There are more digital assets than ever online today. With new coins and new people entering the market, it can be hard to keep track of all the tokens that the internet has to offer. This quick guide can help you do just that.
Bitcoin is the original cryptocurrency, created by Satoshi Nakamoto. The network prides itself because it is peer-to-peer, decentralized, and it offers irreversible transactions.
Ethereum is a decentralized platform that uses native “virtual machines” as nodes, has its own programming language called Solidity, and allows cryptocurrency transactions to be powered by smart contracts.
Bitcoin Cash (BCH)
Bitcoin Cash is a hard fork from Bitcoin originating in August 2017. It boasts of its simplicity, security, and stability. Most of all, it prides itself on maintaining low fees through its larger block size.
Litecoin is a decentralized, peer-to-peer cryptocurrency network featuring cheap transaction costs. Litecoin is one of the first digital assets, having originated in 2011.
Ripple wishes to offer an international underlying payment network that closes the gap between payment providers, banks, and digital asset exchanges without the centralized aspects that come along with bank transactions.
Monero is a privacy coin. It is fungible, secure, and fast. Because blockchain transactions employ a ring signature scheme, it is difficult to tell how much a Monero user owns.
Dash is a cryptocurrency that makes instant, private payments. The coin is secure, leverages Masternodes, and employs a self-governing community model.
Zcash is secure, open source, and has privacy protections. By using zero-knowledge cryptography, Zcash offers opportunity to protect users’ transaction information.
Dogecoin is based on the popular Shiba Inu meme featuring “doge”. It is peer-to-peer and fully decentralized.
Hoping to revolutionize cloud storage, Siacoin has come to market as a decentralized storage platform.
OmiseGo is a public, decentralized network for online transactions. It is an ERC-20 token, which means that it piggybacks on the Ethereum network.
Bitcoin Gold (BTG)
Bitcoin Gold was a hard fork from Bitcoin. It encourages GPU mining as a transparent, fairly distributed coin.
Salt is an ERC-20 token for lending. Users can hold their assets and still receive the cash that they need.
Nxt hopes to improve blockchain functionality by allowing users to have the freedom to trade it openly.
NEO is nonprofit, blockchain-based, and open source. It utilizes smart contracts and hopes to create a “smart economy”.
NEM encourages speed and scaling when it comes to digital transactions. It is fully open source and takes both a public and private approach.
Ether Classic (ETC)
Ether Classic is a fork of Ethereum that originated from the DAO of Spring 2016. It runs smart contracts and it is a continuation of the original Ethereum blockchain that plans to always remain on a proof-of-work system.
Golem is an open source ERC-20 token. Its computing capabilities allow it to render CGI and compute scientifically.
DigiByte is a digital asset that sports a secure UTXO blockchain, fast transactions, and scalability.
Reddcoin is a social currency that strives to make digital assets simple for everyday people.
Vertcoin is decentralized and owned by its users. Vertcoin hopes to return to the roots of cryptocurrency by encouraging the concept of users’ ownership.
Clams is a coin that prides itself on fair distribution. It is peer-to-peer and fully decentralized.
Decred is an autonomous digital asset. The rules are created by the stakeholders and the technology is open-source.
Potcoin hopes to revolutionize banking for the legal cannabis industry. It is ultra-secure and available both to individuals and businesses.