Number one: Bitcoin (BTC)
The concept of BitCoin was first proposed by Satoshi Nakamoto in 2008. Based on Satoshi’s ideas, the open source software designed and released and the P2P network built on it. Bitcoin is a peer-to-peer form of digital currency. Peer-to-peer transmission means a decentralized payment system.
Unlike most currencies, bitcoin is not issued by a specific monetary institution, but is produced by a large number of calculations based on a specific algorithm. The bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transactions, and uses a cryptographic design to ensure the security of every link in the currency circulation. The decentralized nature of P2P, along with the algorithm itself, ensures that the value of the currency cannot be artificially manipulated by churning out bitcoins. The cryptographics-based design allows bitcoins to be transferred or paid only by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that its total quantity is very limited and it has extremely strong scarcity. The currency system had been limited to no more than 10.5 million for four years, after which the total number would be permanently capped at 21 million.
Number two: Ethereum (ETH)
Ethereum (Ethereum) is a platform and programming language that enables developers to build and publish the next generation of distributed applications. Ethereum can be used to program, distribute, guarantee and trade anything: voting, domain names, financial exchanges, crowdfunding, corporate governance, contracts and most agreements, intellectual property, and smart assets that benefit from hardware integration.
Ethereum will use a hybrid security protocol, initially using a proof-of-work mechanism (POW) for distributing Ether, and then switching to a proof-of-equity mechanism (POS). Since the launch, 0.26x will be mined every year, that is, 60102216 * 0.26 = 15626576 ether coins per year. After the conversion to POS, less ether will be produced each year.
Third: XRP
XRP is the basic currency of Ripple network. It can circulate in the entire ripple network, with a total amount of 100 billion, and gradually decreases with the increase of transactions. Ripple Labs (formerly known as OpenCoin) runs XRP.
XRP is the only universal currency in ripple system, which is different from other currencies in ripple system. Other currencies such as CNY and USD cannot be withdrawn across gateways. In other words, the CNY issued by gateway A can only be withdrawn at gateway A. The money can be withdrawn from gateway B only after the ripple booking function is used to convert to the CNY of gateway B. XRP has no such limitations and is universal within ripple.
Like Bitcoin, XRP is a digital currency based on mathematics and cryptography. However, unlike Bitcoin, which has no real purpose, XRP has the main bridge currency and security guarantee function in Ripple system, among which security guarantee function is indispensable, which requires that all gateways participating in this protocol must hold a small amount of XRP.
Number four: Litecoin (LTC)
Litecoin (LTC, currency symbol: not) is an online currency based on peer-to-peer technology and an open source software project under the MIT/X11 license. It helps users make instant payments to anyone in the world.
Litecoin is inspired by Bitcoin (BTC) and technically shares the same implementation principles. Litecoin is created and transferred based on an open-source cryptographic protocol that is not regulated by any central authority. Litecoin, which aims to improve on Bitcoin, has three significant differences. First, the Litecoin network can process a block every 2.5 minutes (instead of 10), thus providing faster transaction confirmation. Second, the Litecoin network is expected to produce 84 million litecoin, which is more than four times the amount of money issued by the Bitcoin network. Third, Litecoin uses the scrypt encryption algorithm first proposed by Colin Percival in its proof-of-work algorithm, which makes litecoin mining easier on ordinary computers compared to Bitcoin. Each litecoin is divided into 100,000,000 smaller units, defined by eight decimal places.
5. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a hard fork of Bitcoin that fixes on-chain capacity through an upgrade protocol and does not include SegWit functionality. Bitcoin Cash (BCH) was released on August 1, 2017 as an upgrade to the original Bitcoin core software that supports large blocks (increasing the block size to 8M), effectively improving payment processing speed, enabling faster, cheaper transactions and a smoother user experience.
6. Grapefruit (EOS)
Yuzu (EOS) is an operating system-like blockchain architecture platform developed under the leadership of blockchain wizard BM (Daniel Larimer), aiming to achieve performance expansion of distributed applications. EOS provides accounts, authentication, databases, asynchronous communication, and program scheduling on hundreds of cpus or clusters. The ultimate form of the technology is a blockchain architecture that can support millions of transactions per second without the average user paying a fee to use it.
7. BNB
Binance Coi is a token issued by Binance, or BNB, which is a decentralized blockchain digital asset based on Ethereum. The total amount of BNB issued is constant at 200 million, and the BNB will be destroyed every quarter according to the current trading volume of Binance platform. The destruction record will be published in the first time, and users can query through the blockchain browser to ensure openness and transparency, until the total amount of BNB coins is destroyed to 100 million. BNB as a Binance ecosystem and decentralized exchange fuel has been used ina number of scenarios, such as using BNB to deduct binance transaction fees for up to 50% off, making BNB payments available in Monaco Visa and APP applications, On the Uplive live streaming platform, BNB can be used to purchase virtual gifts. At present, BNB ranks TOP20 in the world, and its best ranking is TOP10 in the world. It is supported by blockchain enthusiasts in more than 180 countries and regions around the world.
8. Bitcoin SV (BSV)
BSV (Bitcoin Satoshi Vision) is a bitcoin that follows the original design and protocol stability of Satoshi Nakamoto’s white paper, realizes the original vision of large-scale on-chain expansion, and aims to become a universal peer-to-peer electronic cash and value data transmission network.
9. Star Currency (XLM)
Stellar, a digital currency project launched by former Ripple founder Jed McCaleb, aims to build a decentralized gateway for transmission between digital and fiat currencies. It will be provided to users in the form of free distribution, and its supply line is 100 billion dollars, 95% of which will be used for free distribution. Stellar is a diverse team, with board members including former Square COO Keith Rabois, Stripe CEO Patrick Collison, Dogecoin co-founder Jackson Palmer and AngelList co-founder Naval Ravikant will serve as advisers on the project.
10. ADA
Cardano is a decentralized and public blockchain, a cryptocurrency project, and is fully open source. Cardano is developing a smart contract platform designed to offer more advanced features than any protocol previously developed. It is the first blockchain platform to evolve from the philosophy of science and a research-led orientation. The development team consists of professional engineers and researchers from around the world. ADA is the core token in the entire Cardano ecosystem. ADA holders have the right to speak and vote on the future development of the network protocol, as well as determine the allocation of Ada assets. Each time a new block is created, current Ada holders can vote on the use of a portion of Ada coins, such as hiring more engineers or doing more marketing, or even investing in other blockchain projects.
