A brief rundown of the top 50 coins by category

[Dato]

A brief rundown of the top 50 coins by category

<!-- SC_OFF --><div class="md"><p>&#x200B;</p> <p><strong>Currency</strong></p> <p>The primary function of these coins is to be used as a decentralised token of value which can be exchanged between peers without the need for banks or other intermediaries.</p> <p><strong>(1) Bitcoin (BTC)</strong></p> <p><strong>(7) Ripple (XRP)</strong></p> <p><strong>(13) Bitcoin Cash (BCH)</strong></p> <p><strong>(14) Litecoin (LTC)</strong></p> <p><strong>(21) Stellar (XLM)</strong></p> <p><strong>(31) Bitcoin SV</strong></p> <p>&#x200B;</p> <p><strong>Stablecoins</strong></p> <p>These coins use various methods to peg their value to that of the U.S. Dollar, thus allowing them to be used as both a store of value and a medium of exchange without the risk of volatility,</p> <p><strong>(3) Tether (USDT)</strong></p> <p><strong>(8) USD Coin (CSDC)</strong></p> <p><strong>(10) Binance USD (BUSD)</strong></p> <p><strong>(23) Dai (DAI)</strong></p> <p><strong>(48) Terra USD (UST)</strong></p> <p>&#x200B;</p> <p><strong>Distributed computing / smart contracts</strong></p> <p>These are coins tied to a network which provides a distributed, decentralised blockchain network, which apps can then be built upon. Some of their features include smart contracts, non-fungible tokens, digital identity and decentralised finance. Having a coin tied to the blockchain enables users to be paid for securing the network and to pay for using the services provided by the network.</p> <p><strong>(2) Ethereum (ETH)</strong></p> <p><strong>(4) Cardano (ADA)</strong></p> <p><strong>(5) Binance Coin (BNB)</strong></p> <p><strong>(13) Solana (SOL)</strong></p> <p><strong>(18) Ethereum Classic (ETC)</strong></p> <p><strong>(25) Tron (TRX)</strong></p> <p><strong>(27) Eos (EOS)</strong></p> <p><strong>(32) Algorand (ALGO)</strong></p> <p><strong>(36) Neo (NEO)</strong></p> <p><strong>(38) Klaytn (KLAY)</strong></p> <p><strong>(39) Tezos (XTZ)</strong></p> <p><strong>(43) Iota (MIOTA)</strong></p> <p><strong>(46) Avalance (AVAX)</strong></p> <p>&#x200B;</p> <p><strong>Exchange tokens</strong></p> <p>These coins are associated with an exchange and holding them allows people using that exchange certain benefits, such as reduced fees or staking rewards.</p> <p><strong>(5) Binance coin (BNB) - also listed above</strong></p> <p><strong>(10) Uniswap (UNI)</strong></p> <p><strong>(30) Crypto.com</strong> <strong>coin (CRO)</strong></p> <p><strong>(33) FTX token (FTT)</strong></p> <p><strong>(37) PancakeSwap (CAKE)</strong></p> <p><strong>(44) Unis Sed Leo (LEO)</strong></p> <p><strong>(50) Huobi token (HT)</strong></p> <p>&#x200B;</p> <p><strong>Privacy coins</strong></p> <p>Coins attached to blockchains which aim to provide anonymity to users and conceal their activities.</p> <p><strong>(26) Monero (XMR)</strong></p> <p>&#x200B;</p> <p><strong>Decentralised finance</strong></p> <p>These coins provide various functions/benefits in the DeFi ecosystem, such as lending, earning interest or collatorising assets.</p> <p><strong>(29) Aave (AAVE) - decentralised finance protocol</strong></p> <p><strong>(34) Maker (MKR) - stablecoin pegging mechanism for DAI</strong></p> <p><strong>(41) Terra (LUNA) - stablecoin pegging mechanism for UST</strong></p> <p><strong>(42) Amp (AMP) - collatoralising asset transfers</strong></p> <p><strong>(45) Compound (COMP) - DeFi lending protocol</strong></p> <p>&#x200B;</p> <p><strong>Specialised coins</strong></p> <p>These are coins/blockchains that perform a specialised function not covered in the above categories.</p> <p><strong>(9) Polkadot (DOT) - network of blockchains</strong></p> <p><strong>(15) Chainlink (LINK) - Oracle network providing data to blockchains</strong></p> <p><strong>(16) Polygon (MATIC) - Layer 2 ethereum solution</strong></p> <p><strong>(19) Internet computer (ICP) - Decentralised cloud computing</strong></p> <p><strong>(20) Theta (THETA) / (47) Theta Fuel (TFUEL) - improves video streaming services</strong></p> <p><strong>(22) VeChain (VET) - business supply chain management</strong></p> <p><strong>(24) Filecoin (FIL) - decentralised storage solution</strong></p> <p><strong>(35) Cosmos (ATOM) - network of blockchains</strong></p> <p><strong>(49) Decred (DCR) - decentralised voting platform</strong></p> <p>&#x200B;</p> <p><strong>Wrapped bitcoins</strong></p> <p>These are representations of bitcoin on other blockchains. Their prices are pegged to the price bitcoin.</p> <p><strong>(17) Wrapped bitcoin (WBTC)</strong></p> <p><strong>(40) Bitcoin BEP2 (BTCB)</strong></p> <p>&#x200B;</p> <p><strong>Memecoins</strong></p> <p>Coins that were created as a meme or for fun.</p> <p><strong>(6) Dogecoin (DOGE)</strong></p> <p><strong>(28) Shiba Inu (SHIB)</strong></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Wargizmo"> /u/Wargizmo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ocwa3d/a_brief_rundown_of_the_top_50_coins_by_category/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ocwa3d/a_brief_rundown_of_the_top_50_coins_by_category/">[comments]</a></span>Kind Regards R