Bitcoin Global News
(BGN)
February 26, 2018 -- ADVFN Crypto NewsWire -- Nobody really knows
whether or not an emerging digital token will be adopted by the
diverse cryptocurrency community. Of around 1,500 tokens listed on
CoinMarketCap, there are a few dozen whose market capitalization –
their perceived total value - currently ranks at $1 billion USD or
more.
Here is a fast look at the top twenty, noting each one's
platform name, token name, ticker symbol, approximate market cap in
USD, followed by a brief description.
1. Bitcoin | bitcoin | BTC | $150+ billion
Peer-to-peer cash system based on “Proof of Work” (PoW) secured
“blockchain”, a far superior foundational technology compared to
all previous attempts at creating a digital currency.
2. Ethereum | ether | ETH | $80+ billion
“Proof of Stake” (PoS) transaction verification blockchain is more
efficient than Bitcoin's PoW. Also runs distributed apps for
self-executing “smart” contracts.
3. Ripple | ripple | XRP | $30+ billion
Use of "iterative" consensus instead of blockchain enables faster
but less secure transactions. Drawing interest from large
banks.
4. Bitcoin Cash | bitcoin cash | BCH | $20+ billion
Bitcoin fork with massive market cap growth due to simultaneous
support from both the biggest mining company and biggest mining
chip manufacturer.
5. Litecoin | litecoin | LTC | $10+ billion
Bitcoin fork with faster mining algorithm.
6. Cardano | Ada | ADA | $8 billion
"Ouroboros" PoS algorithm and highly fault tolerant programming
language enables any Ada coin holder to become a "slot leader",
verify transactions, and then add to the blockchain. Runs smart
contracts, decentralized applications, side chains, multi-party
computation, and metadata.
7. NEO (previously “Antshares”) | neo | NEO | $7 billion
The “Chinese Ethereum” is embraced by both Chinese regulators and
businesses. Like Ethereum, also runs distributed apps for smart
contracts.
8. Stellar | lumen | XLM | $7 billion
Like Ripple, use of "iterative" consensus instead of blockchain
enables faster but less secure transactions, and also drawing
interest from large banks.
9. EOS | eosio | EOS | $5 billion
“Delegated Proof of Stake” (DPoS) where users give voting rights to
others to speed transaction verification. Separate public and
private blockchains.
10. IOTA | iota | MIOTA | $4 billion
Part of the Internet of Things (IoT). Each sender must do a
relatively small proof of work so that increasing transaction
volume actually speeds up the network. With no dedicated miners,
the network is more decentralized and secure because every user is
a “node”.
11. Dash | dash | DASH | $4 billion
Faster two-tier private version of Bitcoin where miners write
transactions to the blockchain, while “masternodes” relay
transactions through the network.
12. Monero | monero | XMR | $3 billion
Untraceable transactions using algorithm that mixes coins at the
protocol level. Highly fungible.
13. Ethereum Classic | classic ether | ETC | $3 billion
Original version of Ethereum; with the new “Ethereum” being a fork
of this original. The split happened because this original version
of Ethereum was hacked.
14. NEM | xem | XEM | $3 billion
“Proof of Importance” (PoI) algorithm requires users to prove they
are 'important' to the currency's ecosystem by spending coins
before they can "harvest" new ones. Less hoarding of coins.
15. VeChain | vechain (rebranding as "vechain thor" or "vet") |
VEN (rebranding as VET) | $2 billion
Tracks products through supply chains to prevent
counterfeiting.
16. TRON | tron | TRX | $2 billion
Payment, storage, and credit sharing for texts, pictures, videos,
games, and live broadcasts.
17. Tether | tether | USDT | $2 billion
Anchored to the U.S. dollar to reduce volatility. When the overall
cryptocurrency market drops, some traders take money from other
cryptocurrencies and store it in tether. When the market shows
signs of recovery, the tethers are converted back.
18. Lisk | lisk | LSK | $2 billion
“Modular blockchain” uses delegated-proof-of-stake (DPoS)
blockchain algorithm based on the voting weight of users in the
network.
19. Bitcoin Gold | bitcoin gold | BTG | $2 billion
Bitcoin fork aimed at re-enabling decentralizing mining using CPUs
instead of GPUs and ASIC chips.
20. Qtum | qtum | QTUM | $2 billion
Flexible platform designed to be used for token creation, supply
chain management, and smart contracts.
By: BGN Editorial Staff