The journey in the cryptoland can sometimes be difficult, confusing and overwhelming. And sometimes it can also drag you into the world of unnecessary FUD and misinformation which can ultimately result in losses instead of expected profits.
That’s why we at CoinSutra do the difficult part for you by filtering the FUD and misinformation from the actual information.
For those of you who are here for the first time, CoinSutra is a community of Bitcoin and altcoin users from around the world. Here we often talk about Bitcoin, altcoins, Bitcoin wallets and crypto security among other crypto related topics.
Not only this, with our CoinSutra community, we regularly share information about the best cryptocurrencies and cryptoassets from a fundamental analysis point of view because we think short-term profits are less important than long-term gains.
And these gains can be realized by picking the right cryptocurrencies and cryptoassets.
Therefore, to make thing easier, we do the tough job of picking up the cryptos and later urge to do your own research. Over the past year, we have picked up really good cryptos that have helped many take the right decision for themselves.
Now the million dollar question: What are those coins?
Those coins are…
Wait a minute. Before telling you about those coins, I would like to tell you what cryptocurrencies and cryptoassets actually mean.
Cryptocurrency (Cryptographic Currency) is the term used to describe digital currencies which utilizes Cryptography to secure their payment networks and transactions.
In the world of cryptoland, an asset is a term that refers to any cryptocurrency. Even though they are used as money, they have other applications beyond payment hence the name cryptoassets.
Now that you understand what cryptocurrencies and cryptoassets are, it makes sense to tell you all the cryptos that we have covered so far on CoinSutra.
Note: This is a beginner’s guide on different cryptocurrencies that Harsh and I have written. The aim of this list is to educate people who already know the basic stuff about Bitcoin and want to look beyond Bitcoin to learn about other cryptocurrencies.
We will keep updating this list as and when we cover more cryptocurrencies on our blog but for now enjoy this list of some really good cryptoassets.
Hope you find them useful and educational 🙂
Right now, not all cryptos can offer features of privacy, security, or fungibility at the protocol or fundamental code level. But Monero does, hence making it a very viable choice. Read more about it here-Monero Cryptocurrency: Everything You Need To Know
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Read more about it here-Litecoin Cryptocurrency: A Complete Guide for Absolute Beginners
Ethereum is a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship, or third-party interference. Read more about it here-Ethereum Cryptocurrency: Everything A Beginner Needs To Know
Ethereum Classic (ETC) is also a decentralized programmable blockchain like Ethereum. And like ETH, ETC is traded on exchanges and offers the same functionality of decentralized apps and smart contracts as Ethereum (ETH). Read more about it here-Ethereum Classic (ETC): Everything Beginners Need To Know
Waves are the name of the both, a proof of stake blockchain and the cryptocurrency that fuels that blockchain. Waves enable you to make custom tokens, which means you can launch your own cryptocurrencies. You can also decentralize trading and crowdfunding, as it has integrated fiat currency gateways like USD/EUR/CNY right in your wallet. Read more about it here-Waves Cryptocurrency (WAVES): Everything You Need To Know
Stratis is a blockchain-based platform which simplifies the development, testing, and deployment of C# applications on the dot NET framework. Stratis will act like a blockchain-as-a-service (BAAS) platform for corporations and institutions. Read more about it here-Stratis Cryptocurrency (STRAT) Everything You Need To Know
Siacoin is the cryptocurrency developed to use the Sia platform. Anyone can rent out extra space on their PC to the Sia decentralized network and get paid in Siacoin. Similarly, any user who wants to use Sia storage needs to pay Siacoins to a host. Read more about it here-Siacoin (SC) Cryptocurrency: An Ultimate Beginner’s Guide
Counterparty is built on the Bitcoin blockchain. It is a decentralized platform for creating and exchanging custom tokens. It also has decentralized smart contracts. Read more about it here-Counterparty (XCP) Cryptocurrency: Everything You Need To Know
Factoids (FCT) are the native cryptocurrency token for the Factom platform. Factoids remain on Factom’s blockchain and are traded like any other cryptocurrency in the market. Read more about it here- A Comprehensive Beginner’s Guide to Factom Cryptocurrency
Golem’s “supercomputer” gets its power from both small personal laptops and giant data centers spread around the world. As a user of Golem’s platform, you can run a website, do energy-intensive scientific calculations, run a long code, or do CGI rendering. Read more about it here-Golem – A Decentralized Sharing Economy Of Computing Resources
GameCredits (GAME) is a digital currency based on the blockchain. Its purpose is to become the universal currency for 2.6 billion gamers worldwide, to empower game developers both big and small in order to further grow the 100 billion dollar gaming industry and to accelerate the wide adoption of decentralized cryptocurrencies as a better alternative to government-issued fiats. Read more about it here- GameCredits: Everything Beginners Need To Know
Zcash is a peer to peer (P2P) cryptocurrency like Bitcoin. But unlike Bitcoin, its sole priority is to focus on private, anonymous, and fungible transactions that Bitcoin can’t-do. Read more about it here-Zcash Cryptocurrency: Everything You Need To Know
Zcoin, also known as XZC or Zerocoin, is an open source decentralized cryptocurrency that focuses on achieving privacy and anonymity for its users while transacting. Read more about it here-Zcoin (XZC) Cryptocurrency: Everything Beginners Need To Know
The Komodo blockchain platform uses Komodo’s open-source cryptocurrency for doing transparent, anonymous, private, and fungible transactions. They are then made ultra-secure using Bitcoin’s blockchain via a Delayed Proof of Work (dPoW) protocol. Read more about it here-Komodo Cryptocurrency: Everything Beginners Need to Know
NEO is often referred to as “Chinese Ethereum” or “Ethereum’s killer“ by many, but in this article, I will not call it anything like that. I think many crypto projects have a great future because of their reasons for being built (i.e. the problems they solve). NEO is no exception. Read more about it here-NEO Cryptocurrency: Everything You Need to Know about China Ethereum
Ubiq is decentralized, peer-to-peer, open-source cryptocurrency, but unlike Bitcoin or DASH, which are made purely for payment purposes, Ubiq has another function. Read more about it here- UBIQ Cryptocurrency: Top Things Beginners Need to Know
Binance is both a cryptocurrency and an exchange (which concluded its ICO in July 2017). Binance means “Binary Finance”, and as an exchange, it aims to power the future of crypto finance. Read more about it here-Binance Cryptocurrency: A Unique And Rapidly Growing Crypto Exchange
CIVIC is an identity management service that allows one to protect and authorize the use of their identity in real-time. In simple words, every time when you are required to prove that you are who you say you are, you need to undergo the same verification and document submission process repeatedly from scratch. Read more about it here-CIVIC Cryptocurrency: Everything You Need To Know
QTUM is an open-source blockchain and cryptocurrency developed/maintained by the QTUM foundation. It is a decentralized Blockchain application platform, capable of running smart contracts on multiple virtual machines, with Proof-of-Stake consensus. Read more about it here-A Detailed Analysis of QTUM Cryptocurrency – a Beginners guide
Metal is the name of a new cryptocurrency token which is built on the Ethereum blockchain as an ERC20 token. Metal is also the name of the payment processing app that will use Metal tokens as well as other cryptocurrencies for payments. Read more about it here-Metal Cryptocurrency: Earn While Sending & Receiving Money
That’s all from my side in this article. I will be updating this list regularly, so watch this space on CoinSutra. Also, check us out on the following platforms:
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Here’s some related reading for more insight: