Vaishnavi Kumar
Bitcoin and Ethereum aren't the only digital currencies widely used. Over the years, a lot of cryptocurrencies have made an appearance and been widely accepted. Here are the most popular cryptocurrencies among the masses.
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.
Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. Created by Vitalik Buterin and launched in mid-2015 after a successful crowdsale, this platform was marketed as the “next generation cryptocurrency and decentralised application platform” and has a market cap of $1.1 billion
Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.
Dash is an open source peer-to-peer cryptocurrency. On top of Bitcoin's feature set, it currently offers instant transactions, private transactions and operates a self-governing and self-funding model.
Ripple is a real-time gross settlement system, currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native cryptocurrency called XRP.
Monero is an open-source cryptocurrency created in April 2014 that focuses on privacy and decentralization that runs on Windows, macOS, Linux, Android, and FreeBSD.
Dogecoin is a cryptocurrency featuring a likeness of the Shiba Inu dog from the "Doge" Internet meme as its logo.
Lisk is also a cryptocurrency and has the ticker LSK. Similarly, though Ethereum's ether is not a cryptocurrency that is supposed to be used as a digital currency. Instead, it is the token that fuels the Lisk network and developers require them to build on the Lisk network.
In the pre-digital currency world, both individuals and enterprises could justifiably 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.
At its core, Storj a decentralized, open-sourced and encrypted cloud data storage which uses Storjcoin tokens to gain access and usage in the Storj network. The market cap as of mid-September is $8 million.
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