Crypto Asset Descriptions
Outlined below are the most popular and (still) relevant crypto assets today. We'll build a historical understanding of crypto assets and altcoins by segmenting them into chronological order based on launch date.
Prior to 2015 The Original coins
- Bitcoin (BTC): launched in 2009, digital gold, long live the king 👑
- Litecoin (LTC): forked from Bitcoin in 2011, digital silver, Bitcoin's little bro 🙇
- Ripple (XRP): blockchain replacement for ACH system, maybe worth avoiding 🤷
- Dogecoin (DOGE): created as a joke in 2013, but now a popular meme in crypto 🐶
- Monero (XMR): Bitcoin with added privacy, all transactions are hidden 🕶️
- Dash (DASH): Bitcoin fork from 2014 focused on transaction speed, but losing steam 💨
- Stellar (XLM): payment network forked from Ripple in 2014, Stripe funded 👀
2015-2017 The ICO Craze
- Ethereum (ETH): build on a decentralized world computer, create NFTs and dapps 🛠️
- Zcash (ZEC): similar to Monero, but with the Venmo private or public toggle 🔦
- Tether (USDT): stablecoin, backed by US dollars (maybe) ‼️
- Cardano (ADA): Bitcoin and Ethereum had a baby in 2017, slow development 🐣
- Chainlink (LINK): Ethereum enabler, connects the blockchain and real world 🌎
- Bitcoin Cash (BCH): not Bitcoin, but a controversial fork of Bitcoin focused on payments 💳
- Binance Coin (BNB): created by Binance (centralized exchange), makes it easy to trade altcoins 💱
- Basic Attention Token (BAT): currency for the Brave browser, get paid to watch ads.. actually 🤹
- Enjin (ENJ): gaming coin that can be minted into digital assets... and melted back 🍯
2018 to today The dEFI Summer
- Uniswap (UNI): swap crypto assets without a middleman, built on Ethereum 💹
- SushiSwap (SUSHI): Uniswap clone, but you get a small dividend 💸
- USD Coin (USDC): stablecoin created by Coinbase & Circle in 2018, backed by US dollars 💵
- Filecoin (FIL): rent spare storage space on your computer, a decentralized Dropbox 📦
- Polkadot (DOT): another take on Ethereum, the shiny new toy of 2020 ✨
- Decentraland (MANA): buy land, create content, monetize a virtual world 🏕️
- Solana (SOL): low-fee blockchain (that's good) with questionable uptime (that's bad) ⚖️
- Avalanche (AVAX): sports advanced blockchain tech, but not battle tested ⚔️
- Polygon (MATIC): attempts to solve Ethereum's scaling issues, ETH + MATIC = 💜