What is cryptocurrency? Top 11 latest cryptocurrencies today

What is cryptocurrency? Top 11 latest cryptocurrencies today

By Lềm Thị Phiến | An an | 12 May 2020

What is cryptocurrency ?

Cryptocurrencies are a digital currency, designed to serve as an alternative means of exchange for fiat money. Cryptocurrencies use algorithms to secure and validate transactions as well as control the establishment of new units within a given cryptocurrency network. Basically, cryptocurrencies are a form of database with limited input, no one can change them if they do not meet certain predefined conditions.

The 11 most popular cryptocurrencies today:

1. Basic Attention Token (BAT)e4f4079d70abb1047e4e71b9002b0827f0d597e93b880f119664d3e27c5a2bf8.jpeg

Basic Attention Token (symbol: BAT) is a decentralized and transparent digital advertising platform developed based on the Ethereum Blockchain. BAT is an ERC20 token used as a payment and reward unit in the Basic Attention Token platform. BAT platform focuses on user privacy when using a web browser, most popular browsers today monitor you, know what you are looking for, see what content, buy and sell. .

With the Brave browser, users have complete control over everything, completely eliminating the above inconveniences, but still bring a good surfing experience, no ads and fast. You can decide which advertising data will be shared, and you can give BAT Token to developers if you like their content to encourage them to create even more useful information. These are also the ideas that Brave created Basic Attention Token.

Basic Attention Token project implemented an ICO to sell BAT Token on May 31, 2017 and collected about 35 million USD in less than the first 35 seconds of opening, this is considered to be a successful ICO project at that time. hours.

2. Ethereum (ETH)5b93d2d4cf19f94312d6d8fd1bc633da024280544a15503ce1f956f7f5569169.jpeg

Launched in 215, Ethereum is known as an open-source software platform based on blockchain technology, allowing developers to build and deploy applications based on distributed ecosystems.

Also considered as a cryptocurrency like bitcoin, Ethereum is also applied to many other things through smart contracts based on Blockchain technology.

3. Bitcoin Cash (BCH):20b58aa7e4fcb92ead881cf87fd7a4950d115b0e570b27b74bca0c4f102df13c.jpeg

Bitcoin Cash (code: BCH) is a peer-to-peer electronic currency. Allows users to pay directly from one party to another quickly and almost for free without having to go through any financial institution.

Wait! Do you think this definition is very similar to the concept of any copper?

Exactly! That is Bitcoin (BTC).

So why do these two coins have the same definition?

The simplest answer is: Bitcoin Cash is the first Hard Fork from Bitcoin's blockchain.

And with the above definition, Bitcoin Cash recognizes that they are the chain of development based on Satoshi Nakamoto's original idea when he founded Bitcoin - A Peer to Peer Electronic Cash.

4.Binance Coin (BNB):e49ac7bc9aaa2f02f3865628df506869f71f5825be0bf17ce2febecf33455062.jpeg

Binance Coin (symbol: BNB) is an ERC-20 token developed on Ethereum's Blockchain platform. BNB Coin is issued by Binance - the world's leading Bitcoin and cryptocurrency exchange, which is also Binance's own coin, created with the purpose of maintaining and developing the system.

Binance issued BNB tokens during the ICO (Initial coin issuance) with a maximum total supply of 200 million BNB. Of these, 50% are openly sold to the community, 40% for the founding team and 10% for the "Angel" investors (early investors and buying in bulk).

5. Bitcoin (BTC):8877792c139086a99699ae062994ecfa6f7ee47bb6f60970a789fd9f5a7221e6.jpeg

Bitcoin (BTC or XBT) is the first cryptocurrency in the world created by Satoshi Nakamoto - the pen name of the father of Bitcoin, his identity is still a mystery, Bitcoin uses the peer-to-peer protocol. (peer-to-peer) on the Blockchain technology platform for all transactions, i.e. it completely eliminates third-party intermediaries, money will be sent directly from one person to the other, so fees Transactions are almost zero, there is no country or organization to control these transactions.

Bitcoin is the electronic currency that represents the anonymous currency of the internet which we collectively call Cryptocurrency (cryptocurrencies, digital currencies or cryptocurrencies), a distinctive feature of this currency for many people. is it anonymous, unchecked by the owner and extremely low transaction costs.

