{"id":28062,"date":"2016-09-23T23:01:47","date_gmt":"2016-09-23T15:01:47","guid":{"rendered":"https:\/\/www.hongkiat.com\/blog\/?p=28062"},"modified":"2021-07-05T21:53:03","modified_gmt":"2021-07-05T13:53:03","slug":"hottest-cryptocurrencies-to-know","status":"publish","type":"post","link":"https:\/\/www.hongkiat.com\/blog\/hottest-cryptocurrencies-to-know\/","title":{"rendered":"Top 10 Cryptocurrencies You Should Know"},"content":{"rendered":"<p>Cryptocurrency, or digital currency, is an invention of the Internet. Basically, someone out there thought, \"hey, what if we can create a system where money is not bound by geography, like the internet\" and lo and behold, now we have <strong>over 3000 cryptocurrencies<\/strong> going around.<\/p>\n<p><strong>Not all cryptocurrencies are created equal<\/strong>. Some feature amazing underlying blockchain technology behind its creation. Some were created \u2018just because\u2019, or as a joke. Some were part of an <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/news.bitcoin.com\/beware-definitive-onecoin-ponzi\/\">elaborate pyramid scheme<\/a>. Some are pretty useless to keep as they are perceived as worthless \u2013 <strong>any cryptocurrency is only as valuable as the value assigned to it by a mass audience<\/strong>.<\/p>\n<p>Like any other assets (think of stocks, or property), its <strong>price can rise and fall quickly<\/strong>, making them <strong>highly volatile and risky investments<\/strong>. Here are the top 10 cryptocurrencies and what they are known for.<\/p>\n<p><strong>Note<\/strong>: The ranking was taken from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\">CoinGecko<\/a>, a website that ranks cryptocurrencies by developer activity, community and liquidity. All figures are accurate as of mid-July 2016.<\/p>\n<div class=\"ref-block ref-block--post\" id=\"ref-post-1\">\n\t\t\t\t\t<a href=\"https:\/\/www.hongkiat.com\/blog\/bitcoin-alternatives\/\" class=\"ref-block__link\" title=\"Read More: 15 Altcoins (Bitcoin Alternatives) You Should Know\" rel=\"bookmark\"><span class=\"screen-reader-text\">15 Altcoins (Bitcoin Alternatives) You Should Know<\/span><\/a>\n<div class=\"ref-block__thumbnail img-thumb img-thumb--jumbo\" data-img='{ \"src\" : \"https:\/\/assets.hongkiat.com\/uploads\/thumbs\/250x160\/bitcoin-alternatives.jpg\" }'>\n\t\t\t\t\t\t\t<noscript>\n<style>.no-js #ref-block-post-38010 .ref-block__thumbnail { background-image: url(\"https:\/\/assets.hongkiat.com\/uploads\/thumbs\/250x160\/bitcoin-alternatives.jpg\"); }<\/style>\n<\/noscript>\n\t\t\t\t\t\t<\/div>\n<div class=\"ref-block__summary\">\n<h4 class=\"ref-title\">15 Altcoins (Bitcoin Alternatives) You Should Know<\/h4>\n<p class=\"ref-description\">\n\t\t\t\t\t\tBitcoin -- the first and most well-known cryptocurrency -- has been around for over a decade as we...\t\t\t\t\t\t<span>Read more<\/span><\/p>\n<\/div>\n<\/div>\n<h2>1. Bitcoin<\/h2>\n<p>The original cryptocurrency and the one that started it all, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoin.org\/en\/\">Bitcoin<\/a> was created and released in 2009 by Satoshi Nakamoto, an anonymous figure. Bitcoin has the biggest market cap to date around $10billion, overshadowing all other cryptocurrencies in this list, combined.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/hottest-cryptocurrencies-to-know\/bitcoin.jpg\" width=\"958\" height=\"531\" alt=\"bitcoin\"><\/figure>\n<p>For most people, an introduction into cryptocurrencies is an introduction to Bitcoin. Because Bitcoin has such a big reputation, <strong>all other cryptocurrencies are referred to as \u2018altcoins\u2019<\/strong> \u2013 alternative coins because they are alternatives to Bitcoin.<\/p>\n<p><strong>Known for<\/strong>: being the first, easiest to get, widest acceptance<\/p>\n<h2>2. Ether<\/h2>\n<p>Ether is the cryptocurrency for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ethereum.org\/en\/\">Ethereum<\/a>, a decentralised platform that can <strong>execute peer-to-peer \u2018smart contacts\u2019.<\/strong> As of September 2016 and as a result of an attack to The DAO, Ethereum was split into 2: Ethereum (ETH) and Ethereum Classic (ETC).