Let’s face it: there are a lot of cryptocurrencies out there, with new ones coming out almost daily and old ones disappearing seemingly just as fast as they appeared. It’s easy to get overwhelmed.
If you are new to cryptocurrencies, this is an excellent starting point to learn about each of the top 50 cryptocurrencies (by market cap). Even if you’re a crypto veteran, this is a great resource to reference if you ever get any of the top 50 confused, or if you want to read more about a new coin which has joined the ranks.
Our hope is to point you in the right direction, spur your interest to do more research, and steer you away from the potential scams out there (and yes, there are potential scam coins in the top 50.)
Here at Invest In Blockchain, we are obsessed with researching the internet for all things crypto. The information found in this post is the result of hundreds of hours of painstaking research by me and other writers on our team.
Note that this list is constantly changing and I will do my best to keep it up-to-date, but the top 50 moves almost daily. Please refer to coinmarketcap.com for the latest information on the top 50 cryptocurrencies and their prices.
Let’s get started.
(Information accurate as of January 4, 2018)
#1 – Bitcoin (BTC)
The king of the crypto world, Bitcoin is now a household name; to many, it is synonymous with “cryptocurrency”. Its purpose is to provide a peer-to-peer electronic version of cash to allow payments to be sent online without the need for a third party (such as Mastercard).
The rapid rise in Bitcoin’s price has brought about an explosion of new Bitcoin investors. With the huge increase in interest has come a rise in merchants accepting Bitcoin as a legitimate form of payment. Bitcoin is fast moving towards its goal of becoming a currency accepted worldwide.
Bitcoin’s development is led by Bitcoin Core developer Wladimir J. van der Laan, who took over the role on April 8, 2014. Bitcoin’s changes are decided democratically by the community.
Ripple aims to improve the speed of financial transactions, specifically international banking transactions.
Anyone who has ever sent money internationally knows that today it currently takes anywhere from 3-5 business days for a transaction to clear. It is faster to withdraw money, get on a plane, and fly it to your destination than it is to send it electronically! Not to mention you will be paying exorbitant transaction fees — usually somewhere around 6% but it can vary depending on the financial institution.
Ripple’s goal is to make these transactions fast (it only takes around 4 seconds for a transaction to clear) and cheap.
The Ripple team currently comprises over 150 people, making it one of the biggest in the cryptocurrency world. They are led by CEO Brad Garlinghouse, who has an impressive resume which includes high positions in other organizations such as Yahoo and Hightail.
Check out “What is Ripple” for more information, including a closer look at what they do, controversies and future prospects.
#3 – Ethereum (ETH)
Ethereum is the revolutionary platform which brought the concept of “smart contracts” to the blockchain. First released to the world in July 2015 by then 21-year-old Vitalik Buterin, Ethereum has quickly risen from obscurity to cryptocurrency celebrity status.
Buterin has a full team of developers working behind him to further develop the Ethereum platform. For more background information on Buterin, read our article, “Vitalik Buterin: The Face of Blockchain”.
Ethereum has the ability to process transactions quickly and cheaply over the blockchain similar to Bitcoin, but also has the ability to run smart contracts. For future reading on smart contracts, see “What’s the Difference Between Bitcoin and Ethereum”; but for now, think automated processes which can do just about anything.
Bitcoin Cash was created on August 1, 2017 after a “hard fork” of the Bitcoin blockchain. For years, a debate has been raging in the Bitcoin community on whether to increase the block size in the hope of alleviating some of the network bottleneck which has plagued Bitcoin due to its increased popularity.
Because no agreement could be reached, the original Bitcoin blockchain was forked, leaving the Bitcoin chain untouched and in effect creating a new blockchain which would allow developers to modify some of Bitcoin’s original programmed features.
Generally speaking, the argument for Bitcoin Cash is that by allowing the block size to increase, more transactions can be processed in the same amount of time. Those opposed to Bitcoin Cash argue that increasing the block size will increase the storage and bandwidth requirement, and in effect will price out normal users. This could lead to increased centralization, the exact thing Bitcoin set out to avoid.
Bitcoin Cash does not have one single development team like Bitcoin. There are now multiple independent teams of developers.
Cardano is a smart contract-focused blockchain. It was originally released under the name Input Output Hong Kong by Charles Hoskinson and Jeremy Wood, a few of the early team members of Ethereum, and later rebranded into Cardano.
Cardano is trying to fix some of the largest problems the cryptocurrency world which have been causing ongoing issues for years such as scalability issues and democratized voting.
They have the potential to challenge Ethereum’s dominance in the smart contract world. Cardano is developing their own programing language similar to Ethereum; however, they are focusing more heavily on being interoperable between other cryptocurrencies.
While some cryptocurrencies are all bite but no bark, Cardano is quite the opposite. They are quietly focusing on a strong software which will be completely open-source.
Cardano’s team comprises some of the best minds in the industry, and they seek to create a strong foundation which others can build upon for years to come.
