Coins 101

Concise descriptions of cryptocurrencies are included here.

Algorand (ALGO)

Algorand is a cryptocurrency that can be generated via cryptocurrency mining. Algorand touts an innovative blockchain protocol that removes many of the technical barriers to mainstream blockchain and provides a stable, secure platform. Learn more at https://algorand.foundation.

Basic Attention Token (BAT)

Basic attention is an open-source advertisement exchange for advertisers and publishers to trade BAT for, in essence, user attention, or focused engagement, while establishing an accurate price for user attention. Basic Attention Token’s mission is to combat fraudulent advertising, tracking of user data, and intermediaries, and it is built on the Ethereum platform. Learn more at https://basicattentiontoken.org.

Bitcoin (BTC)

Bitcoin is a peer-to-peer network that enables online financial transactions between one party and another while eliminating financial institutions or other intermediaries from the equation. Bitcoin is supported by the consensus of its users, and, established by the pseudonymous Satoshi Nakamoto in 2008, is the original cryptocurrency. Learn more at https://bitcoin.org/en.

Bitcoin Cash (BCH)

Bitcoin Cash is a hard fork of Bitcoin from 2017 that increased the public ledger’s block size from 1 MB to 8 MB in an effort to scale the network and make it more efficient when verifying transactions. In 2018, BCH was again hard forked into Bitcoin SV and Bitcoin ABC; Bitcoin ABC’s greater hashpower and standing as the preferred update among the majority of the network’s nodes led to its adopting the BCH ticker. Learn more at https://www.bitcoincash.org.

Civic (CVC)

Civic is an identity verification protocol that utilizes a shared, decentralized blockchain as a reference to confirm personal identities instead of relying on an identity verification service. Learn more at https://www.civic.com.

Cosmos (ATOM)

Cosmos is an environment of interactive blockchains, each of which is powered and maintained by consensus algorithms. Cosmos intends to break barriers between blockchains by allowing developers to develop, communicate and transact across blockchains. Learn more at https://cosmos.network.

Maker’s Dai (DAI)

Dai’s value is pegged to the US dollar, and it lives on the Ethereum blockchain. It was engineered with an eye toward being the stable currency believed to be necessary to maintaining the digital economy’s functionality. Learn more at https://makerdao.com/en.

Dash (DASH)

Dash is a digital currency that promotes itself as an alternative to cash and credit cards for performing quick, simple transactions. Its minimal fees and fast transactions, which occur on a secure, decentralized peer-to-peer network, aim to make it a component of everyday financial exchanges. Learn more at https://www.dash.org.

District0x (DNT)

District0x provides a smart contract and front-end library framework to enable the deployment, operation and governance of communal marketplaces. Learn more at https://district0x.io.

EOS (EOS)

The EOS network allows developers to build using development platforms and languages with which they are already familiar while gaining access to a blockchain platform that can fulfill a number of business’ needs, from role-specific security permissions and efficient transaction speeds to secure application processing. Learn more at https://eos.io.

Ethereum Classic (ETC)

Ethereum Classic represents the continuation of the original Ethereum blockchain after a hard fork was required following a 2016 hack that resulted in millions of stolen Ethereum. Learn more at https://ethereumclassic.org.

Ethereum (ETH)

Ethereum is the cryptocurrency for the Ethereum smart contract platform, which allows developers to create decentralized applications. Additionally, Ethereum is the currency given as reward to miners on the network. On the Ethereum network, smart contracts can execute transactions when certain conditions are met without third-party interference. Learn more at https://ethereum.org.

Golem (GNT)

Golem connects users and applications — or requestors — on its networks to share computing power and resources. Golem Network Tokens are paid to requestors, which are deployed, distributed and monetized by software developers on the Golem network. Payments between providers, requestors and software developers are processed using an Ethereum-based system. Learn more at https://golem.network.

Chainlink (LINK)

With the Chainlink platform, smart contracts are connected to the inputs and outputs to access data feeds, APIs and payments in a secure manner. Learn more at https://chain.link.

Loom (LOOM)

The Loom network is constructed to provide its users with the “scalability and usability they need to build high-performance user-facing dapps.” Because Loom is integrated with all major blockchains, it allows its developers to protect their applications from the threat of creative destruction by reaching the largest user base possible. Learn more at https://loomx.io.

Litecoin (LTC)

Litecoin is a peer-to-peer cryptocurrency that was designed with a basis in the Bitcoin protocol. Its utilization of Scrypt for its hashing algorithm is what distinguishes it from Bitcoin, since Scrypt requires large amounts of computer memory in order to mine litecoin. Learn more at https://litecoin.org.

Decentraland (MANA)

Decentraland, which promotes its user-built-and-owned platform, intends to encourage the creativity of its users by identifying said creativity as the best way to earn MANA, the blockchain-based cryptocurrency that Decentraland utilizes to exchange goods and services. Learn more at https://decentraland.org.

Orchid (OXT)

Orchid’s network is Ethereum-compliant and designed to facilitate transactions for users looking to purchase Virtual Private Network (VPN) services by exchanging OXT, the Orchid Digital Currency. Learn more at https://www.orchid.com/oxt.

Augur (REP)

Augur offers a betting platform on which users can gamble on sports, politics, finance and more with REP, the Augur network’s own cryptocurrency. Learn more at https://www.augur.net.

Stellar Lumens (XLM)

The Stellar network was designed to support any and all exchanges involving digital currencies, but its own coin — the lumen — is foundational to its operation, since the network requires that all users maintain a minimal amount of lumens at all times. Learn more at https://www.stellar.org/lumens.

Ripple (XRP)

Ripple provides a network that financial institutions can utilize in order to perform faster and lower-cost payments all over the world, but the coin that it has manufactured — XRP — is engineered to be the most efficient digital asset when it comes to sourcing liquidity in the quickest, least costly and most scalable manner. Learn more at https://ripple.com/xrp.

Tezos (XTZ)

Tezos is a platform for decentralized applications and smart contracts that focuses on the security of smart contracts, the upgradeability of its network and public participation without barriers to entry. Learn more at https://tezos.com.

Zcash (ZEC)

Like many other blockchain platforms, Zcash envisions the future of money as being digital, decentralized and private. While transactions on the Zcash network are added to a public blockchain in the same way that they are with Bitcoin, Zcash ensures that all of its users’ personal and transaction data remains confidential. Learn more at https://z.cash.

0x (ZRX)

0x’s open-protocol platform allows for asset transfers on the Ethereum blockchain. Learn more at https://0x.org.