Introduction
You’ve undoubtedly heard of Bitcoin, the cryptocurrency that began it all. However, Bitcoin is no longer the sole well-known or even investment-worthy cryptocurrency. Bitcoin is even considered by some to be the worst cryptocurrency to own or invest in. There are a plethora of different digital currencies available that have made significant enhancements to the Bitcoin paradigm in order to avoid its drawbacks.
In this article, I discuss some of the most well-known cryptos as of 2020. But, since the cryptocurrency market is always evolving, I’ll show you how to stay on top of all the new cryptos for years to come.
Checking out a cryptocurrency’s ranking based on its market capitalisation, or market cap, is one of the quickest methods to browse among prominent cryptocurrencies.
Market capitalization is the valuation of a firm that is traded on the stock exchange. You can figure out how much it costs by multiplying the total number of shares by the current share price.
Market capitalization is a term used in the cryptocurrency field to describe the worth of all units of a certain cryptocurrency that are currently for sale. Simply multiply the current price of a cryptocurrency by its circulating supply to get its market cap. The best estimate of the amount of coins circulating in the market and in the hands of the general population is the circulating supply.
Price + Circulating supply = Market capitalization
Knowing a cryptocurrency’s market cap and ranking in comparison to other currencies is crucial since it can instantly show you how popular the coin is and how much money you can earn from it. Websites like http://coinmarketcap.com, www.cryptocompare.com/, https://coincodex.com/, and www.coingecko.com/ provide information on all cryptocurrencies’ market capitalisation.
WARNING
The market capitalization of a cryptocurrency does not reveal all about its investing potential. A cryptocurrency’s value may be affected by a variety of variables, including forks, legislation, gossip, and so on.
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A larger market capitalization isn’t always a desirable thing. Cryptocurrencies with a smaller market cap may appeal to investors who are willing to take greater risks since they may provide more space for the market cap to grow. If you want to be cautious and avoid volatility or disappearing risk, though, you may want to stick with cryptocurrencies with a greater market value.
You may start evaluating cryptocurrencies based on that measure after you understand what function a coin’s market cap plays in the business. In the next parts, I go through Bitcoin and other prominent cryptocurrencies.
Bitcoin
Bitcoin, which is ranked first on the list, was created in 2008.
A Brief History of Bitcoin
TECHNICAL INFORMATION
Bitcoin was created by a mysterious figure known as Satoshi Nakamoto. Satoshi said that he was a Japanese male born on April 5, 1975. When Bitcoin first appeared on the market, I was actually living in Japan, doing my electrical engineering studies in Tokyo. Bitcoin was not a huge deal in Japan at the time, as far as I know. That’s why most theories concerning Satoshi’s genuine identity point to a handful of non-Japanese cryptography and computer science specialists residing in the United States and other European nations.
However, Satoshi’s anonymity isn’t a major concern since Bitcoin (and other cryptocurrencies) are designed to be open source and decentralised. According to Bitcoin.org, “no one owns the Bitcoin network in the same way that no one owns the technology underpinning email.” Bitcoin is controlled by users all across the globe, with the developer updating the platform and forkers making drastic alterations. However, the core concept of Bitcoin and the protocol that governs it cannot be altered.
By the end of 2017, Bitcoin’s market value has risen to $320 billion, over 10 years after Satoshi wrote the white paper. You might have had $20,000 worth of Bitcoin by the end of 2017 if you had spent $100 in 2011 to acquire one Bitcoin (something my investment pals advised me to do but I disregarded). Of fact, many early investors purchased many Bitcoins at the same time, which is how all those Bitcoin billionaires were created. If you had acquired 100 Bitcoins in 2011, they would have been worth $2 million by the end of 2017.
However, by the time everyone was talking about Bitcoin, it had plummeted to roughly $120 billion and had remained there for the whole of 2018. It did, however, retain its top spot among all other cryptocurrencies. The major explanation for this attitude might be because most people have heard a lot about Bitcoin but not so much about other cryptocurrencies (relatively speaking). So, despite the fact that there are hundreds of different cryptocurrencies to select from, some of which may be superior long-term alternatives to Bitcoin, most newcomers to the market begin with Bitcoin.
Another factor contributing to Bitcoin’s massive market capitalization is its ease of use. I believe I can confidently state that Bitcoin is available on all cryptocurrency exchanges. However, not all exchanges, at least for the time being, list all altcoins.
Characteristics of Bitcoin
Here are some of Bitcoin’s most important features:
- BTC is the trade symbol for Bitcoin.