NEM (New Economy Movement) is the world’s first proof-of-importance (POI) enterprise based on blockchain technology. With a focus on business use cases, the software was built from the ground up with adaptability in mind. NEM’s goal is for companies to use their “smart asset system” to implement customizable blockchains. A smart asset can be almost anything: a cryptocurrency token, a business’s stock or a company’s invoicing and records.
Some potential use cases for NEM’s technology include: voting, crowdfunding, stock ownership, keeping secure records, loyalty rewards point programs, mobile payments and escrow services. A list of NEM’s use cases can be found here.
The development of NEM is monitored by the Singapore-based NEM Foundation.
For more information on what NEM does and what sets NEM apart from its competitors, see “What is NEM”.
#7 – Stellar Lumens (XLM)
In a nutshell, Stellar Lumens seeks to use blockchain to make very fast international payments with small fees. The network can handle thousands of transactions a second with only a 3-5 second confirmation time.
As you may know, Bitcoin can sometimes take 10-15 minutes for a transaction to confirm, can only hand a few transactions a second and, in turn, has very high transaction fees.
If this sounds a lot like Ripple, you’re right! Stellar Lumens was based off of the Ripple protocol and is attempting to do similar things. Some of Stellar Lumens’ main uses will be for making small daily payments (micropayments), sending money internationally, and mobile payments.
Stellar Lumens is focusing on the developing world and, more specifically, the multi-billion dollar industry of migrant workers who send money back to their family in impoverished countries.
The Stellar Lumens team is led by Jed McCaleb, who has worked in numerous successful startups in the past such as eDonkey, Overnet, Ripple, and the infamous Mt. Gox.
For more information on Stellar Lumens, including the history and what sets Stellar Lumens apart, see “What are Stellar Lumens”.
#8 – Litecoin (LTC)
Similar to Bitcoin, Litecoin is a peer-to-peer transaction platform designed to be used as a digital currency. Due to some notable technical improvements, Litecoin is able to handle more transactions at lower costs. Litecoin has been designed to process the small transactions we make daily.
Litecoin is sometimes referred to “digital silver” while Bitcoin is known as “digital gold”. This is because traditionally silver was used for small daily transactions while gold was used as a store of wealth and was not used in everyday life.
The Litecoin blockchain is a fork from the Bitcoin chain. It was initially launched in 2011 when its founder, Charlie Lee, was still working for Google. Well-known as a cryptocurrency expert, Charlie Lee is backed by a strong development team who appear to be achieving what they set out to do. They have recently achieved a very notable accomplishment with the first successful atomic swap.
For an in-depth discussion on what Litecoin does, how it is different than Bitcoin and the team backing up the development, see “What is Litecoin”.
#9 – IOTA (MIOTA)
IOTA has seen many of the issues Bitcoin and Ethereum have with the POW (proof-of-work) and POI (proof-of-importance) models and looks to improve them with their revolutionary transaction validation network simply called “tangle”.
When issuing a transaction in IOTA, you validate 2 previous transactions. This means you no longer outsource validation to miners which requires wasteful amounts of computing power and usually a large stake of coins. These required resources are, in effect, centralizing the currencies which many believe were created to be decentralized in the first place.
With IOTA, the more active a ledger is, the more validation there is. In other words, the more people who use it, the faster it gets. You don’t have to subsidize miners, so there are no fees on transactions. That’s right: zero.
The IOTA team has been actively developing blockchain technology since 2011, and created the IOTA foundation and company in 2016. Since its emergence, the team has been continuously growing, attracting exceptional talent from around the world.
For more information on IOTA’s team and their revolutionary“tangle” technology, check out “What is IOTA”
#10 – Dash (DASH)
Dash (which comes from ‘digital cash’) aims to be the most user-friendly and scalable cryptocurrency in the world. It has the ability to send funds instantly confirmed by “double-send-proof” security with the added functionality of erasable transaction history and the ability to send transactions anonymously.
Like Bitcoin, Dash is meant to be used as a digital currency but has some added values such as much faster transaction times and lower fees. For a slightly higher fee, Dash has the added function of “instant send” which allows transactions to be confirmed almost instantly. This is one of the main selling points of Dash because many believe that this feature would allow it to be used in brick and mortar establishments.
The Dash development team consists of over 50 members and is led by former financial services professional Evan Duffield.
As stated in TRON’s whitepaper, “TRON is an attempt to heal the internet”. The TRON founders believe that the internet has deviated from its original intention of allowing people to freely create content and post as they please; instead, the internet has been taken over by huge corporations like Amazon, Google, Alibaba and others.
TRON is attempting to take the internet back from these companies by constructing a free content entertainment system. This will enable users to freely store, publish and own data, giving them the power to decide where and how to share.
The project is led by founder Justin Sun, who has been listed on the Forbes 30 under 30 list twice (in 2015 and 2017). In addition, Sun is a protégé of Jack Ma, founder of Alibaba Group, China’s former Ripple representative and the founder of Peiwo APP.
Sun has assembled a strong team with heavy hitters including Binshen Tang (founder of Clash of King), Wei Dai (founder of ofo, the biggest shared bicycles provider in China), and Chaoyong Wang (founder of ChinaEquity Group). Sun has also secured the support of a few notable angel investors such as Xue Manzi.
