According to CoinMarketCap, at the making of this video, there are about 9,000 cryptocurrencies,
with new ones coming every day. Some are real, and others are just plain scams.
Before we begin, there are some key terms we need to know. In the blockchain world,
two of the most important assets are tokens and cryptocurrencies.
First, let’s talk about cryptocurrencies. These digital currencies use cryptography
to verify transactions. Each registry goes on a unique ledger, known as a blockchain.
It’s important to highlight that each cryptocurrency is supported by its own
blockchain. In other words, they’re native assets to that blockchain protocol and don’t
rely on other platforms. Some examples include Bitcoin (BTC) and Ethereum (ETH).
Sometimes, organizations take existing blockchain protocols
and create their platforms on top of them, for specific needs. ´They also
create their own cryptocurrency, based on pre-existing blockchains.
These are called tokens and are typically used for access or transactions within each platform.
One easy way to know if you’re dealing with tokens or cryptocurrencies is by asking yourself:
is it independent or does it use a pre-existing blockchain?
Finally, there’s the term altcoin: you can use this term for all those cryptocurrencies
that are an alternative to Bitcoin, hence the name. And there are a lot of them out there.
So, today, we're bringing you 100 cryptocurrencies in 10 minutes.
Bitcoin (BTC): experts call it gold and cash all in one. It's that big.
Ether (ETH): fuel for the Ethereum world, one of the biggest platforms in crypto.
Bitcoin cash (BCH): it's a Bitcoin clone with bigger blocks for more transactions.
XRP: makes transactions easier by being a bridge between fiat currencies
Litecoin (LTC): it's silver to Bitcoin's gold, plus, it's faster.
Dash (DASH): it's a faster and more anonymous Bitcoin.
Neo (NEO): it's Chinese Ethereum. NEM (XEM): manages assets and
data efficiently, at a low cost. Monero (XMR): Highly anonymous,
so secrecy is the name of the game. Ethereum Classic (ETC): it's an
Ethereum Clone born in 2016. mIOTA (MIOTA): works for
transactions and payments in the world of the Internet Of Things.
Qtum (QTUM): Imagine Ethereum's contract functionality and Bitcoin's
security. So, the best of both worlds? OmiseGO (OMG): So, OMG wants to be the
number one option for exchange transactions. Zcash (ZEC): this crypto validates transactions
without revealing any compromising info, so it's more private and anonymous.
Lisk (LSK): a token for easier mining and app development.
ADA (ADA): Ada works in Cardano, a platform that offers more scalability,
interoperability, and sustainability. Tether (USDT): Tether anchors or tethers to
currencies like the dollar on a 1-to-1 value, known as a stablecoin,
though it's not always stable. Gemini Dollar (GUSD) claims to
be the first regulated stablecoin, but… Paxos Standard (PAX) is a stablecoin
that also came out that same day. So, who gets the bragging rights?
Stellar Lumens (XLM): The lumen helps individuals transfer money instead of institutions.
EOS (EOS): EOS tokens work as currency for developers in the EOS platform.
Hshare (HSR): The Hshare token is for transactions within the Hypershare platform.
Waves (WAVES): These tokens peg to real-life assets like stocks,
intellectual property, and even Fiat currency. Stratis (STRAT): the Stratis token transfers value
within the highly customizable Stratis platform. Komodo (KMD): Komodo uses the KMD token
and allows users to create blockchains and sales.
ARK (ARK): With the Ark token, users and businesses create their blockchains.
The fact that users can create their tokens leads to many
creative cryptocurrencies. Some are scams, but others, like meme coins,
can gain immense popularity in a surprisingly short period. Here are just some examples.
BitConnect (BCC): Bitconnect was a Ponzi scheme platform that tricked thousands of users.
OneCoin (ONE): was one of the first crypto Ponzi schemes back in 2014.