6. EOS Coin:e4eddbed530b766b1ad50fa52d9f642284fbbcea14644f043bea0b87fc9de4de.jpeg

EOS (Symbol: EOS) is a Blockchain platform developed for decentralized applications (DApps) and Smart Contract, similar to Ethereum in terms of features. EOS can be viewed as an "operating system" that makes it easier to develop DApps. EOS is "backed" by the Block.one group, Block.one has raised $ 4 billion to support the building of the EOS Blockchain during the ICO.

EOS tokens were previously developed on the Ethereum blockchain according to ERC20 standard, after the launch of the test version (Testnet), on 01/60/2018, EOS officially launched the official version (Mainnet) and currently is working on version 1.1.4. In other words, EOS will no longer be the ERC20 Token and it will become Coin with its own Blockchain platform.

7. XRP (Ripple coin):e99d598e9efaeb663b59b1b8951037c6cc4e385e40c2c2a65af361e4dff5b122.jpeg

XRP (Ripple coin) is a real-time payment system (RTGS). They are also known as Ripple Transaction Protocol (RTXP) or Ripple protocol.

Ripple network was established in 2012 with the purpose of helping people to use the services of financial institutions, banks, Paypal ... with an extremely low cost but faster processing speed.

XRP uses Blockchain algorithm technology, similar to Bitcoin, to help resolve financial transactions between banks more quickly.

8. Litecoin:869654c1441c10b5f8f79abf06b53a8269bac9fe39532740d17a21baff5e2a4b.jpegAs one of the major altcoins, if Bitcoin is likened to "gold" then Litecoin can be considered "silver" in the cryptocurrency world. More specifically, Litecoin is a peer-to-peer currency of the Internet, allowing instant payments and almost free for anyone in the world.

Litecoin is an open-source, global payment network published under the MIT / X11 license, Litecoin gives users the right to run, modify and copy software, and distribute arbitrary revisions. In particular, this is a purely distributed network, not managed by any authorities and guaranteed by mathematical laws, helping users control their finances.

Thanks to significant support, Litecoin has gradually grown to become a medium of commercial intermediation comparable to Bitcoin.

9. TRON (TRX Coin):cdc53be8bc7b7e7b673cb32a8d8d86065c049ccb0f96eee41fbec7b3db2f0620.jpeg

Tron (symbol: TRX, formerly: Tronix) is a decentralized protocol based on Blockchain, created with the purpose of building a global entertainment ecosystem with completely free content thanks to saving technology. Distributed storage and Blockchain. TRON allows users to freely publish, store and own data. Tron's autonomous form of decentralization also allows users to choose how to distribute data, register, push content, and then issue digital assets.

TRON coin when released was an ERC-20 token, but recently on May 31, 2018, TRON launched the Mainnet, officially separated from Ethereum's Blockchain and run on its own Blockchain platform. It means that TRON is no longer a Token but instead becomes a real Coin.

10. Cardano (ADA):b04b5c08bd2a9dc614228df330e989428e655767260b03f9cb7bdc93036b647d.pngCardano is a blockchain project and also a decentralized, open-source, decentralized cryptocurrency built entirely by a group of researchers and engineers aimed at helping to create a smart economy. intelligent. The ADA is the currency of this system.

The Cardano project was started in 2015 by Hong Kong Input Company (IOHK). Charles Hoskinson, the co-founder of both Ethereum and BitShares is the CEO of IOHK.

Cardano's idea is to build a superior blockchain, overcoming the disadvantages of old blockchains like Bitcoin, Ethereum and others. The goal is to make transactions - cheaper, faster and more in quantity.

11. Stellar:1f44dbe7cbf94c40074da3c8a9439234b389b4122f92fce37eb89e3a83c6c35e.jpeg

Stellar is an open source protocol Cryptocurrency for currency exchange, Stellar was released in early 2014 by Jed McCaleb and Joyce Kim. Stellar coin's development team and advisory team members include Keith Raboios, Matt Mullenweg, Patrick Collison, Greg Stein, Sam Altman, Joi Ito, Naval Ravikant and many others. XLM-supported protocols are supported by a non-profit organization called the Stellar Development Foundation.

The working principle of Stellar Lumens is to allow you to send and receive money between currency pairs according to the decentralized protocol. For example: When you deposit USD and the recipient will receive EUR back. The Stellar coin's form is similar to that of Bitcoin, implementing protocols for exchanging coins between different currencies.

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