIs

LTC: Silver version of BTC

DASH: Similar to BTC, but more anonymous

NEO: ETH in Chinese version

NEM:  Digital assets for New Economy Movement

XMR: Anonymous digital currency

ETC: Clone from ETH

IOTA:  Making everything traderable on the internet (The Internet Of Things)

QTUM: Smart contact for commercial usage

OMG: Payment system for banks, exchanges and corporates

ZEC: Anonymous digital currency

LISK: Dapp written in JAVA

ADA: Digital currency and smart contract

TETHER: 1 USDT = 1 USD

XLM: IOU for digital currency

EOS: Different version to ETH

HSR: Exchanger of blockchains

WAVES: Decentralized exchange and crowd funding

STRATIS: Dapp written in C#

KMD: Decentralized ICO

ARK: Exchanger of blockchains

ETN: Clone from Monero (XMR)

BCN: Anonymous digital currency

STEEM: This forum! Crypto version of REDDIT

ARDR:  Build blockchains for other companies as a service (BaaS) 

BNB: Token of Binance

AUGUR: Decentralized prediction markets

PPT: Bill financial system on blockchain

DCR: Autonomous digital currency

PAY: Payment system for digital currencies

MAID: Hard disc space renting

BITCOINDARK: Clone from XZC

BTS: Decentralized exchange

GNT: Idle computer power renting

PIVX: Clone from DASH, no inflation

GAS: Fuel cost for NEO

TRX: Payment within APP

VTC: Clone from BTC

MONA: Dogecoin in Japanese version

FCT: Smart contracts, digital assets and database integrity

BAT: Decentralized advertizing network

SALT: Digital asset mortgage platform

KNC: Decentralized exchange

DOGE: Clone from BTC

DGD: 1 DGD = 1g of gold

WTC: Blockchain of internet of things

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!