For up-to-date information on Tron and further discussion of the technology and team, see “What is Tron” and their website.
#12 – EOS (EOS)
Billed as a potential “Ethereum Killer”, EOS proposes improvements that can challenge Ethereum as the dominant smart contract platform. One main issue EOS looks to improve is the scalability problems which has plagued the Ethereum network during times of high transaction volume, specifically during popular ICOs.
A perhaps more profound difference EOS has, compared to Ethereum, is the way in which you use the EOS network. With Ethereum, every time you make modifications or interact with the network, you need to pay a fee. With EOS, the creator of the DAPP (decentralized app) can foot the bill, while the user pays nothing. And if you think about it, this makes sense. Would you want to have to pay every time you post something on social media? No, of course not!
In addition to this, EOS has a few other technical advantages over Ethereum such as delegated proof of stake and other protocol changes. Just know that EOS has some serious power under the hood to back up the claim of “Ethereum Killer”.
EOS was created by Dan Larrimer who is no stranger to blockchain or start ups. He has been the driving force behind multiple successful projects in the past such as BitShares, Graphene and Steem.
For more information on EOS such as how and where to buy EOS tokens, EOS’s vision and potential challenges, see “What is EOS”.
#13 – Monero (XMR)
Monero is a digital currency designed to be used as a completely anonymous payment system.
A common misconception with Bitcoin is that it is completely anonymous. In reality, all payments processed on the Bitcoin network are recorded on a public ledger (blockchain), so Bitcoin is actually only partially anonymous or “pseudonymous”.
This means that you can, in theory, trace back every transaction a coin has been involved with from its creation. Though users aren’t able to inherently link the public key on the blockchain with the private keys used to store the coins themselves, there will always exist a correlation between the two.
Monero has solved this problem by implementing cryptonic hashing of receiving addresses, therefore separating the coin from the address it is going to. This can be hugely valuable for anyone wishing to conceal their purchases.
The Monero development team consists of 7 core developers, only two of which are publicly known. There have been over 200 additional contributors to the project and software updates are implemented every six months or so.
To learn more about Monero including its competitors and challenges, read “What is Monero”.
#14 – NEO (NEO)
A leading platform for smart contracts and sometimes referred to as “China’s Ethereum”. NEO (formally Antshares) hopes to digitize many types of assets which were formerly kept in more traditional means, and therefore make it possible to use them in smart contracts.
To imagine a potential use case of NEO, think digitizing the title to a house into a smart asset, and then setting up that asset to automatically transfer to another person after payment for the house has been received. This would be, in effect, a simple smart contract.
NEO founder Da Hongfei is a leading figure in the cryptocurrency world and has worked on numerous blockchain projects in the past. The development team consists of 6 in-house investors and a large community of third-party developers.
#15 – Bitcoin Gold (BTG)
Bitcoin Gold came about as a fork from the Bitcoin blockchain, and was originally announced late July 2017.
Bitcoin Gold was designed to change Bitcoin’s consensus mechanism, thereby allowing users to employ graphic processing units (GPU) and lowering the barrier to entry for new miners. The fork was also a switchover from bitcoin’s SHA256 to the same Equihash algorithm used by Zcash.
QTUM (pronounced Quantum) is an open-source value transfer platform which focuses on mobile decentralized apps or Dapps. QTUM is the world’s first proof-of-stake smart contracts platform.
QTUM is meant to be used as both a value transfer protocol, like Bitcoin, and a smart contract platform, like Ethereum. They have a number of technical innovations which some consider to make it superior to Ethereum, and they are focusing on mobile applications.
The platform itself is very new. It came about in March 2017, after a highly successful crowdfunding campaign raised them nearly 16 million dollars in only 5 days. QTUM has a small but strong development team and an impressive list of investors backing their ideas. QTUM’s development is lead by the Singapore based QTUM Foundation.
For further reading on the background of QTUM and what sets them apart, see “What is QTUM”.
#17 – RaiBlocks (XRB)
RaiBlocks is a coin focused on tackling the problem of scalability. As described in their whitepaper, RaiBlock has near-instant transactions with very low fees. They operate with the motto of “do one thing and do it well”.
Their goal is to give users a level of performance and scalability that is unmatched by any other platform. RaiBlocks achieves this with a unique programming structure where each account has its own unique blockchain. This allows each chain to update asynchronously to the network which results in fast transactions and minimal overhead.
Ethereum Classic came about after a hard fork of Ethereum in 2016. The fork was a result of the infamous DOA hack where around 50 million dollars worth of Ethereum was stolen due to what was considered an oversight in the code.
The blockchain was forked in order to recoup the losses from this attack, but a small portion of the community did not wish to go back and change the original blockchain. Vitalik Buterin, founder of Ethereum, and subsequently the development team chose to go with the hard fork and work on what is now “Ethereum” today.
There is a lot of ongoing controversy with Ethereum Classic which can be better described on this reddit thread. In addition, an in-depth description of the DOA event and reasons behind the split can be found here.
#19 – BitConnect (BCC)
BitConnect uses a trading bot to automatically trade in and out of Bitcoin. They promise high returns on your initial investment based off these trades. BitConnect also has a referral program where you get bonuses based on how many people you sign up.