Safemoon (SAFEMOON): this altcoin promised safety and stability. But,
it ended up being a pump-and-dump scheme. Monaco/Crypto (MNC) promises integration, even a
credit card, but people don't trust the company. Dogecoin (DOGE): the mother of all meme coins,
started as a joke. But it's somewhat legit: it has even helped finance the
Jamaican Bobsled team. But its story is far too extraordinary to summarize in just one
short video. So, we made a video about it. Shibainu (SHIBAINU): this crypto rose in
value in just weeks then crashed as quickly as the hype began. Here are other Doge spinoffs:
Doge Token (DOGET) MiniDOGE (MINIDOGE)
ShibaCOIN (SHIBACOIN) Tuna Dog (TUNADOG)
FantasticBabyDoge (FBDOGE) Are all meme coins that have derived from DogeCoin. But they're either on
many watchlists for lack of credibility. GetGemz (GMZ) the GEMZ was crypto for the
GetGemz social network, where you could trade for Bitcoin. It's considered one of
the top cryptocurrency failures of all time. Electroneum (ETN) Its motto is user-friendly
and mobile-oriented, with almost instantaneous transactions.
Bytecoin (BCN) Anonymity is its core philosophy. Interesting that privacy is
so important in the crypto world. Steem (STEEM) Anybody can create
and share content, and they earn Steem tokens, depending on how good they are.
Ardor (ARDR): Ardor allows users to develop customized blockchains,
using the Ardor token for transaction fees. Binance Coin (BNB): The Binance Exchange is
one of the biggest globally, and BNB tokens are ideal for moving about in that ecosystem.
Augur (REP): users receive payouts for predicting a winning outcome,
while REP acts as a verification token. Populous (PPT): If you have an invoice to sell,
you can use the PPT token in Populous, where transaction costs are lower and more secure.
Decred (DCR) DCR's strongpoint is decentralized governance,
where every DCR holder could vote in block mining processes.
TenX (PAY) if you want to combine the real world with crypto, TenX offers a physical debit card,
plus a bank account and a digital wallet. MaidSafeCoin (MAID) blockchain cloud storage
promises safer storage of all your information, using The MaidSafeCoin for transactions.
Golem (GNT) Golem allows you to rent other people's computers, and those who rent devices
earn GNTs, to trade later for BTC, ETH, and USDT. Factom (FCT) Factom can upload businesses' data on
the blockchain, using the FCT for transactions. But, to use these, you must first own bitcoin.
Basic Attention (BAT): this advertising platform allows users, advertisers, and publishers to
trade with BAT tokens. Uniswap (UNI):
Uniswap gives users more control by reducing intermediaries and decentralizing exchanges.
Zcash (ZEC): As you have seen, many cryptos promise more privacy. But this
one even has Edward Snowden's backing. BitShares (BTS): users convert their
cryptocurrencies to stable assets, using the BTS token in between.
Chainlink (LINK) closes the gap between the blockchain and the real world,
using LINK tokens as payment for operators. Power Ledger (POWR) is a platform that trades
energy in peer-to-peer form and, to access it, you must buy POWR tokens.
NXT (NXT) allows mining and app development and storage, and the NXT
tokens help you navigate this open system. Salt (SALT) Salt uses cryptocurrencies as
collateral for loans, and you need the SALT token to access them.
PIVX (PIVX) This Dash clone has no maximum coin supply, with the
newly-minted coins spreading amongst users. Monacoin (MONA): the Litecoin-fork currency has
a block creation that's 90% faster than Bitcoin. Celo (CELO) promises to make it easier for your
hot wallet to send and receive money, as well as use its token for purchases.
Axie Infinity (AXIS) is a trading and battling game where you collect, grow and trade token-based
creatures. That's pretty creative. Solana (SOL): this token allows for
transactions in the Solana ecosystem, which promises to fix Bitcoin's
weaknesses and make for a competitive platform. DigixDAO (DGD/DGX): The DGD is a security token,
while the DGX is the commodity token with its value linked to a gram of gold.
