Listing of cryptocurrency - What is cryptocurrency (2024)

Ripple may be a real-time global settlement network that gives instant, certain and low-cost international payments. Launched in 2012, Ripple “enables banks to settle cross-border payments in real-time, with end-to-end transparency, and at lower costs.”5 Ripple’s consensus ledger (its method of conformation) is exclusive therein it doesn’t require mining.

Indeed, all of Ripple's XRP tokens were "pre-mined" before launch, meaning that there's no "creation" of XRP over time, only the introduction and removal of XRP from the market supply consistent with the network's guidelines. During this way, Ripple sets itself aside from bitcoin and lots of other altcoins. Since Ripple’s structure doesn't require mining, it reduces the usage of computing power and minimizes network latency.

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So far, Ripple has seen success with its current business model; it remains one among the foremost enticing digital currencies in the listing of cryptocurrency among traditional financial institutions trying to find ways to revolutionize cross-border payments. it's also currently the third-largest cryptocurrency within the world by overall market cap.

As of Jan. 8, 2020, Ripple had a market cap of $9.2 billion and a per-token value of $0.21.7

3. Litecoin (LTC)

Litecoin, launched in 2011, was among the primary cryptocurrencies to follow within the footsteps of bitcoin and has often been mentioned as “silver to bitcoin’s gold”. It had been created by Charlie Lee, an MIT graduate and former Google engineer. It is predicated on an open-source global payment network that's not controlled by any central authority and uses "scrypt" as a symbol of labor , which may be decoded with the assistance of CPUs of consumer-grade. Although Litecoin is like bitcoin in some ways , it's a faster block generation rate and hence offers a faster transaction confirmation time.8 aside from developers, there are a growing number of merchants who accept Litecoin.

As of Jan. 8, 2020, Litecoin had a market cap of $3.0 billion and a per-token value of $46.92, making it the sixth-largest cryptocurrency within the world.

4. Tether (USDT)

Tether was one among the primary and hottest of a gaggle of so-called stablecoins, cryptocurrencies which aim to peg their market price to a currency or other external point of reference so on reduce volatility. Because most digital currencies, even major ones like bitcoin, have experienced frequent periods of dramatic volatility, Tether and other stablecoins plan to smooth price fluctuations so as to draw in users who may rather be cautious.

Launched in 2014, Tether describes itself as "a blockchain-enabled platform designed to facilitate the utilization of fiat currencies during a digital manner."10 Effectively, this cryptocurrency allows individuals to utilize a blockchain network and related technologies to transact in traditional currencies while minimizing the volatility and complexity often related to digital currencies.

On Jan. 8, 2020, Tether was the fourth-largest cryptocurrency by market cap, with a complete market cap of $4.6 billion and a per-token value of $1.00.11

5. Bitcoin Cash (BCH)

Bitcoin Cash (BCH) holds a crucial place within the history of altcoins because it's one among the earliest and most successful hard forks of the first bitcoin. within the cryptocurrency world, a fork takes place because the results of debates and arguments between developers and miners. thanks to the decentralized nature of digital currencies, wholesale changes to the code underlying the token or coin at hand must be made thanks to general consensus; the mechanism for this process varies consistent with the actual cryptocurrency.

When different factions can’t come to an agreement, sometimes the digital currency is split. With the first remaining faithful its original code and therefore the other copy beginning life as a replacement version of the prior coin, complete with changes to its code. BCH began its life in August of 2017 as a results of one among these splits. the talk which led to the creation of BCH had to try to to with the difficulty of scalability; the Bitcoin network features a strict limit on the dimensions of blocks: one megabyte (MB).

BCH increases the block size from one MB to eight MB, with the thought being that larger blocks will leave faster transaction times.12 It also makes other changes, too, including the removal of the Segregated Witness protocol which impacts block space.

As of Jan. 8, 2020, BCH had a market cap of $4.4 billion and a worth per token of $240.80.13

6. Libra (LIBRA)

One of the most-hyped cryptocurrencies is one that, as of January 2020, has yet to even launch. By mid-2018, rumors circulated that social media giant Facebook, Inc. (FB) was developing its own cryptocurrency adding to the listing of cryptocurrency in 2020. Given Facebook's incredible global reach and therefore the potential for enormous volumes of exchange across its platform. The cryptocurrency world had long speculated that the social media titan might launch its own digital token.
Rumors were formally confirmed on June 18, 2019, when Facebook released the white book for Libra. The tentative launch date for the token is later in 2020, as Facebook has committed to sorting through regulatory barriers before launch. Libra are going to be overseen partially by a replacement Facebook subsidiary, the financial services outfit Calibra. When Libra does launch, it's bound to garner massive amounts of attention from those within (and outside of) the cryptocurrency sphere.

7. Monero (XMR)

Monero may be a secure, private and untraceable currency. This open-source cryptocurrency launched in April 2014 and shortly spiked great interest among the cryptography community and enthusiasts. The event of this cryptocurrency is totally donation-based and community-driven. Monero has been launched with a robust specialise in decentralization and scalability. It enables complete privacy by employing a special technique called “ring signatures.”

With this system , there appears a gaggle of cryptographic signatures including a minimum of one real participant. But since all of them appear valid, the important one can't be isolated. Due to exceptional security mechanisms like this, Monero has developed something of an unsavory reputation. It's been linked to criminal operations round the world. Nonetheless, whether it's used permanently or ill, there’s no denying that Monero has introduced important technological advances to the listing of cryptocurrency space.

As of Jan. 8, 2020, Monero had a market cap of $994.0 million and a per-token value of $57.16

8. EOS (EOS)

Aside from Libra, one among the most recent digital currencies to form our listing of cryptocurrency is EOS. Launched in June of 2018, it was created by cryptocurrency pioneer Dan Larimer. Before his work on EOS, Larimer founded the digital currency exchange Bitshares also because the blockchain-based social media platform Steemit. Like other cryptocurrencies on this list, EOS is meant after ethereum. So it offers a platform on which developers can build decentralized applications. EOS is notable for several other reasons, though.

First, its initial coin offering was one among the longest and most profitable in history. Raking during a record $4 billion approximately in investor funds through crowdsourcing efforts lasting a year. EOS offers a delegated proof-of-stake mechanism which it hopes to be ready to offer scalability beyond its competitors. EOS consists of EOS.IO, almost like the OS of a computer and acting because the blockchain network for the digital currency, also as EOS coins.

Extra on EOS Listing of Cryptocurrency
EOS is additionally revolutionary due to its lack of a mining mechanism to supply coins. Instead, block producers generate blocks. EOS includes a complex system of rules to govern this process, with the idea being that the network will ultimately be more democratic and decentralized than those of other cryptocurrencies.

As of Jan. 8, 2020, EOS had a market cap of $2.7 billion and a per-token value of $2.85.19

9. Bitcoin SV (BSV)

Bitcoin SV (BSV), with "SV" in this case standing for "Satoshi Vision," is a hard fork of Bitcoin Cash. In this sense, BSV is a fork of a fork of the original Bitcoin network. A planned network upgrade for November of 2018 resulted in a protracted debate between mining and developing factions in the BCH community. Leading to a hard fork and the creation of BSV.

As of Jan. 8, 2020, BSV had a market cap of $2.1 billion and a per-token value of $114.43.21

10. Binance Coin (BNB)

Binance Coin (BNB) is the official token of the Binance cryptocurrency exchange platform. It has quickly risen to become the largest exchange of its kind globally in terms of overall trading volume. The Binance Coin token allows Binance users to trade in dozens of listing of cryptocurrencies efficiently on the Binance platform.