In this article, we try to introduce you to 10 of the best and most popular cryptos. These 10 cryptocurrencies, according to statistics, are the best cryptocurrencies you could invest in the last few years. Most transactions in recent years have also included these cryptocurrencies.
Bitcoin (₿) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.
It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Research produced by University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
Litecoin (LTC or Ł) 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. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, litecoin is nearly identical to Bitcoin.
Ethereum is a decentralized open source blockchain featuring smart contract functionality. Ether (ETH) is the native cryptocurrency token of the Ethereum platform. It is the second-largest cryptocurrency by market capitalization, behind Bitcoin.
4- BAT - Basic Attention Token
Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.
The token can be used to obtain a variety of advertising and attention-based services on the BAT platform. The utility of the token is based on user attention, which simply means a person’s focused mental engagement.
The currency goes back to the New Economy Movement (NEM), which aims to create a sustainable, just economic order. The developers come mainly from Japan and Asia. NEM was started by a Bitcoin forum user named UtopianFuture, who was inspired by Nxt. The original plan for NEM was to fork NXT, but that was eventually ditched in favor of an entirely new code base.
NEO (formerly Antshares) is an open-source blockchain decentralized application platform founded in 2014 by Da HongFei and Erik Zhang. Since its rebranding to NEO from Antshares in 2017, the project's vision is to realise a "smart economy" by utilizing blockchain technology and smart contracts to issue and manage digitized assets.
7- BNB - Binance Coin
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume.
Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software. Binance was initially based in China, but later moved out of China due China's increasing regulation of cryptocurrency.
TRON was founded by Chinese entrepreneur Justin Sun in 2017. TRON Foundation raised $70 million in 2017 through an Initial coin offering shortly before China outlawed the digital tokens.
Based on a white paper published in 2017, the EOSIO platform was developed by the private company block.one and released as open-source software on June 1, 2018. In order to ensure widespread distribution of the native cryptocurrency at the launch of the blockchain, one billion tokens were distributed as ERC-20 tokens by block.one. This provided the distribution to allow anyone to launch the EOS blockchain once the software was released. The CEO of block.one, Brendan Blumer, announced that block.one would support the EOSIO blockchain with over one billion USD in funding from the token sale and ultimately block.one raised over four billion USD to support the blockchain during the Initial Coin Offering (ICO) period.
Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company. Released in 2012, Ripple is built upon a distributed open source protocol, and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes. Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks." The ledger employs the native cryptocurrency known as XRP.
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