The latest version of the top ten public chain currency market value rankings in 2024

Public chain coins refer to the native tokens of public blockchain networks built based on blockchain technology. These tokens are usually used to pay network fees, execute smart contracts, and motivate node participants. The value of a public chain currency is usually closely related to the ecosystem health, application scenarios, number of users and other factors of the blockchain network it represents. Novice investors often have difficulty making a choice when facing thousands of currencies on the market. By understanding the public chain currency, The market value of chain coins is the first step in selection, which requires investors to understand the market value rankings of public chain coins. The editor below will introduce to you the latest version of the market value ranking of public chain coins in 2024.

The latest version of the public chain currency market value ranking list in 2024

According to current data, the latest version of the public chain currency market value ranking list in 2024 mainly includes BTC, ETH, SOL, ADA, AVAX, DOT, TRX, MATIC, ICP, NEAR, etc. Public blockchain refers to any blockchain that can be read by anyone in the world, anyone can send transactions, and transactions can be effectively confirmed. A blockchain in which everyone can participate in the consensus verification process. The consensus process determines which blocks can be added to the blockchain and clarifies the current status. The following is a detailed introduction to public chain coins:

1. BTC

The current market value of BTC is 1.35 trillion US dollars

The concept of Bitcoin (BitCoin) was originally developed by Satoshi Nakamoto Proposed in 2008, the open source software designed and released based on Satoshi Nakamoto's ideas and the P2P network built on it. Bitcoin is a P2P form of digital currency. Peer-to-peer transmission means a decentralized payment system.

Unlike most currencies, Bitcoin does not rely on the issuance of a specific monetary institution. It is generated through a large number of calculations based on a specific algorithm. The Bitcoin economy uses a distributed database composed of many nodes in the entire p2p network to confirm and All transactions are recorded, and cryptographic design is used to ensure the security of all aspects of currency circulation.

2. ETH

The current market value of ETH is US$426.342 billion

Ethereum (English: Ethereum) is an open source public blockchain platform with smart contract functions. It provides a decentralized virtual machine (called the "Ethereum Virtual Machine" EthereumVirtual Machine) through its dedicated cryptocurrency Ether (also known as "Ether") to process peer-to-peer contracts.

The concept of Ethereum was first proposed by programmer Vitalik Buterin between 2013 and 2014 after being inspired by Bitcoin. It means "the next generation of cryptocurrency and decentralized application platform". In 2014 Development began in 2008 through ICO crowdfunding.

3. SOL

The current market value of SOL coin is US$74.619 billion

Solana was founded in late 2017 by former Qualcomm, Intel and Dropbox engineers. It is a single-chain entrusted equity A proof-of-concept protocol whose focus is on providing scalability without compromising decentralization or security. At the heart of Solana’s scaling solution is a decentralized clock called Proof of History (PoH), designed to solve the time problem in distributed networks without a single trusted time source. By using the verifiable delay function, PoH allows each node to generate timestamps locally using SHA256 calculations. This eliminates the need to broadcast timestamps throughout the network, improving overall network efficiency.

SOL is the native token of the Solana blockchain. Solana uses a delegated proof-of-stake consensus algorithm to incentivize token holders to validate transactions. As part of Solana's security design, all fees will be paid in SOL and burned, reducing the total supply. This deflationary SOL mechanism incentivizes more token holders to participate, thereby improving network security.

4, ADA

The current market value of the ADA coin is 22.521 billion US dollars

The cryptocurrency ADA is the currency of the Cardano (Cardano) protocol, and Cardano can be used to send and receive digital funds. This digital cash represents the future of money and enables fast direct transfers secured through cryptography.

A major innovation of Cardano is that it will balance the needs of users with the needs of regulators and combine privacy with regulation. Cardano’s vision is that its new type of standardized computing will bring greater financial inclusion through open access to equitable financial services for all.

