Top 20 Cryptocurrencies & their uses/purpose
| CryptoCurrency | Market Cap | Purpose |
|---|---|---|
| Bitcoin | $40,913,962,819 | Mainly used for trading other cryptocurrencies. Accepted on major trading platforms. Many businesses accept bitcoin as a payment method. Used for ICOs for applications which are not built on the ethereum platform. |
| Ethereum | $33,884,378,177 | Mainly used for ICOs for decentralized apps built on the Ethereum platform. Few exchanges allow trading using ethereum. |
| Ripple | $9,922,617,502 | Ripple works with banks to transform how they send money around the world — a necessary step to compete in today’s growing economy. |
| Litecoin | $2,016,407,834 | Similar to bitcoin, this coin is widely accepted by many businesses across the world as a form of payment. |
| Ethereum Classic | $1,856,175,607 | Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions. |
| NEM | $1,719,585,000 | NEM is a solution platform. There is more to offer as a platform. As a crypto currency, it does not require a lot of computing power and energy to run a node. NEM also advocates low entry barrier with Proof of Importance (POI) instead of the traditional ones that require a lot of stakes or computing power to mine. In NEM we call it harvesting. In addition, it also uses another solution, called Eigentrust ++ to validate and sieve out bad actors in the network. As an evolving solution, NEM is setting the stage for better things to come |
| Dash | $1,240,523,105 | Dash (DASH) is an open sourced, privacy-centric digital currency with instant transactions. It allows you to keep your finances private as you make transactions without waits, similar to cash. |
| IOTA | $1,195,923,479 | As the Internet-of-Things keep expanding, the need for interoperability and sharing of resources become a necessity. IOTA enables companies to explore new business-2-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees. Its the newest currency on the block which boasts of absolutely no transaction fees. |
| Bitshares | $832,522,387 | Bitshares is another currency which powers the Openledger Trading platform. The only decentralized trading platform unlike poloniex or other major exchanges. Its based on graphene technology and is quite an easy to use platform. Chinese investors are planning to use these for ICOs in the near future. |
| Stratis | $780,752,469 | We offer simple and affordable end-to-end solutions for development, testing and deployment of native C# blockchain applications on the .Net framework.From Fintech to Internet of Value and emerging technologies, our C# and .Net development, deployment and consulting capabilities can help STRATeamline and accelerate your blockchain project development process. |
| Monero | $712,774,076 | Monero is a secure, private, untraceable currency. It is open-source and freely available to all. With Monero, you are your own bank. Only you control and are responsible for your funds, and your accounts and transactions are kept private from prying eyes. Monero is based on the CryptoNote protocol and possesses significant algorithmic differences relating to blockchain obfuscation. |
| Zcash | $573,667,176 | Zcash is the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography.Zcash is pioneering the use of zero-knowledge proofs, applying cutting-edge cryptography to blockchain technology. Zero-knowledge proofs allow fully encrypted transactions to be confirmed as valid. This new property will enable entire new classes of blockchain applications to be built.In the pre-digital currency world, both individuals and enterprises could justifibly assume that their financial transactions would be kept confidential. With Zcash, users can enjoy the advantages of using a public blockchain, while still being sure that their private information is protected. |
| Waves | $519,862,000 | Waves is an open blockchain platform designed for ease of use and mass adoption. Anyone can use Waves to launch, distribute and trade their own crypto token. The platform is fully decentralised, transparent and auditable.Waves is creating a comprehensive blockchain ecosystem that will provide all the features necessary for business adoption, and the platform already has a number of powerful tools and services that make building user applications straightforward. |
| Bytecoin | $490,234,558 | Bytecoin is the first enterprise-ready solution. Fee-free instant international payments Bytecoin network exists in the Internet and works almost as fast as the Internet itself. Some time is required to process the payment, as it requires cryptographic confirmation. It takes 2 minutes.Your funds are reliably secure Bytecoin protects users money with the most secure and modern cryptographic algorithms. They are impossible to hack. The hacking attempt itself would require immense amount of expensive electricity and computational power of a supercomputer. You are the only one who can access your wallet.Your private data is safeBytecoin system ensures that it is totally impossible to get information about your financial operations and wallet balance, unless you decide to reveal those. Only you can manage information that your business partners and third parties will see. |
| Steem | $478,680,150 | Steem is a blockchain-based social media platform where anyone can earn rewards.Collectively, user-generated content has created billions of dollars worth of value for the shareholders of social media companies, such as Reddit, Facebook, and Twitter. Steem supports social media and online communities by returning much of its value to the people who provide contributions by rewarding them with virtual currency. |
| Golem | $449,305,319 | Golem is a global, open sourced, decentralized supercomputer that anyone can access. It's made up of the combined power of user's machines, from personal laptops to entire datacenters.Anyone will be able to use Golem to compute (almost) any program you can think of, from rendering to research to running websites, in a completely decentralized & inexpensive way.The Golem Network is a decentralized sharing economy of computing power, where anyone can make money 'renting' out their computing power or developing & selling software. |
| Siacoin | $418,235,701 | Sia is a new approach to cloud storage platforms. Instead of all datacenters being owned and operated by a single company, Sia opens the floodgates and allows anyone to make money by renting out their hard drive. Data integrity is protected using redundancy and cryptography. Sia will be competing with dropbox and other cloud storage solutions. A highly competitive field. |
| Stellar Lumens | $362,119,897 | Stellar is a platform that connects banks, payments systems, and people. Using the Stellar network, you can build mobile wallets, banking tools, smart devices that pay for themselves, and just about anything else you can dream up involving payments! Even though Stellar is a complex distributed system, working with it doesn’t need to be complicated. |
| Dogecoin | $350,045,993 | Dogecoin is a fun, new and rapidly growing form of digital currency. This form of digital currency is called "cryptocurrency"; a type of digital currency. Cryptocurrency is completely anonymous, decentralized, and extremely secure. Dogecoin is used with a wallet on your computer, your smartphone, or a website. You can use it to buy goods and services, or trade it for other currencies (both other cryptocurrencies or traditional currency like AUS dollars). One of the most popular uses for Dogecoin is "tipping" fellow internet-goers who create or share great content. Think of it as a more meaningful "like" or upvote, with real value that can be used all across the internet. |
| BitConnect | $342,859,711 | BitConnect is an open source all in one bitcoin and crypto community platform designed to provide multiple investment opportunities with cryptocurrency education where it is entirely possible to find the independence we all desire, in a community of like-minded, freedom loving individuals who, like you, are seeking the possibility of income stability in a very unstable world. |