40 Cryptocurrencies Explained in 40 sentences.steemCreated with Sketch.

in cryptocurrency •  7 years ago  (edited)

This is my first post.
Hope for the best!

1 . BITCOIN

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The grandfather of crypto, secure decentralized transactions and store of value.

2 . ETHEREUM

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Number one smart contracts and token platform, leader in providing a robust platform for decentralized app development.

3 . RIPPLE

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Fast and secure transactions, similar to Bitcoin but targeted towards financial institutions.

4 . BITCOIN CASH

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Bitcoin fork that provides cheaper transactions and a more open development process.

5 . CARDANO

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Established by a co-founder of Ethereum, Smart contracts platform, the “Ethereum of Japan.”

6 . LITECOIN

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What Silver is to Gold, Litecoin is to Bitcoin.

7 . NEM

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World’s first “Smart Asset” blockchain.

8 . STELLAR

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Just like Ripple, caters more towards end users rather than financial institutions.

9 . IOTA

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No mining, no blocks, no transaction fees, limitless nano payments.

10 . DASH

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Digital Cash, private transactions via masternodes, quick confirmation times and low fees.

11 . NEO

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Smart contracts ecosystem similar to Ethereum, goal is to be a platform for a new smart economy, China’s largest cryptocurrency.

12 . TRON

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ERC20 token, goal is to be a decentralized entertainment content sharing platform.

13 . MONERO!

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Number one currency for anonymous transactions.

14 . EOS

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Smart contracts platform similar to Ethereum, but with performance and scalability benefits.

15 . ICON

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Wants to “Hyperconnect the World” by building one of the largest decentralized global networks.

16 . BITCOIN GOLD

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Bitcoin fork that uses a new POW algorithm and faster block difficulty adjustment, ultimately allowing for GPU mining.

17 . QTUM

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Singapore-based Ethereum and Bitcoin hybrid.

18 . RAIBLOCKS

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Focuses on scaling and zero fee transactions.

19 . ETHEREUM CLASSIC

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Ethereum fork that didn’t revert the hacked DAO funds.

20 . LISK

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Smart contracts platform similar to Ethereum but based on Javascript.

21 . VERGE

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Just like Bitcoin, but faster transactions with tor integration.

22 . OMISEGO

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ERC20 token, extention of the company OMISE – payment processor in Asia.

23 . SIACOIN

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Distributed cloud storage platform

24 . BITCONNECT

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Branded a Ponzi scheme by regulators and investors, allows for lending of Bitcoin using their platform.

25 . ZCash

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Privacy centric cryptocurrency similar to Monero but with a different protocol.

26 . BYTECOIN

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Just like Bitcoin but with faster transactions and a different POW algorithm

27 . POPULOUS

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Ethereum based platform designed for invoice and trade finance.

28 . STRATIS

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BaaS (Blockchain as a Service), allows companies to create their own private blockchains and applications to run on those ledgers.

29 . BINANCE COIN

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ERC20 token issued by the Binance exchange, allows users to pay lower trading fees using the coin, is a way to “invest” in the exchange.

30 . BITSHARES

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A decentralized exchange and a platform for Smartcoins – coins like bitUSD, bitGOLD, bitCNY – which are “pegged” to the value of their counterparts.

31 . ARDOR

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A blockchain platform that will allow people to utilize the blockchain technology of Nxt through the use of child chains.

32 . KUCOIN SHARES

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Just like Binance Coin but for the KuCoin exchange.

33 . TETHER

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A cryptocurrency that represents fiat currencies, each tether is backed by $1 USD, essentially “pegging” each tether to $1.

34 . DOGECOIN

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Such DOGE much WOW very MEME

35 . STATUS

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An open source messaging platform and mobile interface to interact with decentralized applications that run on the Ethereum Network.

36 . DENTACOIN

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ERC20 token, whose goal is to be used in the global dentistry in order to reduce costs, improve dental care, and create a community.

37 . STEEM

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The currency for the Steemit platform – an incentivized blockchain social media platform, get paid to post content.

38 . VECHAIN

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Blockchain based platform that provides retailers and consumers with the ability to determine the quality and authenticity of products that are bought.

39 . WAVES

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Blockchain based platform that allows users to launch their own custom cryptocurrency tokens, can also exchange these tokens on the P2P exchange built into the wallet.

40 . DRAGONCHAIN

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Private / public hybrid blockchain with levels of trust, developed in Disney’s office in seattle, currency is called Dragons and is an ERC20 token.

Comment if you have any questions!

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Your first post is very nice. Thank you.

Wow great great post... and this is your first one!!!! I can’t wait to read you again.