Top 10 Cryptocurrencies

Available Cryptocurrencies

Top 10 Cryptocurrencies Reviews Based On Market Cap

The website coinmarketcap.com lists 2,355 available cryptocurrencies. It has listed them based on the market capitalization. Now and then, new cryptocurrencies are introduced in the market. In order to market the new coins, the crypto owners use the airdrop concept to create awareness of the new currency. An airdrop entails sending either a coin or token (percentage of a coin) to active members of exchanges or blockchain networks. As a result, these coins or tokens are sent to crypto wallets.

A crypto wallet refers to software, that is available on mobile or desktop which securely stores both private and public keys. Meanwhile, a public key identifies a trader’s account in the blockchain network and can be searched in the digital ledger. A private key, on the other hand, proves ownership of the public key and helps finalize transactions. In other words, it should never be shared. In a transaction, once an individual has sent a currency or token, he sends it to a particular public key.

Subsequently, to receive the coins, the private and public keys for the receiver must match. Consequently, this entire process occurs digitally. Additionally, a wallet accesses different blockchain networks, thereby enabling traders to either buy or sell cryptocurrencies and also monitor the balance of their various currencies. To sum up, we listed the top 10 cryptocurrencies based on the market cap in table 2 below.

Top 10 Cryptocurrencies Based On Market Cap

Cryptocurrency

Review

Bitcoin

This is the most popular crypto.

Ethereum

It was launched in 2015 and acts as a software platform upon which software and applications are built.

XRP

It launched in 2012. It was known for enabling international payments between banks at a low cost.  

Bitcoin Cash

It resulted from a split of the original Bitcoin team whereby the underlying code was changed. It was, therefore, a new version of Bitcoin.

Tether

It was initially known as RealCoin and was launched in 2014. It was renamed in that same year.

Litecoin

It was launched in 2011. It generates blocks faster than Bitcoin, thereby implying that its transactions are faster.

EOS

It was launched in 2018 and functions in the same way as Ethereum by providing developers with a platform to create their applications.

Binance Coin

It was the brainchild of crypto exchange platform Binance. It was launched in 2017.

Bitcoin SV

It was created in 2018 as a result of a split in the Bitcoin Cash team.

Stellar

It was launched in 2014 as a payment protocol.

 

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