- Bitcoin may be mined.
- Proof-of-work is used to create coins.
- The transaction time ranges from 30 minutes to 24 hours.
- Transactions aren’t completely private.
- Bitcoin is a decentralised currency.
- Bitcoin mining consumes a lot of (wasted) electricity.
Because Bitcoin is the most well-known cryptocurrency, it tends to drag the whole market along with it. In general, the overall market mood is influenced by the volatility of Bitcoin over longer time periods (with many past exceptions). This information may be used in technical analysis for investment. On its website, https://bitcoin.org/, you may learn more about Bitcoin.
Ethereum
Ethereum is a significant cryptocurrency that is ranked second in terms of market capitalization as of 2018. It has a market capitalization of roughly $23 billion as of October 2018.
A Quick Overview of Ethereum
In comparison to Bitcoin, Ethereum is a relatively new currency; Vitalik Buterin, a Russian-American, introduced it in 2013. It’s approximately five years younger than Bitcoin, which is still a major thing in the crypto world. TECHNICAL INFORMATION Buterin is a Russian actor who was born in 1994. That was the year the Cranberries released their smash song “Zombie,” and it was also the year the Backstreet Boys and Spice Girls rose to fame. If this arithmetic makes you feel ancient, think how Satoshi Nakamoto, the creator of Bitcoin, must feel.
Ethereum is based on the same knowledge and philosophy as Bitcoin, but it serves a different purpose and has distinct capabilities. “Ethereum is a decentralised platform that runs smart contracts,” according to its website, www.ethereum.org. Smart contracts enable anyone to negotiate agreements without the need of an intermediary. Ethereum uses the same blockchain technology as Bitcoin to build smart contracts. Ethereum’s blockchain certifies smart contracts, which the encoded rules execute, in the same way that Bitcoin’s blockchain and network verify Bitcoin ownership.
Bitcoin vs. Ethereum
The primary distinction between Ethereum and Bitcoin is that Ethereum aspires to be the platform where users may run their decentralised apps. In reality, it aspires to be a decentralised, huge computer that executes smart contracts. As a result, the Ethereum platform can support a wide range of alternative cryptocurrencies. These applications may be run on the Ethereum blockchain, which is a decentralised network.
In this regard, Bitcoin is unique. Its platform encourages miners to compete for the opportunity to tackle difficult blockchain math challenges. The winner is the first person to solve the challenge and receives a prize. Miners, on the other hand, may utilise Ethereum as a co-working place to develop their own goods. They are paid for providing the framework that allows innovators to create their own innovative items. TIP Even large technological companies like Intel and Microsoft, as well as financial titans like J.P. Morgan and Credit Suisse, are embracing the Ethereum platform to develop new products. Various blockchain start-ups, research organisations, and Fortune 500 businesses have formed the Enterprise Ethereum Alliance, together with other major founding members (EEA). Accenture, AMD, Credit Suisse, Dash, Pfizer, Samsung, and Toyota, to mention a few, were among the alliance’s 500 members by October 2018. Visit https://entethalliance.org/ to learn more about the EEA.
Characteristics of Ethereum
- Here are some of Ethereum’s most important characteristics:
- For investors, Ethereum’s token symbol is ETH.
- Ethereum may be mined.
- Proof-of-work is used to create coins (PoW).
- Transaction times may be as short as 14 seconds, while they might be longer depending on the amount of confirmation required.
- Transactions aren’t completely private.
- Ethereum is a decentralised cryptocurrency that is more so than Bitcoin.
- Ethereum mining consumes less energy than Bitcoin mining.
Ripple
Ripple was the third biggest cryptocurrency by market size for the most of 2018, with a market worth of roughly $19 billion. However, it briefly overtook Ethereum’s position towards the end of 2017 and the beginning of January 2018.
Background with Ripples
Ripple’s origins may be traced all the way back to 2004. That was long before Satoshi Nakamoto and Bitcoin. Ryan Fugger launched the RipplePay corporation in 2004. The protocol was designed to create a “peer-to-peer trust network of financial contacts that would replace banks,” according to https://blog.bitmex.com/the-ripple-story/.
By 2011, Ripple’s target audience had become aware of Bitcoin, which had just recently gained traction and was performing better as a peer-to-peer payment network than Ripple. Ripple’s design began to alter in May 2011, when Jed McCaleb, an early Bitcoin pioneer, joined the Ripple network. As time passed, more people joined the Ripple bandwagon.