For this reason, many people have suggested that BitConnect could be a pyramid scheme, as discussed in videos like this.
#20 – ICON (ICX)
Fresh off a successful ICO, the Korea-based startup ICON is looking to provide a medium to connect all the different blockchains together. This puts ICON in the same field as Ark, which is attempting to accomplish similar goals.
The main concept of ICON is their idea of a “loopchain”. As stated in their whitepaper, a loopchain can be described as a “high-performance blockchain that can provide real-time transaction, which is based on enhanced Smart Contract.” Through ICON, participants will be able to connect to any blockchain without relying on the current centralized exchanges.
ICON has a relatively large team from various backgrounds. They have also secured the help of a few notable advisors such as Jason Best and Don Tapscott.
Lisk is a decentralized network, like Bitcoin and Litecoin, which enables developers to deploy their own side chains off the main Lisk blockchain. These side chains are fully customizable blockchains which enable you to change the parameters you want to fit your own blockchain application.
This is similar to Ethereum and QTUM in some ways. With Lisk, the main difference is that the customizable blockchains split into their own separate side chains. This saves developers the grueling legwork of designing something from scratch. At the end of the day, side chains are only decentralized databases of blockchain applications.
Lisk is being developed by a small but quickly growing Berlin-based team. They are led by co-founders Max Kordek and Olivier Beddows who are veterans in the cryptocurrency and development world.
For a thorough look into Lisk including more on what Lisk does, its competitors, challenges and teams, see “What is Lisk”. You can also check out our case study of an accountant who invested all his life savings in Lisk: “Accountant Invests All in Lisk”.
#22 – Status (SNT)
As described in the their whitepaper, Status is “an open source messaging platform and mobile interface to interact with decentralized applications that run on the Ethereum Network.”
Just like how browsers provide the gateway to websites, Status provides a gateway to decentralized apps and services. Status wants to build a digital hub where you can use various services based on the Ethereum network such as Aragon and Gnosis.
Status launched in June 2017 after a very successful ICO where they raised over $100 million. Shortly after their ICO, Status announced the appointment of former Google product manager Nabil Naghdy as their Chief Operating Officer and released the Status Hardware wallet.
BitShares was founded in 2014 by Dan Larimer, a cryptocurrency visionary and early adopter. He first started working with Bitcoin in 2009. But after some centralized exchanges started to shut down for no apparent reason, Larimer realized that a decentralized exchange is necessary. From this idea, BitShares was born.
As Larimer explained in this blog post, BitShares is, amongst other things, a software, network, ledger, community and most notably a decentralized peer-to-peer exchange. BitShares aims to remove the need to trust a centralized authority to oversee transactions and handle funds.
Dan Larimer has an extremely impressive resume, and has been the lead developer on both EOS and Steem, in addition to Bitshares.
More information on Bitshares and how to use their exchange can be found on their website.
#24 – Verge (XVG)
Verge is a secure and decentralized P2P electronic payment system which is designed for sending transactions privately. Verge has a public ledger similar to Bitcoin, but unlike Bitcoin you won’t be able to see the public addresses of the transactions that are conducted. This privacy is achieved using the Tor (The Onion Router) and I2P (Invisible Internet Project) technologies to hide the IP addresses of users.
Verge was originally known as DogeCoinDark, and then rebranded to Verge in 2016. The creators of Verge wanted this coin to be thought of as a legitimate form of currency, not just a way to pay for illicit items.
Verge’s development is community-driven. Much of the development is done on a voluntary basis by various developers. More information on the team can be found here.
“Unbank the Banked” is the slogan of Omise’s online platform OmiseGo and that’s exactly what Omise has set out to do. Founded in 2013 off of the Ethereum blockchain, Omise aims to revolutionize the financial dynamics in Southeast Asia.
Omise is targeting individuals and businesses of all sizes by improving the current financial system which is slow, outdated, and inaccessible to most “everyday” people in these countries.
With their planned online exchange OmiseGO, Omise seeks to speed up the way money is spent and sent, both domestically and internationally in Southeast Asia and beyond.
They have a lot to celebrate too. OmiseGo has been building partnerships in the region and recently partnered with McDonald’s and Credit Saison.
Omise has established a strong team of over 130 staff members located in different countries. CEO and founder of Omise, Jun Hasegawa, has been involved in multiple startups and worked for Google for over 16 years.
The OmiseGO platform has been endorsed by some of the heavy hitters in the cryptocurrency world such as Vitalik Buterin and Gavin Wood, the co-founders of Ethereum.
Ardor is the latest blockchain-as-a-service product released by Jelurida. Ardor was announced as the next generation of the previous released NXT software. It is an open-source, evolved version that deals with some of the problems of blockchain as a whole such as blockchain bloat, scalability, and versatility issues. A comparison between the two platforms can be found here.
Ardor is a Proof-of-Stake platform which deploys what they call “child chains” off the “main chain”. Child chains are independently-created and owned chains which offer the option to use the Ardor token, or any other token of the chain owner’s choosing. This will allow them to act as separate entities while at the same time being synced into the global Ardor main chain.
