Speaking of cryptocurrencies, the first thing that comes to our mind must be Bitcoin (BitCoin).
In recent years, under the leadership of Bitcoin, many cryptocurrencies have risen, some are related to Bitcoin, and some are independent, but they are all led by Bitcoin and have shown a strong momentum of development in the capital market.
According to Chain Library, the top ten cryptocurrencies that are currently most recognized by investors and business organizations are:
1. Bitcoin (BitCoin)
Bitcoin is the first decentralized cryptocurrency built on the blockchain. It was created as an open source project in 2009 by an anonymous person or group of people nicknamed Satoshi Nakamoto.
The main purpose of Bitcoin is to enable decentralized, trusted, low-fee currency transactions between people and businesses around the world.
Today, more than 100,000 vendors around the world accept bitcoin payments. Additionally, the number of unique users actively using Bitcoin cryptocurrency wallets is between 2.9 million and 5.8 million.
It is currently the best-developed cryptocurrency, and its price once soared to nearly $60,000 a piece.
2. ChainLink
ChainLink is an open source project launched by SmartContract in September 2017.
ChainLink is a decentralized oracle database that provides external data to Ethereum smart contracts.
Its main purpose is to provide connectivity between blockchain and external software, such as bank payments, retail payments (Visa, etc.), market data (stock exchanges, financial information) and back-end systems.
The LINK token is an EIP20 Ethereum token with some additional features. The LINK token ICO was completed in September 2017 with a total funding of $32 million.
3. VeChain Coin
VeChain is a leading blockchain platform designed to provide businesses with blockchain-as-a-service solutions. By using the blockchain’s tamper-proof distributed ledger, the platform allows for an efficient and transparent trustless ecosystem.
It has applications in monitoring product lifecycle, real-time product location tracking, and authenticity verification through advanced IoT integration.
VeChain tokens were initially released as VEN on the Ethereum network after completing their ICO in August 2017, but were replaced with VET after VeChain launched its Thor mainnet in June 2018.
4. TRON
The purpose of TRX coin is to provide a decentralized content distribution platform for the social media and digital entertainment industries. Its functions include uploading, saving and downloading images, audio, video and characters, etc.
It is seen as a next-generation social media platform where users can share content with anyone on the internet and get paid in TRX coins.
It enhances privacy by allowing users to manage, protect and distribute content when needed.
Tronix (TRX) is also a currency that was originally released on the Ethereum blockchain as an ERC-20 token. Finally moved from the Ethereum blockchain to the Tron blockchain.
The founder is Justin Sun who once bought Buffett’s lunch to teach Buffett about cryptocurrency.
5. Ant Coin (NEO)
NEO is a decentralized blockchain platform on which asset digitization and automatic execution of smart contracts can be realized.
The platform was established in China in 2014 under the name Ant Chain and later changed its name to NEO, with founders Da Hongfei and Zhang Zhengwen.
NEO = digital asset + smart contract + digital identity, which can be used in equity crowdfunding, equity trading, creditor’s rights transfer, supply chain finance and other fields, known as “China’s Ethereum”.
Its ICO (Initial Coin Offering) ended on September 9, 2017, raising a total of $28 million.
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