Finally, according to their website, https://ripple.com/xrp/, Ripple’s XRP, a cryptocurrency that also serves as a digital payment network for financial institutions, was introduced in 2012. XRP is built on a public chain of cryptographic signatures, like many other cryptocurrencies. Ripple, on the other hand, is not like typical cryptos like Bitcoin or even Ethereum. REMEMBER Some individuals do not regard Ripple to be a legitimate cryptocurrency, as I will explain later. Also, despite their similarities, Ripple as a firm and Ripple as a cryptocurrency are two separate entities. Ripple the coin, or XRP, is a cryptocurrency that is utilised in certain of the company’s payment systems. Ripple Labs, Inc. is the firm behind Ripple, which uses blockchain technology to offer worldwide payment solutions for major banks and other businesses.
Ripple vs. Bitcoin Here are a few important distinctions between the two cryptocurrencies:
Decentralization and ownership:
Bitcoin is not controlled by any one person or organisation, and Bitcoin the cryptocurrency and Bitcoin the open-source platform are almost identical. As a result, Bitcoin is extremely decentralised and open source, with a community that approves any improvements. This design makes upgrading difficult, which is why Bitcoin has had so many splits over its existence.
Ripple, on the other hand, is a privately held firm named Ripple Labs, which has offices all around the globe. Ripple Labs also owns XRP, which is Ripple’s digital asset (cryptocurrency). The firm strives to impress everyone (particularly its partners) and reach an agreement, allowing for speedier updates. Before making modifications to the network, the developers use an amendment method to seek consensus. In most circumstances, if an amendment achieves 80% approval for two weeks, it becomes effective and must be supported by all subsequent ledgers. Ripple is essentially a democracy that attempts to prevent hard forks and unpleasant splits! TIP Visit https://ripple.com/ to learn more about Ripple and its most current improvements.
Transaction costs and transaction speed:
Ripple truly begins to shine in this area. Depending on costs, Bitcoin transactions might take up to an hour to complete. And, depending on demand, the prices might exceed $40.
Ripple, on the other hand, may settle transactions in as little as four seconds. Ripple’s transaction costs averaged $0.007 — a fraction of Bitcoin’s — even while demand was very strong at the end of 2017. TIP You may compare historical transaction fees for other cryptocurrencies at https://bitinfocharts.com/comparison/transactionfees-btc-xrp.html.
Number of transactions per second: You may do roughly 10 Bitcoin transactions per second. Ripple is introduced, and the number is increased to 1,500. Although several Bitcoin forks try to fix this problem, Ripple looks to be ahead of the game at the time of writing.
Limits on coin amounts:
Bitcoin and other minable cryptocurrencies have a limited supply of coins that can only be obtained via mining. However, XRP is now restricted to the 100 billion coins in circulation, mostly to appeal to Ripple’s (the company’s) largest clientele, huge financial institutions.
Characteristics of Ripples
The following is a list of Ripple’s most important features:
- For investors, Ripple’s token symbol is XRP.
- Ripple’s XRP cannot be mined. There are no miners at all.
- Consensus, not PoW, is used to create coins and process algorithms.
- Transactions may take as little as four seconds to complete.
- Anonymity may be added to transactions.
- Ripple’s decentralisation isn’t complete.
- The cost of energy per transaction is little.
REMEMBER
Some individuals feel Ripple’s XRP isn’t genuinely a cryptocurrency because of its distinct qualities from Bitcoin. Ripple is a curious mix of a fiat currency (a conventional kind of money backed by a government, such as the US dollar) and a cryptocurrency. This is because, as of October 2018, Ripple’s primary goal is to service financial institutions like American Express, rather than concentrating on the distribution of Ripple’s XRP among common customers. It’s possible that this may change in the future.
Litecoin
Since its debut in 2011, Litecoin has remained among the top ten biggest cryptocurrencies by market capitalization. Its market value has risen as high as number two and fallen as low as number seven, making it one of the most volatile among celebrity cryptos. It has a market worth of roughly $3 billion as of October 2018, making it the sixth most valuable cryptocurrency behind Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, and Stellar.
A Brief History of Litecoin
Litecoin was created in 2011 as a consequence of a Bitcoin hard fork. It aspired to be a more lightweight and speedier Bitcoin. Charlie Lee, a Google employee and MIT graduate, created Litecoin. By November 2013, it had a market valuation of $1 billion. Here’s where you may learn more about the Litecoin project: TECHNICAL INFORMATION CAN BE FOUND AT https://litecoin.org/. Bitcoin would have increased 2,204 percent by the end of 2017 if you had invested in it at the end of 2016. If you had invested in Litecoin at the time, though, it would have gained by more than 9,892 percent. It’s not bad.