Steem is the first blockchain to set out to disrupt the world of social media. Most social media platforms today do not reward users for providing high quality content to their audience (one notable exception is YouTube, where content creators can earn a small percentage of the advertising revenue).
Steem has turned this idea around by offering a platform where users are incentivised to create high quality content. Actions such as liking, sharing and upvoting will earn micro-rewards as well. This article describes the platform’s payment and tipping structure.
In addition, Steem is completely decentralized; this means there is no governing body that censors or stores user information to later sell to companies. This gives Steem some clear advantages over social media giants such as Facebook.
Steem was founded by Ned Scott and Dan Larimer. Dan Larimer has worked on a few other very successful blockchain projects such as Bitshares and EOS.
For a detailed analysis of Steem, including more information on the team and their competition, see “What is Steem”.
#28 – Populous (PPT)
At a glance, Populous is a global invoice trading platform built on blockchain decentralized ledger technology. Populous connects business owners and with invoice buyers by using the security, transparency and speed of blockchain technology.
Populous is built off the Ethereum protocol, and it gives the average investor the ability to participate in an alternative finance marketplace which in the past was only accessible to financial institutions, wealthy individuals and governments.
This platform allows investors from any part of the world to invest in an invoice sold by an invoice seller from anywhere in the world. An example use case would be if an investor in the US bought the invoice of a Chinese manufacturing company while the Chinese company uses that loan to finance their operations in the short term to put a product to market.
Invoices will be awarded via an auction. Investors will be paid via interest once the invoice has filled.
The team is UK-based and is led by CEO Stephan Williams and CTO Zvezdormir Zlatinov. The project is still in its infancy stage and there isn’t a lot of information on the development.
For more information on Populous including its history, team and where to buy the coins, see “What is Populous?”.
#29 – Zcash (ZEC)
ZCash is a value transfer protocol forked off of the Bitcoin blockchain. ZCash can be used like Bitcoin, with a few added improvements. With “zero cash technology”, ZCash shields both the amount transferred and the senders, making transactions truly anonymous.
ZCash is one of the new kids on the block in the world of “private transactions”.
An interesting note is that Ethereum is in the process of implementing some of ZCash’s technologies to enable transactions on the Ethereum network to be anonymous as well.
ZCash is being developed by the Zerocoin Electric Coin Company. They’ve had some great successes, most notably JP Morgan’s announcement that they would implement Zcash’s privacy technology to Quarum, a technology JP built on Ethereum.
ZCash was recently featured on the Radiolab episode The Ceremony.
#30 – Stratis (STRAT)
Stratis is an enterprise-grade development platform which functions like Ethereum. What that means is that Stratis was designed with businesses in mind. Stratis is based on the C# and the .Net programing languages which means the program will be much more accessible to developers in the future because there will be no need to learn an additional programing language.
The Stratis slogan is “We make blockchain easy for you”. This really summarizes what Stratis is trying to do, which is make blockchain technology usable for “average” companies.
Similar to Lisk, Stratis is in the business of creating side chains, which in a sense gives the developer the ability to make highly customized blockchains without altering the main public chain.
Stratis is led by CEO Chris Trew who has worked in the blockchain world since 2013 and has various experiences in the financial, legal, aviation and software development sectors.
Tether is a cryptocurrency token issued on the Bitcoin blockchain. Each Tether coin is allegedly backed by one US Dollar. The goal is to facilitate transactions with a rate fixed to the USD.
Amongst other things, Tether looks to fix some of the legal issues which can arise when trading cryptocurrencies and it aims to protect people from market volatility.
Tether has faced controversy regarding their business model, and some consider it a scam. More info can be seen on reddit posts such as this.
#32 – Waves (WAVES)
“Your blockchain token in one minute” was Waves’ original slogan. Though it has been changed due to the increase in services offered, what they said then is still relevant today. Waves is the first blockchain platform which has made it very easy for someone without coding experience to make their own blockchain token!
There are many other platforms out there which enable you to create your own token, most notably Ethereum. But unlike Ethereum, there is no need to learn a new coding language to create a token on Waves.
In addition to token creation, Waves launched its own decentralized exchange which allows you to exchange newly-created tokens with existing tokens and fiat currencies.
The founder and CEO of Waves is Sasha Ivanov, who is no stranger to the crypto world. He was the founder of the exchange coinomat.com.
For more information on Waves, including a list of their competitors and legal issues, see “What is Waves”.
Dogecoin is a peer-to-peer electronic payment system based on the popular 2013 meme of the Shiba Inu dog. It was a fork of Luckycoin, which was itself a fork of Litecoin. The coin uses a PoW script mining algorithm similar to Bitcoin; however, while Bitcoin has a limited number of coins, there is no limit to the number of Dogecoins which can be created. The current rate of Dogecoin creation is over 5,000,000,000 coins a year.
Dogecoin is one of the oldest altcoins in existence, and for that reason they have a relatively large community. The reddit page has about 90,000 shibes (the group name for their community members).
