List and summary of Top 10 virtual currencies

Here are some recommended virtual currencies. Please refer to the following for the features, mechanism, and purchase method of each currency.

  1. Bitcoin (BTC)

Bitcoin was created to realize an electronic trading system that allows individuals to trade without going through a third party such as a financial institution. Technologies called digital signatures and blockchains are used to realize the Bitcoin system, and blockchains are also attracting attention as the technology responsible for the Fourth Industrial Revolution. Bitcoin is a large number of investors because of its characteristics that make it difficult for written data to be tampered with over time, and its transparency and traceability that allows an unspecified number of people to verify that the data has not been tampered with.・ It is one of the most popular features from engineers.

  1. Ethereum (ETH)

Ethereum is a decentralized platform that can execute “smart contracts” that automate various contracts. Ethereum is characterized by tackling the issue of Bitcoin, also known as the original blockchain, with various technologies such as Proof of Stake. The native token required to run DApps on this Ethereum is Ether (ETH), which we can purchase on the crypto exchange. Ethereum, which is used for ICO, is required to operate Ethereum, which is a major altcoin that ranks high in the market capitalization ranking of crypto assets.

  1. Ripple (XRP)

XRP is a digital asset used in the new international money transfer platform RippleNet. XRP is a digital asset that frees banks from the cost of maintaining a nostro account and reduces the risk of foreign exchange for remittance providers. By approving transactions by validator distributed all over the world, it has the feature that it can process 1,500 throughputs per second and settle remittances in 4 seconds. In addition, RippleNet is already being introduced by more than 200 financial institutions, and the fact that Ripple and the SBI Group are leading the marketing is a big difference from other crypto assets.

  1. Bitcoin Cash (BCH / BCC)

Bitcoin Cash is a virtual currency that was born on August 1, 2017 by hard forking (branching) from Bitcoin. To solve the scalability problem of Bitcoin, a hard fork was carried out by a miner who agreed to increase the block size. It is one of the popular virtual currencies that has been continuously ranked high in market capitalization since its launch. Bitcoin Cash is proceeding with “on-chain” transaction processing that processes all transactions on the blockchain, and aims to keep all transactions transparent by implementing a block size of 32MB. It is a virtual currency to do.

  1. Litecoin (LTC)

It is a virtual currency that solves the transaction that is also a problem of Bitcoin, and the transaction approval time is set to two and a half minutes, which is one quarter of Bitcoin, so that it can handle the huge number of transactions required for settlement. I have. It is attracting attention that the wallet by Litecoin official is open to the public and it is supposed to be used as a personal payment currency.

  1. NEM (XEM)

NEM is a project classified as “Bitcoin 2.0” that was created with the aim of solving the weaknesses of Bitcoin, including mosaic generation and multisig while improving transaction speed and fees, which are issues of Bitcoin. It is a blockchain with various functions added. It is also characterized by activities that are rare for virtual currency projects, where events are held mainly by NEM officials and the community.

  1. Lisk (LSK)

Like Ethereum, Lisk has a smart contract function, and it is a blockchain that is characterized by building tokens by utilizing the sidechain. Since the sidechain has specifications as a private chain, it has advantages in scalability and development flexibility, and achieved high processing speed by an agreement not to build Dapps on the main blockchain. Lisk is also drawing attention for its partnership with Microsoft.

  1. Monacoin (MONA)

Monacoin is Japan’s first virtual currency that originated in Japan’s giant bulletin board 2channel. While it has a speculative aspect peculiar to virtual currency, it is characteristic that it is used for “throwing money” within the community. Twitter is a currency that has been developed mainly by the community, such as the construction of a payment system that allows you to easily send Monacoin and its active use.

  1. Ethereum Classic (ETC)

Ethereum Classic is a blockchain that was born in opposition to the Ethereum Foundation that responded to hacking at THE DAO, and while Ethereum emphasizes expandability and democracy, it maintains the original Ethereum blockchain. The purpose is to operate it. While it has the same smart contract function as Ethereum, it has a distinctive rivalry with Ethereum, such as limiting expandability to improve hacking resistance.

  1. Factom (FCT)

Factom is a decentralized platform that manages documents as electronic data on the blockchain. Development is progressing with the aim of reducing the data management costs that were previously required while maintaining robust security by using the functions of Bitcoin. Projects such as dLoc, which manages medical records, and Factum Harmony, which manages data in the mortgage industry, are already underway and are expected to be further introduced by various institutions and companies.

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