Bitcoin vs. Litecoin
The technology behind Litecoin is quite similar to that of Bitcoin. Lee didn’t want it to compete with Bitcoin; instead, he wanted it to complement it, much as silver did in the past with gold. Bitcoin, known as the “gold” of cryptos, is ideal for purchasing high-value items such as mansions and automobiles. That’s because Bitcoin is often seen to be more safe than Litecoin, despite the fact that many crypto aficionados argue that neither is actually secure. Litecoin, on the other hand, may be used to purchase inexpensive items and everyday items where security is less of an issue and transaction speed is more crucial. Here are a few more distinctions between the two:
The difficulty of mining is:
The actual distinction between Litecoin and Bitcoin may be the difficulty of mining. Bitcoin mining is growing more difficult and costly as time passes. You’ll need a strong computer to earn serious money mining Bitcoin. Normal PCs, on the other hand, may be used to mine Litecoin.
The SHA-256 algorithm is what is used in Bitcoin mining. Scrypt is a new algorithm used by Litecoin. SHA-256 is regarded to be a more difficult algorithm than Scrypt, although it allows for more parallel processing. Scrypt is the fastest option.
The total number of coins in Bitcoin is limited to 21 million. Litecoin can hold four times that many coins, up to 84 million.
Transaction costs and transaction speed:
Transaction confirmation time on the Bitcoin network is approximately 10 minutes and may take up to an hour. According to BitInfoCharts.com, the pace of Litecoin is about 2.5 minutes. The transaction cost for Litecoin is also far cheaper than that of Bitcoin, typically less than $0.08. Its all-time high was about $1.40 in December 2017, when crypto demand was at an all-time high.
Characteristics of Litecoin
The following are the primary characteristics of Litecoin:
- For investors, the token symbol for Litecoin is LTC.
- Litecoin may be mined.
- The proof-of-work (PoW) technique is used to create coins and execute algorithms.
- It takes around 2.5 minutes to complete a transaction.
- Anonymity may be added to transactions.
- Litecoin is a decentralised cryptocurrency.
- The energy cost per transaction for Litecoin is lower than that of Bitcoin.
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Despite the fact that both teams claim their respective cryptocurrencies are the greatest, there is no obvious winner at the time of writing. The ideal method to approach your investing plan may be to diversify your assets not just among these possibilities, but also among the many types of cryptocurrencies.
Other Major Cryptocurrencies in the Top Ten
I introduced some of the most well-known cryptocurrencies in the previous sections, which also have some of the greatest market capitalizations on average. However, just because they’re renowned doesn’t imply they’re necessarily superior. Many experts and investors anticipate that some of these celebrity coins will be obsolete in 10 years. Furthermore, a larger market capitalization does not always imply a more promising future. Their present celebrity may be limited to the typical “15 minutes of fame,” and they may therefore have fewer opportunities for advancement than people who are less well-known. REMEMBER If anything happens to a core coin, it’s likely that a hard fork will emerge to rescue it. If you already own a cryptocurrency and it splits, you will get the same number of new coins. That’s why, in 2017–2018, I advised my Premium Investing Group members to begin their cryptocurrency portfolio by diversifying among the top 10 biggest by market size, and then branch out into other, more diverse categories. Here’s where you can keep up with my latest bitcoin trading strategies: https://learn.investdiva.com/join-group.
