The first 25 crypto money by capitalization.
By now almost everyone has heard of Bitcoin. Less people, however, know that BTC is not the only cryptocurrency existing, although it has the merit of being the oldest, the most famous and the one with the largest market capitalization. That is to say the one that represents the greatest equivalent value: if all the BTCs were exchanged in euros, in fact, they would be worth over 60 billion euros.
Using this measure we have created the following classification. For each coin we have created an essential description, which has no pretense of completeness. So, if you wanted to know more about the world of cryptograms, then, we offer these pages as a starting point.
Note: we have compiled the list considering the values reported by Coin Market Cap, in the morning (Italian time) on 18 September 2017. Given the great volatility of crypto money, the values shown may not coincide with the actual values at the time of publication.
€ 52 billion
Created by an anonymous developer in 2008, Bitcoin (BTC) is the most famous crypto money in the world as well as being the oldest. Indeed for many it is synonymous with cryptocurrencies. The declared goal was to create a currency system that could work without banks or states, relying directly on people exchanges.
BTC was therefore the currency that has also made known to the world the technology blockchain, which subsequently was the basis of many other cryptomonete but also of other projects focused on stability and security. One of the basic elements of the blockchain is that the members themselves verify the transactions, preventing problems such as that of the double expense.
€ 22 billion
Ethereum (ETH) one could define the most important second-generation cryptomoneta, or at least the one with the greatest capitalization. In this case, the great promise is a programmable “complete turing” blockchain that allows developers to create decentralized applications, called dapps.
Thanks to Ethereum, many have been enriched, both private and business, and a mechanism has been triggered that has made it work a lot – turning it into another investment product. At the moment the developers are engaged in overcoming the so-called “scalability problem”, that is to say creating a system that can support hundreds and thousands of transactions per second – today we are talking about only a few units – keeping the other qualities intact. The goal is to move to a Proof of Stake (PoS) method, which is more efficient than the current Proof of Work (PoW). If and when they do, for ETH it is reasonable to expect a significant rise.
€ 6.3 billion
The story of Bitcoin Cash (BCH) is rather curious. This coin has only existed for a few weeks and is a sort of “spontaneous genesis” born from Bitcoin itself. In a nutshell, it is a split of the BTC born from the need for a more streamlined and suitable system for real trade. The nice thing is that anyone who owned Bitcoins was found overnight with the same value in BCH. If today I have 10 BTCs, tomorrow I also have 10 BCHs. Not bad!
€ 5.9 billion
Ripple (XRP) is the most significant of the cryptomoneta projects with a real purpose. In practice, this currency is proposed as an alternative to the banking system SWIFT. Several banks in the world are already doing experiments and the results are interesting. The idea is that if two banks in two different countries have to pass, they can do it with Ripple, enjoying lower costs and time, but more security
€ 2.2 billion
Litecoin (LTC) was among the first crypto to find success after BTC, and is very similar to the latter. As the name suggests, the difference lies in the fact that it is a “light” currency. This means, above all, a shorter time between one block and another (2.5 minutes versus 10 minutes). But also a different cryptographic algorithm, Scrypt, which tends to favor systems with large amounts of RAM. Confirmation of transactions with LTC takes place much faster than LTC
2 billion euros
Dash (DASH) is a crypto whose design aims directly at the real use and the replacement of traditional money. The official site therefore puts in view the options to spend DASH in exchange for services, from wine to rent. The success of DASH will also depend largely on the number of partners. Another important detail is the fact that Dash uses a PoW / PoS hybrid system, which together with other measures makes instant transitions.
NEM (XEM) is a crypto designed for performance, worth at the speed and scalability of the blockchain. It is a product designed for industrial applications and therefore offers APIs that make it easy to integrate using “any programming language.” It is conceptually similar to Ethereum.
The idea is that a company can use NEM and its “smart asset” system to create its own systems: an exchange, a payment system, a new cryptomoneta, smartphone payments, market management and so on.
1.3 billion euros
IOTA is one of the most specific and interesting projects in the world of cryptocurrencies. It is announced as “the backbone of the IoT”. The central point is therefore the so-called Internet of Things, the communication network between machines and devices. Objects that communicate with each other and that sometimes exchange resources. IOTA wants to be the “currency” of this world, a currency of exchange with the potential to trigger global interoperability.
1.2 billion euros
Monero (XMR) is a cryptocurrency that focuses on anonymity and on the non-traceability of operations – an aspect also emphasized by DASH. Currently there are some developing projects focused on this specific aspect. The anonymity of the transactions finds the support of some and the criticisms of others, of course; the project presents itself as an idea against censorship, but an anonymous monetary system can also be used for criminal purposes. Favoring the first use and hindering the second will be important for the success of Monero.
€ 880 million
OmiseGo uses Ethereum technology to propose an alternative monetary system, which is the same idea as many other cryptomonetes. The particularity of the project in this case is a blockchain designed to handle transfers of each currency. In other words, the OMG system should serve as a tool to exchange FIAT, BTC, ETH currencies and anything else.