Dogecoin is an excellent coin to use for micro transactions and is commonly used for tipping on articles. The coin is a sort of self-proclaimed “joke coin” which has gained a lot of popularity. This video is a good indicator of the lighthearted nature of the community as a whole.
For more information on Dogecoin, including a look at the history of the coin, the team and how to purchase see: “What is Dogecoin“.
#35 – Siacoin (SC)
Siacoin aims to disrupt the world of cloud storage. What sets Saicoin apart is that it is a decentralized, encrypted, peer-to-peer cloud storage platform. Siacoin has been able to dramatically reduce the overhead of cloud storage by allowing users to (in a sense) “rent out” their unused hard drive.
Siacoin was created by Luke Champine and David Vorick of Nebulous Inc. The Saicoin team chose not to hold an ICO. Instead, Siacoin came to life when its genesis block was mined. Even without an ICO, the Sia team managed to raise over $1.25 million in funding through investors such as Fenbushi Capital,Raptor Group,Procyon Ventures, along with angel investors like Xiaolai Li.
Siacoin has a few major competitors such as MaidSAFE and Storj. An analysis of the three coins can be found here.
Hshare is a pre-launched value token with a 1-to-1 trade in value for HCash. The HCash blockchain has yet to be launched publicly. HCash’s main purpose is to facilitate the easy transfer of currency on different blockchains.
Today, this must be done using an exchange such as Bittrex which has downsides such as transactions fees, the time and hassle to transfer coins from different wallets and the fact that most exchanges are centralized.
Currently, Hshare doesn’t have much to show; just an idea and a whitepaper. Many are skeptical of this coin; some even go so far as to call it a scam or ripoff coin as seen in this reddit thread.
#37 – Komodo (KMD)
Komodo is an anonymity-focused cryptocurrency forked off the Zcash platform. It uses the same zk-SNARKtechnology as Zcash to hide the information about the sender, receiver and the amount sent.
In addition, Komodo uses the delayed Proof-of-Work (dPOW) protocol which offers better security while making allowances for other third party blockchains looking for additional security layers.
Komodo is a SuperNET team project and given the nature of the project, all team members use aliases. The lead developer himself goes by “jl777”, with his identity unknown to the general public.
Komodo had a very successful ICO, which notably was the world’s first decentralized initial coin offering. They look to support for dICOs in the future.
As described in VeChain’s development plan, the organization’s purpose is to build “a trustfree and distributed business ecosystem based on the Blockchain technology self-circulated and expanding”.
They plan to do this by creating an efficient trustless business ecosystem to significantly reduce the wasteful information transfer systems of today.
Some of the areas and industries the VeChain platform is focusing on include eliminating counterfeiting in the fashion and luxury industry, food safety tracking systems, digitizing maintenance in the car industry and many other global supply chain processes.
Binance Coin is the coin used to facilitate operations on the Binance platform, a cryptocurrency exchange that is capable of processing 1.4 million orders per second. The name “Binance” is derived from the combination of the terms “binary” and “finance”, referring to the integration of digital technology and finance.
The BNB coin is used to pay exchange fees, withdrawal fees, listing fees, and all other possible transaction expenses on the Binance platform. In order to incentivize new users to do their cryptocurrency trading on Binance, the team is offering discounts when BNB is used to pay fees. The discount will be 50% in the first year, 25% in the second, 12.5% in the third, and 6.25% in the fourth year before the discount ends.
Binance was primarily marketed to Chinese cryptocurrency investors at first, but they also have English, Korean, Japanese, French, Spanish, and Russian versions of the platform.
For a deeper look into Binance, you can read the whitepaper or check out the trading platform here.
#40 – Golem (GNT)
Golem’s plan is to create a global, open-source, decentralized supercomputer that can be used by anybody who has internet access. Golem doesn’t actually supply the computational power itself. Instead, they allow people who have unused computational power to “lend” it out to users who need it, for a fee.
In that sense, you can think of Golem as the AirBnb of computing. Just about any situation where heavy computation is necessary – medical research, AI development, computer graphics, cryptography, etc. These are good potential use cases for Golem. All computation is done on virtual machines, so hosts don’t have to sacrifice security to offer their computing power.
As described in their whitepaper, Augurhas set out to create the first decentralized, open-source platform for prediction markets. Based on the ideas of game theory and wisdom of the crowd, prediction markets achieve greater forecasting accuracy than any individual experts can. However, the problem with previously existing prediction markets is that they were all centralized.
By providing a decentralized solution, Augur allows people from anywhere in the world to ask a question about the outcome of a future event, as well as buy and sell shares on the outcome of any market they wish to participate in. Moreover, it allows thousands of users to report on outcomes, thus removing the need to trust in an individual reporter.
For more analysis on Augur, including challenges and what the future holds, see “What is Augur”.
#42 – Veritaseum – (VERI)
The business model of Veritaseum can be described as creating an entryway into global peer-to-peer capital markets that is cheaper than other options offered today. In other words, they plan to compete directly with hedge funds while operating at a fraction of the cost.
