All you need to know about the 5 popular crypto coins?
The world of cryptocurrency is fascinating, and so is the value associated with it. Bitcoin is the pioneering name, but we also have many other new entrants now. The non-bitcoins are called Altcoins. Many of the Altcoins are doing great in the market. For example, Bitcoin has a share of half of the entire market, and Ethereum, a non-bitcoin, has almost a quarter of the rest of the crypto market.
But, here, in this article, we have chosen five of them to talk about.
Stellar (XLM)
The first coin on our list is Stellar, this cryptocurrency was launched in 2014. The platform was created for everyday usage and users by Joyce Kim ND Jed McCaleb. Steller is also a cryptocurrency that uses blockchain technology. The best part about Steller is it transacts between any currency pairs. It operates with a cross-border transaction along with a very secure transaction.
With the invention of Steller, there were 100 billion of Steller XLM created. Steller falls into the category of native cryptocurrency.
Stellar XLM is also called Steller Lumens. Lumens are used both as a transaction fee on Steller and as an intermediate currency. Lumens are the reason why Steller is popular as faster than Bitcoin.
Highlights of Stellar XLM
The annual inflation rate of 1% is fixed
The XLM helps in creating smarter contracts.
The transaction process through it takes as little as 3-5 seconds.
Multi-signature can also be created using the Stellar XLM.
Multi thousands of transactions are happening with Steller every second.
It is cheaper, faster, and energy-saving.
Monero (XMR)
Just like steller, Monero was also created in 2014. In 2018, it became one of the thirteenth most famous cryptocurrencies all across the world. Monero provides more privacy as it has layers of security involved with it. Monero is purely anonymous, whereas Bitcoin is not. Therefore, you can be absolutely chilled out while transacting with Monero as it keeps all valuable information secret.
Although it was created in 2014, it only started gaining huge popularity and growth when a darknet market started accepting this cryptocurrency due to its anonymous nature.
Highlights of Monero (XMR)
It uses the opaque blockchain.
It is more security-oriented.
This currency is highly untraceable.
You can make safe transactions if you are a user of the dark web.
DogeCoin
Dogecoin was created in 2013. It was basically created as a fun coin on the meme having a Japanese dog (Shiba Inu) image. According to its creators- Billy Markus and Jackson Palmer, it is a light-hearted cryptocurrency that was only created to support cryptocurrencies. However, it started seeing huge popularity once it got praised by Elon Musk.
Highlights of DogeCoin
Dogecoin is known as an open-source cryptocurrency.
It uses the same technology as Litecoin, such as proof-of-work.
It has its own large fan base.
It is cheaper.
Polkadot
In 2016, former co-founder of Ethereum, Gavin Wood, created the Polkadot cryptocurrency. As heard, it is called the ‘Ethereum killer’ as well. Ethereum was known for being the most transacted cryptocurrency after Bitcoins.
This currency is also high in security concerns. It offers custom blockchain. From the very initial day of using it, you can expect the highest level of security. It helps in transferring data, assets, along with tokens.
Highlights of Polkadot Crypto
Superior security
It follows the cross-blockchain method for transferring anything. It is highly interoperable.
Binance Coin (BNB)
Binance Coin BNB was created in 2017 and is one of the largest Cryptocurrency Exchanges. The users of Binance Coin get a special discount on the transactions.
Highlights of Binance Coin (BNB)
It can be used for purposes like booking flights and hotels on some of the selected websites.
There are also several platforms that enable investors to invest using the BNB Exchange method.
For public use, there are 10 million Binance Coins (BNB) available in the market.
Even if you are doing business you must have basic knowledge of cryptocurrency. Here you can get more information on the future of business as influenced by Cryptocurrency. Stablecoins are designed to be fiat currencies and can be a good place to invest in the crypto world. However, it is not reliable enough. At Swyftx learn, you will find everything you need to know about stablecoin, read now.