Bitcoin is the most popular and well-known cryptocurrency and still dominates the market. Bitcoin is a decentralized digital currency that can be sent between users on a peer to peer network, without the need for banks or middlemen.
Ethereum is second in popularity after Bitcoin. On the Ethereum blockchain platform, developers can create smart contracts and decentralized apps. Ethereum's main purpose is to power decentralized apps, and issue new digital assets. This is in contrast to Bitcoin which is mostly used to store wealth.
Ripple, a digital payment system called ripple, was developed to allow international money transfers to be made quickly and inexpensively. Ripple is a digital payment system that aims to replace the old Swift banking system.
A former Google employee named Charlie Lee invented the decentralized digital currency known as Litecoin in 2011. Litecoin, which is intended to be a quicker and less expensive alternative to Bitcoin, is frequently described as the silver to Bitcoin’s gold.
Dogecoin, a cryptocurrency also known as Bitcoin, was originally created as a joke in 2013. However, it has grown in popularity significantly. Dogecoin's popularity can be attributed to its community-driven structure, as well as the support of prominent figures such Elon Musk.
Cardano, a blockchain platform, aims to provide decentralized apps and smart contract a more stable foundation. Cardano is often referred to as "Ethereum killer" because it promises to be a more efficient and scalable platform than the Ethereum platform.
Binance Coin is the native token of Binance, one of the most prominent and well-known cryptocurrency exchanges worldwide. Binance Coin can be used on the Binance exchange to pay transaction fees and also to purchase other cryptocurrencies.