According to the their whitepaper, Veritaseum offers access to assets and value trading without counterparty risks, credit risks, or balance sheet exposure. This is done using a software suite of roughly one dozen smart contracts called VeADIR. Customers can gain access to VeADIR using Veritas tokens, which are available on EtherDelta and a few other lesser-known exchanges.
Looking at their website and whitepaper, there is little information to be found about what the company does in terms of product creation. Most of the information listed is about how to buy the coins. The lack of clear and detailed information on the project has led many people to call this coin a scam, as seen in videos such as this and numerous reddit posts.
#43 – DigiByte (DGB)
DigiByte is an open-source blockchain which first came into existence in January 2014, making it one of the oldest blockchains in existence. It was founded by developer Jared Tate, who today still leads the project.
DigiByte focuses on cybersecurity for digital payments and smart applications. It is highly decentralized with over 100,000+ servers, computers, phones, and nodes worldwide. DigiByte utilizes five secure and advanced cryptographic mining algorithms to prevent mining centralization which is common in single algorithm blockchains such as Bitcoin.
In addition, DigiByte has some other technical improvements over Bitcoin such as increased scalability and the implementation of technologies such as Digishield, MultiAlgo, MultiShield and SegWit.
Ark is a cryptocurrency whose goal is to bridge the gap between all of the world’s different cryptocurrencies.
Currently most cryptocurrencies run on different technologies, and are not designed to be compatible with each other. This creates potential problems which will need to be solved in the future. Think for instance, only being able to open Google from a PC which runs on Windows software but not on a Mac which runs on iOS.
To solve this problem, Ark created their SmartBridge technology which is a bit of code added into the blockchain so that Ark can communicate with it directly. The possibilities of this are nearly endless because it utilizes the powers and capabilities of all of the different blockchain technologies.
The Ark team is led by Francois-Xavier Thoorens, co-founder and Chief Technology Officer of Ark. At the time of writing, Ark has 15 core team members from 11 different countries.
For a more detailed look into Ark including where and how to purchase Ark coins, challenges and criticisms and analysis about Ark’s features, see “What is Ark”.
#45 – Decred (DCR)
Decred, which stands for decentralized credit, is a digital currency that uses a community-based governance model to determine the future of its blockchain protocol.
Decred was created and designed with the core mission of solving the problem of blockchain governance. Bitcoin in particular has experienced a lot of problems with the community not being able to agree upon protocol changes. Issues such as the block size debate has split the community, with a resolution yet to be found.
Decred employs a unique hybrid of PoW and PoS mining to decentralize the decision-making process. You can read more about this hybrid system in the Decred whitepaper.
The Decred team is made up of developers who volunteer their time and choose to remain pseudo-anonymous. The best way to interact with the community and find out more is through Decred’s reddit, Discord and Telegramchannels.
For further reading on Decred, including a discussion on some of the challenges and where to buy and store the coins, see “What is Decred”.
#46 – Power Ledger (POWR)
PV solar arrays (solar panels) and electric cars are becoming much more common with each passing year. Power Ledger looks to capitalize on this fast growing market by enabling customers and businesses to sell their power without the need for a middleman.
Blockchain is an ideal technology to enable this trading platform because autonomous and trustless systems are easy to implement and are fast as well as efficient.
Power Ledger was at the 2017 Blockchain Summit where they got a lot of attention and they look to make many more strategic partnerships in 2018.
Founded by Disney, Dragonchain is an enterprise-focused blockchain technology providing the solution for businesses looking to use blockchain platforms such as Ethereum but have a high need for anonymity. Companies such as Disney are worried about putting proprietary information on the public blockchain because with the way Ethereum is currently structured, the information will be available to everyone.
Dragonchain can be described as a “turn-key” project; it was designed to make it easy for other organizations to build their own business applications on the Dragonchain platform. In addition, Dragonchain has an incubator which allows other organizations to launch blockchains and scale them with ICOs.
Though Disney dropped the project in 2016, lead developer Joe Roets has since left Disney and continued the project where Disney left off. They recently held an ICO in October 2017 where they raised nearly $43.5 million dollars worth of Ethereum and Bitcoin.
They have yet to formally release their whitepaper but for more information on Dragonchain, see their website andreddit page.
#48 – KuCoin Shares (KCS)
KuCoin Shares is a coin issued by the cryptocurrency exchange platform, Kucoin. Similar to Binance Coins, users of Kucoin will be able to pay for the platform’s exchange fees at a discounted rate.
In addition to discounted transaction fees, holders of KCS will be awarded a Kucoin bonus. As detailed in Kucoin’s whitepaper, the amount of Kucoin bonus paid out to coin holders will be equal to half of the total fees charged by the Kucoin exchange.
For more details, see the aforementioned whitepaper and reddit page. Potential share rewards can be calculated here.
#49 – SALT (SALT)
Salt is a membership-based lending and borrowing network which allows you to use your blockchain assets (Bitcoin, Ethereum, etc..)as collateral to acquire fiat currency cash loans. This allows you to leverage the value of your digital assets, offset tax events, avoid exchange fees and maintain your cryptocurrency holdings.
