While the list of available cryptocurrencies appears to be growing endlessly. Core mainstream interest appears to be focused on about a dozen of them, as they have become the most popular.
Bitcoin (BTC): This was the first cryptocurrency to debut and adopt peer to peer blockchain technology for trading bitcoin in 2009. It is presently the most valuable type of cryptocurrency.
Ethereum (ETH): Ethereum evolved as a blockchain improvement over the existing Bitcoin network. It was designed to be a programmable blockchain for users to design and distribute applications. Ether became the primary currency for transactions on the Ethereum network, and is currently the second most adopted cryptocurrency.
Litecoin (LTC): Litecoin was offered in 2011 as an improved alternative to bitcoin, to facilitate faster transaction processing and support trade beyond borders.Ripple (XRP): Ripple was introduced in 2012, as an attempt to further reduce transaction processing time and costs.
Dogecoin (DOGE): Originally intended as a joke in 2013, this cryptocurrency has gone ahead to achieve main stream appeal following tweets from Elon Musk, Snoop Dogg and other enthusiasts. It was designed as a parody cryptocurrency similar to the Bitcoin Block chain network, but with unlimited number of coins that can be mined, similarly to Ethereum.
Monero (XMR): Monero’s value proposition in 2014 as a crypto currency was to offer greater privacy and anonymity on a public distributed ledger system.
Dash (DASH): Dash is another cryptocurrency that was forked out of the original bitcoin blockchain network in 2014 to offer increased speed of transactions and privacy to its users.
Tether (USDT): Tether is a stablecoin, whose value is pegged against the US Dollar on a 1 to 1 basis. It runs on the Ethereum blockchain network. The prime objective of tether was to achieve wider acceptability as a medium of exchange, avoiding the wild swings of volatility that has plagued other cryptocurrencies. Launched in 2014, it has grown to become the world's largest stablecoin.
Bitcoin Cash (BCH): This was the result of a hard fork done on the BTC blockchain in 2017, to accommodate larger blocks and improve the speed of consummation of transactions on the network.
Cardano (ADA): Cardona prides itself as a next generation blockchain network, offering more efficient transaction processing with lower power consumption. Established in 2017, it offers a more sustainable and environmentally friendly alternative to Bitcoin and other cryptocurrencies.
Solana (SOL): Established in 2020, Solana is another blockchain network that made giant strides towards improvements in decentralised Finance (DeFi) and smart contracts. Sol is the cryptocurrency used on its blockchain network.
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