How many cryptos can YOU explain in 10 minutes?

according to coin market cap at the making of this video there are about 9 000 cryptocurrencies with new ones coming every single day some are real and some are just plain scams but before we begin this video there are some key terms that we need to understand in blockchain world two of the most important assets are tokens and cryptocurrencies cryptocurrency is a digital currency that uses cryptography to verify transactions each registry goes on a unique ledger known as a blockchain go watch a video about blockchains so it's important to highlight that each cryptocurrency is supported by its own blockchain so in other words they're native assets to that protocol and they don't rely on other platforms some examples are bitcoin and ethereum sometimes organizations take existing blockchain protocols and they create platforms on top of them for specific needs they also create their own cryptocurrency based on pre-existing blockchains and these are called tokens that are typically used for access or transactions within each platform one easy way to know if you're dealing with tokens or with cryptocurrencies is by asking yourself is this independent or does it use a pre-existing blockchain finally the term altcoin which you can use for all cryptocurrencies that are an alternative to bitcoin hence the name and there are a lot of them out there so today we're bringing you the top 100 cryptocurrencies in under 10 minutes here we go first bitcoin experts call it gold and cash all in one it's that big ether it's fuel for the ethereum world one of the biggest platforms in crypto bitcoin cash it's a clone of bitcoin with bigger blocks for more transactions xrp makes transactions easier by being a bridge between fiat currencies litecoin it's silver to bitcoin's gold plus it's faster dash it's faster and more anonymous than bitcoin neo it's chinese ethereum neem manages assets and data efficiently at a low cost monero highly anonymous so secrecy is the name of the game ethereum classic is a clone of ethereum born in 2016.

Myota works for transactions and payments in the world of the internet of things qtum imagine ethereum's contract functionality and bitcoin's security so best of both worlds omg wants to be the number one option for exchange transactions lisk is a token for easier mining and app development ada works with cardano a platform that offers more scalability interpretability and sustainability tether anchors to the currencies like the dollar on a one-on-one value so it's known as a stable coin though not always so stable gemini dollar claims to be the first regulated stable coin but paxo's standard is a stable coin that also came out the same day so who gets the bragging rights stellar lumens these lumens help individuals transfer money instead of institutions eo's tokens work as a currency for developers in the eos platform age share is for transactions within the hypershare platform waves these tokens peg to real life assets like stocks and electric property and even fiat currencies the stratus token transfers value within the highly customizable stratus platform comodo uses the kmd token and allows users to create blockchains and sales and with the r token users and businesses can create their own blockchains now the fact that users can create their tokens can lead to many creative cryptocurrencies summer scams but others like meme coins can get really popular and kind of be a little bit legit even here's just some examples bit connect was a ponzi scheme platform that tricked thousands of users one coin was one of the first crypto ponzi schemes back in 2014.