Let’s say, for instance, that you own some Bitcoin and you need some cash for the down payment for a house or to start a business. Salt allows you to put up your Bitcoin as collateral in order to secure a loan which you can use as you please. For more information on the lending structure, see the Salt whitepaper.
Salt was originally founded in Denver, USA in 2016. They had a successful ICO in August 2017, raising over US$55 million dollars. Based on the amount raised, it was one of the most successful ICOs of all time.
The team is led by CEO Shawn Owen, a self-proclaimed serial entrepreneur and early Bitcoin advocate. Assisting Shawn is Josef Schaible, who has over 22 years of fintech and entrepreneurial experience. Schaible is the co-founder of NexTrad, Matchbookfx, Anderen Financial and AtlasBanc Panama.
For more information on the Salt team, how the platform will work and some of their challenges, see “What is Salt”.
#50 – BAT (BAT)
BAT (Basic Attention Token) is an open-source token based on the Ethereum blockchain which rewards publishers and advertisers for providing high quality content to users. It promises to bring a quantifiable benefit to all three major players of digital advertising: publishers, advertisers, and users.
BAT functions in partnership with Brave Browser, a browser that focuses on low-bandwidth usage, fast browsing speeds, and privacy.
BAT has set out to revolutionize the online advertising world with the implementation of the Brave Browser, which gives users the ability to turn on and off advertising. Users who turn off advertising will have full functionally of the Brave Browser while users who have opted-in to advertising will receive more light-weight, less intrusive browsing and ads that more focused on the interests of the user.
Users will also receive a share of BAT tokens for the time they spend viewing advertising. In addition users will have the option to pay for products with BAT tokens themselves.
These are coins which were either previously in the top 50 and have slipped out, or coins that frankly we just like.
#51 – NXT (NXT)
Jelurida’s first blockchain-as-a-service product was originally launched in 2013. NXT is an open-source application platform which offers products such as asset exchanges and monetary systems for those wishing to launch their own digital currencies; data cloud storage software, voting systems, account control for decentralized autonomous organizations (DOAs); and a blockchain creation kit for developers to launch their own blockchain platforms on the Nxt ecosystem.
Jelurida, the organization in charge of NXT’s development, has recently launched Ardor, which they describe on their website as the “next generation of the NXT software”. According to the official reddit page, Jelurida still plans on continuing the development of NXT after Ardor’s launch, but what that actually will look like remains to be seen.
According their whitepaper, PIVX is “a privacy focused decentralized open source cryptocurrency launched in Feb 1 2016 under the name of Darknet (DNET) before it was professionally re-branded to PIVX.”
PIVX is based on Bitcoin Core; however, it runs on the PoS model. PIVX’s goal is to allow for very quick private transactions, with a governance model which benefits all users of the platform instead of only a small percentage of early adopters.
To keep the rewards ratios the same between masternodes and staking, the PIVX team has developed a variable Seesaw Rewards Balance System which dramatically adjusts the block reward size as time goes on.
PIVX’s development is community-driven and led by trusted members of the community.
Monacoin is one of Japan’s favorite altcoins. It is commonly used by gamers as a form of payment and can also be used to buy physical goods on various websites. Alongside Bitcoin, Monacoin has started to become accepted in Japan in stores like Ark Electronics.
Monacoin has a tipping system which is commonly used for rewarding gamers, artists and community members for their contributions. This video shows some of the different uses for Monacoin.
Maidsafe sets out to implement what they call the “SAFE Network” (SN) – a next-generation decentralized and secure network. As described in their whitepaper, it is the world’s first and only autonomous data network and it uses a completely new technology known as “Proof of Resource”.
The Maidsafe Network will be a self-managing, self-correcting network. The network is a new, secure and decentralized data management service that relies on the unused resources of individual users.
The system will consist of individual nodes (computers) run by normal people who share resources to construct a system that is completely self-contained. Each participant of this system contributes some form of computer resource: data, storage space, processing power, and/or Internet connectivity, thus forming a large decentralized network.
As network volume grows, the architecture is designed to evolve independently to handle its growing responsibilities. Data is continuously encrypted and the entire system never stops self-optimizing.
For more information on MaidSafeCoin, including information on their team and development, see “What is Maidsafe?”.
#66 – TenX (PAY)
TenX is a payment platform which focuses on providing users with ways to easily pay for everyday transactions using cryptocurrencies. TenX currently offers a debit card option where users can put any of TenX’s supported currencies such as Bitcoin and Dash onto the card for later use.
That said, TenX’s main focus will be on mobile-based payment systems as they see this as the obvious future of payments. The mobile application will allow users to exchange fiat currencies for crypto in real time. This is a potential game changer in the crypto world and may just be the “killer app” which is needed for cryptocurrencies to become more commonly accepted.
TenX is focusing their efforts on some of the unbanked markets in Southeast Asia, China and India where, according to their whitepaper, around 50% are currently “unbanked”.
TenX’s ICO was in June 2017. They successfully raised 245,832 Ethereum tokens, valued around $80 million at the time. They have assembled a strong team and have some notable backers such as Vitalik Buterin, Bo Shen (Managing Partner at Fenbushi Capital) and David Lee (angel investor and FinTech Professor at Singapore Management University).