| Top Ten Cryptocurrencies | ||
| Crypto | Symbol | Description |
| Bitcoin Cash (www.bitcoincash.org/) | BCH | A Bitcoin fork that provides cheaper transactions and a more open development process |
| Cardano (www.cardano.org/en/home) | ADA | Established by a co-founder of Ethereum; smart contracts platform; the “Ethereum of Japan” |
| Dash (www.dash.org/) | DASH | Digital cash; private transactions via masternodes (computer wallets that host the full copy of the coin’s ledger); quick confirmation times and low fees |
| EOS (https://eos.io/) | EOS | A smart contract platform similar to Ethereum but with performance and scalability benefits |
| IOTA (www.iota.org/) | MIOTA | No blockchain; instead uses something called Tangle; no mining; no transaction fees |
| Stellar (Lumens) (www.stellar.org/) | XLM | Similar to Ripple; an open platform for building financial products that connect people everywhere |
| Some more popular cryptocurrencies | ||
| Crypto | Symbol | Description |
| Golem (https://golem.network/) | GNT | Worldwide supercomputer network; aims to become the Airbnb for computing, machine learning, and AI |
| Monero (https://getmonero.org/) | XMR | Famous for anonymous, untraceable, and private transactions |
| NEM (https://nem.io/) | XEM | The world’s first “smart asset” blockchain; built with businesses in mind |
| NEO (https://neo.org/) | NEO | “Ethereum of China”; aims to become a smart economy platform |
| OmiseGo (https://omisego.network/) | OMG | Smart contract platform using proof-of-scale based on Ethereum platform that wants to “unbank the banked” |
| Populous (https://populous.com/) | PPT | Provides small and medium-sized enterprises an invoice discounting platform on the Ethereum blockchain |
| SiaCoin (https://sia.tech/) | SC | Decentralized cloud storage platform that uses a blockchain to facilitate payments |
| TRON (https://tron.network/) | TRX | Decentralized entertainment and content-sharing platform that uses blockchain |
| VeChain (https://www.vechain.org) | VET | Blockchain-based platform that gives retailers and consumers the ability to determine the quality and authenticity of products they buy |
| Verge (https://vergecurrency.com/) | XVG | Just like Bitcoin but with faster transactions, aiming to bring blockchain transactions into everyday life through its open-source software |
Cryptocurrencies Sorted by Type
As an alternative to purchasing cryptocurrencies by market size, selecting cryptocurrencies by category may be the greatest method to fully diversify your portfolio for both value and development.
Here are some of the most popular cryptocurrency categories, as well as the most popular cryptos in each category. These are the stocks I cover based on their popularity and overall market capitalization as of 2018. The sections that follow are only a handful of the numerous categories that make up the interesting cryptocurrency world; others may classify these coins differently. The following are some common cryptocurrency categories:
Gaming/gambling
Transportation Medical Internet of Things Supply chain (IoT)
Also keep in mind that some cryptos are hybrids of various kinds and are difficult to categorise. Websites like www.upfolio.com/collections#Go and www.investitin.com/altcoin-list/ have several crypto categories.
Cryptocurrencies for Payment
In terms of overall market valuation, payment cryptos are by far the most popular. In this category, you’ll discover cryptocurrencies that, like fiat currencies like the US dollar, are primarily intended to be used as a store of value, a medium of exchange, and a means of payment. These are some examples of cryptocurrencies that fit within this category:
Bitcoin is a digital currency (BTC)
Litecoin (LTC) is a cryptocurrency that was launched (LTC)
Bitcoin Cash (BCH) is a cryptocurrency that (BCH)
If you’re looking for a unique way to express yourself (OMG)
Tether (USDT; https://tether.to/) Dash (DASH) Ripple (XRP)
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With Bitcoin as the pioneer, it’s no surprise that this category exploded in popularity. Because blockchain technology can be used for so much more than just payments, keep an eye out for the next big thing in other hot areas!
Cryptography for Privacy
A lot more than those in the payment category, privacy cryptos are highly focused on transaction security and anonymity. In truth, it’s a popular fallacy that Bitcoin and other cryptocurrencies in the payment category are completely anonymous and untraceable. Many blockchains just hide users’ identities while preserving a public record of all blockchain transactions. The amount of tokens a user has received or transferred in previous transactions, as well as the balance of any cryptocurrency in the user’s wallet, are often included in the ledger.
Authorities consider privacy cryptos as an illegitimate tool for criminals to undertake in unlawful operations such as money laundering, which makes them problematic. Nonetheless, several of them have become well-known. Some instances are as follows:
Monero (XMR) is a cryptocurrency.
As of 2018, Monero is the most well-known privacy cryptocurrency.
Zcash (ZEC) is a cryptocurrency that is similar to Monero but uses a different technology (set of rules). Take a look at it here: https://z.cash/.
CloakCoin (CLOAK) is a cryptocurrency.
CloakCoin is a lesser-known privacy cryptocurrency with a variety of additional security features. See www.cloakcoin.com/en.
Dash (DASH) is a cryptocurrency.
Dash, which is also included in the payment category, is a hybrid. Dash gives the opportunity for quick and private transactions in addition to Bitcoin’s fundamental functionalities.
