THE RANKING OF THE 10 MOST FAMOUS CRYPTOCURRENCIES:
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1 # Bitcoin (BTC)
Surely Bitcoin is the cryptocurrency or cryptocurrency that you have heard the most about. The reason for the fame of this digital currency is that it is the pioneer . In 2008 it was created by various people under the name Satoshi Nakamoto. Of course, at its launch it did not have the value that it has now and most could not even think that it would reach this data.
Without a doubt, this coin has positioned itself as a leader in the digital market . However, it has suffered great ups and downs and it is difficult to know when it will go up or down. Although many managers consider that Bitcoin is the new digital gold , it continues to have large variations in price and very high volatilities.
Let's see in the following image how a Bitcoin transaction works:
2 # Etherium (ETH)
Etherium is not a currency, it is a decentralized computing platform. We could represent it as a large computer that is divided into multiple computers at the same time and works simultaneously. This computer network allows applications to be run on this distributed network and operations are powered by the network's currency, ether (ETH).
The value of this cryptocurrency reached all-time highs in February 2020, touching € 1,700 per ether.
3 # Binance Coin (BNB)
Binance Coin is the official cryptocurrency of the Binance crypto exchange, whose name is an acronym made up of the words "binary" and "finance."
This Binance coin was born to support transactions within Binance's own platform. In this line, the Exchange developers try to increase the importance of their token through projects related to the Blockchain that can be financed by the users themselves with Binance coins.
4 # Cardano (ADA)
Cardano is the representation of the so-called 3rd generation of the Blockchain that tries to solve the scalability problems typical of 2nd generation blockchains such as Etherium. Over the last few months, Cardano has become one of the fastest growing assets in the entire cryptocurrency industry, multiplying its value by more than 45 times in the last year.
Cardano is distinguished by using mathematical principles in its consensus mechanism and a unique multilayer architecture, which makes it stand out from other competing blockchains. With a team that participated in the creation of Ethereum, many are convinced that Cardano is the next generation of cryptocurrency solutions.
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5 # Tether (USDT)
Tether is a stablecoin or stablecoin , that is, all cryptocurrencies of this type in circulation are backed by an equivalent amount of traditional fiat currencies, such as the dollar, the euro or the Japanese yen.
Tether was specifically designed to build the necessary bridge between fiat currencies and cryptocurrencies and offer stability, transparency, and minimal transaction fees to users.
It is pegged to the US dollar and has a 1-to-1 ratio to the US dollar in terms of value. However, Tether Ltd. makes no guarantee for any right to exchange or exchange Tethers for real money; that is, Tether cannot be exchanged for US dollars.
6 # Polkadot (DOT)
We could define it as a Blockchain protocol that tries to connect the different existing blockchains to a universal blockchain. It is one of the biggest current problems of the blockchain, the non-interoperability between the different chains (Bitcoin, Etherium,…).
Like most other blockchain infrastructure projects, Polkadot has its own native token. The value of the DOT cryptocurrency has multiplied by more than 12 times in the last year, reaching highs in March 2021 worth € 33 per coin.
Unlike the rest of the platforms, Polkadot is among the newest and introduces a series of novel technical features to achieve its ambitious goal of encouraging the spread of cryptocurrencies.
The DOT cryptocurrency plays a key role in the maintenance and operation of the Polkadot network. By owning and wagering DOT, users gain the ability to vote on network updates , and each vote is proportional to the amount of DOT crypto they own. That is what makes this cryptocurrency valuable.
7 # Ripple (XRP)
Ripple (XRP) for many experts is the successor to Bitcoin since this digital currency was created by the former developers of Bitcoin with the aim of improving performance.
Ripple's main goal is to connect banks, payment providers, and digital asset exchanges, enabling faster and more profitable global payments .
Like Bitcoin, Ripple is a totally secure and encrypted system whose transaction information is public but payment information is not . In other words, it is a confidential system where the sender and receiver are the only ones who have the information and the code that decrypts it.
8 # Uniswap (UNI)
Uniswap is complex software that runs on the Ethereum blockchain and allows decentralized swaps. It works with the help of unicorns (as its logo shows).
At Uniswap, traders can trade Ethereum tokens without having to entrust their funds to anyone. At the same time, anyone can lend their crypto to special reserves called liquidity pools . In exchange for providing money to these reserves, you will earn commissions.
The Uniswap token has multiplied its value x10 in the last year reaching all-time highs of € 28.64 per token.
9 # Litecoin (LTC)
Created by former Google employee Charlie Lee in 2011, Litecoin was launched as an alternative to Bitcoin .
“ My vision is that people would use Litecoin every day to buy things. It would simply be the payment method of choice "
It has a higher limit than Bitcoin and there are currently about 60 million Litecoin in circulation . For this reason, there are many experts who bet on this cryptocurrency in the future.
10 # Chainlink (LINK)
One of the most relevant projects in the decentralized finance (DeFi) ecosystem is Chainlink (LINK). It is a decentralized oracle service capable of providing external data to Ethereum smart contracts. In other words, it connects blockchains with the real world. The token or the currency of this network (the LINK) multiplied its value x13 in the last year and reached historical highs in February at more than € 29 per coin
The token of this network is the LINK and it serves as an incentive for node operators to do a good job. Each of the nodes that is installed and the request for information handled correctly allows both the nodes and their operators to accumulate tokens as compensation.