<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/hottest-cryptocurrencies-to-know\/ethereum.jpg\" width=\"904\" height=\"507\" alt=\"ethereum\"><\/figure>\n<p>Created by Vitalik Buterin and launched in mid-2015 after a successful crowdsale, this platform was marketed as the <strong>\"next generation cryptocurrency and decentralised application platform\"<\/strong> and has a market cap of $1.1 billion.<\/p>\n<p><strong>Peer-to-peer smart contracts<\/strong> are what Ethereum is known for, aside from the cryptocurrency. It enables people to code and enact contracts without third parties. For example, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/@ConsenSys\/a-101-noob-intro-to-programming-smart-contracts-on-ethereum-695d15c1dab4#.lhzmexp74\">this guide<\/a> explains how you can set up a smart contract for a conference, where organisers can sell tickets, set a maximum number of attendees, and provide refunds automatically.<\/p>\n<p><strong>Known for:<\/strong> smart contract, first alternative to Bitcoin, Vitalik Buterin<\/p>\n<h2>3. Litecoin<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/litecoin.org\/\">Litecoin<\/a> was released in October 2011 by former <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coindesk.com\/litecoin-creator-charles-lee-has-left-google-to-work-at-coinbase\">Google employee Charles Lee<\/a> as an alternative to Bitcoin. Overall, Litecoin is similar (and familiar) \u2013 it can be mined, used as currency and transacted for goods and services.<\/p>\n<p>It has a market cap of roughly $180 million, a far cry from its highest peak of $1.2 billion back in 2013.<\/p>\n<p><strong>Known for<\/strong>: alternative to Bitcoin, most similar to Bitcoin<\/p>\n<h2>4. Monero<\/h2>\n<p>Bitcoin is frequently mislabeled as an \u2018anonymous\u2019 currency (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoin.org\/en\/you-need-to-know\">it\u2019s not<\/a>). <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.getmonero.org\/\">Monero<\/a>, on the other hand, is a cryptocurrency that <strong>focuses on privacy<\/strong> \u2013 using the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.livebitcoinnews.com\/is-monero-an-underrated-anon-based-cryptocurrency\/\">ring signature technology<\/a>, Monero is \u2018secure, private and untraceable\u2019.<\/p>\n<p>At fourth place with $138 million in market cap, Monero is mostly used by <strong>individuals wishing to remain incognito<\/strong> on the web.<\/p>\n<p><strong>Known for:<\/strong> being a privacy-centric cryptocurrency<\/p>\n<h2>5. Ripple<\/h2>\n<p>The next on the list, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ripple.com\/\">Ripple<\/a>, is actually a real-time gross settlement system, currency exchange and remittance network. The cryptocurrency is called ripples. Released in 2012 and with a current market cap of $243 million, the Ripple system has been <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ripple.com\/category\/insights\/news\/\">integrated into a few banks<\/a> and payment networks to reduce costs.<\/p>\n<p><strong>Known for<\/strong>: strong focus on banking market, real-time settlement<\/p>\n<h2>6. Dogecoin<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dogecoin.com\/\">Dogecoin<\/a> was originally made as a \u2018joke currency\u2019 but have since garnered a real following. Modeled after the dog in the \u2018doge\u2019 memes, the cryptocurrency (released in December 2013 by programmer Billy Markus) is now frequently <strong>used to tip users in forums<\/strong>.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/hottest-cryptocurrencies-to-know\/dogecoin.jpg\" width=\"814\" height=\"534\" alt=\"dogecoin\"><\/figure>\n<p>It is also frequently sent as donations in fundraising efforts \u2013 for example, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.charitywater.org\/dogecoin-foundation#\">Doge4Water<\/a> fundraising campaign raised thousands of dollars. Dogecoin is now valued at about $25 million dollars.