Ethereum Classic (ETC)
€ 860 million
Ethereum Classic is exactly what the name says, namely the “classic” version of Ethereum. As the latter is proposed as a platform for the creation of decentralized exchanges, smart contracts and Dapps. Born to respond to a Hacking problem (the DAO case) it is essentially an Ethereum clone until the time when the ETH blockchain was modified. The change made ETC “appear” in the portfolios of those who owned ETH, as happened with Bitcoin Cash
€ 855 million
NEO could be labeled as “the Chinese Ethereum”. And in fact the two projects are almost identical, apart from the fact of nationality. NEO is not only Chinese by birth, but aims to become the backbone of smart contracts and Dapps made in this country. Development is still at the beginning and many have so far believed in its potential, hence the position in the standings.
€ 640 million
Bitconnect can be exchanged on an exchange like any other, characterized by a PoS / PoW hybrid system with Scrypt algorithm. Like other crypts it will become 100% PoS once the “minable” coins are finished, in this case 20.4 million coins. The characteristic aspect of Bitconnect is however the recognized interest: who owns BCC in a wallet in fact gains others with the passage of time (minimum 15 days). An online wallet is also available.
€ 560 million
Lisk follows the example of Ethereum and aims to create a decentralized application system, presenting itself as an alternative to services such as the Apple App Store or Google Play. A system whereby developers can build apps, via SDK, and distribute them to the public without a centralized control system. Lisk relies on a very committed development team, which keeps the public updated through a blog.
€ 470 million
Similar to Ethereum, Qtum is a project of Asian origin really very similar to ETH (and NETO and others). In this case we can speak of a “hybrid” between Bitcoin and Ethereum, whose goal is or should be maximum reliability together with great flexibility.
€ 380 million
Stratis is a BaaS (Blockchain as a Service) platform designed as a service for companies and professionals. Each user / client can create his own private blockchain to use as he sees fit (eg logistics management). It is more precisely a sidechain, bound to the main blockchain. The company will then be able to exploit the benefits of blockchain technology while minimizing costs. STRAT will be the fuel of these blockchains
€ 370 million
The thing that catches the eye of Tether is that its price in dollars is almost stable, while the capitalization is growing and the value in BTC decreases steadily – following the BTC / USD exchange rate. 1 Tether is always worth a dollar and this is precisely the point: the idea is to insert a currency with a constant value in the world of cryptofinance, thus creating a point of reference more or less like the dollar in FIAT finance. In theory it is a non-volatile cryptomoneta.
€ 340 million
Like other currencies, Zcash is one of those that focuses on absolute confidentiality. It is therefore a cryptocurrency that, while making public every transaction, obscures the identity of the sender, beneficiary and quantity transferred. This thanks to a notable cryptographic implementation.
€ 326 million
Waves has raised about 16 million dollars, in mid-2016, through an ICO. The project in this case has something in common with Ripple, and we have a tool created for the banking world as well as a cryptocurrency to be used in private exchanges. It is also a platform for the implementation of Dapps, which gives stakholders limited decision-making power.
€ 300 million
The stated goal of the ARK team is to create a monetary system that can actually serve ordinary people. That is to say, a coin for everyday purchases, whether it be an online order or a baker at home.
In theory it is a common goal for all crypts, but ARK is one of the few projects that explicitly pursue it. Developers focus on speed and security of transactions.
240 million euros
Steem is “a blockchain-based social media platform where anyone can earn rewards”. You sign up and you earn something every time, for example, you publish a content that other users find useful. But even when you give votes, and there are prizes for those who stay long. Those who have social success, for now there is only the steemit platform, can then sell and exchange STEEM like any other crypto
€ 211 million
The English word safe becomes an acronym with this cryptomena and became SAFE – Secure Access For Everyone. The idea is to use blockchain technology to combine the resources of all users, and to ensure everyone a level of privacy “currently not available on the internet”.
Give users control of their data, as part of the slogan. For example, providing a universal and secure login service without the constraints imposed by Google, Facebook or other providers.
Basic Attention Token
€ 211 million
Behind the Basic Attention Token project there are authoritative web names with a long experience, hoping to change the paradigm of online advertising using blockchain.
The idea is to use a token that, through blockchain, advertisers and users can exchange. In this way the user and the advertiser can exchange “real attention” for the advertisements. A payment in the form of services is also provided.
€ 200 million
Also with NCB we have a currency that strongly points to the non-traceability of transactions and identities. The other strength is speed, with confirmations that do not take more than two minutes. At least for the moment the transactions have no cost, because the users who confirm them receive a prize directly from the blockchain (mining). Neither can they see who is doing the exchange, or what the figure is at stake.
€ 195 million
Conceptually similar to Ethereum, EOS proposes itself as a platform for the development of decentralized applications, wherever. It was born with great scalability and functions to ensure the stability of the applications themselves, as well as ease of maintenance.