There are more than 5,392 cryptocurrencies available in the market with a total capitalization of around 201 billion USD. Unbelievable, right?
Well, how many cryptocurrencies do you know? And, are they beneficial for you or your business? Let us have a glance at the top 10 cryptocurrencies that are expected to thrive in the coming future!
Bitcoin is the most popular cryptocurrency across the globe with most of the applications making use of it. Satoshi Nakamoto is the investor of Bitcoin, on which there was also a paper published in 2008, October 31st, named as “Bitcoin: A Peer-to-Peer Electronic Cash System”.
The investors of this currency are still unknown to the globe, and it is a new investment and a sort of online money that millions of people trust.
The bitcoin network came into use on 3rd January 2009 and is now referred to as the king of the cryptocurrencies. Bitcoin has the highest liquidity among all the available cryptocurrencies and doing transactions in this are too easy. Bitcoin is popular mainly due to the stability that it offers, and with this, its price is substantially increasing.
It is used globally by several applications like Spare, Coinbase, SpectorCoin, Bitcoin Ticker, and many more.
Launched on 30th July 2015, by Vitalik Buterin, Ethereum is another top cryptocurrency available. Buterin was a programmer and a researcher who also wrote one paper describing Ethereum in 2013. He also came with a proposal of Bitcoin requiring a better scripting language, and with this, when he couldn’t receive acceptance for his proposal, he started a new platform with generic scripting. Soon after the development, he received a fund from an online crowd sale from July 2014 to August 2014.
Apps like uPort, Brave, Opera, Civic, MetaMask, and many other 90+ applications are there in the market making use of Ethereum.
The system then went live with around 11.9 million coins already booked for crowd sale that was 13% of total supplies. Later, Ethereum split into 2 blockchains like Ethereum and Ethereum Classic.
Ripple is the company behind the cryptocurrency Ripple that is an RTGS, i.e., a Real-time Gross Settlement system, also referred to as RTXP (Ripple Transaction Protocol). Ryan Fugger came with an idea in 2004 to create a decentralized monetary system to allow individuals to create their own money effectively, and with this, Ripple got its root. Soon, in 2005, RipplePay.com was launched ensuring a payment system for an online community’s members by a global network.
Ripple is used by many applications like Ripple wallet and Siam Commercial Bank’s apps that ensure how secure it might be!
Later, in 2011, Jed McCaleb started a new digital currency’s development with verified transactions verified by consensus instead of the mining process. The new system aimed at eliminating centralized exchanges by Bitcoin, reduce electricity usage and increase transaction speed. Ripple was then launched in 2012 with secure transactions and supporting cryptocurrency, and other units of money.
Litecoin was launched in 2011 and is one of the top cryptocurrencies following the paths of bitcoin, and is also referred to as ‘silver to the bitcoin’s gold’. An MIT graduate and an ex Google’s engineer, Charlie Lee created this cryptocurrency based on the service of an open-source based payment for worldwide access. Litecoin has no central authority or body controlling it and to prove the work, it uses ‘script’, which consumer grade’s CPUs can decode. Litecoin still has a high resemblance to bitcoin.
Litecoin offers faster transactions due to the faster block generation and is growing immensely seeking millions of users. Presently it has several applications like Ledger Nano S, Trezor T, Electrum LTC, etc.
It is among the most ancient, popular, and stable cryptocurrency present in the market. It is often termed as a stable coin due to the measures it takes to reduce volatility, and smoothens the fluctuations in the prices, and thus attracts millions of users. Tether was launched in 2014 and is a platform enabled by blockchain to ease the fiat currency’s usage in the digital global market.
Tether allows the users to access the network of blockchain and a few other related technologies, and do the transactions in ancient currencies with negligible volatility and easy operations.
This is the cryptocurrency that is yet to launch. This is the cryptocurrency developed by FaceBook, and with its huge audience and extensive reach, Libra is expected to be one of the most-hyped cryptocurrency by 2020 end. On 18th June 2019, Facebook released a white paper too on their cryptocurrency Libra, and also disclosed a tentative launch date by the end of 2020. A new subsidiary of Facebook, Calibra, which is also a financial service outfit, will use Libra initially with sorted regulatory barriers.
Libra is expected to seek a giant fan base with its launch from within the cryptocurrency users, and also from out of its sphere.
Monero is an untraceable and secure cryptocurrency that was launched in April 2014 with an open-source service. It thrived in the market marking its territory among the cryptocurrency enthusiasts and communities. It uses a donation-based cryptocurrency with community-driven features launched with an aim of scalability and decentralization. Monero also enables excessive privacy using ring signatures.
Monero has an exclusive reputation due to its safety measures and technological advancements that it has introduced in the market. It is used both for good and bad purposes including even the criminal ones. Several wallets like Cake wallet, X Wallet, Lightwallet, and many others use Monero.
This is the latest cryptocurrency launched in June 2018 by Dan Larimer. Previously, the creator also found bit-shares and Steemit, a social media platform using blockchain. It allows the platform for decentralized applications too and has been among the most profitable cryptocurrency available in the market. It also offers a mechanism stated as proof-of-stake that offers higher scalability.
It consists of EOS.IO that acts like a computer’s operating system and a digital currency using a blockchain network. It also provides EOS token rewards to the block generators based on the production rates. EOS is used in many applications like Arrow USB Drivers, and several EOS servers.
Tron also acquired BitTorrent, a few years back that offers a higher value for the companies with more secure and decentralized methods of torrenting. Tron has still a lot of goals to be fulfilled in the upcoming years and this is the one to seek higher audience and success. Its blockchain is already paced up and has 300,000+ accounts globally. Tron is a network of cryptocurrencies and has a higher capitalization in the market too.
The Tronix coins can be used by the content consumers and generators for transactions that can then be exchanged with any other currency too. And thus it is a cryptocurrency worth more researches.
Bitcoin SV (BSV)
SV stands for Satoshi Vision and BSV is popular Bitcoin cash and is in many ways ahead of the actual bitcoin network too. It came out in 2018 November, when there was an ongoing dispute for a planned update on the network between developing and mining units of the BCH community, and thus BSV was developed in the process. This cryptocurrency restores the original protocol and manners of Satoshi Nakamoto, a bitcoin developer.
BSV also has higher stability and scalability that makes it preferable and useful. It is also secure with a faster transaction that increases its credibility. Bit Index, Coin Dance, and SV Blox are the few top apps among the several ones using this cryptocurrency.
Cryptocurrency Using App’s Development
Cryptocurrency and blockchain are most hyped in the market with secure and fast-paced transactions and their extensive usage across the globe. With several top tech giants working on coming with new cryptocurrencies, the app market of the ones using them is growing too. With this, Game app Studio assures the best and most interactive apps making use of the cryptocurrencies the help you get modernize with the new advancements.