Crypto that May Become Successful Projects & Basic/Simplified Definitions for Uses of Each Coin

Crypto that May Become Successful Projects & Basic/Simplified Definitions for Uses of Each Coin


 

From everything I’ve read and looked into over this past yr. the following are the extremely simplified definitions & understandings of each cryptocurrency.

**\*\*** I also listed a few cryptocurrencies below each of my definition understandings that I thought were similar to the crypto above. Please correct me if I’m wrong and any are not similar & feel free to add any other altcoins that are similar and that you believe has potential of becoming a successful project.

**(Please be kind on this post, I’m only trying to educate myself on this subject, thank you.)**

=== Bitcoin:** The “gold standard” of this digital economy that all other coins are to be centered around and compared to in terms of value

=== Ethereum:** The main part of this digital economy that other altcoins are built upon and managed

-- Solana

-- Tron

-- Cosmos

-- Cardano

=== DogeCoin:** The digital dollar that is used for everyday transactions for its fast speed and simplicity

-- BitcoinCash

-- Stellar Lumens

=== Amp:** The digital collateral token used as temporary payment to merchants while your payment is being transacted

-- Uniswap

-- Aave

-- Ren

=== Filecoin:** Used for transferring info. And file sharing and storage

-- The Graph

-- BitTorrent

=== Monroe:** Used for extremely secure transactions and anonymity

-- Z Cash

-- Bytecoin

=== Tether:** The digital token backed and based on the US dollar

**(Remember these definitions are only my interpretations & very beginner understandings of what these altcoins are and potential)**

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SunkTump1001
SunkTump1001

I’m awesome! I’m also new to the cryptocurrency world and am trying to learn how everything works.


Crypto & My Experience with Crypto
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