<\/p>\n<p><strong>Known for<\/strong>: \u2018joke currency\u2019, used for tipping and donations<\/p>\n<h2>7. Dash<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.dash.org\/\">Dash<\/a> (short for \u2018digital cash\u2019) is a cryptocurrency with a strong focus on both <strong>privacy<\/strong> (using <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/buzz\/darkcoin-to-dash\">anonymization technology<\/a>) and <strong>speed<\/strong> (of transaction). It was rebranded from <em>Darkcoin<\/em> as an attempt to <strong>stop being associated with the \u2018dark web\u2019.<\/strong><\/p>\n<p>Ranked eighth in the list, it has a market cap of $77 million currently rolling out <em>Dash Evolution<\/em>, an attempt to make the cryptocurrency more user-friendly. You can spend Dash at merchants accepting it.<\/p>\n<p><strong>Known for<\/strong>: being anonymous and fast<\/p>\n<h2>8. MaidSafeCoin<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/maidsafecoin\/\">MaidSafeCoin<\/a> (also known as Safecoin) is the cryptocurrency for the <strong>SAFE (Secure Access For Everyone) network<\/strong>, which is a <strong>security-centric data platform<\/strong>. Calling themselves a \u2018crowd-sourced internet\u2019, you can provide space in your computer in exchange for coins.<\/p>\n<p>A number of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinspeaker.com\/lisk-ceo-max-kordek-talks-perspectives-lisk-platform\/\">decentralized apps<\/a> now use the SAFE network to store data securely. The market cap for MaidSafeCoin is about $39 million.<\/p>\n<p><strong>Known for<\/strong>: being a security-centric data platform<\/p>\n<h2>9. Lisk<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/lisk.com\/\">Lisk<\/a> is a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinreport.net\/cryptocurrency-profile-lisk\/\">crowdfunded<\/a> cryptocurrency, and a unique one \u2013 it brands itself as \"the first <strong>modular cryptocurrency utilising sidechains<\/strong>\". Unlike other systems on this list (aside from Ethereum), the Lisk system can be used by anyone to make their own decentralized apps (\u2018dapps\u2019) in the programming language Javascript.<\/p>\n<p>As such, this currency has <strong>practical application value<\/strong> and can be used to create many types of \u2018dapps\u2019, including <strong>social media platform, e-commerce store<\/strong>, and many others. It currently has a market cap of around $25 million.<\/p>\n<p><strong>Known for<\/strong>: useful for programmers to make own \u2018dapps\u2019, the first to utilise sidechains<\/p>\n<h2>10. Storjcoin X<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/storj.io\/\">Storj<\/a> released Storjcoin X in July 2014. At its core, Storj a <strong>decentralized, open-sourced and encrypted cloud data storage<\/strong> which uses Storjcoin tokens to <strong>gain access and usage in the Storj network<\/strong>. The market cap as of mid-September is $8 million.<\/p>\n<p><strong>Known for:<\/strong> decentralized cloud storage<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/hottest-cryptocurrencies-to-know\/storj.jpg\" width=\"988\" height=\"479\" alt=\"storjcoin\"><\/figure>\n<h2>Conclusion<\/h2>\n<p>Outside of this list, there are also newer cryptocurrencies incorporating other types of advantages. There are also other cryptocurrencies that sometimes weave in and out from this list, such as <strong>SiaCoin<\/strong> and <strong>Counterparty<\/strong>. Only time will tell if these coins will remain in the top 10 or will be dethroned by others.<\/p>","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency, or digital currency, is an invention of the Internet. Basically, someone out there thought, &#8220;hey, what if we can create a system where money is not bound by geography, like the internet&#8221; and lo and behold, now we have over 3000 cryptocurrencies going around. Not all cryptocurrencies are created equal. Some feature amazing underlying&hellip;<\/p>\n","protected":false},"author":156,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3398],"tags":[1963,3825],"topic":[4521],"class_list":["entry-content","is-maxi"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Top 10 Cryptocurrencies You Should Know (2021) - Hongkiat<\/title>\n<meta name=\"description\" content=\"Cryptocurrency, or digital currency, is an invention of the Internet. 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