First of all, let’s find out more about blockchain cryptocurrencies and blockchain teams developed cryptocurrencies as code and the “crypto” in cryptocurrencies refers to complicated cryptography that allows the creation and processing of digital currencies.
Cryptocurrency is a digital asset to works as a medium of exchange and also it is a form of payment that can be exchanged online for goods and services.
Blockchain experts design blockchain cryptocurrency to be free from government control and Let’s review some blockchain cryptocurrencies in this blockchain cryptocurrency list.
There are lots of blockchain cryptocurrencies that we can review, these are some of the main cryptocurrencies besides bitcoin that we can go through them.
It is a decentralized platform that enables decentralized applications and also smart contracts to be built and run without any fraud, downtime, and control.
In 2021, we see that ethereum wants to change its consensus algorithm from proof-of-work to proof-of-stake.
This process will help to secure the network and process the transactions that occur.
Ethereum is alternative of bitcoin’s proof-of-work mechanism.
So in this mechanism, miners of bitcoin rewarded blockchain’s owners more bitcoin for processing transactions.
In other words in Jan 2021, ethereum had a market capitalization of $138.3 Billion and a per-token value of $1218.59
The team behind Cardano has written lots of research papers on blockchain technology and This research is the backbone of Cardano.
The project was co-founded by the person, Charles Hoskinson, who worked on ethereum and was one of the five initial founding members of ethereum.
Cardano is going to be the world’s financial OS (Operating System) by establishing decentralized applications and financial products.
In other words In Jan 2021, Cardano had a market capitalization of $9.8 Billion and one ADA (Cardano) trades for $0.31.
It is good to know that Litecoin was launched in 2011.
Charlie Lee, a former Google engineer created litecoin
In addition, Blockchian teams designed Litecoin based on an open-source global payment network.
In many ways, Litecoin and bitcoin have simillarity.
But there are some differences.
For example, Litecoin has a faster block generation rate and also offers a faster transaction confirmation time.
In other words in Jan 2021, Litecoin had a market capitalization of $10.1 Billion and a per-token value of $153.88.
Stellar is an open blockchain network and Blockchain experts design Stellar to provide a solution by connecting financial institutions.
Huge transactions between banks and financial firms can now be done with no intermediaries and instantaneously and at low costs.
Jed McCaleb, founding member of Ripple and developer of ripple protocol founded stellar and the system allows for cross-border transactions.
So In Jan 2021, it had a market capitalization of $6.1 Billion.
Bitcoin Cash begins its life in Aug 2017 and The bitcoin network has a limit on the size of blocks; 1 MB.
Bitcoin Cash will increase the block size from 1 MB to 8 MB.
In addition, we know that by having a larger block.
So we will have more transactions, and also the speed of transactions will increase.
Features of Bitcoin Cash are as below:
The Bitcoin Cash protocol ensures that we will never have more than 21 million coins in existence. Also, Bitcoin Cash will offer more privacy and anonymity than traditional payment systems.
Therefore In Jan 2021, Bitcoin Cash had a market capitalization of $8.9 Billion and a value per token of $513.45.
Tether was one of the first and most popular of a group of Stablecoins.
Tether’s price and price of the US dollar tied together.
In 2014, blockchain experts launched Tether.
They described Tether as a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
When the sum of all Tether tokens in circulation is less than or equal to the value of our reserves fully reserved The Tether platform.
So in Jan 2021, Tether is the third-largest cryptocurrency by market capitalization with a total market cap of $24.4 Billion.
Monero is the leading cryptocurrency in this blockchain cryptocurrency list and focused on private and censorship-resistant transactions.
We must know that Monero transactions are confidential and untraceable.
Blockchain experts launched Monero In Apr 2014 and the development of the Monero is donation-based and community-driven.
In Monero, every ~2 minutes created a new block and Main privacy-enhancing technologies in Monero:
In Jan 2021, it had a market capitalization of $2.8 Billion and a per-token value of $158.37.
Polkadot is a network protocol that allows arbitrary data to be transferred across blockchains.
In addition, Polkadot is a true multi-chain application environment where things like cross-chain registries and cross-chain computation are possible.
The Polkadot runtime environment is being coded in Rust, C++, and Golang.
In addition, Its relay chain is built with Substrate, a blockchain-building platform.
Polkadot’s state machine is compiled to WebAssembly, a super performant virtual environment.
Also, Polkadot’s networking uses libp2p, a flexible cross-platform network framework for p2p applications.
The relay chain is the heart of Polkadot and accounts for the network’s shared security, consensus, and cross-chain interoperability.
In other words in Jan 2021, it had a market capitalization of $11.2 Billion, and one DOT trades for $12.54.
There are lots of blockchain cryptocurrencies that we can go through them and review the technical aspects of cryptocurrencies.
In addition each blockchain cryptocurrency has its roadmap and whitepaper that we can read about it and check the platform and different components.
Blockchain cryptocurrencies have lots of use cases like payments, lending and borrowing, asset tokenization, gaming and storage.