Platform Cryptocurrencies
Platform cryptos are also known as decentralised application protocol cryptos, smart contract cryptos, or a combination of the three terms. Cryptocurrencies that are developed on a centralised blockchain infrastructure are included in this category; developers utilise them to create decentralised apps. To put it another way, such cryptocurrencies serve as platforms on which individuals may create blockchain apps (and thus other cryptocurrencies). TIP Indeed, some experts say that you should avoid payment cryptocurrencies and instead invest in crypto platforms. They’re usually seen of as solid long-term investments since their value rises as more apps are developed on their blockchain. The number of apps and their use will grow as blockchain technology becomes more widespread, as will the price of such currency. Ethereum is the most well-known example in this category (ETH). The following are some others:
NEO (NEO) is a smart contract ecosystem that aspires to provide a platform for a new smart economy, comparable to Ethereum. NEO is the most popular cryptocurrency in China.
Lisk (LSK) is a smart contract platform built on JavaScript, comparable to Ethereum. See https://lisk.io/.
EOS (EOS): Like Ethereum, EOS is a smart contract platform with performance and scalability advantages.
Icon (ICX) is attempting to “Hyperconnect the World” by constructing one of the world’s biggest decentralised worldwide networks. Qtum (QTUM) is a Singapore-based Ethereum and Bitcoin hybrid. For more information, go to https://m.icon.foundation/?lang=en. See https://qtum.org/.
VeChain (VEN) is a blockchain-based platform that allows merchants and customers to verify the quality and authenticity of things they purchase.
Ark (ARK) aims to give developers and start-ups with an all-in-one blockchain solution. See https://ark.io/.
Substratum (SUB) aspires to build a new generation of the Internet. See https://substratum.net/.
There are hundreds of cryptocurrencies in this category, and these are only a handful of them.
Cryptocurrencies that are only available on certain exchanges
Cryptocurrencies that are only introduced and used by cryptocurrency exchanges are known as exchange-specific cryptos. These cryptos may be thought of as incentives that encourage individuals to use the exchanges’ services. A few instances of these currencies are as follows:
Binance Coin (BNB) is a cryptocurrency developed by Binance.
Binance Coin is a cryptocurrency issued by the Binance exchange that operates on the Ethereum platform and has a hard maximum cap of 200 million BNB tokens. See www.binance.com/.
KuCoin Shares (KCS): KuCoin Shares is the KuCoin exchange’s version of Binance Coin. See www.kucoin.com/.
Bibox Token (BIX): Bibox Token is one of the newest exchanges to introduce its own cryptocurrency. See www.bibox.com/.
COSS Coin (COSS): Although COSS Coin is a lot smaller exchange than KuCoin, it is planning to provide additional services in 2018. See https://coss.io/ for more information. Finance/Fintech Cryptos
Pure financial cryptos and financial technology (fintech) cryptos are grouped together here. These cryptocurrencies aid in the development of a global financial system for the blockchain and its users:
Ripple (XRP) is a cryptocurrency.
Ripple is a blockchain-based payment system for financial institutions, payment providers, digital asset exchanges, and other businesses. It’s made to transfer big sums of money swiftly and securely.
XLM (Stellar Lumens):
Stellar Lumens seeks to create a new financial system for the planet. It’s working to create an open system that allows individuals of all income levels to use financial services.
Populous (PPT) is a worldwide invoice trading platform designed to assist companies. Smart contracts handle financing and payment without the involvement of a third party.
OmiseGo (OMG): OmiseGo is a cryptocurrency that allows individuals without bank accounts to access financial services. It works with both regular money (fiat currency) and cryptocurrencies all over the globe.
Quoine (QASH): Quoine’s LIQUID platform aims to tackle the cryptocurrency market’s liquidity issue. See https://quoine.com/ .
Bancor (BNT): Bancor is a cryptocurrency that allows you to convert between two cryptocurrencies of your choosing without the involvement of a third party. See www.bancor.network/ Crypto.com (formerly Monaco, MCO): This Visa debit card that accepts cryptocurrencies enables you to spend your coins on daily transactions. See https://crypto.com/.
Cryptocurrencies for Legal and Property Transactions
In the two categories of legal and property cryptos, more cryptocurrencies are developing. But, for the time being, I’ve placed them together since they’re linked. Here are a few instances of what I mean:
Polymath (POLY): Polymath assists token investors and smart contract writers with legal assistance. See https://polymath.network/ .
Propy (PRO) is a cryptocurrency that addresses the issue of buying properties across borders using fiat currencies or cryptocurrencies. It’s the first firm to sell a property using Bitcoin and the blockchain. See https://propy.com/.
REAL and REX are two more up-and-coming property cryptocurrencies, although they’re further down the coin market cap rankings at the time of writing.