Polkadot (DOT): this is one of the newest cryptocurrencies that aims to create an
ecosystem comparable to Ethereum. TRON (TRX) aims to create a free
global entertainment system using blockchain, paying content creators with the Tronix token.
Pancake swap (CAKE): you can exchange tokens to provide liquidity and get CAKE tokens as rewards.
Mina (MINA) aimed to reduce computational requirements,
and it's one of the lightest blockchains around.
Chilliz (CHZ) was the token within a social network called Socios dot com, which had
impressive growth but then stalled and crashed. Veritaseum (VERI): users trade through the
VERI token, but the platform is more famous for its controversial founder.
Ripio Credit (RCN) is a token for bank-less loans through the Ripio platform.
eGold (EGLD) helps you pay network fees and reward validators in the
Elrond platform for swift transactions. SwissBorg (CHSB) is a token in the independent
personal finance platform SwissBorg, which aims to revolutionize banking.
Ravencoin (RVN): RVN tokens represent assets like securities, credit,
and commodities on the Ravencoin platform. KAVA (KAVA) users lock cryptocurrencies to
smart contracts, and those who put up collaterals receive KAVA tokens.
Loopring (LRC) is just one of the many cryptocurrencies you can use on the Loopring
platform, where you can trade cryptos and assets. Quant (QUANT) is part of a cost-effective platform
where you exchange assets, including big names like Nvidia and Oracle.
Holo (HOT) is a peer-to-peer communications platform that doesn't require mining, plus the HOT
token is expected not to experience inflation. Nexo (NEXO) is the token for instant
cryptocurrency-backed loans through the NEXO platform.
Bancor (BNT) is a token for converting from one crypto to another, without an external
exchange, as part of the Bancor platform. Celsius (CEL) the CEL token helps perform
tasks in an all-in-one financial services platform and even increase payout values outside of it.
BitTorrent (BTT), originally a file-sharing site, is now a cryptocurrency focused on
entertainment as part of Tron's platform. Avalanche (AVAX) the AVAX token works
as fee collection and incentive in the free-trade Avalanche platform.
Tezos (XTZ) think of it as Ethereum with constant improvement, where you receive
rewards based on how many XTZ you have. Terra (LUNA) the LUNA token helps stabilize
stablecoins within the Terra platform. AAVE (AAVE) is a token in a lending system
with lower rates, discounts, and instant loans. Klaytn (KLAY) is the token in the Klaytn platform
for developing applications at minimal fees. SushiSwap (SUSHI) makes markets between any two
pairs of cryptocurrencies, with the Sushi token as a reward for those transactions.
Ontology (ONT) is the cryptocurrency that powers Ontology, where businesses can have
smart contracts and still control sensitive data. BakerySwap (BAKE) Bake tokens are rewards for
liquidity creators in the BakerySwap market maker. Revain (REV) the REV token incentivizes authors
to review projects on the Revain platform. Year.Finance (YFI) is a lending and trading
platform that uses the YFI token for locking contracts.
Telcoin (TEL) is a token for e-commerce sites. The more TEL you got, the more incentives you get
Ox (ZRX) ZRX works as payment for relayers and takers in the 0X (zeroX) automated market maker.
Algorand (ALGO) a faster, less consuming version of Bitcoin,
plus Algo coins go to all users, not only miners.
FTX token (FTT) is the token for the FTX crypto futures market,
and if more trading happens, the FTT gains value. Crypto-dot-com Coin (CRO): this token allows
users to pay to many globally available merchants through the crypto.com platform.
Ziliqa (ZIL) is a token in Ziliqa, which accepts large transfers and
microtransactions at high speeds. OKB (OKB) connects digital assets
and investors globally Hedera Hashgrah (HBAR): this
energy-efficient cryptocurrency pays for network services and protection.
So, there you have, 100 cryptos in 10 minutes.