The first and most well-known cryptocurrency is called Bitcoin. It runs on a decentralised network, which means no single entity has control over it. Bitcoin can be kept as an investment or used to make online purchases of products and services.
Developers can create and deploy decentralised apps (dApps) using the decentralised Ethereum platform. In order to complete transactions on the platform, Ethereum uses its own coin called Ether (ETH).
The digital payment technology known as ripple enables quick and safe transactions. Its cryptocurrency, called XRP, is employed to streamline exchanges between various currencies and payment platforms.
While there are some technical differences between Litecoin and Bitcoin, both are cryptocurrencies.
A stablecoin that is linked to the value of the US dollar is called Tether. It is advantageous for trading and investing because its value is intended to remain steady.
The Binance cryptocurrency exchange accepts Binance Coin as payment for trading commissions. Online purchases of products and services can also be made with it.
The cryptocurrency utilised by Chainlink, called LINK, is used to fund network transactions. Chainlink is a decentralised network that links smart contracts to real-world data.
Although it was made as a joke, the cryptocurrency known as Dogecoin has gained popularity among traders. It serves as a mode of payment as well as online tipping.
A decentralised platform called Cardano enables developers to create and implement dApps. On the site, transactions are carried out using ADA, the company's cryptocurrency.
A decentralised platform called Polkadot enables the communication between many blockchains. DOT, its cryptocurrency, is used to fund platform transactions.