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Index

Crypto Concurrence

List of the most common Currencies

  • Bitcoin (BTC): The first and most widely recognized cryptocurrency, serving as digital gold and a store of value.
  • Ethereum (ETH): Uses the Ethereum Virtual Machine (EVM) and supports Turing-complete smart contracts. That has Transistioned from PoW to Proof-of-Stake (PoS) with Ethereum 2.0.
  • XRP (XRP): Utilizes a consensus ledger with validator nodes instead of mining, ensuring faster and cheaper transactions.
  • Tether (USDT): A stablecoin pegged to the US dollar backed by Tether. Using many diffrent chains including Etherium (ERC-20) and the TRON (TRC-20)
  • Cardano (ADA): Implements the Ouroboros PoS consensus, designed for security and energy efficiency, with a layered blockchain architecture for scalability.
  • Solana (SOL): Uses Proof-of-History (PoH) combined with PoS to achieve high throughput and low latency
  • USD Coin (USDC): A fiat-backed stablecoin utilizing ERC-20 and other blockchain standards for cross-chain compatibility.
  • Dogecoin (DOGE): Originated as a meme coin, that uses fork of Litecoin using Scrypt-based PoW mining
  • Shiba Inu (SHIB): A meme-based coin using the Etherium (ERC-20) chain with DEX and staking.
  • Polkadot (DOT): Facilitates interoperability between different blockchains, allowing them to communicate and share information.
  • Avalanche (AVAX): Employs a unique consensus protocol that utilizes multiple validators to achieve high scalability without sacrificing decentralization.
  • Chainlink (LINK): Provides decentralized oracles that connect smart contracts with real-world data, enabling more complex applications.
  • Litecoin (LTC): Uses Scrypt PoW for faster block times compared to Bitcoin, aiming to enhance transaction speed and efficiency.
  • Uniswap (UNI): A leading decentralized exchange (DEX) that allows users to trade tokens directly from their wallets without intermediaries.
  • Binance Coin (BNB): Initially launched to pay for trading fees on the Binance exchange, it has evolved into a utility token with various use cases within the Binance ecosystem.
  • Stellar (XLM): Uses the Stellar Consensus Protocol (SCP), which relies on a quorum-based federated model for transaction validation.
  • Monero (XMR): FImplements CryptoNote and ring signatures to ensure untraceable transactions, enhancing privacy and anonymity.
  • Bitcoin Cash (BCH): A Bitcoin fork that increases block size to improve scalability and lower transaction costs.
  • Algorand (ALGO): Uses Pure Proof-of-Stake (PPoS) for instant finality and high throughput without forking risks.
  • VeChain (VET): Utilizes a dual-token system and Proof-of-Authority (PoA) consensus to facilitate enterprise adoption in supply chain tracking.
  • Filecoin (FIL): A decentralized storage network using Proof-of-Replication (PoRep) and Proof-of-Spacetime (PoSt) to verify stored data.
  • Tezos (XTZ): Features on-chain governance, allowing protocol upgrades via stakeholder voting without requiring forks.
  • EOS (EOS): Uses Delegated Proof-of-Stake (DPoS) for fast transactions and high scalability, enabling enterprise-level dApps.
  • Tron (TRX): Uses DPoS and focuses on high transaction speeds, targeting content creators with decentralized media applications.
  • Neo (NEO): Supports digital identity and assets using a dBFT (Delegated Byzantine Fault Tolerance) consensus mechanism.
  • Cosmos (ATOM): Enables interoperability between independent blockchains via the Inter-Blockchain Communication (IBC) protocol.
  • Internet Computer (ICP): Uses a unique chain-key cryptography model to enable web-based smart contract execution without traditional servers.
  • Hedera Hashgraph (HBAR): Implements a Hashgraph consensus mechanism, which provides asynchronous Byzantine fault tolerance (ABFT) for high throughput.
  • Aave (AAVE): Uses Ethereum smart contracts for decentralized lending, enabling innovative features like flash loans.
  • Theta Network (THETA): Utilizes a multi-level node structure with Edge Nodes to optimize decentralized video streaming.
  • Elrond (EGLD): Uses Adaptive State Sharding and a Secure PoS consensus for high transaction throughput and scalability.
  • PancakeSwap (CAKE): A BSC-based AMM DEX, leveraging BSC’s low fees and high-speed block finality.
  • Kusama (KSM): Acts as Polkadot’s experimental network, testing new features before mainnet deployment, using the same parachain model.
  • Huobi Token (HT): An ERC-20 token that integrates with Huobi’s ecosystem, using BSC for faster transactions and lower fees.
  • SushiSwap (SUSHI): A Uniswap fork with added governance and incentive mechanisms for liquidity providers.
  • Dash (DASH): Implements InstantSend and PrivateSend features, enhancing Bitcoin’s original model for speed and privacy.
  • Zcash (ZEC): Uses zk-SNARKs (zero-knowledge proofs) to enable shielded transactions, ensuring privacy.
  • Waves (WAVES): Uses a Leased Proof-of-Stake (LPoS) model and enables token issuance with minimal programming knowledge.
  • Maker (MKR): Manages DAI, a decentralized stablecoin, through collateralized debt positions (CDPs) on Ethereum.
  • Compound (COMP): Uses algorithmic interest rate models for decentralized lending and borrowing on Ethereum.
  • Enjin Coin (ENJ): Uses Ethereum’s ERC-1155 token standard for gaming asset tokenization and NFT creation.
  • Decred (DCR): Employs a hybrid PoW/PoS consensus for on-chain governance and security enhancements.
  • Stacks (STX): Enables smart contracts on Bitcoin by using a novel consensus mechanism called Proof-of-Transfer (PoX).
  • NEM (XEM): Introduced the Proof-of-Importance (PoI) consensus, rewarding network participation rather than just staking.
  • Holo (HOT): Uses a distributed hash table (DHT) instead of blockchain for hosting decentralized applications.
  • Qtum (QTUM): Combines Bitcoin’s UTXO model with Ethereum’s smart contract capabilities via an Account Abstraction Layer.
  • Ontology (ONT): Specializes in decentralized identity solutions using a dual-token model for governance and utility.
  • ICON (ICX): Uses a Loopchain protocol for cross-chain interoperability and scalable smart contract execution.
  • Siacoin (SC): Uses file contracts and erasure coding for decentralized storage verification and redundancy.
  • Revain (REV): Implements blockchain immutability for verified review storage, ensuring transparency in online feedback systems.