Bitcoin
Bitcoin was the original cryptocurrency and was introduced in 2009. It’s also the most valuable and most widely traded. Bitcoin is viewed as both a store of value and as a medium of exchange, and both of these attributes give it its value. Bitcoin’s code has been copied and amended by numerous other teams starting similar digital currencies, however, Bitcoin is still more valuable than all the other cryptocurrencies combined.
Litecoin
Due to the size of its market capitalization, Litecoin is rendered to be the third biggest cryptocurrency after Bitcoin and XRP. Users go to Litecoin to transfer currencies from one to another but in units of Litecoin, as opposed to USD. Just like the other cryptos, Litecoin is not issued by the government instead, they are created through a process known as 'mining'.
Ripple
Ripple is a company creating blockchain-based solutions for the global banking industry. These solutions use Ripple’s own cryptocurrency, XRP, which trades freely like any other cryptocurrency. Ripple is being tested by several of the largest banks in the world. This is because the interbank currency market is the largest market in the world, if the tests are successful, XRP will have significant utility underpinning its value. Read More
Ethereum
Ethereum is similar to the Bitcoin blockchain, however, the platform enables users to run applications and smart contracts. Ethereum is known for its decentralization and autonomous functionality which makes it different to other open public networks. Read More
Cardano
ADA is Cardano’s native cryptocurrency and runs on its blockchain. Cardano’s public blockchain network is very different to that of its competitors, as it's entirely based on mathematical principles. Its network has been developed by cryptography and engineering experts. There are many advantages to the Cardano blockchain, one main one is that its blockchain can be used to create decentralised applications.
Dogecoin
Created by Billy Markus and Jackson Palmer this open-sourced digital currency was based on the trending ‘doge’ meme. Elon Musk, Tesla’s CEO has often tweeted about this particular cryptocurrency, stating that it is his favourite coin. Dogecoin uses Scrypt technology and you can either mine this alt coin on your own, or by joining a mining pool.
Tron
Founded by the Tron Foundation in 2017, this decentralised platform has its own cryptocurrency, called Tronix (TRX). This platform has now gone global and aims to provide a cost effective way of sharing digital content by allowing content creators to share their work directly with the consumer.
250+ More
Discover over 250 Crypto derivatives with Eightcap, the largest crypto offering in the world.