Primary Function of the Top 10 Cryptocurrency Coins

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These are the top 10 major cryptocurrency coins based on market capitalization.

Here is a quick summary of the primary function of each cryptocurrency coin:

  1. Bitcoin (BTC) – A store of wealth, digital gold.
  2. Ethereum (ETH) – Decentralized smart contract platform, allows apps to be built on top of it.
  3. Cardano (ADA) – Decentralized smart contract platform with lower fees, specific use cases.
  4. Tether (USDT)Stablecoin, pegged 1-1 to the US dollar.
  5. Binance Coin (BNB) – Owned by the largest crypto exchange, Binance.
  6. Ripple (XRP) – Banker’s coin, settle global payments across borders.
  7. Solana (SOL) – Decentralized smart contract platform, uses proof of history & proof of stake instead of proof of work.
  8. Polkadot (DOT) – Multi-chain protocol to allow different blockchains to talk to each other.
  9. DogeCoin (DOGE) – Meme coin
  10. USD Coin (USDC) – Stablecoin, pegged 1-1 to the US dollar.

 

Thumbnail The Ultimate Guide To Blockchain And Crypto Assets

If you would like to learn more about crypto & DeFi, also check out: “The Ultimate Guide to Blockchain & Cryptocurrencies”



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