Cryptocurrencies Comparison - the best coins in a big comparison

Bitcoin was the first cryptocurrency created by Satoshi Nakamoto in 2009. To date, Bitcoin is the largest cryptocurrency and is undisputedly in first place.

The goal of Bitcoin was to secure payment processes and transactions via a peer-to-peer network. The aim was to democratise the financial and monetary system and ensure that any transactions could be carried out anonymously.

Bitcoin is probably the best-known cryptocurrency on the market. Moreover, it is completely secure; so far, no unauthorised person has been able to gain access to it.

For many, Ethereum is the number 2 cryptocurrency. Similar to Bitcoin, Ethereum also uses the blockchain and a decentralised network. Ethereum is about so-called smart contracts. Ethereum is supported by experienced founders such as Vitalik Buterin.

A big advantage over Bitcoin is that Ethereum is still highly undervalued. However, the price of the coin has risen since its market launch. Another advantage is that the cryptocurrency is used beyond the Ethereum network and also ensures very fast transaction speeds.

Bitcoin Cash was launched in 2017 as a faster and more secure blockchain technology. This makes Bitcoin Cash a digital currency in its own right. More transactions can be carried out with Bitcoin Cash than with Bitcoin. A comparison shows this quite well: while the maximum block size for Bitcoin Cash is 8MB, this is only 1MB for Bitcoin.

In theory, Bitcoin Cash could soon replace Bitcoin as a means of payment. The fast transaction speeds convince investors. However, special equipment is needed for mining.

Ripple was created as an alternative payment system with the aim of transforming and facilitating cross-border payments. As such, Ripple has been adopted by more than 100 financial institutions. In 2020, the Ripple blockchain expanded to more than 300 providers in 40 countries.

So Ripple wants to help banks reduce transaction costs with blockchain technology. The biggest advantage of Ripple is therefore that it has a lot of cooperation with financial service providers. However, Ripple is not yet a decentralised cryptocurrency.

Dash is an open-source cryptocurrency that was launched in 2014. It offers user-friendly and scalable solutions for online transactions. Like Bitcoin, Dash is based on blockchain technology,

In terms of transaction speed, Dash is far superior to Bitcoin. While a Bitcoin transaction can take up to 10 minutes, a Dash transaction takes just a few seconds.

The cryptocurrency Litecoin (LTC) is confusingly similar to Bitcoin: Litecoin also wants to establish itself as a means of payment, manages all transactions via a peer-to-peer network and uses blockchain technology.

Like Bitcoin, Litecoin can be exchanged for real money on a number of crypto exchanges. Thanks to the early integration of SegWit and the Lightening Network, Litecoin is technically on the cutting edge.

Ethereum Classic is also a platform based on open-source blockchain technology. Ethereum Classic is also the original Ethereum blockchain. In June 2016, Ethereum and Ethereum Classic separated.

Since the split, there was initially little acceptance in the community as well, but this grew over time. Led by decentralisation, ETC is growing steadily. In general, Ethereum Classic has set itself the goal of becoming a highly scalable payment network that supports smart contracts and decentralised apps (dApps).

Cardano is also a blockchain platform used to execute smart contracts. Cardano is backed by a non-profit organisation of academics and experts who are always working on the Cardano protocol.

Cardano is one of the most promising competitors to Ethereum. It is a relatively new project that was launched in 2017 and quickly rose to the top 10 cryptocurrencies. It is also the first cryptocurrency based on scientific work.

Iota has been a real success story in the recent past and the increasing interest of traders has led to a value of over 700 billion euros in 2020.Thus, the Iota Coin has been able to moult into one of the most popular crypto currencies ever.

What to note about IOTA is that unlike others, it is not based on blockchain technology, but on a proprietary technology developed by IOTA. This is called Tangle. Here, there are no costs for transactions and decentralisation was achieved with Tangle. Each transaction is also confirmed by other senders.

However, IOTA still has a few bugs and network failures. However, work is constantly being done to improve the network.

Stellar has been a real success story in the recent past and the increasing interest of traders led to a value of over 1.7 billion euros in 2020.

Thus, Stellar is one of the most popular cryptocurrencies around. In the hit list of the most popular cryptocurrencies, Stellar occupies 14th place.

Stellar is both a payment system and a blockchain operating system for smart contracts and decentralised apps. The Stellar code is based on the code of Ripple. This is not surprising, after all, the Stellar founder was once a team member at Ripple.

In general, Stellar offers very fast and cheap transactions. Unlike Ripple, it is decentralised, open-source and non-profit.

EOS has been around since mid-2017 and has already had to experience ups and downs in that short time. However, EOS has remained stable since the explosion of the crypto bubble in 2018. Moreover, an upward trend can be seen recently.

EOS is a blockchain platform that aims to replicate the functions of a PC's hardware and operating system.

There are certain tools and services for this. In addition, EOS offers fast transaction speeds, but is subject to the risk of inflation.

NEO is a blockchain technology and cryptocurrency that is often referred to as the Chinese Ethereum. NEO is referred to as a direct competitor to Ethereum and also other cryptocurrencies. NEO offers an operating system for blockchain software and was developed in China. NEO supports the JAVA programming language and also enables easier blockchain programming.

NEO are traded on the network of the same name, but only a few cryptocurrencies build on the platform.

TRON initially ran on the Ethereum platform, but then got its own blockchain in 2018. As a result, Tron has also risen to the top 10 largest cryptocurrencies in the world, as it is a major competitor to other cryptocurrencies.

Decentralised applications and smart contracts are written and executed on TRON's blockchain, similar to Ethereum. The advantages of Tron are its high market capitalisation and distribution as well as an energy-saving delegated proof of stake procedure. On the other hand, Tron is relatively volatile.

Zcash is a decentralised, blockchain-based cryptocurrency that, as a privacy coin, focuses on data security and the anonymity of its users. Thus, Zcash aims to offer its users greater data security than Bitcoin.

Zcash is also the second most popular cryptocurrency after Monero when it comes to anonymity. Among others, Zcash was also recommended by Edward Snowden, who rated the currency and technology as very secure.

The Binance Coin is the in-house cryptocurrency of the Chinese platform Binance.

There are now 200 million Binance Coin tokens. They can be bought on the in-house platform or exchanged for other cryptocurrencies.

The advantage is therefore clearly in the trading costs. According to the information provided by the crypto exchange Binance, there is a price reduction of 50 percent in the first year, 25 percent in the second year and 12.5 percent in the third year.

Since October 2017, there is a new star in the crypto sky: Tezos. The special feature: Tezos offers companies (and private individuals) a transaction environment in which they can realise business models based on tokens. And that without having to develop a blockchain.

Moreover, Tezos is another competitor of Ethereum with an innovative governance system that allows Tezos owners to make decisions together.