5, AVAX

The current market value of AVAX coin is 18.817 billion US dollars

The Avalanche (AVAX) project, formerly known as Ava/AVA, is an open source platform used to launch highly Decentralized applications, new financial primitives and new interoperable blockchains. Using a breakthrough consensus protocol architecture, a smart contract platform that can confirm transactions within one second supports the entire content of the Ethereum development toolkit, making millions of complete block producers possible.

6. DOT

The current market value of DOT currency is US$11.912 billion

The Polkadot community voted to pass the 100-fold plan to split DOT. This is DOT that has been split 100 times. Polkadot will realize a completely decentralized Internet where users have full control. It envisions an Internet where each person's identity and data is their own control – without influence from any central authority.

Polkadot aims to connect private chains, consortium chains, public chains, open networks and oracles as well as future technologies that have not yet been created. Polkadot facilitates the Internet, and independent blockchains can exchange information and transactions in a trustless manner through Polkadot's relay chain. Polkadot makes it easier than ever to create/connect decentralized applications, services, and institutions. By empowering innovators to build better solutions, we seek to free society from reliance on broken networks whose vast institutions cannot violate our trust.

7, TRX

The current market value of TRX currency is 10.731 billion US dollars

TRON was founded by Mr. Sun Yuchen in September 2017, and has been launched since the mainnet in May 2018 Many outstanding achievements have been achieved since then. In July 2018, the TRON ecosystem completed the integration with BitTorrent, a pioneer company providing decentralized Web3.0 services with more than 100 million monthly active users. In recent years, the TRON network has performed brilliantly.

TRONSCAN data shows that as of October 2022, the total number of TRON public chain users has exceeded 115 million, the number of transactions has exceeded 4 billion, and the total lock-up volume (TVL) has exceeded US$13.2 billion. The Tron network achieved complete decentralization in December 2021 and is now a decentralized autonomous organization (DAO) governed by the community. In May 2022, TRON announced the launch of the decentralized over-collateralized stablecoin USDD, which is supported by the TRON Joint Reserve, the industry’s cryptocurrency central bank, marking TRON’s official entry into the era of decentralized stablecoins.

8. MATIC

The current market value of MATIC currency is US$9.486 billion

Matic Network is now renamed Polygon. Polygon is a protocol and framework for building and connecting Ethereum-compatible blockchain networks. Aggregate scalable solutions on Ethereum to support the multi-chain Ethereum ecosystem.

Matic Network is a second-layer scalability platform that enables fast, simple and secure off-chain transactions, not only payment transactions, but also generalized off-chain smart contracts. MaticNetwork is a significant contributor to the Ethereum ecosystem, with outstanding contributions to the implementation of Plasma MVP (Plasma Minimum Running Minimum), the WalletConnect protocol and the Ethereum event reminder engine - Dagger. Matic tokens are used for stake staking and participating in the proof consensus mechanism of the side chain network.

9, ICP

The current market value of ICP currency is 7.878 billion US dollars

InternetComputer is a first-layer protocol designed to develop a decentralized public network to enable intelligent The contract can be run on a large scale. The project aims to be an Internet computer, providing the functionality of the public Internet and allowing backend software to be hosted on the network.

ICP is Internet Computer’s native functional token, used for protocol governance and network transactions.

10. NEAR

The current market value of NEAR coin is 6.876 billion US dollars

NEAR Protocol is a highly scalable basic protocol that ensures fast enough support on mobile devices DApp runs. NEARProtocol allows developers to build mobile blockchain DApps and run them locally on users, while providing developers with important information about DApps.

Through state sharding, the blockchain is allowed to scale linearly with the number of nodes in the network, with the goal of 100kTPS based on 1 million mobile nodes. NEAR is used to pay for validators, which provide scarce computing and storage resources to the network.

The above is the detailed content of The latest version of the top ten public chain currency market value rankings in 2024. For more information, please follow other related articles on the PHP Chinese website!