Safe moon was an outcome that promised safety and stability but it ended up being a pump and dump scheme monaco promises integration even a credit card where people don't trust the company deutsche and the mother of all meme coins started as a joke but it's somewhat legit now it has even helped finance the jamaican bobsled team but story is just far too extraordinary to summarize in one short video so we made one about it last week go check it out she buy new descriptor rose in value in just a few weeks and then crashed as quickly as the hype began and here are some other doge spin-offs doge token mini doge shiba coin tuna dog and fantastic baby doge all the meme coins that have derived from dogecoin but they're all on many watch lists for the lack of credibility then we have get gems the gems was encrypted for the get gems social network where you could trade for bitcoin it's considered one of the top cryptocurrency failures of all time electroneum its model is user-friendly and mobile-oriented with almost instantaneous transactions bytecoin anonymity is its core philosophy interesting that privacy is so important in the crypto world steam anybody can create and share content and they earn steam tokens depending on how good they are ardor allows users to develop customized blockchains using the ardor token for transaction fees finance coin so the binance exchange is one of the biggest globally and b b tokens are ideal for moving about in that ecosystem auger users receive payouts for predicting a winning outcome while rep or rep acts as a verification token populous if you have an invoice to sell you can use the ppt token in populace where transactions costs are lower and more secure decred dcr's strong point is decentralized governance where every dcr holder could vote in block mining processes 10x if you want to combine the real world with crypto10x offers a physical debit card plus a bank account and a digital wallet made save coin has blockchain cloud storage that promises safer storage for all information using the main save for transactions golem allows you to rent other people's computers and those who rent devices earned gnts to trade later for bitcoin ethereum and ustd factum can upload businesses data into the blockchain using the fct for transactions but to use it you must first own bitcoin basic attention this advertising platform allows users advertisers and publishers to trade with bat tokens uni swap gives users more control by reducing intermediaries and decentralizing exchanges zcash as you have seen many cryptos provide more privacy but this one has edward snowden's backing bitshares users convert their cryptocurrencies to stable coins using the bts token in between chain link closes the gap between the blockchain and the real world using link tokens as payment for operations power ledger is a platform that trades energy in peer-to-peer form and to access it you must buy power tokens nxt allows mining and app development and storage and the nxt tokens help you navigate this open system salt uses cryptocurrencies as collateral for loans and you need the sold token to access them pvx this dash clone has no maximum coin supplied with the newly minted coins spreading among users monacoin is the litecoin fork currency that has a block creation that's 90 faster than bitcoin cello promises to make it easier for your hot wallet to send and receive money as well as use its token for purchases axi infinity is a trading and battling game where you collect grow and trade token-based creatures pretty creative solana is a token that allows for transactions in the solana ecosystem which promises to fix bitcoin's weaknesses and make for a more competitive platform the dgd is a security token while the dgx is a commodity token with its value linked to a gram of gold polka dot is one of the newest cryptocurrencies that aims to create an ecosystem comparable to ethereum tron aims to create a free global entertainment system using blockchain paying content creators with the tronix token pancake swap you can exchange tokens to provide liquidity and get cake tokens as a reward mina aims to reduce computational requirements and it's one of the lightest blockchains around chiles was the token with a social network called socials.com which had an impressive growth but then stalled and crashed fairy tazerum users can trade using the very token but the platform is more famous for its controversial founder repeal credit is a token for backless loans through the repo platform e-gold helps you pay network fees and reward validators in the l-run platform for swift transactions swiss borg is a token in the independent personal finance swiss board which aims to revolutionize banking raven coin tokens represent assets like securities credit and commodities on the rave coin platform kava users lock cryptocurrencies to smart contracts and those who put up collateral to receive cava tokens loopering is just one of many cryptos you can use on the loop ring platform where you can trade cryptos and assets quant is part of a cost-effective platform where you exchange assets including big names like nvidia and oracle holo is a peer-to-peer communications platform that doesn't require mining plus the hot token is expected not to experience any inflation nexo is a token for instant cryptocurrency backed loans through the nexo platform bank core is a token for converting from one crypto to another without external exchanges as part of the bancorp platform celsus helps perform tasks in an all-in-one financial services platform and even increased payout values outside of it bittorrent was originally a file sharing site and is now a cryptocurrency focused on entertainment as part of the tron platform avalanche works as a fee collection and incentive in the free trade avalanche platform tezos is like an ethereum with constant improvement where you receive rewards based on how many xtz's you have tera helps stabilize stablecoins with the terra platform aave is a token in a lending system with lower rates discounts and instant loans clayton is a token for developing applications at minimal fees sushi swap makes markets between any two pairs of cryptocurrency with the sushi token as a reward for those transactions ontology is a cryptocurrency that powers ontology where businesses can have smart contracts and still control sensitive data bakery swap represents tokens that are rewards for liquidity creators in the bakery swap market maker revain incentivizes authors to review projects on the ravine platform here finance is a lending and trading platform that uses the yfi token for locking contracts telecom is a token for e-commerce sites the more tell you got the more incentives you get aux or zrx works as a payment for relayers and takers in the aux or 0x automated market maker algorand is a faster less consuming version of bitcoin plus algo coins go to all users not just miners ftx token is the token for the ftx crypto futures market and if more trading happens the ftt gains value crypto.com coin is a token that allows users to pay for many globally available merchants through the krypto.com platform zliko is a token that accepts large transfers and microtransactions at high speeds okb connects digital assets and investors globally and number 100 hedera hashgraph is an energy efficient cryptocurrency that pays for network services and protections and there you have it the top 100 cryptocurrencies make sure to hit that subscribe button and we'll see you next week [Music] you

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