To continue previous post about top-cryptocurrencies, today we want to bring to your attention digital coins that occupy second ten in the ranking of coins with the largest market capitalization. Most of cryptocurrencies listed here are not just another altcoins with similar features, but have a unique concept which makes them outstanding from thousands of other digital coins and attracts many commited users. The desire to make innovative and useful product has brought them to the top of crypto.
11. EOS (EOS)
Basically, EOS offers users the same possibilities as Ethereum — it is a smart-contract platform that allows to create decentralized apps. Developers assert that platform will be able to operate millions of transactions a minute. It aims to solve the problem of scalability plus make transactions totally free for users. Daniel Larimer, whom we know as founder of BitShares and co-founder of Steemit, is CTO of the project. EOS was announced in 2017 and currently project has only whitepaper, but thanks to the thousands of devoted users who believe in the future of this cryptocurrency, it managed to get to the top-20 cryptocurrencies with the largest market capitalization.
12. MONERO (XMR)
Launched in 2014, Monero is focused on privacy and decentralization. The point is that despite the widespread opinion about totally anonymous Bitcoin transactions, it is only partly true. Anyone who knows your Bitcoin address, can see your balance and history of transactions in the public record. The distinguishing feature of Monero is that your funds are not associated with your public address. In every transaction money are sent to a newly-created one-time address. That’s why Monero is often described as the best cryptocurrency for anonymous transactions. Transactions sent to you are not associated as sent to the same recipient.
13. TRON (TRX)
Cryptocurrency backed up by project that provides compensation for content creators. Looks to create decentralized platform that provides shared entertainment content. With Tron protocol, users can store and publish data. Tron aims to create decentralized entertainment platform that will provide users with content and content makers with benefits. Users who believe in the future of this project and cryptocurrency point out what great impact it can have on the spheres of gaming, mobile apps or online marketplaces. The aim of the project is free and uncontrolled information.
14. Bitcoin Gold (BTG)
Fork of Bitcoin, that aims to correct the centralization and monopolization of the Bitcoin mining that becomes more and more obvious. Now mining of Bitcoin is impossible for single miners — so they unite in large mining pools (the majority of which is concentrated in China). Instead of Proof-of-Work Bitcoin Gold uses Equihash, that changes algorithm that solves blocks, making mining of coins democratic again.
15. ICON (ICX)
Cryptocurrency launched by Korean company.
Even with implementing blockchain technology and enhancing process of globalization each community is still isolated. With ICON anyone can participate and connect to blockchain. The noble goal of the project is to hyperconnect the world and unite real-life institutions. Aims to overcome national boundaries and make seamless connection of different blockchain possible. The system has been successfully implemented in few Korean institutions and developers work on further global spreading.
16. QTUM (QTUM)
Based on the Bitcoin’s blockchain and Ethereum’s smart-contract technology. Frankly speaking, crypto community has a lot of questions about prospects of this cryptocurrency. First of all, Qtum founder Patrick Dai was engaged in the scam project BitBay. He later changed his name to Steven and launched Qtum. Despite his explanations many still don’t trust Qtum because of this scandal in the shady past of founder. Also many doubts if the hybrid of two main cryptocurrencies is really what we need. But despite all this, Qtum takes the 16th position of the most popular crypto, so it has enough devoted users.
17. Ethereum Classic (ETC)
A little bit of history here. There was a DAO — smart contract, that basically was a decentralized venture capital fund that was going to fund decentralized apps created on Ethereum. In the June 2016 there was an attack on the DAO — hacker used a vulnerability in the DAO system and stole $50 mln. To prevent attacker from withdrawing money and to refund all stolen sums to their owners, it was decided to perform the hard fork and the new chain named Ethereum was created. Some users were against changing to the new chain, so they decided to remain in the old one. This old one blockchain is the Ethereum Classic.
18. Lisk (LSK)
Founders of Lisk claim that it is the first modular cryptocurrency that uses sidechains. It allows anyone to create its own decentralized app. Ethereum’s ex-CEO Charles Hoskinson and ex-advisor Steven Nerayoff joined the team of Lisk as advisors. Lisk looks a lot like Ethereum, the main difference is that it is based on JavaScript. With Lisk, developers can create, distribute and monetize their applications. The team decided to use JavaScript because it is accessible almost to any developer. Lisk solved the problem of scalability by building every app on the new sidechain — even if there are any problems with main chain, it doesn’t affect the apps, because they are build on independent chains.
19. VeChain (VEN)
VeChain allows manufacturers to assign their product with its exclusive features, and then supply chain partners and consumers so they can interact with the product using platform. Blockchain and usage of private keys provides the security of data. VeChain aims to create transparent market and provide users with detailed information about the product they interact with. Manufacturers and retailers are certain about the quality and features of products they buy or sell.
20. RaiBlocks (XRB)
RaiBlocks looks to solve the main problem of blockchains — scalability, that is caused by limited amount of data every block can contain. RaiBlocks offers new block-lattice architecture, where each user has their own blockchain. This blockchain records account balances and reflect information about balance history. Each user has complete control over their blockchain and can update it asynchronously to the rest of chains. The important point is RaiBlocks charge no fee for transactions.
If you like this article and want to see the next part of the cryptocurrencies with the largest market capitalization, support this post by clapping for it. Also we want to remind that Bonpay has its own Bonpay Token/Coin (BON), that was released during successful Token Sale and now shows stable rise in price. BON is backed by Bonpay company — cryptocurrency service, that have thousands of clients all over the world, offering wallet for storing crypto funds and debit card for convenient and secure spending of them. BON is already listed and tradable on the popular cryptocurrency exchanges. Learn more in Bonpay Whitepaper.
