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5 Most Powerful Cryptocurrencies

Cryptocurrencies are typically ranked by their market capitalization, and with good reason: the value of a cryptocurrency is a direct reflection of investor appetite.<br>But behind the numbers, there are more complex stories about each cryptocurrency. Each has its own technological properties, appeal to buyers, and unique backstories.<br>Here are ten of the largest and most well-known cryptocurrencies -- and the key facts you need to know about them. <br>

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5 Most Powerful Cryptocurrencies

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  1. 2. Ethereum 5. Cardano (ADA) 1. Bitcoin 3. Stellar 4. Binance Coin (BNB) 5 Most Powerful Cryptocurrencies • The CardanoFoundation, a Switzerland based not-for-profit group, supervises the development of the project. The group has carried out extensive research and experimentation,writing over 90 papers on blockchain technology. Much of this academic work underlies Cardano’s technology. • Stellar is an open sourceblockchainwhosenative currency is Lumen. The network was founded in 2014 by Jed McCaleb, a cryptocurrency evangelist who previously co-founded Ripple Labs and the infamous Mt. Gox Exchange. Stellar’s goal is to enable inexpensive transactions in underdeveloped markets. The blockchain eschewed a standard mining network for transaction validations, relying instead on what’s known as a “federated byzantine agreement” algorithm Bitcoin is the original blockchain-based cryptocurrency. Created in 2009 by the pseudonymous Satoshi Nakomoto, bitcoin has since attracted millions of investors, becoming the largest cryptocurrency by market cap. Bitcoin is inherently scarce: only 21 million Bitcoin will ever be minted. The crypto’s proof-of-work blockchain has become a template forother cryptocurrencies in building decentralized consensus mechanisms. • Ethereum was created in 2014 by Vitalik Buterin,aRussian-Canadianprogrammer, andGavinWood,an English computer scientist who later contributed to other cryptocurrency projects. The Ether currency is built on top of the Ethereumblockchain, which operates smart contracts. • Binance coin is the brainchild of ChangpengZhao, CEO and Founder of Binance, a leading global exchange for buying andselling cryptocurrency. TheBNB token was created with the aim of facilitating transactions on the Binance network, allowing users to pay their trading fees and access other products and services, such as Binance’s decentralized exchange. • Usersof BNB enjoy lower trading fees on Binance than those paying in other cryptocurrencies. Since its creation, BNB’s popularity has grown beyond its utility on the Binance exchange, attracting speculators and day traders. BNB uses a proof-of-stake consensus model.

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